News Centre

EGX & Al-Nahda University Sign MoU For Financial Literacy

Date 09/12/2020

The Egyptian Exchange (EGX) signed a Memorandum of Understanding (MoU) with Al-Nahda University in Beni-Suef, for cooperation in raising financial literacy for the university students.  Dr. Mohammed Farid Saleh, Executive Chairman of EGX, and Dr. Hossam Al-Malahi, President of Al-Nahda University, signed the MoU in the presence of Dr. Mohammed Hani, Beni-Suef Governor and representatives from both parties.

S&P Global Ratings Affirms ВСS Credit Rating, Outlook ‘Positive’

Date 09/12/2020

• S&P revised its outlook for BCS Financial Group and its operating subsidiaries (BCS in totality) from ‘stable’ to ‘positive.’ S&P also re-affirmed issuer credit ratings of ‘В/В’ for FG BCS and ‘B+/B’ for its operating subsidiaries, including BrokerCreditService (Cyprus) Ltd., BrokerCreditService Structured Products PLC, and BCS Prime Brokerage Ltd.
• The positive operating environment is a key driver for BCS product development and delivery
• BCS’s diversification strategy will drive stable commission revenue stream

Bringing Automation And Increased Efficiency To Post Trade Processing - LPA Cloud Solution Supports Commerzbank For Post Trade Digitalization

Date 09/12/2020

• Post trade digitalization solution increases flexibility and additional security to capital markets businesses.
• Co-innovation process between LPA Group and Commerzbank to create “Capmatix Post-Trade”

Contis Joins Forces With Mastercard As Principal Issuing Member In Europe

Date 09/12/2020

Leading European payments fintech Contis today announced its partnership with Mastercard as a principal issuing member. Through this partnership, Contis delivers a comprehensive end-to-end Banking-as-a-Service (BaaS) platform including direct access to both of the world’s leading global payments networks, accepted by millions of merchants worldwide.

Euronext Welcomes 2MX Organic On Its Parisian Market: The Second SPAC Listed In France - 300 Million Euros Raised

Date 09/12/2020

Euronext today congratulated 2MX Organic, company founded by Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari aimed at realizing acquisitions acquisitions in the production and distribution of sustainable consumer goods, for its listing on the professional compartment of Euronext’s regulated market in Paris (ticker code Shares: 2MX, ticker code Warrants: 2MXBS).

Bursa Malaysia: Winners Of Inaugural Investhack Hackathon Find Innovative Ways To Create Impactful Solutions For Retail Investors In The Marketplace

Date 09/12/2020

The inaugural InvestHack hackathon, hosted by Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) in partnership with CGS-CIMB Securities Sdn Bhd (“CGS-CIMB”), saw a total of 75 teams comprising 250 individuals create and present potential innovative solutions to enhance retail participation in the marketplace.  

Two World’s First Solactive Fixed Income Indices Going Beyond Paris Aligned Benchmark Requirements Are Utilized By Robeco

Date 09/12/2020

In early 2020, Solactive issued the world‘s first Fixed Income indices, which were entirely in line with the, by that time, provisional requirements for Paris Aligned Benchmarks set by the European Commission. The development of the indices marked a giant leap towards a low-carbon economy and a sustainable future. Dutch Asset Manager Robeco utilized Solactive’s expertise in the area of Paris-aligned fixed income indexing and co-designed an innovative family of climate indices, including both corporate and government debt. These new corporate bond indices exceed the requirements of the European Commission for Paris Aligned Benchmarks, and the government bond index not only reduces its carbon footprint but also includes a 7% annual self-decarbonization trajectory. Using these indices, Robeco is taking a global leadership role in Paris-aligned Fixed Income investments. The co-developed indices will serve as Robeco’s guiding benchmarks for two actively managed strategies that are fully compliant with the Paris Agreement.

14 Teams Win £125,000 To Quickly Scale Solutions Supporting Workers Impacted By Covid-19

Date 09/12/2020

• Nesta’s £3m Rapid Recovery Challenge aims to improve access to jobs and financial support for those impacted by COVID-19, by helping organisations to quickly scale solutions to reach even more people in need.
• The Department for Work and Pensions (DWP), via the Money and Pensions Service (MaPS), provided additional funding which enabled Nesta to increase the number of semi-finalists from 12 to 14, with each team receiving £125,000 to help them scale at speed.
• Semi-finalists revealed whose solutions support various vulnerable groups and range from tools that help people identify and develop transferable skills to find new work, to digital and personalised support to navigate benefits, bills and personal finances.
• In addition to the prize money, semi-finalists will also receive additional training and support to develop and grow their solution, with six finalists to be announced in spring 2021.

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

Date 09/12/2020

As per the Securities market risk parameters methodology, on 09.12.2020, 10-34 (MSK) the upper bound of the price band (up to 3354) and initial margins (up to 15 %) for the security PFE-RM were changed. New values are available here

Survey Reveals Need For Specialist Data Science Skills In Financial Industry

Date 09/12/2020

There is an industry-wide need for specialist data science skills to match the growing appetite for meaningful data insights and greater data consumption, according to a survey by SIX among 113 representatives from buy-side and sell-side firms, exchanges, regulatory bodies and other organisations.