News Centre

Singapore Fixed Income Indices (SFI) Weekly – 10 November 2014

Date 10/11/2014

Key highlights for the week ending 7 November 2014

• The SFI lost 0.07% to 119.31.
• YTD, the STI currently outperforms the SFI by 0.05%.
• The SFI and major sub-indices ended the week marginally lower.  Government bonds declined (SFI Government Bond Index; -0.10%) whereas corporate bonds remained relatively unchanged (SFI Corporate Bond Index; -0.03%)
• Interest yield for corporate bonds (SFI Corporate Bond Index) is currently at an all-year high of 3.23%, having risen 11 basis points YTD
• The SFI was rebalanced on 3 November 2014.  Six issuances, amounting to over S$800 million in market value, were added to the SFI.

TradingScreen: The Buy Side And TradingScreen To Launch TradeCross

Date 10/11/2014

A select group of large Asset Managers and TradingScreen, the leading independent provider of liquidity, trading, and investment technology via SaaS, announced today their intention to launch the first Buy side designed crossing platform for Fixed Income corporate bonds. TradeCross will cover all segments of the credit market and will offer numerous new and innovative trading models that are not offered today on traditional platforms with an overarching goal to create a much more efficient way to trade these securities. Key elements of the initiative are to insure complete trade confidentiality and reduction of market impact, especially during periods of market stress.  It has been carefully designed with the Buy side needs in mind and will continue to evolve as market changes dictate.

Russia Consumer Sentiment At Record Low - MNI Russia Consumer Indicator Falls By 4.6 Points To 80.7 In October

Date 10/11/2014

Russia consumer sentiment fell to a record low in October as stubbornly high inflation and the weak rouble made households more pessimistic about the future than ever before.

FSB Consults On Proposal For A Common International Standard On Total Loss-Absorbing Capacity (TLAC) For Global Systemic Banks

Date 10/11/2014

The Financial Stability Board (FSB) has today issued for public consultation policy proposals consisting of a set of principles and a detailed term sheet on the adequacy of loss-absorbing and recapitalisation capacity of global systemically important banks (G-SIBs).

SGX Sets Up Board Level Inquiry Committee To Oversee Investigation Of 5 November 2014 Breakdown

Date 10/11/2014

The SGX Board of Directors has set up a board level inquiry committee following the breakdown on 5 November 2014. The Committee will comprise four Board directors who are all independent of management.  Mr Quah Wee Ghee will chair the Committee and the other three members are Mr Chew Choon Seng, Mr Kevin Kwok and Mr Lee Hsien Yang.  Mr Quah Wee Ghee is the Chairman of SGX’s Risk Management Committee.

New Zealand's Financial Markets Authority Releases Updated Corporate Governance Handbook For Feedback

Date 10/11/2014

The Financial Markets Authority (FMA) today published a revised version of its handbook on corporate governance for consultation.

JSE Successfully Implements Phase 2 Of T+3 Project

Date 10/11/2014

The JSE has successfully completed the second phase of the JSE’s number one priority project, the T+3 project. The project is being implemented in three phases, and will result in the local equities market moving from the current T+5 settlement cycle to a shorter, three day settlement cycle (which is the intention of Phase 3 on the initiative).  The JSE’s move to a T+3 settlement cycle will further align the South African market with global best practice and improve its efficiency and credibility.

HKEx Welcomes Market Regulators' Announcement Of Stock Connect's Start Date

Date 10/11/2014

Hong Kong Exchanges and Clearing Limited (HKEx) welcomes today's announcement by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission of the start date for Shanghai-Hong Kong Stock Connect (Stock Connect), a mutual market access programme of the Hong Kong and Shanghai stock markets. 

Regulators Approve Launch Of Shanghai-Hong Kong Stock Connect

Date 10/11/2014

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) have approved the launch of the Shanghai-Hong Kong Stock Connect pilot scheme following the finalization of all necessary regulatory approvals and relevant regulatory operational arrangements required for its commencement.

CME Group Announces First Trade Of New USD-Denominated Palm Olein Swaps

Date 10/11/2014

CME Group, the world's leading and most diverse derivatives marketplace, today announced the first USD Malaysian Palm Olein Calendar Swaps were cleared on 4 November 2014, through CME ClearPort. The trade was between Just Oil & Grain Pte Ltd and another Singapore-based company, and was brokered by Starsupply (SG) Pte Ltd, part of the SCB Group.