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SWIFT Sharia Compliant For Murabaha - AAOIFI Certification Enables The Automated Processing Of Murabaha Treasury Transactions

Date 25/11/2010

SWIFT today announced that ISO 15022 message standards for the processing of treasury Murabaha transactions have been certified compliant with the international Islamic finance standards issued by AAOIFI (Accounting and Auditing Organisation for Islamic Financial Institutions). This certification paves the way towards the automated processing of Murabaha treasury transactions, which reportedly represent 60% of all Islamic financing.
European Parliament: New Financial Market Supervision System Signed Into Law

Date 25/11/2010

The President of the European Parliament, Jerzy Buzek, and Belgium's State Secretary for European Affairs, Olivier Chastel, on Wednesday formally signed into law the financial supervision package, which will establish new authorities oversee the operation of banks, securities markets and insurance companies, as well as monitoring the build up of risk in the economic system as a whole.
Overseas Investor Trading In HKEx Derivatives Market Reaches Five-Year High

Date 25/11/2010

Hong Kong Exchanges and Clearing Limited’s (HKEx) Derivatives Market Transaction Survey 2009/10 (covering the period from July 2009 to June 2010) found that the contribution of overseas investors (primarily institutions) to the trading in HKEx’s derivatives (futures and options) market reached the highest level in the recent five years. This made the three-pillar support for derivatives trading stronger — half by Exchange Participants’ (EPs) principal trading and the other half eq
Goldman Sachs Is A New ETF Provider On Xetra New Hedge Fund - Replication ETF Tradable On Xetra

Date 25/11/2010

An ETF issued by Goldman Sachs Structured Investments II SICAV has been tradable on Xetra for the first time since Tuesday.
HKEx Website To Carry Exchange Rates For Calculation Of Stamp Duty And Other Trading-Related Fees On RMB And USD Transactions In HKEx’s Securities Market

Date 25/11/2010

Hong Kong Exchanges and Clearing Limited (HKEx) will publish information about the exchange rates for Hong Kong dollars (HKD) against renminbi (RMB)* and US dollars (USD) on its website commencing from 29 November 2010 for calculation of stamp duty and other trading-related fees, including transaction levy, investor compensation levy (currently exempted) and trading fee, on transactions in the respective currencies in its securities market.

Thai Bourse Prepares For Sponsor-Based Listing Process

Date 25/11/2010

The Stock Exchange of Thailand (SET) held a seminar on “Sponsor-based listing process – the move forward for capital markets,” aiming at exchanging viewpoints among related parties in the Thai and Asian capital markets. The seminar was to prepare for sponsor-supervised regulation listing, using disclosure-based principles, to support entrepreneurs with high growth potential to raise funds through the capital market and develop the Thai capital market’s international competitiveness.
UK's Financial Services Authority Charges Five Individuals With Insider Dealing

Date 25/11/2010

Five individuals, including two former directors and one former senior trader of Blue Index Limited (Blue Index), a specialist Contract for Difference (CFD) brokerage, have been charged by the Financial Services Authority (FSA) with 17 counts of insider dealing, contrary to section 52 of the Criminal Justice Act 1993.
HKFE Announces Revised Margins For CNOOC Futures

Date 25/11/2010

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 29 November 2010, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. The adjustments are based on the clearing company's normal procedures and standard margi
Transparency Is The Basic Prerequisite For Investor Protection - Numerous Financial Experts At Boerse Stuttgart's 4th MiFIDConference Discuss Developments And Effects Of The EU Directive

Date 25/11/2010

All experts concurred that the harmonisation of the European financial market is inevitable. There was also a consensus that there must be no compromises as regards transparency when it comes to the execution of orders placed by private investors.
Tokyo Commodity Exchange: Circuit Breakers For December 2010

Date 25/11/2010

CB Trigger Levels &n