News Centre

Britannia Global Markets Selects Broadridge For International Post-Trade Securities Operations - Mutualised Solution Increases Efficiency, Improves Business Controls And Mitigates Risk

Date 13/10/2020

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that Britannia Global Markets, a bespoke, all-encompassing brokerage house and subsidiary of Britannia Financial Group, has selected Broadridge to streamline its post-trade processing for its international securities business including cash equities, fixed income and repurchase agreements.

CFFEX: Notice On Delivery Of Equity Index Futures And Options Contracts

Date 13/10/2020

Pursuant to the Trading Rules of China Financial Futures Exchange and relevant detailed implementation rules, the last trading day of a CSI 300 Index futures, SSE 50 Index futures, CSI 500 Index futures, and CSI 300 Index options contract is the third Friday of the expiry month. Where the last trading day is a public holiday or trading of that contract is suspended on that day for extraordinary situations or other reasons, the last trading day shall be postponed to the following trading day. Accordingly, the last trading day of IF2010, IH2010, IC2010, and IO2010 (CSI 300 Index options contracts expiring in Oct 2020) is Oct 16, 2020.

Fintech: Spunta, 100 Banks Operating On The Sector Blockchain

Date 13/10/2020

In Italy it is fully operational the Italian banking sector blockchain. Since October, around 100 banks have been operating on Spunta, the nodes network. The third group of banks have entered into operation, using interconnected nodes in the bilateral accounts’ reconciliation. In this way, the technological infrastructure of nodes is working for the banking sector and for Italy. The latest addition of banks has entered into operation, on top of the 23 operational since May and the initial group of 32 that started in March. Spunta Banca DLT (Distributed ledger technology), the project promoted by ABI and coordinated by ABI Lab, is fully operational for the interbank reconciliation process. As of today, around 100 banks have access daily to their own nodes to manage this interbank process, that moved from a traditional slow and labour intensive exchange of telephone calls and messages to a solution that leverage a frontier technology that streamlines and automates the reconciliation of transactions. 

LCH SA To Clear EU’s SURE Bonds

Date 13/10/2020

• €87.4 billion of loans  will be provided to 16 EU member states through EU’s SURE programme
• LCH SA to support the EU SURE programme by clearing these Bonds
• Clearing provides enhanced risk management, liquidity and efficiencies to market participants
• Members will benefit from clearing at RepoClear’s deep netting pool of EUR debt

BNP Paribas Asset Management Launches First Blue Economy ETF

Date 13/10/2020

• BNP Paribas Asset Management (‘BNPP AM’) announces the launch of the first blue economy ETF (exchange-traded fund), BNP Paribas Easy ECPI Global ESG Blue Economy UCITS ETF.  The ETF is listed on Xetra and Euronext and has a TER[1] of 0.30%.
• The fund aims to invest in companies from the global developed market which are the best placed to seize opportunities provided by the sustainable use of ocean resources.
• It tracks the ECPI Global ESG Blue Economy index, an equally-weighted index providing exposure to 50 large caps selected for their sustainable participation in the blue economy.  The index conforms to UN Sustainable Development Goal (‘SDG’) 14: ‘Life below water'.

Invesco’s MSCI World UCITS ETF Tops USD2 Billion In AuM As Investors Switch To Low-Cost Synthetic ETFs

Date 13/10/2020

Invesco’s MSCI World UCITS ETF has passed USD2 billion in assets under management, having grown 62% in AuM across 2020. The synthetic ETF, which tracks the performance of the MSCI World Total Return Index, has outperformed comparative physical ETFs and delivered better tracking error for investors across the year.

KGI Securities (Singapore) Rolls Out New eFX Pricing In SG1 With MaxxTrader Solution

Date 13/10/2020

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, announces its client KGI Securities will launch the KGI MaxxTrader’s electronic foreign exchange (FX) pricing and trading engine in Singapore.

Shenzhen Stock Exchange Earnestly Studies And Implements The Circular Of The State Council On Further Improving The Quality Of Listed Companies

Date 13/10/2020

On October 9, the Circular of the State Council on Further Improving the Quality of Listed Companies (the “Circular”) was released. The Circular has laid down the general requirements on improving the quality of listed companies from the perspectives of accelerating refining the socialist market economic system and promoting modernization of China's system and capacity for governance. Besides, it has made systematic deployment and arrangements in six aspects to improve the quality of listed companies. The six aspects are improving the corporate governance system, assisting listed companies in becoming better and stronger, refining the delisting mechanism, solving prominent problems facing listed companies, increasing the cost for any actions against laws and regulations by listed companies and relevant entities and forming the working synergy to improve their quality. The Circular has fully shown the great attention that the CPC Central Committee and the State Council has paid to improving the quality of listed companies and facilitating healthy, stable development of the capital market. It has set the goal and pointed out the direction for the regulatory services for listed companies. 

SGX And NZX To Explore Global Dairy Derivatives Partnership

Date 13/10/2020

Singapore Exchange (SGX) and New Zealand’s Exchange (NZX) have today signed a Heads of Agreement in relation to a global partnership to grow NZX’s dairy derivatives market together.

HKEX: No Trading Today In Securities And Derivatives Markets Due To Issuance Of Typhoon Signal No. 8

Date 13/10/2020

Hong Kong Exchanges and Clearing Limited (HKEX) announced that today's trading sessions in the securities and derivatives markets, including After-Hours Futures Trading, have been cancelled due to the issuance of Typhoon Signal No. 8.