News Centre

Hong Kong's Securities And Futures Commission Bans Chak Tsz Hoi For life

Date 04/03/2014

The Securities and Futures Commission (SFC) has banned Mr Chak Tsz Hoi, a former employee of Bank of East Asia, Limited (BEA), from re-entering the industry for life.

Dalian Commodity Exchange: PP Futures Makes Hot Debut

Date 04/03/2014

Without plaque-unveiling, gong ceremony or press conference, on the morning of February 28, the polypropylene (PP) futures contracts were listed on Dalian Commodity Exchange (DCE) with a low profile. It is the first approved new product listed on the domestic futures market in the Year of Horse, increasing the number of the petrochemical futures products listed on DCE to 3 and the number of total products listed on DCE to 15. The representatives of the petrochemical industry attending the “Forum on Listing of PP Futures and Plastics Futures Serving Real Economy” in Dalian witnessed the opening and trading of the PP futures at the trading floor of DCE. 

BNY Mellon CSD Approved By The Luxembourg Stock Exchange As A Recognized Securities Settlement System

Date 04/03/2014

BNY Mellon, a global leader in investment management and investment services, has confirmed that its Brussels-based central securities depository, BNY Mellon CSD SA/NV, has been accepted as a recognised system for settling transactions in securities listed on the two markets operated by the Luxembourg Stock Exchange.

Nigerian Stock Exchange Set To Slash Transaction Costs By Over N 1bn

Date 04/03/2014

Investors in the Nigerian Capital Market are in for good times as The Nigerian Stock Exchange (NSE) has commenced the reduction of the cost of its Trade Alert service by about N 1.24 billion from March 2014 via the scrapping of the current charge of 0.06% of every trade on The Exchange and an introduction of an enhanced notification system, X-Alert which will be charged at a flat fee of N4 per transaction.

Perseus Leads Wireless Trading - London Microwave Access At Data Centres LD4, LHC, LSE And Basildon Strengthens Global Connectivity Provider’s Foot Print For The Most Markets On One Proprietary Network

Date 04/03/2014

Perseus Telecom, a leading provider of high-speed global connectivity, High Precision Time™ and Market-to-Market networks announced today four wireless routes in London are now available for trading with Perseus. The firm exclusively owns three out of the four, (LD4-LHC, LSE-Basildon, LD4-Basildon) routes, offers LSE to LD4 and just closed an acquisition of wireless and market data across the pond for CME Group and the Intercontinental Exchange (ICE) in Chicago. Demands for the fastest trading are ongoing and 2014 holds not only the need to deliver high-speed connectivity but redundancy (duplicative safety net) lines for risk prevention. Perseus utilises its ultra-low latency fibre as a back up to all microwave access contracted customers. The company has also deployed globally its award winning High Precision Time™ solution for compliance and risk control for verification and synchronization.

Osaka Securities Exchange: Handling Of Rules Developing Rules In Connection With Derivatives Market Integration, etc.

Date 04/03/2014

The handling of rules concerning developing rules in connection with the derivatives market integration on March 24, 2014 (scheduled),etc. will be as follows.

1. Night session on the business day preceding the integration date

The night session (evening session at TSE) on March 20, 2014, which is a business day preceding the date of the derivatives market integration (hereinafter “integration date”), will not be held at TSE and will be held at OSE as usual.

Shenzhen Stock Exchange Market Bulletin 3 March, 2014 - Issue 7

Date 04/03/2014

Last week, Shenzhen Component Index tumbled 5.0% to 7365.9 points. SME Index closed at 5029.2 points after losing 4.8%. ChiNext Index was down 5.6% to 1434.9 points. Total turnover for stocks and funds on SZSE was US$ 130.6 billion, or a 6.5% decrease  from the week before.

MNI India Consumer Indicator Rises To 127.8 In February From 121.2 In January - Buoyed By Higher Current And Future Expectations

Date 04/03/2014

The MNI India Consumer Indicator increased to the highest level since December 2012, driven by a rise in both current and future expectations.

SIX Will Introduce T+2 Settlement For Switzerland Starting 6 October 2014

Date 04/03/2014

SIX shortens the time period between the execution of a trade and its settlement. The present settlement cycle in Switzerland is three business days (T+3). Starting 6 October 2014 the settlement cycle will be reduced to two business days (T+2). This shortened settlement cycle covers all securities tradable on SIX Swiss Exchange and SIX Structured Products Exchange and settling through the Swiss Central Securities Depository, SIX SIS AG.

Results Of Dubai Financial Market AGM

Date 04/03/2014

The Board of Directors' of  Dubai  Financial Market  PJSC held  the Ordinary General Assembly Meeting on Monday 3 March 2014 at  5:00 PM  in  Dubai Financial Market Trading Hall at Dubai World Trade Center, with a legal quorum of 81.26% and approved the following resolutions:

1. Ratified the Board of Directors' report of the Company's  performance and  its financial position for the fiscal year ending 31 December 2013.
2. Ratified the external auditor's report for the fiscalyear ending 31 December 2013.