News Centre

Arab Federation Of Exchanges Honors EGX’s Chairman For Chairing The Federation During The Last Period

Date 06/05/2021

The Arab Federation of Exchanges (AFE) honored Dr. Mohamed Farid Saleh, Executive Chairman of the Egyptian Exchange (EGX) and former Chairman of the Arab Federation of Exchanges for his previous period of chairmanship of the AFE during the past 2 years, from March 2019 to April 2021.

New Research Finds A Majority Of Institutional Investors Believe The Nasdaq Next Generation 100 Index Will Outperform The Nasdaq-100

Date 06/05/2021

New research commissioned by Invesco has found a majority (58%) of European institutional investors believe the Nasdaq Next Generation 100 Index will outperform the Nasdaq-100 over the next three years. Of this, more than a quarter (29%) think this is very likely. The Nasdaq Next Generation index, launched in August last year, offers targeted exposure to the eligible 101st to 200th largest securities listed on the Nasdaq stock market.

Dubai Financial Market Market Holiday - Eid Al AlFitr 2021

Date 06/05/2021

In the occasion of Eid Al AlFitr 2021 – 1442 H , the market will be closed on the 29th of Ramadan dated 11th May 2021 and till the 3rd of Shawal 1442 H. Work shall resume officially on Sunday 16th May 2021.

Liquidnet Market Structure: Landscape Report

Date 06/05/2021

Despite some moderate fluctuations in the market share of auctions and SIs, the postBrexit liquidity landscape continues to be stable with daily volumes traded averaging €56B in March up from an average of €43B in Q4 2020 (see Exhibit 1). However, the regulatory agenda for 2021/22 is set to keep the industry busy for near future, with the intention to revisit financial regulation both in the EU and the UK. The recent announcement by HM Treasury¹ to remove the Share Trading Obligation and the Double Volume Cap emphasizes the extent to which initial divergence appears inevitable. The FCA kicked off a series of consultation papers (CP) in April with the Conduct and Organisational requirements.² This will be followed by the Wholesale Markets Review in June, and then the MiFID/R review from ESMA CP in July, which will focus on proposed changes to RTS 1 and 2.

BME: EBN Banco Debuts On MARF With A New 100 Million Euro Commercial Paper Programme

Date 06/05/2021

MARF, BME’s Fixed Income market, today admitted the first Commercial Paper (CP) Programme of EBN Banco de Negocios for trading. EBN thus expands its investment product offering aimed at its institutional clients and will access new qualified investors to place CPs up to a maximum outstanding balance of 100 million euros. The CPs to be issued will have a nominal value per unit of 100,000 euros and maturities ranging from 3 days to 2 years.

SET Market Report For April 2021

Date 06/05/2021

During January – April, a number of countries, particularly the advanced ones, provided COVID-19 vaccines to their citizens to achieve herd immunity, correspondingly the International Monetary Fund (IMF)’s forecast indicated the world economy is bouncing back with an upward revision of the global economic outlook to 6.0 percent from 5.5 percent. The new wave of the COVID-19 pandemic in Thailand has prompted economists to slightly lower Thailand’s GDP growth projection as the strong recovery sign of exports during Q1/2021 helped offset some impacts from the outbreak. In addition, securities analysts have continued to raise Thai listed companies’ earnings forecasts. 

UAE Securities And Commodities Authority Announces Eid Al-Fitr Holiday For Financial Markets

Date 06/05/2021

According to circular no. 7 of 2021 issued by the Federal Authority for Government Human Resources concerning Eid Al-Fitr holiday for ministries and federal government bodies, the Securities and Commodities Authority (SCA) declared that financial markets will close for Eid holiday from Ramadan 29 until Shawwal 3, 1442 Hijri, according to the Islamic calendar and the corresponding dates on the Gregorian calendar. Markets will reopen on Sunday, May 16.

Moscow Exchange: Risk Parameters Change For The Security PFE-RM

Date 06/05/2021

As per the Securities market risk parameters methodology, on 06.05.2021, 11-40 (MSK) the lower bound of the price band (up to 2759) and initial margins (up to 15 %) for the security PFE-RM were changed. New values are available here

BCS Global Markets Boosts Structured Products Team

Date 06/05/2021

BCS Global Markets (“BCS GM”), the investment banking services division of Russia’s largest independent broker, has announced the appointment of Konstantin Pavlov and Ekaterina Naumova as co-heads of the firm’s Structured Product team.

HKEX Monthly Market Highlights

Date 06/05/2021

HIGHLIGHTS 

- Securities Market

• Market capitalisation was $53.4 trillion at the end of April 2021, an increase of 53 per cent from $35.0 trillion for the same period last year.
• The average daily turnover in April 2021 was $155.7 billion, an increase of 55 per cent from $100.5 billion for the same period last year.
• The average daily turnover for the first four months of 2021 was $208.1 billion, an increase of 79 per cent when compared with $116.1 billion for the same period last year.
• The average daily turnover of derivative warrants for the first four months of 2021 was $13.8 billion, an increase of 77 per cent when compared with $7.8 billion for the same period last year.
• The average daily turnover of CBBCs for the first four months of 2021 was $11.0 billion, an increase of 16 per cent when compared with $9.5 billion for the same period last year.
• The average daily turnover of ETFs for the first four months of 2021 was $6.5 billion, an increase of 10 per cent when compared with $5.9 billion for the same period last year.
• The average daily turnover of Debt Securities for the first four months of 2021 was $0.38 billion, an increase of 52 per cent when compared with $0.25 billion for the same period last year.
• Funds raised through IPOs for the first four months of 2021 was $155.1 billion, an increase of 752 per cent when compared with $18.2 billion for the same period last year.
• Total funds raised for the first four months of 2021 was $346.8 billion, an increase of 197 per cent when compared with $116.9 billion for the same period last year.