News Centre

JSE Announces Overall Winners Of The 2014 JSE Investment Challenge

Date 03/11/2014

The high school learners and university students who took the top positions in this year’s JSE Investment Challenge have outperformed the JSE’s Top40 and All Share Indices as well as some of the country’s top fund managers.

Infront Partners With Neonet To Offer Neutral & Transparent - Market Data, Connectivity & Trading

Date 03/11/2014

Infront, provider of the innovative Infront market data, analytics and trading terminal to thousands of professional users, has partnered with Neonet Securities, the independent agency broker and execution specialist, to offer users of its Infront terminals access to Neonet’s trading infrastructure. The partnership expands the choice of execution networks and venues for Infront customers, and creates a neutral and transparent solution for market data, connectivity and trading.

Volante Technologies Releases Whitepaper Outlining A Best Practice Approach To Implementing An Enterprise-Wide Payments Factory - Best Practice Approach Designed To Deliver Processes With Built-In Speed And Flexibility For Any Financial Institution Issuing Payments And Managing Liquidity And Cash Consolidation

Date 03/11/2014

Volante Technologies, a global leader in the provision of innovative financial data integration, today released a whitepaper titled, ‘Best Practices in Implementing Payments Factories’, focusing on a recommended approach to bringing about the benefits of a payments factory methodology to payments processing.

GMEX Group And Tradition Announce Strategic Partnership - Prices From The Trad-X Platform Will Facilitate The GMEX Exchange USD Interest Rate Swap Futures Launch

Date 03/11/2014

Global Derivatives Indices (GDI), a wholly owned subsidiary of Global Markets Exchange Group International LLP (GMEX Group), today announced a strategic partnership with Tradition, the interdealer broking arm of Compagnie Financière Tradition, to use prices from Trad-X to calculate a new USD version of GDI’s Constant Maturity Index (CMI). This will underpin the GMEX interest rate swap (IRS) Constant Maturity Futures (CMF) contracts.

IISL Index Dashboard For The Month Ended October 2014

Date 03/11/2014

Summary:

• CNX Nifty touched an all-time intra-day high of 8330.75 points on October 31, 2014.
• CNX Nifty closed at 8322.20 points on October 31, 2014, with a hefty increase of 357.40 points (4.49%) compared to the close of 7964.80 points on September 30, 2014.
• Free float market capitalization of CNX Nifty was USD 458 Bn and CNX Nifty Junior was USD 80 Bn as on October 31, 2014.
• CNX Bank index recorded the highest one month gain of 10.74% whereas CNX FMCG index recorded maximum one month decline of 2.43% across all indices.
• CNX Midcap index outperformed broad market indices giving 9.25% returns, CNX Shariah25 index outperformed thematic indices giving 12.19% returns, CNX Alpha index outperformed strategy indices giving 15.52% returns and CNX Auto index outperformed all sectoral indices giving 19.40% returns in preceding 3 months period.
• CNX Smallcap index outperformed broad market indices giving 67.72% returns, CNX CPSE index outperformed thematic indices giving 49.94% returns, CNX Alpha index outperformed strategy indices giving 61.41% returns and CNX Auto index outperformed all sectoral indices giving 59.70% returns in preceding 1 year period.
• CPSE Index continued to post highest dividend yield of 3.30% as on October 31, 2014.

ADX Heads To Far East For Roadshow

Date 02/11/2014

Abu Dhabi Securities Exchange (ADX) announced today that it will be leading some of the UAE’s chief companies to meet investors in Singapore and Hong Kong on the 3rd and 5th of November respectively.  The Far East roadshow follows successful roadshows in New York and London earlier this year. 

Cairo Amman Bank Weekly Economic Monitor

Date 02/11/2014

Click here to download Cairo Amman Bank's weekly economic monitor.

NASDAQ Dubai Welcomes Listing Of A 100 Million New Zealand Dollar Bond By Emirates NBD

Date 02/11/2014

NASDAQ Dubai, the region's international stock exchange, has welcomed the listing of a 100 million New Zealand dollar (USD 78.1 million) conventional bond by Emirates NBD, one of the region's leading banking groups.

DFM Performance – October 2014

Date 02/11/2014

The Dubai Financial Market General Index down 9.9% to 4545.4 points at the end of October compared to 5042.9 points at the end of September. The Financial & Investment services index decreased the most by 15.8% and the Real Estate and Construction index down 12.6%, and the Services index decreased by 11.9%. In contrast, the Industrial and Consumer indices have seen no change during this month.

NYDFS Announces AIG To Pay $35 Million Penalty For Insurance Law Violations Related To Its Former Subsidiaries Alico And Delam

Date 01/11/2014

Benjamin M. Lawsky, Superintendent of Financial Services, announced today that AIG will pay a $35 million penalty for Insurance Law and other violations related to its former subsidiaries ALICO and DelAm. A New York State Department of Financial Services (DFS) investigation uncovered that those subsidiaries solicited insurance business in New York without a license and made intentional misrepresentations and omissions to the Department about those activities.