News Centre

China Continues To Top Asia-Pacific M&A Deal Activity During Q3 2020, Finds GlobalData

Date 10/11/2020

Mergers and acquisitions (M&A) deal activity in the Asia-Pacific (APAC) region remained inconsistent during the third quarter (Q3) of 2020. However, China continue to top the region both in terms of volume as well as value, according to GlobalData, a leading data and analytics company.

BlueShore Signs For Temenos Infinity Engage As SaaS To Gain Human Connection In The Digital Era

Date 10/11/2020

• With Temenos Infinity Engage, BlueShore will empower its employees and offer personalized client experiences in the age of physical distancing
• Temenos’ state of the art mobile messaging app will help BlueShore create a more seamless initial client contact interaction, while offering a more personal digital experience than chatbots
• Financial institutions that use Temenos Infinity Engage report a 20% higher Net Promoter Score

US Securities Available For Trading On MOEX On 11 November

Date 10/11/2020

On 11 November 2020 (Veterans Day in the US), Moscow Exchange will keep its markets open for trading of shares and depositary receipts of US companies in its central order books.

Securities Commission Malaysia And Bursa Malaysia: Enhanced General Mandate For Pro Rata Rights Issue To Expedite Secondary Fund Raising For Eligible Listed Issuers

Date 10/11/2020

The Securities Commission Malaysia (SC) and Bursa Malaysia (Bursa Malaysia) announced today a temporary relief measure allowing eligible listed issuers to obtain mandated shareholder approval at a general meeting to undertake rights issue exercises.  

Tradition Facilitates First Bilaterally-Brokered CAD/USD Swap Trade Using LCH SwapAgent

Date 10/11/2020

Tradition, one of the world’s largest interdealer brokers in over-the-counter commodity and financial products, has facilitated the first, brokered CAD/USD cross-currency swap trade using LCH SwapAgent.

Intercontinental Exchange Announces Three Companies Agree To Explore Pricing US Crude Exports To Asia Using ICE Murban Futures

Date 10/11/2020

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announces that ICE Futures Abu Dhabi (IFAD) and the Abu Dhabi National Oil Company (ADNOC) have signed Memorandum of Understandings (MOUs) with Occidental Energy Marketing, Inc., a subsidiary of Occidental; Chevron U.S.A. Inc.; and Trafigura, under which each company has agreed to explore potential opportunities to price US crude exports to Asia off the ICE Murban Futures contract.

Moscow Exchange Upgrades Support For Market Makers

Date 10/11/2020

From 9 November 2020, Moscow Exchange’s market-making programs for derivatives have been updated to include new terms and conditions designed to facilitate uninterrupted quotation at times of high volatility and to provide additional support for market makers.

Reconciliations Industry Pioneer To Join Gresham As Business Development Director

Date 10/11/2020

Dr. Christian Schiebl, formerly Chief Operating Officer of SmartStream and CEO of the Corona reconciliations business, has joined leading global fintech Gresham Technologies plc (Gresham) as Group Business Development Director. 

SGX Reports Market Statistics For October 2020

Date 10/11/2020

• Securities turnover edges higher alongside signs of economic recovery in Singapore
• Market participants manage risk round-the-clock on SGX even during regional holidays

Japan Financial Services Agency: Preparation For Permanent Cessation Of LIBOR

Date 10/11/2020

Whereas reforming interest rate benchmarks have been developed in Japan and abroad, the possibility that the London Interbank Offered Rate (LIBOR) will be permanently discontinued after the end of 2021 has been increasing. While LIBOR is mainly referenced in derivative contracts such as interest rate swaps, it is also quoted in a significant number of cash products including corporate loans and bonds. Additionally, it is used in wide range of users, including not only financial institutions but also non-financial corporate and institutional investors. In this regard, there is the possibility of disruption to users if LIBOR were ceased without sufficient preparation.
Through close cooperation with the Bank of Japan and other relevant institutions, the Financial Services Agency of Japan (JFSA) will publish or provide links to related materials to help market participants, including financial institutions and non-financial corporate and institutional investors　better understand the necessity of taking actions in preparation for the cessation of LIBOR, and also support market-led initiatives for a smooth transition away from LIBOR.