News Centre

India’s CMO Market Emerges As Hotbed For Global Private Equity Investment, Says GlobalData

Date 17/08/2020

India’s contract manufacturing organization (CMO) and pharma market has strongly attracted investment from global private equity firms in recent times, driven by favorable government policies and a thriving generic drugs market, says GlobalData, a leading data and analytics company.

Digital B2B eCommerce Marketplaces Launched Delivering Trading Certainty - Distichain Partners With SECDEX For Integrated Digital Custody Services Enabling Traders To More Easily Transact

Date 17/08/2020

Distichain, a SaaS provider of digital B2B ecommerce marketplaces is pleased to announce that it has signed a partnership agreement with SECDEX Digital Custodian (SECDEX), Africa and the Middle East’s first regulated fully operational digital custodian. SECDEX is authorised and regulated by the Seychelles Financial Services Authority (FSA) to operate digital custodial services for a broad range of digital assets.

Monetary Authority Of Singapore Registered RF Fund Management Awarded The Tax Exemption Scheme For Resident Funds Strategic Milestone - Following Success Of The 59th VCC Incorporation, RF Fund Management Announces Its Award Of The Tax Exemption Scheme By MAS For Its Inaugural Private Equity Fund, RF Transformation Fund VCC

Date 17/08/2020

Singapore's Monetary Authority of Singapore (MAS) registered RF Fund Management, a subsidiary of RF International Holdings, has unveiled today following success of being the 59th incorporated Variable Capital Companies (VCC) on 26th May 2020 with the Accounting and Corporate Regulatory Authority and MAS as an umbrella VCC under section 16(4) of the VCC Act, that MAS has confirmed its RF Transformation Fund VCC has been awarded the Tax Exemption Scheme for Resident Funds under Section 13R of the Income Tax Act (Cap. 134).

Qatar Stock Exchange: Profits Of Qatari Listed Companies Reached QAR 15.8 Billion In The H1 Of 2020

Date 16/08/2020

All of QSE listed companies have disclosed their financial results for the period ended June 30, 2020. The results show a net profit of QR 15.8 Billion compared to QR 19.6 Billion for the same period last year, with a decrease of 19.68%.

Tehran Stock Exchange Briefly Changes Trading Sessions

Date 16/08/2020

Daily trading at Tehran Stock Exchange will be conducted in two separate sessions temporarily.

Dubai International Financial Centre And Etisalat Innovate By Implementing Smart Technologies

Date 15/08/2020

• The collaboration will provide advanced digital infrastructure to businesses registered within DIFC
• Smart city initiatives will transform the business and visitor experience within DIFC
• Agreement will reaffirm DIFC’s standing as a dynamic, pioneering and innovative business hub

Pinduoduo, Inc. To Join The NASDAQ-100 Index Beginning August 24, 2020

Date 15/08/2020

Nasdaq (Nasdaq: NDAQ) today announced that Pinduoduo, Inc. (Nasdaq: PDD), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) prior to market open on Monday, August 24, 2020.  Pinduoduo, Inc. will replace NetApp, Inc. (Nasdaq: NTAP) in the NASDAQ-100 Index® and the NASDAQ-100 Equal Weighted Index. NetApp, Inc. will be also be removed from the NASDAQ-100 Technology Sector Index (Nasdaq: NDXT) prior to market open on Monday, August 24, 2020. Pinduoduo, Inc. will be added to the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) at the next quarterly rebalancing.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 14/08/2020

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of August 10, 2020 as indicated in the Weekly Notice. 

SIFMA Files Suit Seeking To Vacate SEC’s Temporary Conditional Exemption For Municipal Advisors

Date 14/08/2020

SIFMA today filed a suit seeking to vacate the Securities and Exchange Commission’s Order Granting a Temporary Conditional Exemption from the Broker Registration Requirements of Section 15(a) of the Securities Exchange Act of 1934 for Certain Activities of Registered Municipal Advisors (TCE).  The TCE permits registered municipal advisors to solicit banks, their wholly-owned subsidiaries that are engaged in commercial lending and financing activities, and credit unions in connection with direct placements of securities issued by their municipal issuer clients, without registering as broker-dealers.

Nadex Refrains From Listing Certain Contracts

Date 14/08/2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No EUR/JPY, GBP/JPY or USD/CAD 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm or 6:10pm expiration times on trade date August 10, 2020.

• No GBP/JPY 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm expiration time on trade date August 11, 2020.

• No GBP/JPY or GBP/USD 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm expiration time on trade date August 12, 2020.

• No GBP/JPY 5-Minute Intraday Currency Binary contracts were listed for the 6:05pm expiration times on trade dates August 13 and 14, 2020.