News Centre

UPDC Reaps Benefits Of igerian Stock Exchange’s Resilience With Listing Of 16BN Rights Issue

Date 02/06/2020

UACN Property Development Company Plc (UPDC) has become yet another beneficiary of The Nigerian Stock Exchange’s (NSE or The Exchange) commitment to provide continued access to capital even in the face of COVID-19. The company successfully listed its N16 Billion Rights Issue of 15,961,574,145 Ordinary Shares of 50 kobo each at N=1.00 per Share on the NSE platform on Tuesday, 2 June 2020.

EBA Issues Guidelines To Address Gaps In Reporting Data And Public Information In The Context Of COVID-19

Date 02/06/2020

• The Guidelines address, in a proportionate way, data gaps in supervisory reporting and disclosure associated with the measures to deal with the COVID-19 crisis.
• The Guidelines are needed to ensure that the minimum necessary information is available to monitor and assess risks associated with institutions’ activities, and to strengthen transparency and market discipline.
• By design, in the application of these guidelines, proportionality and supervisory flexibility play a key role.

SIX Trading Key Figures: May 2020

Date 02/06/2020

In May 2020 trading turnover on the Swiss Stock Exchange was down 15.3% compared to the previous month and reached CHF 130.4 billion, while the number of transactions dropped by 11.5% to a total of 7,800,414. In comparison with the corresponding period last year, trading turnover was up by 48.7% to reach CHF 867.9 billion, while the number of trades rose by 111.5% to a total of 47,807,395. The SMI® rose by 2.1% and reached 9,831.5 points at the end of May.

EBA Announces Timing For Publication Of Its 2020 Spring EU-Wide Transparency Exercise

Date 02/06/2020

BIS: Central Bank Bond Purchases In Emerging Market Economies

Date 02/06/2020

Key takeaways

• In response to the Covid-19 shock, many central banks in emerging market economies have launched local currency bond purchase programmes to address bond market dislocations, signalling that they were willing to take the role of a buyer of last resort.
• Local currency bond yields fell significantly following the programme announcements, with little effect on exchange rates. These positive initial market reactions suggest that the programmes were successful in restoring investor confidence and did not lead to higher inflation expectations, eg due to perceived risks of fiscal dominance.
• Market reactions varied between countries, depending on initial conditions in each jurisdiction as well as on the scope, scale and communication of the bond purchase programmes.

Bank Of England: Minutes Of The Meeting Of The Court Of Directors Held On 3 April 2020

Date 02/06/2020

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

Ex-Liquidnet EMEA City Head In Esports ‘Series A’ Fund Launch, By Roger Aitken

Date 02/06/2020

The Esports Gaming League (EGL), a UK-based esports agency delivering a technology platform for gamers to enter tournaments across multiple games on a global basis, has launched a ‘Series A’ funding using crowdfunding to expand its activities and growth overseas in a billion dollar industry. It values the business at around £5.5 million (c.$6.7m) on a 'pre-money' basis.

The European Association Of CCP Clearing Houses (EACH) Elects Board And Defines Strategy For 2020-2022

Date 02/06/2020

During its Annual General Assembly meeting held on 29th May 2020, the 19 members of the European Association of CCP Clearing Houses (EACH) elected the following Board Members for a two-year mandate:

• Co-Chair - Julien Jardelot, Head of Europe, Government Relations & Regulatory Strategy, LSEG
• Co-Chair - Teo Floor, Vice President, CCP Risk Management, Eurex Clearing
• Co-Chair - Tim Grange, Director of Regulatory Policy, ICE Clear Europe
• Member - Arnoud Siegmann, Chief Risk Officer, EuroCCP
• Member - Erica Brown, Head of International Affairs, Nasdaq Clearing
• Member - Marcin Truchanowicz, Managing Director, KDPW_CCP
• Member - Ian Cornwall, Director, Head Market Structure, SIX Securities & Exchanges, SIX x-clear
• Member - Xavier Aguilá, Managing Director Operations, BME Clearing

EEX Gains Majority Share Of Volume And Open Interest In Dry Freight Market

Date 02/06/2020

The European Energy Exchange (EEX) achieved another milestone in its Freight business today by gaining the majority share of volume in the total Dry Freight market for the first time since launching the business in 2016.

Purdue University/CME Group Ag Economy Barometer: COVID-19 Continues To Impact Farmer Sentiment - Majority Indicate Economic Assistance Bill Necessary

Date 02/06/2020

Farmer sentiment improved slightly in May after falling sharply in both March and April, according to the Purdue University/CME Group Ag Economy Barometer. The index was up 7 points from April to a reading of 103, but it remained nearly 40 percent below its all-time high of 168 set in February 2020. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers and this month's survey was conducted between May 18-22.