News Centre

Women's Exchange At HKEx Event Spotlights Women Opting Back In

Date 24/11/2014

The Women's Exchange at HKEx (Hong Kong Exchanges and Clearing Limited) hosted a reception today (Monday) to spotlight women who opted back into full time employment.

ESMA Approves Moody’s Investors Service EMEA Limited As A Credit Rating Agency

Date 24/11/2014

The European Securities and Markets Authority (ESMA) has approved the registration of Moody’s Investors Service EMEA Limited, based in the UK, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. The registration takes effect from 24th November 2014.

KDPW As A Numbering Agency Has Started To Assign FISN Codes

Date 24/11/2014

It may not be obvious for everyone that the Central Securities Depository of Poland (KDPW) is a numbering agency. However, it is a fact that KDPW is the only institution in Poland and one of few institutions in Europe to offer such a broad range of numbering services for financial market entities and instruments. As of November 2014, KDPW also issues FISN codes which provide a simple and standardised description of financial instrument characteristics.

HKEx’s After Hours Futures Trading Session Continues To Grow

Date 24/11/2014

HKEx is pleased that it set several records in After Hours Futures Trading session last Friday night, which are highlighted in red in the table below.

The Egyptian Exchange (EGX) Chairs With Unanimous Elections The Federation Of Euro-Asian Stock Exchanges (FEAS)

Date 24/11/2014

In unanimous and harmonious elections, The Egyptian Exchange (EGX) chairs The Federation of Euro-Asian Stock Exchanges (FEAS). The cel­ebration was carved, in Croatian capital, Zagreb, where The Federation of Euro-Asian Stock Ex­changes (FEAS) General Assembly announced the unanimous choice of Dr. Mohamed Omran the Egyptian Exchange (EGX) Chairman as chairman of the federation. EGX is the first Arab Stock Exchange to win this post; that was an­nounced during the 20th General Assembly meet­ings of the FEAS. Worth mentioning that since FEAS inception in 1995 till this nomination, Tur­key had been chairing the federation.

Central Counterparty Recovery And Resolution - Keynote Speech By Benoît Cœuré, Member Of The Executive Board Of The ECB, At Exchange Of Ideas #2 “Central Clearing – Guarantee Of Stability Or New Moral Hazard?” Organised By Eurex Clearing, London, 24 November 2014

Date 24/11/2014

Summary

The mandatory use of central clearing is a relatively new regulatory tool for mitigating systemic risk in the OTC derivatives space. It has brought the central counterparties (CCPs) to the forefront of financial market regulation. It is therefore crucial for CCPs to have comprehensive and effective recovery plans, relying on a wide range of recovery tools, to continue providing their critical services also in a very severe crisis without requiring the use of resolution powers by authorities. Obviously the stability of CCPs primarily depends on the establishment and implementation of robust risk management framework. But CCPs are also in a unique position to set up efficient and comprehensive recovery plans as they can base them on contractual arrangements with members. But CCPs need to have appropriate procedures for managing conflicts of interest between stakeholders - it is vital to involve all those who would bear losses in the design of the recovery plan. And on the regulatory side, we need to make sure our approach is cautious and non-prescriptive at this stage. I am confident that CCPs, authorities and stakeholders will work together constructively to meet the ambitious objectives set out in the recent CPMI-IOSCO report.

HKFE Announces Margin Rates For London Aluminium, London Copper And London Zinc Mini Futures To Be Introduced 1 December 2014

Date 24/11/2014

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced the margin rates for the London Aluminium, London Copper and London Zinc mini futures that it will introduce on Monday,1 December 2014.

Parabellum Markets Chooses FlexTrade For White Label FX And Liquidity Aggregation - Deploys MaxxTrader, A Turnkey ASP Front-End, For Trading Spot Currencies, Forwards, NDFs, Swaps & Precious Metals

Date 24/11/2014

FlexTrade Systems, Inc., a global leader in multi-asset execution and order management systems,  announced today that Parabellum Markets has deployed MaxxTrader as its full STP and white label FX trading system to aggregate liquidity and process Spot currencies, Forwards, NDFs, Swaps and Precious Metals.

The Bank Of England’s Perspective On CCP Risk Management, Recovery And Resolution Arrangements - Speech Given By David Bailey, Director, Financial Market Infrastructure At The Deutsche Boerse Group And Eurex Exchange Of Ideas Conference, London, Monday 24 November 2014

Date 24/11/2014

Good morning. First of all, let me start by thanking the team at Eurex for inviting me to speak here today.

This conference comes at a very timely point, just over five years on from the G20 summit in Pittsburgh thatplaced such a significant focus on central clearing. In the EU we also have a new Commission settling in and so it seems an appropriate juncture at which to reflect on the progress of the last five years and thechallenges that lie ahead.

Tehran Stock Exchange To Host FEAS General Assembly 2015

Date 24/11/2014

The 20th General Assembly meeting of the Federation of Euro-Asian Stock Exchange (FEAS) was held on November 19 - 20, 2014 in Zagreb, Croatia