News Centre

BNP Paribas Asset Management Survey Shows Covid-19 Prompts Rise In Social Considerations Within Investment Decision-Making

Date 13/07/2020

BNP Paribas Asset Management (‘BNPP AM’) reveals key findings of its study on the importance of ESG criteria for investors in the Covid-19 environment:

• ESG has become an even greater focus for 23% of respondents: 81% of respondents already employ ESG in all or part of their portfolios and a further 16% plan to do so
• Clear emergence of the importance of social considerations highlighted by an increase of 20 percentage points since the onset of Covid-19
• 79% of respondents cite social considerations as having a positive impact on long-term investment performance and risk management
• However, there are significant barriers to investing with consideration to social factors: 42% of respondents highlight lack of established standard metrics

Davis Polk & Wardwell And AZB & Partners Top Legal Advisers In Asia-Pacific During H1 2020, Reveals GlobalData

Date 13/07/2020

Davis Polk & Wardwell and AZB & Partners have topped the mergers and acquisitions (M&A) legal advisers league table in the Asia-Pacific (APAC) region during the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData, a leading data and analytics company.

UAE Securities And Commodities Authority Chairs The 20th Meeting Of The Committee Of Heads Of The GCC Financial Market Authorities

Date 13/07/2020

• The GCC authorities review SCA’s study on financial inclusion and recommend a joint investor awareness campaign
• The electronic connection experience between ADX and Tadawul was well received by participants
• Issuing uniform investor numbers in the GCC financial markets is considered

Monetary Authority Of Singapore And Temasek: Project Ubin’s Fifth And Final Phase Highlights Commercial Potential, Paving Way Towards Live Adoption

Date 13/07/2020

The Monetary Authority of Singapore (MAS) and Temasek today jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin. The report “Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities   (3.53 MB)”, provides technical insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could benefit the financial industry and blockchain ecosystem.

Shenzhen Stock Exchange Issues The Announcement On The First Review Meeting Of ChiNext Board Listing Committee

Date 13/07/2020

On July 8, SZSE issued an announcement on the first review meeting of the ChiNext Board Listing Committee (the “Listing Committee”) to review on July 13, 2020 the IPO applications made by Beijing Fengshang Shiji Culture Media Co., Ltd., Contec Medical Systems Co. Ltd. and LD Intelligent Technology Corp., Ltd. as well as the application by Qingdao Tianneng Heavy Industries Co., Ltd. to issue convertible bonds to unspecified investors.

Maktoum bin Mohammed issues Decision appointing Dubai Financial Services Authority Board - Saeb Eigner Reappointed As Chairman Of Board; Fadel Al Ali Appointed As Deputy Chairman

Date 12/07/2020

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre (DIFC), issued a Decision reappointing Saeb Eigner as Chairman of the Dubai Financial Services Authority’s (DFSA) Board of Directors.

UAE Securities And Commodities Authority Discusses With Abu Dhabi Securities Exchange, Dubai Financial Market, And Dubai Gold and Commodities Exchange Proposals To Improve Performance And Introduce New Financial Products To Attract A New Segment Of Investors

Date 12/07/2020

The Securities and Commodities Authority (SCA) held a meeting with the Abu Dhabi Securities Exchange (ADX), the Dubai Financial Market (DFM), and the Dubai Gold and Commodities Exchange (DGCX) chaired by its Chief Executive Officer His Excellency Dr. Obaid Al Zaabi. The virtual meeting discussed matters pertaining to financial market developments and the alignment of SCA’s strategy with those of the ADX, DFM, and DGCX, in addition to proposals that help to raise performance by facilitating listings and the introduction of new financial instruments and products that attract more investors. 

Singapore Homegrown SME Neo & Partners Global Wins - Best Infrastructure Provider At The Waterstechnology Asia Awards 2020

Date 11/07/2020

Neo & Partners Global, a finance & technology group serving the capital markets sector buy-side community of commodity trading advisors, family offices, fund management companies and proprietary trading firms, announced today that its Trading-Atrium, has won Best Infrastructure Provider at the coveted WatersTechnology Asia Awards 2020 alongside one other Singapore-based luminary as DBS Bank and distinguished leading global firms. The WatersTechnology Asia Awards recognize excellence in providing the most innovative infrastructure to the capital markets, announced on July 9, 2020.

CFTC: Federal Court Orders Defendants To Pay Nearly $1.3 Million In Forex Fraud Scheme

Date 10/07/2020

The Commodity Futures Trading Commission today announced that the U.S. District Court for the Eastern District of Missouri entered an order of default judgment finding that Joshua Christian McDonald and his company, Perfection PR Firm LLC (PPR), committed fraud, misappropriated customer funds, and operated without proper registration. The defendants operated out of California and Tennessee.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 10/07/2020

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 July 6, 2020 as indicated in the Weekly Notice.