News Centre

FTX Founder Sam Bankman-Fried Sent to Jail As Bail Revoked Before Fraud Trial

Date 11/08/2023

Sam Bankman-Fried, founder of cryptocurrency exchange FTX, had his bail revoked by a U.S. federal judge ahead of his fraud trial. The decision was made following the prosecutors' allegations of witness tampering by the indicted founder.

CFTC Staff Extends Request for Comment on the Impact of Affiliations of Certain CFTC-Regulated Entities

Date 11/08/2023

Commodity Futures Trading Commission staff has extended the deadline for the request for comment on the impact of affiliations of certain CFTC-regulated entities until September 28, 2023. [See CFTC Press Release No. 8734-23]

More Companies’ Should Integrate ESG Into Their Overall Business Strategy – Chief Executive Officer, NGX Regulation, Ms Tinuade Awe

Date 11/08/2023

The Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Ms Tinuade Awe, has urged companies to incorporate Environmental, Social, and Governance (ESG) considerations into their overarching business strategies, emphasizing the importance of listed companies aligning their ESG reporting with their business objectives, data management, and governance practices.

Nigerian Exchange Weekly Market Report For August 11th, 2023

Date 11/08/2023

A total turnover of 1.741 billion shares worth N25.087 billion in 30,652 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.575 billion shares valued at N29.615 billion that exchanged hands last week in 37,713 deals.

BIS: An Impossibility Theorem On Truth-Telling In Fully Decentralised Systems

Date 11/08/2023

Smart contracts are self-executing programmable contracts between two or more parties. Smart contracts do not require a vetting authority because their legitimacy relies on decentralised ledger technologies. However, the implementation of many potentially useful smart contract applications depends upon verifying that some real-world event has taken place. This is a problem. Given its fully decentralised nature, how does a smart contract select what the true state of the world is?

US Treasury Imposes Sanctions On Russian Elites And A Russian Business Association

Date 11/08/2023

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new round of sanctions targeting prominent members of Russia’s financial elite, as well as a Russian business association. The four individuals targeted today include Petr Olegovich Aven, Mikhail Maratovich Fridman, German Borisovich Khan, and Alexey Viktorovich Kuzmichev, all of whom have served on the supervisory board of the Alfa Group Consortium (“Alfa Group”), one of the largest financial and investment conglomerates in Russia. These individuals were previously sanctioned by Australia, Canada, the European Union, New Zealand, and the United Kingdom.  

Moscow Exchange: Updated Constituents List For OFZ Zero Coupon Yield Curve To Come Into Force On 15 August 2023

Date 11/08/2023

On 15 August 2023, the following updated constituents list for OFZ Zero Coupon Yield Curve will come into force.

MIAX Sapphire Options Exchange - Technical Documents, Alerts, Website Support And Exchange Code Updates

Date 11/08/2023

As previously announced in our May 1, 2023 Alert, the target launch date for the MIAX Sapphire Options electronic exchange is Q1 2024, pending SEC approval. Technical documents, website support, important dates and exchange code information for the MIAX Sapphire Options Exchange are included below.

Share Of Investors In Financial Instrument Turnover On GPW In H1 2023

Date 11/08/2023

• Foreign investors generated 65 percent of GPW Main Market equities turnover in H1 2023 (+2 pps YoY), a record-high H1 share in a decade. Domestic individual investors generated 17 percent of turnover (-1 pps YoY) and institutional investors generated 18 percent (-1 pps YoY).
• Individual investors remained in the lead on NewConnect as their share in turnover was 85 percent (+2 pps YoY). The share of institutional investors decreased to 9 percent (-2 pps YoY). The share of foreign investors remained stable year on year at 6 percent in H1 2023.
• The share of individual investors in futures turnover decreased by 3 pps to 32 percent and the share of institutional investors increased by 3 pps to 32 percent in H1 2023. The share of foreign investors remained stable year on year at 36 percent.

SET Continues To Drive Potential Of Thai Family Businesses And Promote Ecosystem Development Towards Sustainability

Date 11/08/2023

Over 250 participants attended a seminar entitled "The 1st SET International Conference on Family Business: Family Business in the Changing World" organized by The Stock Exchange of Thailand (SET) during August 3-4, 2023. Both local and international experts shared viewpoints on driving successful businesses and paying attention to all dimensions in order to adapt to changes is a must. The results of the event survey among participants indicated that business structure and allocation of benefits for members in family business are the core issues and tackling them are the top priorities.