News Centre

BNY Mellon And ING Agree To Join CLSNet Community - Amidst Record Growth In Adoption, BNY Mellon And ING Agree To Join Netting Calculation Platform

Date 18/01/2024

CLS, a financial market infrastructure delivering settlement, processing, and data solutions, today announced that BNY Mellon, the world’s largest custodian bank and ING, the largest Dutch bank, have agreed to join CLS’s bilateral payment netting calculation service for over 120 currencies, CLSNet. They are the latest participants to agree to join the growing CLSNet community, which includes eight of the top 10 global banks.

UK Venture Funding Value Down By 39.4% To $14.2 Billion In 2023, Finds GlobalData

Date 18/01/2024

• Total VC funding value for 2023 stood at $14.2 billion
• Takes nine months to touch $10 billion versus only four months in 2022
• Continues to enjoy dominance in Europe

Qatar Stock Exchange Welcomes Active Asset Management Initiative Between Qatar Investment Authority And Ashmore Group

Date 18/01/2024

Qatar Stock Exchange (QSE) welcomes the partnership announced between Qatar Investment Authority and Ashmore Group plc (Ashmore) launching an Active Asset Management Initiative in collaboration with local and regional asset manager. This strategic initiative, which aligns with QIA’s goals and aspirations, will play a significant role in supporting the development of the local financial markets.

Substantive Research White Paper Reveals State Of Market Data Pricing Ahead Of FCA Wholesale Data Markets Study - Aggressive Pricing Leads To ‘Endless Cycles’ For Market Data Consumers As They Never ‘Catch Up’ With Vendor Increases

Date 18/01/2024

• Major vendors hike prices by up to 50% for the same use cases due to ‘changes in pricing structure’.
• At the same time, 65% of surveyed firms are being told they are on deep discounts and are being compelled to pay more to be in line with peers.
• ‘Removal of discounts’ is cited as a significant justification for price increases, representing  67% of price rises in ratings; 36% of price rises in data terminals; 41% of price rises in indexes; 20% of price rises in data feeds. 

SGX-ST Listings Disciplinary Committee Reprimands Tee International Limited And former Group CEO And Managing Director Phua Boon Kin Eric

Date 18/01/2024

1. The SGX-ST Listings Disciplinary Committee (“LDC”) reprimands Tee International Limited (the “Company” and together with its subsidiaries, the “Group”) and its former Group CEO and Managing Director Phua Boon Kin Eric (“Phua”) for breaching the following Mainboard Rules:

Hong Kong Securities And Futures Commission And Police Warn Public Of Aramex And DIFX For Suspected Virtual Asset-Related Frauds

Date 18/01/2024

The Securities and Futures Commission (SFC) and the Police today warned the public of suspected frauds involving two entities purporting to be virtual asset trading platforms (VATPs). They operate under the names of “Aramex” and “DIFX”.

ASIC Urges AFS Licensees To Register Their Financial Advisers And Provides A Short Extension To Facilitate Compliance

Date 18/01/2024

KEY POINTS:

• ASIC records show that a significant number of financial advisers (known as relevant providers) are still not registered, despite a requirement to be registered commencing on 1 February 2024.
• ASIC has extended the due date for registration by two weeks and confirms 16 February 2024 as the final date for the commencement of the registration requirement.
• AFS licensees that have not already registered their Relevant Providers are urged to do so as a priority via ASIC Connect.
• Advisers who provide personal advice to retail clients without being registered after 16 February, together with their authorising AFS licensee(s), will be in breach of the law and face potential regulatory action.

Nasdaq December 2023 Volumes And 4Q23 Statistics

Date 17/01/2024

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for December 2023, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended December 31, 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

CFTC Commissioner Johnson To Deliver Prepared Remarks And Participate In Panel Discussion At the Institute For Law And Finance’s 12th Conference On The Future Of The Financial Sector

Date 17/01/2024

ISDA Launches Sustainability-Linked Derivatives Clause Library

Date 17/01/2024

ISDA has launched a clause library for sustainability-linked derivatives (SLDs), designed to provide standardized drafting options for market participants to use when negotiating SLD transactions with counterparties.