U.S. Securities and Exchange Commission (SEC): Google and Amazon are bidding to help the SEC build the Consolidated Audit Trail via their cloud services.
Chicago Stock Exchange (CHX) plans a 350 microsecond speed bump for traders taking liquidity; according to Bloomberg.
Tadawul: Saudi Arabia is loosening rules on foreign investment, according to Bloomberg. Overseas funds with $1 billion under management will be allowed to invest in Saudi stocks, down from the current threshold of $5 billion. Individual foreign investors will be allowed to own up to 10% of a company. Sovereign wealth funds and university endowments will now be allowed to invest. Also, qualified foreign investors will be able to take part in initial public offerings (IPOs) starting in January. Tadawul will align its settlement cycle for share trading with global standards by the end of June.
Japan Exchange Group (JPX) outlined blockchain clearing and settlement issues in a new paper. JPX also said that clearing and settlement are the most important use case of distributed ledger technology. Reported by FOW.
Deutsche-Borse (DB1): STOXX launched the EURO STOXX 50 Multi-Asset Momentum Risk Cap Indices. These indices implement a cross-asset strategy concept based on the EURO STOXX 50 and the EURO STOXX 50 Corporate Bond Indices.
Nasdaq (NDAQ): Dorsey, Wright & Associates (DWA) will assume sub-advisor responsibilities of the AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF. The fund will be renamed as AdvisorShares Dorsey Wright ADR ETF, and will retain the AADR ticker symbol.
FX brokers not ready to implement noncleared margin rules will be forced to cut off trading with dealers in U.S. and Japan on Sept. 1. Reported by Risk.net.
European Union (EU) Commission and EU Council authorities said Basel lll regulation refinements bust be subject of deep analysis and scrutiny.