News Centre

ACER Calls For European Solidarity Over The Coming Winter To Keep Electricity And Gas Flowing Across EU Member State Borders

Date 25/10/2022

ACER sees the coming months as a likely key ‘make or break’ moment for EU energy market integration; one where fully making available cross-border capacities for gas and electricity flows will prove key.

BETTER FINANCE Applauds And Supports Proposed Ban On Sales Commissions Paid To Retail Distributors Of Investment Products

Date 25/10/2022

BETTER FINANCE considers the recent proposal to ban “inducements” (commissions) in “retail” investment services to be a very significant milestone in investor protection and firmly urges EU Member States to also support it.

LuxSE Partners With BFF Bank To Introduce New Post-Trade Model

Date 25/10/2022

The Luxembourg Stock Exchange (LuxSE) today announced the launch of its new post-trade model for trades made on LuxSE’s markets. This new settlement process was made possible thanks to the exchange’s partnership with BFF Bank, the largest independent specialty finance in Italy and a leading player in Europe, specialised in securities services, banking and corporate payments and in the management of trade receivables.

TAIFEX Re-Granted CFTC’s Commission Certification For TAIEX Futures And Mini-TAIEX Futures Contracts

Date 25/10/2022

The Taiwan Futures Exchange’s (TAIFEX) TAIEX Futures (TX) and Mini-TAIEX Futures (MTX) contracts received Commission Certification from the U.S. Commodity Futures Trading Commission (CFTC) on October 24, and can now be offered and sold to U.S. persons.

The Amman Stock Exchange Requests Listed Companies To File The Interim Financial Statements Of The Third Quarter 2022 Before The End Of October.

Date 25/10/2022

Mr. Mazen Wathaifi the Chief Executive Officer of Amman Stock Exchange (ASE) said that the ASE requests listed companies to submit their interim financial statements reports for the period ended September 30, 2022, through the e- disclosure System XBRL, prior to the end of this month October, 2022.

Dubai Financial Market Welcomes Switzerland’s Leading Online Bank “Swissquote” In A Drive To Expand Market Access

Date 25/10/2022

• Swissquote places DFM’s listed securities on the radar of its clients from October 25th, 2022
• Hamed Ali: “Wide-ranging plan to take market accessibility to new pinnacles by increasing the number of technology-driven members”
• Jacques Barakat: “Giving our clients direct access to DFM’s growing investment opportunities is of strategic importance for our group”

UK Financial Conduct Authority Launches Discussion On Competition Impacts Of Big Tech On Financial Services Industry

Date 25/10/2022

The FCA is seeking views on the potential competition benefits and harms from Big Tech firms’ entry into a range of retail financial services sectors.

Broadridge Fully Automates Corporate Action And Dividend Events, Managed Through Euroclear CREST

Date 25/10/2022

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announced today that it will enable clients to better automate the processing of Corporate Action and Dividends events managed through the Euroclear CREST platform. The new solution capabilities further enable financial institutions to simplify and automate their corporate actions processing while reducing the risk and complexity across their business. This service includes event creation, instruction management and payments processing and settlement, thereby reducing risk associated with human error and providing significant cost savings for clients.

HKEX: Exchange Publishes New Guidance Note On Cooperation And Updated Sanctions Statement

Date 25/10/2022

• The new Guidance Note on Cooperation clarifies expectations regarding cooperation, including the importance of timely engagement with the Exchange
• The updated Sanctions Statement provides additional detailed guidance on a listed issuer’s internal controls

Trading Challenges As The Equities Market Becomes Desensitized To Heightened Volatility: Jeff O’Connor, Head Of Market Structure, Americas, Liquidnet

Date 25/10/2022

Commenting on the difficult trading conditions and challenges traders are facing as the equities market becomes desensitized to heightened volatility, Jeff O’Connor, Head of Market Structure, Americas, for Liquidnet, said: “As earning season gets underway, trading desks are facing once in a generation headwinds as economic conditions tighten. Traders are not only having to contend with heightened risk but also difficult markets that are not behaving as they have done in the past.   The VIX for example, sitting at high levels, but not triggering the type of historical reaction to 3%+ moves in the major equity indexes.  The market has become accustomed to the real price volatility, almost desensitized to it.  And the wild moves are making trading conditions that much more difficult.