News Centre
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Qontigo & Eurex Discuss ICB Impact On STOXX Indices
Date 17/09/2020
In a recent PULSE ONLINE article, Qontigo’s Giulio Castelli and Zubin Ramdarshan from Eurex discussed the possible impact on STOXX indices and related derivatives after the first major overhaul of the Industry Classification Benchmark (ICB) in years.
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Response Of EEX: EEX And EPEX SPOT Respond To Consultation On EEG Amendment By Federal Ministry Of Economics And Energy
Date 17/09/2020
EEX and EPEX SPOT welcome the proposals towards further market integration of renewable energies. In particular, the removal of financial support in times of negative prices and the market integration of old installations leaving the support scheme after 20 years go into the right direction. Any extended support after 20 years should be strictly limited to micro installations up to 15kW with a maximum duration of three years.
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Borsa Istanbul: Launch Of Flexible USD/TRY Futures Contracts Creation And Trading Of USD/Ounce Gold Futures Contracts In After Hours Session And Changes Regarding The Derivatives Market Procedure - Flexible USD/TL Futures Contracts Will Commence Trading On The Derivatives And Options Market
Date 17/09/2020
Flexible USD/TRY Futures Contracts with user defined flexible expiries will commence trading on the 18th of September in Borsa İstanbul A.Ş. Derivatives Market. In addition to the standard contracts, investors will be able to choose the expiration date and manage their risk efficiently with the central counterparty service offered by Takasbank.
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Grupo CIMD Selects MDX Technology To Help Maximise Value From Data - Streamlines Data Collection, Storage And Distribution - Extends Reach To More External Third Parties
Date 17/09/2020
MDX Technology (MDXT), the leading provider of solutions to help data owners maximise the value of their data is pleased to announce that Grupo CIMD has gone live with MDXT’s data distribution solution. This is being implemented to support increasing client demand for flexible access to premium data by broadening distribution channels to market. MDXT is also the powerhouse behind IOWArocks, the global data marketplace for market data, reference data and alternative data.
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Hong Kong Securities And Futures Commission Reprimands And Fines The Bank Of East Asia, Limited $4.2 Million For Regulatory Breaches
Date 17/09/2020
The Securities and Futures Commission (SFC) has reprimanded The Bank of East Asia, Limited (BEA) and fined it $4.2 million for regulatory breaches related to its failure to segregate client securities.
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ESMA Renews Its Decision Requiring Net Short Position Holders To Report Positions Of 0.1% And Above
Date 17/09/2020
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority (NCA) if the position reaches or exceeds 0.1% of the issued share capital. The measure applies from 18 September 2020 for a period of three months.
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Exchange Of Letters Between The Bank Of England Governor And The Chancellor Regarding CPI Inflation - September 2020
Date 17/09/2020
If inflation moves away from the target by more than 1 percentage point in either direction, the Governor is required to send an open letter to the Chancellor explaining why inflation has moved away from target and what action the Bank is taking to bring inflation back to target.
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FTSE Russell China Government Bond Index Selected By CSOP Asset Management For Landmark ETF Listing
Date 17/09/2020
- The FTSE Chinese Government Bond Index (CGBI) will serve as the basis of China’s first onshore Bond ETF listed in Singapore
- Trading starts on 21 September on Singapore Exchange (SGX)
- Strong investor interest in CSOP Asset Management’s new ETF resulted in US$ 676 million [initial] seeding at the end of the subscription period
- China is world’s second largest bond market with c.$15 trillion [issued]
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Bank Of England: Bank Rate Maintained At 0.1% - September 2020 - Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting
Date 17/09/2020
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. In that context, its challenge at present is to respond to the economic and financial impact of the Covid-19 pandemic. At its meeting ending on 16 September 2020, the MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to continue with its existing programmes of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, maintaining the target for the total stock of these purchases at £745 billion.
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TFEX Gold Online Futures To List Addition Quarterly Contract Month Starting September 29, 2020
Date 17/09/2020
Thailand Futures Exchange PCL (TFEX) announced that from September 29 onward, Gold Online Futures contract specification will be adjusted by listing two nearest quarterly contract months (currently only 1 nearest quarterly contact month is listed). Together with the addition of the contract month, the inter-month spread margin will be applied for the spread position. This will facilitate market participants in adopting various trading strategies with better risk management.
