News Centre

Boerse Stuttgart: Investors Straying To Other Currencies - Retail Investors Increasingly Turn To Foreign Currency Bonds - Turnover In Bonds Denominated In Norwegian Crowns Almost Triples In June

Date 17/07/2012

The uncertainty generated among investors by the unresolved debt crisis has also affected sentiment in bond trading at Boerse Stuttgart. Turnover in foreign currency bonds has risen sharply in recent months. Right at the top of the list are bonds denominated in Norwegian crowns (NOK). In June alone investors at Boerse Stuttgart traded Norwegian debt securities with a volume of more than NOK 195 million - equivalent to roughly EUR 26 million. By way of comparison, investors in May traded Norwegian bonds worth NOK 72.76 million (some EUR 10 million).

Tradition Brokers First Trade On LNG East Asia Index - Trade Represents A First In OTC-Brokered Exchange-Cleared LNG Trading

Date 17/07/2012

Tradition, one of the world’s leading interdealer brokers, today announced that it had successfully brokered the first LNG trade on ICIS Heren’s East Asia Index (LNG EAX).

Egyptian Exchange Launches Its FIX HUB Network And Connects With FIDESSA Trading Network Covering 175 Financial Markets

Date 17/07/2012

The Egyptian Exchange (EGX) launched its FIX HUB project this month through linking to FIDESSA trading network. EGX FIX HUB network will enable international investors to trade Egyptian securities with ease through a FIX gateway. Accordingly, this will reflect positively on the Egyptian market liquidity without violating capital market rules.  It is worth mentioning that few years ago EGX has started its FIX HUB project with the aim of linking to London Stock Exchange (LSE).

LCH.Clearnet’s Forexclear Breaks $50 Bn Notional Cleared - Client Clearing Service Now Built And Fully Tested

Date 17/07/2012

LCH.Clearnet Limited’s (LCH.Clearnet) ForexClear service has exceeded $50 billion in cleared notional of FX NDFs since launching only four months ago on 19 March 2012.

MarketPrizm Continues To Expand Its Team In Asia

Date 17/07/2012

MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that Cindy Yeo has joined the company as Director, Exchange Management & Data Products, Asia.

DGCX Launches Middle East’s First Derivatives Trading Academy

Date 17/07/2012

• Exchange seeks to extend benefits of derivatives trading to wider business community 
• Academy to offer broad range of educational programmes

Clearstream Facilitates Market Evolution In The Middle East - Abu Dhabi Commercial Bank Joins Triparty Repo Service Of Clearstream - National Bank Of Abu Dhabi Settles Loan Transactions Using Clearstream’s ASL Offering

Date 17/07/2012

Clearstream continues to facilitate the creation of a Middle Eastern financial market infrastructure: Abu Dhabi Commercial Bank has joined Clearstream’s triparty repo service as a new cash provider. The first trade was executed in Q2/2012 with Commerzbank Dubai and will contribute to the further evolution of a Middle Eastern triparty repo market. Abu Dhabi Commercial Bank accepts Middle Eastern securities to collateralise those trades. In addition, National Bank of Abu Dhabi settled the first loan transaction through Clearstream’s Automated Securities Lending (ASL) offering, a unique service that enhances settlement efficiency through automated loans.

Société Générale Reprimanded By Hong Kong's Securities And Futures Commission And To Repay Customers USD 11 Million

Date 17/07/2012

The Securities and Futures Commission (SFC) has reprimanded Société Générale in relation to failings in internal controls in its Wealth Management activities in its Hong Kong branch regarding the disclosure of certain fees and charges in secondary market transactions of over-the-counter bonds, options and structured notes (OTC products).

Osaka Securities Exchange: SPAN Parameter Updated - July 23, 2012 - July 27, 2012

Date 17/07/2012

OSE has set up SPAN Parameter for calculating margin requirements as follows.

This SPAN Parameter is used for calculating "SPAN Risk Parameter Files" which are distributed on a daily basis. OSE sets and publishes new Parameters on the first business day of each week, which are applicable from the first business day of the next week.

Monetary Authority Of Singapore Reprimands OANDA Asia Pacific Pte Ltd For Contravention Of Section 28A(2) Of The Monetary Authority Of Singapore Act (CAP. 186) ["MAS Act"]

Date 17/07/2012

On 28 June 2012, MAS reprimanded OANDA Asia Pacific Pte Ltd [“OAPPL”] for contravention of section 28A(2) of the MAS Act.