News Centre

gk-fx.co: BaFin Investigates GKFX LLC

Date 22/11/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to make clear that GKFX LLC does not have authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin and is not affiliated with the supervised company Trive Financial Services Malta Limited, which operates the website gkfx.de. The information provided on the company’s website, gk-fx.co, gives reasonable grounds to suspect that GKFX LLC is conducting banking business and providing financial services in the Federal Republic of Germany without the required authorisation.

BIS: Inflation Risk And The Labor Market: Beneath The Surface Of A Flat Phillips Curve

Date 22/11/2022

Summary

Focus 

After the Great Financial Crisis, the labour market's influence on inflation decreased, largely due to anchoring of expectations and workers' reduced bargaining power. This paper studies whether perceived inflation risk, as gauged from inflation options, was more attuned to employment conditions. That is, did a tight labour market raise the perceived likelihood that inflation could overshoot expectations, even as realised inflation stayed subdued?

Securities Commission Of The Bahamas Secures Court Order For Right Of Indemnity And Reimbursement FTX Digital Markets Ltd.

Date 22/11/2022

On 21 November 2022, the Securities Commission of The Bahamas (“the Commission”) obtained an Order from the Supreme Court of The Bahamas (the “Order”) to secure a right of indemnity and right to be reimbursed for expenses reasonably incurred by the Commission in connection with the regulatory action taken to safeguard the digital assets of FTX Digital Markets Ltd. (“FDM”). 

HKEX: Adjustment Of Tencent Structured Products, Futures And Options

Date 22/11/2022

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Tencent Holdings Ltd (Tencent) structured products, futures and options to account for Tencent’s special interim dividend issuance.

Smart Centres Index 6: US And Asia/Pacific Centres Performing Strongly In Technology And Innovation

Date 22/11/2022

The Smart Centres Index explores the ability of global commercial centres to create, develop, and deploy technology. Leading centres in the SCI are based in places which combine an innovative, cultural centre with a high-performing university sector across STEM subjects, supported by a well-developed regulatory, commercial, and financial services.

Quant And UST Partner To Accelerate The Adoption Of Institutional Digital Assets Across Financial Services - Partnership Empowers Banks And Capital Market Participants To Tokenise Existing Asset Classes And Issue Interoperable Digital Assets, Creating New Business Opportunities And Revenue Streams Quickly And Easily

Date 22/11/2022

Quant, the blockchain for finance pioneer, has partnered with UST, a leading digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants.

UK Financial Conduct Authority: Improvements Needed To The Credit Information Market To Deliver Better Lending Decisions For Borrowers

Date 22/11/2022

The Financial Conduct Authority (FCA) has set out proposals to improve the credit information sector so it can deliver higher quality and more comprehensive information for consumers and firms.

Avelacom Joins STAC Benchmark Council To Help Develop Best Practices For Latency Optimisation - Avelacom Will Contribute To Benchmark Specifications For Accessing Public Clouds, Which Are Becoming Widely Used By Financial Institutions

Date 22/11/2022

Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, today announces that it has become a member of the STAC Benchmark Council™

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

Date 22/11/2022

The Securities and Futures Commission (SFC) today published consultation conclusions and began a further consultation on proposed changes to the position limit regime.

In First Engagement With Solactive, Phillip Capital Launches First Hong Kong Listed ETF, Tracking Solactive Index Focusing On Hong Kong IPOs

Date 22/11/2022

The Initial Public Offering (IPO) is the first listing of a company’s shares on the stock market offering them to the public. Going public, amongst other aspects, makes it possible for firms to raise additional capital for numerous projects fueling their growth. Investors looking for companies that recently had their IPO, often seek high return potentials based on future growth prospects that might not have been reflected in valuations yet. Also, newly listed companies can generally be considered innovative, either being active in modern business sectors, or offering a disruptive approach to established industries. In this context, Solactive is pleased to announce that Phillip Capital Management (HK) LTD has launched the Phillip HK Newly Listed Equities Index ETF, tracking a Solactive index. The fund is the first engagement of the asset manager in the Hong Kong ETF market. At the same time, Hong Kong itself is one of the world’s leading IPO markets, and this ETF is the first of its kind to take advantage of this vibrant environment.