News Nuggets | 31 July: New Zealand's FMI Standards; ICE Delists Bakkt's Contracts

News Nuggets | 31 July: New Zealand’s FMI Standards; ICE Delists Bakkt’s Contracts

Time Stamp: July 31, 2023 5:56 AM
Source Node: 2795162

ICE Delists Bakkt Bitcoin Contracts

Intercontinental Exchange (ICE) has delisted all Bakkt Bitcoin futures contracts, except for the ones expiring in August and September, and Bakkt Bitcoin options contracts last Friday. The exchange operator also announced that it will no longer list Bakkt Bitcoin futures and options on its platform.

“The August and September 2023 expiry months will continue to be listed for trading through their regular Last Trading Days, which are August 24 and September 28, 2023, respectively,” the announcement added.

New Zealand’s FMA Announces New Market Standards

New Zealand’s regulator, the Financial Market Authority (FMA), announced on Monday standards designated Financial Market Infrastructures (FMIs), which are multilateral systems enabling electronic payments and financial market transactions.

The new standards will come into effect on 1 March 2024 and were issued following two rounds of public consultation.

“Most of us don’t think about the underlying infrastructures we rely on for daily economic life, but we can be severely impacted when something goes wrong,” said New Zealand central bank’s Deputy Governor, Christian Hawkesby. “If a designated FMI failed or encountered problems, electronic payments and financial market transactions could be severely disrupted. This, in turn, could have flow-on impacts for New Zealanders, our financial system, and the wider economy.”

Capita’s CEO Jon Lewis to Retire

Jon Lewis, who has been heading Capita as the CEO and Director since December 2017, has decided to retire and will step down from the role at the end of 2024. He will remain with the company until July 2024 to ensure a smooth transition of responsibilities. Capita has named Adolfo Hernandez as the CEO designate.

Jon Lewis, CEO at Capita

“It has been a privilege to lead the turnaround of Capita over the past five years,” said Lewis. “I remain fully committed to delivering the Group’s strategy and enabling a smooth transition to Adolfo as the new CEO over the coming months.”

Former Aussie Investment Manager Charged for Fraud

Brett Paul Trevillian, a former investment manager in Australia, is facing four counts of charges for making a false document to obtain a financial advantage. He was arrested on 20 July on an arrest warrant obtained by the Australian Securities and Exchange Commission (ASIC) and was released on bail on 28 July.

According to ASIC, Trevillian, who served as the director of Metal Alpha Pty Ltd and former investment manager of Trading Life Services Pty Ltd, created four forged portfolio performance verification reports between May 2019 and October 2019 and provided them to potential investors. All these documents are allegedly fraudulent.

Trevillian is now looking at a maximum prison time of ten years for each charge.

Payment platform Optty Adds Crypto Gateway

Optty has partnered with Triple-A, a licensed crypto payment gateway, to add cryptocurrency options to its existing payments platform. It will leverage Triple-A’s white-label crypto payment gateway to broaden its payment options.

Triple-A is a crypto payment gateway licensed and registered in Singapore, Europe, and the United States.

“As the world’s first true universal payments platform, Optty is agnostic and supportive of payments inclusion, a unique position that is designed to help retailers offer more choice than ever at checkout,” said Natasha Zurnamer, CEO and founder of Optty.

“With one simplified integration, not only can retailers access over 90 BNPLs and local payment methods in over 120 countries — they can now switch on crypto payments, a natural progression in our aim to simplify payments for retailers all over the world.”

ICE Delists Bakkt Bitcoin Contracts

Intercontinental Exchange (ICE) has delisted all Bakkt Bitcoin futures contracts, except for the ones expiring in August and September, and Bakkt Bitcoin options contracts last Friday. The exchange operator also announced that it will no longer list Bakkt Bitcoin futures and options on its platform.

“The August and September 2023 expiry months will continue to be listed for trading through their regular Last Trading Days, which are August 24 and September 28, 2023, respectively,” the announcement added.

New Zealand’s FMA Announces New Market Standards

New Zealand’s regulator, the Financial Market Authority (FMA), announced on Monday standards designated Financial Market Infrastructures (FMIs), which are multilateral systems enabling electronic payments and financial market transactions.

The new standards will come into effect on 1 March 2024 and were issued following two rounds of public consultation.

“Most of us don’t think about the underlying infrastructures we rely on for daily economic life, but we can be severely impacted when something goes wrong,” said New Zealand central bank’s Deputy Governor, Christian Hawkesby. “If a designated FMI failed or encountered problems, electronic payments and financial market transactions could be severely disrupted. This, in turn, could have flow-on impacts for New Zealanders, our financial system, and the wider economy.”

Capita’s CEO Jon Lewis to Retire

Jon Lewis, who has been heading Capita as the CEO and Director since December 2017, has decided to retire and will step down from the role at the end of 2024. He will remain with the company until July 2024 to ensure a smooth transition of responsibilities. Capita has named Adolfo Hernandez as the CEO designate.

Jon Lewis, CEO at Capita

“It has been a privilege to lead the turnaround of Capita over the past five years,” said Lewis. “I remain fully committed to delivering the Group’s strategy and enabling a smooth transition to Adolfo as the new CEO over the coming months.”

Former Aussie Investment Manager Charged for Fraud

Brett Paul Trevillian, a former investment manager in Australia, is facing four counts of charges for making a false document to obtain a financial advantage. He was arrested on 20 July on an arrest warrant obtained by the Australian Securities and Exchange Commission (ASIC) and was released on bail on 28 July.

According to ASIC, Trevillian, who served as the director of Metal Alpha Pty Ltd and former investment manager of Trading Life Services Pty Ltd, created four forged portfolio performance verification reports between May 2019 and October 2019 and provided them to potential investors. All these documents are allegedly fraudulent.

Trevillian is now looking at a maximum prison time of ten years for each charge.

Payment platform Optty Adds Crypto Gateway

Optty has partnered with Triple-A, a licensed crypto payment gateway, to add cryptocurrency options to its existing payments platform. It will leverage Triple-A’s white-label crypto payment gateway to broaden its payment options.

Triple-A is a crypto payment gateway licensed and registered in Singapore, Europe, and the United States.

“As the world’s first true universal payments platform, Optty is agnostic and supportive of payments inclusion, a unique position that is designed to help retailers offer more choice than ever at checkout,” said Natasha Zurnamer, CEO and founder of Optty.

“With one simplified integration, not only can retailers access over 90 BNPLs and local payment methods in over 120 countries — they can now switch on crypto payments, a natural progression in our aim to simplify payments for retailers all over the world.”

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