News Centre

Dubai Financial Market Company Posts Net Profit Of AED 78.9 Million During The First Half Of 2020

Date 27/07/2020

H.E. Essa Kazim underlining key developments of the first half:

• The DFM has maintained its attractiveness and registered encouraging indicators armoured by UAE’s pro-active approach dealing with repercussions of COVID-19
• The trading value has increased by 25%, exceeding AED 31 Billion
• The DFM attracted 1718 new investors, lifting its investor base to 845,770 investors
• Foreign investors accounted for 49% of trading value and 18.2% of market capitalization
• The General Index restored a considerable percentage of its previous decline with the second quarter’s 16% upsurge
• Implementation of strategic initiatives including; the launch of Dubai Clear and Dubai CSD and the accomplishment of DFM’s largest technology upgrade

Moscow Exchange: Risk Parameters Change On Securities Market

Date 27/07/2020

CCP NCC changes PcH_max parameter value that defines price up limit for UNKL shares on Securities market starting from July 28, 2020:

Dubai Financial Market Appoints Hassan Al Serkal As Chief Executive Officer (CEO)

Date 27/07/2020

• H.E. Essa Kazim; “DFM’s structure enables us to implement new strategic initiatives and reinforce its successes”
• Hassan Al Serkal: “looking forward to achieve DFM’s strategic objectives and strengthen its position amongst the leading financial markets”

Bitfinex Lets Users Earn On Crypto With Lending Pro

Date 27/07/2020

Bitfinex, a state-of-the-art digital asset trading platform, will be launching Lending Pro in the first week of August, providing users with an advanced lending tool designed to automate lending in order to enhance the efficiency of capital allocation on the exchange.

Moscow Exchange: REPO Risk Parameters Change For The Security TRMK - Update 3

Date 27/07/2020

As per the Securities market risk parameters methodology, on 27.07.2020, 15-43 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -200 %), penalty rate and IR Risk Rate (up to -0.354 rub) for the security TRMK were changed. New values are available here

Kroll Adds Consumer Credit Monitoring To Suite Of UK Data Breach Notification Services

Date 27/07/2020

Kroll, a division of Duff & Phelps, a global leader in risk mitigation, investigations, compliance, cyber resilience, security and incident response solutions, today announced that it now offers credit monitoring services as part of its suite of identity and fraud protection solutions available to UK companies responding to a data breach. GDPR requires timely notification and breached companies are increasingly providing a credit and identity monitoring package to help impacted consumers monitor for identity fraud.

Oslo Optiq Migration Derivatives – Front To Back Testing Update

Date 27/07/2020

Effective July 27, 2020 Through July 31, 2020, MIAX Options And MIAX Emerald 2X Opening And Intraday Valid And Priority Quote Spread Relief In All Symbols

Date 27/07/2020

Issue Symbol: All Symbols
Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective July 27, 2020 through July 31, 2020, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald. 

Moscow Exchange: REPO Risk Parameters Change For The Security TRMK - Update 2

Date 27/07/2020

As per the Securities market risk parameters methodology, on 27.07.2020, 14-48 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -184.01 %), penalty rate and IR Risk Rate (up to -0.309 rub) for the security TRMK were changed. New values are available here

Allica Bank Appoints Richard Davies, The Revolut, TSB And HSBC Banking Heavyweight As CEO

Date 27/07/2020

• Davies joins from Revolut where he held the roles of Group COO and CEO of Banking
• A leader in UK fintech, Davies was the first CEO for OakNorth Bank, developing the business model, technology, and successful regulatory licence application
• Davies brings 20 years’ SME Banking experience to the role