News Centre

First Options Trade Registered Via Straight-Through- Processing For Clearing At ECC

Date 26/05/2015

On 18 May, for the first time an Options trade was registered at the European Energy Exchange (EEX) for clearing at European Commodity Clearing (ECC) via Straight-Through-Processing (STP). The STP service enables transactions concluded or registered at the exchange to be routed to the clearing house automatically without the need for further manual intervention.

FSB Publishes Thematic Review On Supervisory Frameworks And Approaches For SIBs

Date 26/05/2015

The Financial Stability Board (FSB) published today a thematic peer review on supervisory frameworks and approaches for systemically important banks (SIBs).

HKEx: Partial Cancellation Of The Bonds Due To Conversion

Date 26/05/2015

Reference is made to the announcement made by Hong Kong Exchanges and Clearing Limited (“HKEx” or “Guarantor”) and HKEx International Limited (“Issuer”) jointly on 21 May 2015 in relation to an aggregate principal amount of US$334,338,000 (approximately HK$2,592,155,947.80), representing approximately 66.87 per cent of the initial aggregate principal amount of the US$500,000,000 0.50 per cent convertible bonds due 2017 (“Bonds”) constituted under the trust deed dated 23 October 2012 (as amended and restated effective 17 December 2012), which had been converted and cancelled in accordance with the terms and conditions of the Bonds (“Conditions”).

LME Takes Steps To Broaden Access To Electronic Trading

Date 26/05/2015

• Proposal to extend LMEselect access to category 3 and 4 members
• Increased flexibility to application criteria for LME members
• Introduction of pre-trade risk management system on LMEselect
• Implementation of rulebook provisions relating to incentive schemes

FTSE Starts Transition To Include China A Shares In Global Benchmarks

Date 26/05/2015

• FTSE announces transition to include China A Shares in global indexes
• Two new transitional emerging markets indexes launched
• Approximately 5% initial A Shares weighting in the FTSE Emerging inclusion indexes, rising to 32% when China A Shares become fully available to international investors

Euronext Announces Third Pan-European Days In New York And Boston

Date 26/05/2015

Euronext, the primary exchange in the Eurozone, today announced its third pan-European days in the United States aimed at raising the profile of its European listed companies among US investors.  It will be attended by nearly 60 large issuers from across all the Euronext countries[1], representing above  €400 billion ($445 billion) in market capitalisation, and more than 350 US investors, over four days from 1- 4 June. The event, which previously took place only in New York, has been extended to cover Boston this year for the first time.

The Fence And The Pendulum - Speech Given By Martin Taylor, External Member Of The Financial Policy Committee, Bank Of England - Based On Remarks Given At The International Association Of Credit Portfolio Managers Conference, London, Friday 22 May 2015

Date 26/05/2015

It is both a pleasure and a privilege to talk to you this morning. These are strange times in the world of credit, and you must all have strong nerves to be in the business of managing it. When I was first involved in finance, an unquestioned credit was defined as a borrower who would undoubtedly pay you back all that you had lent to them. Recently it has come to mean a borrower who will undoubtedly pay you back a little less than you lent. As a sub-investment grade speaker I shall try to give statistically-adjusted value today.

LCH.Clearnet Launches Buy-Side Clearing Of FX Derivatives In Europe

Date 26/05/2015

• European offering expands on ForexClear’s US client clearing model
• Four banks signed up as clearing brokers
• Variety of account structures provide end users with increased protection and asset segregation

Bank Of England: Contractual Stays In Financial Contracts Governed By Third-Country Law – CP19/15

Date 26/05/2015

Background

A key aspect of effective resolution is ensuring that, once a firm enters resolution, its counterparties in derivatives and other financial contracts (such as repo/reverse repo, securities lending and other similar transactions subject to contractual set-off and netting arrangements) cannot terminate and ‘close out’ their positions solely as a result of the firm’s (or a related entity’s) entry into resolution.

Newly Launched STOXX International Exposure Indices Licensed To Source

Date 26/05/2015

STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced the launch of the STOXX International Exposure Indices. The new indices provide exposure to companies that generate a substantial portion of their revenue outside their home region, allowing market participants to express views on those companies that are well positioned to profit from currency depreciation and higher growth in non-domestic markets. The EURO STOXX International Exposure and STOXX Japan International Exposure indices have been licensed to Source, one of Europe’s largest issuers of ETFs, and the initial fund launches are expected in June 2015.