News Centre

Dubai Financial Services Authority Crypto Token Regime Comes Into Force

Date 01/11/2022

The Dubai Financial Services Authority’s (DFSA) Crypto Token regime comes into force today. This regime forms the second phase of the DFSA’s work in this area following the introduction of a regime in the Dubai International Financial Centre (DIFC) for the Regulation of Investment Tokens in October 2021.

The UAE Securities & Commodities Authority Wins The Prize Of Organizational Culture Of Innovation - An International Experts Committee Assessed The Submitted Initiatives According To The International Standards For Practices Assessment

Date 01/11/2022

The Securities & Commodities Authority won the prize of organizational culture of innovation granted by the Center for Organizational Excellence Research in New Zealand, within the framework of the conference on the competition of the best international practices. H.E. Dr. Maryam Buti Al Suwaidi, the SCA's CEO, received the certificate of excellence in organizational culture of innovation from Dr. Robin Mann, the Center's manager, in presence of H.E. Mohamed Khalifa Al Hadari, the Duty CEO for Supporting Services, at the end of the meeting held in the SCA's headquarter in Abu Dhabi between the two parties' representatives. During that meeting, the best global practices were discussed concerning organizational excellence and modern trends in this field.

Singapore And China Strengthen Cooperation In Green Finance And Capital Market Linkages

Date 01/11/2022

The Monetary Authority of Singapore (“MAS”) today announced new initiatives to expand cooperation in green finance and deepen capital market linkages with China. The initiatives were discussed at the 18th Joint Council for Bilateral Cooperation (“JCBC”) in Singapore, co-chaired by Singapore Deputy Prime Minister and Coordinating Minister for Economic Policies, Mr Heng Swee Keat, and People’s Republic of China Executive Vice Premier of the State Council, Mr Han Zheng. 

Egypt Wins Membership Of The Board Of Directors Of The Arab Federation Of Exchanges For The North African Markets

Date 01/11/2022

The Egyptian Exchange (EGX) won a board seat of the Arab Federation of Capital Markets (AFCM), representing the North African markets, with 23 votes out of a total of 24 votes.

LoopFX, A Groundbreaking Peer-To-Peer Foreign Exchange Trading Venue, Launches Pilot Phase

Date 01/11/2022

• New venue for large spot FX trades with a unique Peer-To-Peer solution
• Improves execution outcomes by centralising Peer-To-Peer buyside matching with bank interest
• Backed by John Sievwright, Ivan Ritossa, Mike Soutar, Tim Ewington, and Martin Gilbert
• Pilot phase launch in December 2022, full launch in H2 2023

Shanghai International Energy Exchange Has Released Its Circular On Approving PT. HOK TONG To Change TSR 20 Product Belt Design

Date 01/11/2022

Shanghai International Energy Exchange has released its Circular on Approving PT. HOK TONG to Change TSR 20 Product Belt Design as follows:

TP ICAP GROUP PLC: Trading Update For The Nine Months Ended 30 September 2022

Date 01/11/2022

Total Group revenue of £1,588m in the first nine months of 2022 was up 10% (+15% in reported currency), compared with the same period in 2021. The Group benefitted from favourable market conditions in Global Broking, particularly in Rates, our largest, and most profitable, asset class. The ongoing strengthening of the US Dollar has been a meaningful tailwind: approximately 60% of the Group’s revenue (and approximately 40% of costs) are US Dollar denominated. Excluding Liquidnet (completed on 23 March 2021), revenue increased by 7% (+12%).

Japan Exchange Group Trading Overview In October 2022

Date 01/11/2022

Japan Exchange Group released Trading Overview in October 2022.

Tokyo Financial Exchange Trading Volume In October 2022

Date 01/11/2022

(1) FX Daily Futures contracts(Click 365)

The total trading volume of FX Daily Futures contracts (Click 365) was 3,617,157 ( +0.4% MoM / +46.9% YoY ) and its average daily trading volume was 172,247 . 

Dubai Financial Services Authority: Notice Of Initial List Of Recognised Crypto Tokens

Date 01/11/2022

The DFSA hereby gives notice that:

In accordance with GEN Rule 3A.4.1 of the DFSA Rulebook, the following Crypto Tokens are recognised by the DFSA:

1.          Bitcoin (BTC);

2.          Ethereum (ETH); and

3.          Litecoin (LTC).