News Centre

Dream Exchange, First Minority Owned Stock Exchange Releases Anthem, "Dream Again"

Date 05/06/2023

Dream Exchange is pleased to announce the release of its anthem, "Dream Again" created by internationally acclaimed musician and saxophonist Mike Phillips. This upbeat and inspiring song captures the spirit of Dream Exchange's goal to better serve all people using the power of our financial system by expanding access to a purpose-driven capital market that instills trust, humanity, and fairness into finance.

Intercontinental Exchange Reports May 2023 Statistics

Date 05/06/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported May 2023 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

Tradeweb Reports May 2023 Total Trading Volume Of $29.4 Trillion And Average Daily Volume Of $1.35 Trillion - May 2023 ADV Up 14.1% YoY

Date 05/06/2023

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 May 2023 of $29.4 trillion (tn). Average daily volume (ADV) for the month was $1.35tn, an increase of 14.1 percent (%) year-over-year (YoY).

7th Consecutive Week Of Outflow, Profit Taking Rather Than Downshift In Sentiment Likely - CoinShares: Fund Flows

Date 05/06/2023

• Digital asset investment products saw outflows totalling US$62m, marking the 7th consecutive week of outflows that now totals US$329m.
• Tron, the smart contracting platform, was the primary focus, seeing outflows totalling US$51m last week.
• We believe investors have been taking profits and exiting short positions rather than the recent outflows representing a structural downshift in sentiment for bitcoin.

UK Financial Conduct Authority Fines ED&F Man Capital Markets Ltd £17.2m For Serious Failings Which Enabled Millions In Illegitimate Tax Reclaims

Date 05/06/2023

The FCA has fined ED&F Man Capital Markets Ltd (‘MCM’) £17,219,300 for serious failings in its oversight of cum-ex trading. These failings allowed MCM to collect fees for trading strategies designed to enable its clients to illegitimately reclaim tax from the Danish authorities.

FSB Holds 2023 Roundtable On External Audit

Date 05/06/2023

The Financial Stability Board (FSB) held the 2023 Roundtable on External Audit on 1–2 June in Madrid, Spain. Margarita Delgado, Deputy Governor of the Banco de España, chaired the in-person meeting. Participants comprised senior representatives from FSB member authorities, regulatory bodies, audit oversight bodies, the International Forum of Independent Audit Regulators (IFIAR), the Committee of European Auditing Oversight Bodies (CEAOB), the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA) and its oversight body the Public Interest Oversight Board (PIOB), and the six largest global audit networks.

HKEX Announces List Of Dual Counter Securities And DCMMs

Date 05/06/2023

With reference to the Exchange Circular (Ref: CT/064/23) dated 19 May 2023, following the successful completion of the End-to-End test session until 2 June 2023 and the practice sessions on 27 May 2023 and 3 June 2023, the Exchange is pleased to announce that the HKD-RMB Dual Counter Model (“Dual Counter Model”) will be launched on 19 June 2023 (Monday). Exchange Participants (“EPs”) are requested to note that a Post Release Test (“PRT”) for EPs will be held on 17 June 2023 (Saturday). EPs are strongly encouraged to participate in the PRT and those who wish to participate are required to complete the registration form in Attachment 1 and return it to the Exchange on or before 14 June 2023 (Wednesday). Detailed activity rundown for the PRT will be sent to the registered EPs by 15 June 2023 (Thursday).

Hong Kong Securities And Futures Commission Concludes Consultation On The Position Limit Regime

Date 05/06/2023

The Securities and Futures Commission (SFC) today published conclusions to its further consultation on proposed changes to the position limit regime for the derivatives market. These include imposing obligations on asset managers who manage funds or sub-funds of umbrella funds and amending the Securities and Futures (Contracts Limits and Reportable Positions) Rules in response to HKEX’s proposed enhancements to its position limit regime.

New Amsterdam Invest N.V. Lists On Euronext Amsterdam Through de-SPAC

Date 05/06/2023

• Listed through a business combination transaction with Somerset Park B.V.

Qatar Stock Exchange Announces The Issuance Of The Amended Version Of The QSE Rules Book

Date 05/06/2023

Qatar Stock Exchange announces the issuance of the amended version of the QSE Rules Book on the Qatar Stock Exchange, approved by the Qatar Financial Markets Authority, to be implemented as of Thursday, June 8, 2023.