News Centre

UK Financial Conduct Authority Bans Geoffrey Armin For Failures In Advice Given To British Steel Pension Scheme Members, With £200k To Be Paid In Compensation

Date 03/11/2023

The Financial Conduct Authority (FCA) has banned Geoffrey Armin from advising customers on pension transfers and pension opt outs, and from holding any senior management function in a regulated firm.

ACER: Cross-Border Capacity And Market Integration Are Essential For Electricity Wholesale Market Resilience

Date 03/11/2023

Today, ACER releases its report on the progress of EU electricity wholesale market integration, which is part of the 2023 Market Monitoring Report series.

Tradeweb Reports October 2023 Total Trading Volume Of $37.2 Trillion And Record Average Daily Volume Of $1.75 Trillion - October 2023 ADV Up 66.3% YoY

Date 03/11/2023

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for October 2023 of $37.2 trillion (tn). Average daily volume (ADV) for the month was a record $1.75tn, an increase of 66.3 percent (%) year-over-year (YoY).

Cboe Global Markets, Inc. - Third Quarter 2023 Earnings Call

Date 03/11/2023

3Q23: Record Net Revenue and Adjusted Earnings

Net revenues grew 9% Y/Y, a product of continued strong transaction and non-transaction growth

15% increase in Derivatives Markets organic net revenue

• ADV up 28% in index options and 2% in multi-listed options

9% increase in Data and Access Solutions organic net revenue

• Continued expansion in transaction capabilities drove increased access and capacity units 
• Comprehensive suite of data solutions across geographies and asset classes translated to strong user and unit growth

6% decrease in Cash and Spot Markets organic net revenue

• FX ADNV up 8% y/y and market share up 2.4% to a record 20.2% 
• Lower industry volumes in equities weighed on transaction revenues

UK Financial Conduct Authority: Financial Regulator Secures Confiscation Order Against Convicted CFO

Date 03/11/2023

On 2 November 2023, Southwark Crown Court imposed a Confiscation Order of £355,369 against Timothy Coleman, former Chief Financial Officer of Redcentric Plc, following his convictions in February 2022 for false accounting and making misleading statements to the market.

HKEX: Update On Consultation On Enhancement Of Climate Disclosures Under ESG Framework

Date 03/11/2023

In April 2023, the Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited published a consultation paper (Consultation Paper) seeking market feedback on proposals to enhance climate-related disclosures under its environmental, social and governance (ESG) framework, with a proposed implementation date of 1 January 2024.

Investor Activity On GPW Group Markets – October 2023

Date 03/11/2023

• GPW Main Market Electronic Order Book[1] equities turnover value increased by 53.3% YoY to PLN 30.1 billion
• NewConnect Electronic Order Book equities turnover value increased by 71.1% YoY to PLN 182.8 million
• Index futures turnover volume increased by 3.2% YoY to 893,300 contracts
• Aggregate ETF and ETC turnover value increased by 90.0% YoY to PLN 144.8 million
• Electricity turnover volume increased by 70.7% YoY to 13.7 TWh
• Natural gas turnover volume increased by 0.9% YoY to 10.5 TWh

UAE Securities And Commodities Authority Takes Part In The UAE Flag Day Celebrations

Date 03/11/2023

The Securities and Commodities Authority (SCA) took part in the UAE Flag Day celebrations. Her Excellency Dr. Maryam Al Suwaidi, the SCA’s CEO, hoisted the UAE flag at the SCA’s Dubai branch in the presence of department directors, section heads, and the SCA staff.

HKEX: Reduction Of Stamp Duty On Stock Transactions

Date 03/11/2023

Exchange Participants (EPs) are requested to note that the Government published in The Gazette the “Stamp Duty (Amendment) (Stock Transfers) Bill 2023” (the Bill) on 25 October 2023. Subject to passage of the Bill by the Legislative Council (LegCo) and promulgation of the Ordinance in the Gazette, the rate of stamp duty chargeable on a contract note for the sale or purchase of any Hong Kong stock (not being jobbing business) will be reduced from 0.13% to 0.1% (“stamp duty reduction”). 

UAE Securities And Commodities Authority Takes Part In The UAE Flag Day Celebration

Date 03/11/2023

The Securities and Commodities Authority (SCA) took part in the UAE Flag Day celebrations. Her Excellency Dr. Maryam Al Suwaidi, the SCA’s CEO, hoisted the UAE flag at the SCA’s Dubai branch in the presence of department directors, section heads, and the SCA staff.