News Centre

FSB Updates On Market Fragmentation Work

Date 14/10/2019

The Financial Stability Board (FSB) today published an update on its work on market fragmentation. The update has been delivered to G20 Finance Ministers and Central Bank Governors for their meeting in Washington D.C. later this this week.

Award Winning New Change FX Joins IOWA.rocks community - The Only ESMA And FCA Approved (Mid-Market) Live Spot FX Benchmarks - Benchmark Rates Calculated 20 Times Per Second

Date 14/10/2019

IOWA.rocks, the new financial data marketplace is delighted to announce that award-winning New Change FX (NCFX), an independent data and analytics business, has joined their rapidly growing roster of specialist market data providers. NCFX enables market participants who require objective trade cost measurement capabilities to quickly and easily calculate all related expenses against a recognised and registered independent data feed. They are the only ESMA approved and FCA authorised administrator of live spot FX benchmarks for the FX market. Operating under the EU Benchmark Regulation 2016/1011, NCFX delivers quality and credibility at an affordable price.

LuxSE Releases Guide To ESG Reporting

Date 14/10/2019

In line with its stated objective to promote transparent capital markets, the Luxembourg Stock Exchange (LuxSE) has published a set of comprehensive guidelines for reporting on Environmental, Social and Governance aspects (ESG). Reflecting the unique diversity in its capital market ecosystem, LuxSE’s ESG Guidelines address the specific scope and needs of its three main stakeholders: companies, issuers of sustainable debt instruments, and asset managers active in sustainable & responsible investment funds.

Dubai Financial Market Implements New Measures Pertaining To Loss-Making Companies Based On The Financial Results Of Q3-2019

Date 14/10/2019

• Listed companies are required to disclose accumulated losses of 20% and above of capital and to submit reforming plan to SCA and DFM
• Color-labelling for companies that are running at a loss on DFM’s Market Watch
• Hassan Al Serkal: “Awareness campaign for listed companies, brokers and investors about the new arrangements”

Interactive Brokers Clients Worldwide Can Now Trade On Moscow Exchange

Date 14/10/2019

Moscow Exchange (MOEX) today announces that Interactive Brokers Group (Nasdaq: IBKR), a global electronic broker, has begun providing access to the Russian market for all its clients in the US and worldwide.

Dubai International Financial Centre Celebrates Ranking As 8th Best Global Financial Centre By Ringing Nasdaq Dubai Market-Opening Bell

Date 14/10/2019

• DIFC Governor presides over the iconic bell ringing ceremony, signalling the start of trading at the region’s international financial exchange
• Ceremony reinforces Dubai’s standing as a top 10 global financial centre
• Rise in ranking is testament to DIFC’s remarkable success in building a comprehensive, innovative and dynamic ecosystem fostering financial sector growth

ASIC 'Calls Time' On Disclosure Reliance

Date 14/10/2019

In a joint report published today, ASIC and the Dutch Authority for the Financial Markets (AFM) looked at the effectiveness of disclosure for financial products on consumer outcomes.  The report covers a decade of case studies across a broad range of financial products and services in Australia, the Netherlands, the UK and the US.  It finds that reliance on mandated disclosure and warnings has often proved ineffective, and at times even backfired contributing to more consumer harm.

CITIC Steel Sets Foot On A New Journey - Shenzhen Stock Exchange Gains Achievements In Supporting The Reform Of State-Owned Capital And SOEs

Date 14/10/2019

On October 11, CITIC Pacific Special Steel Group Co., Ltd. (hereinafter referred to as “CITIC Steel”) held a ceremony marking its restructuring, renaming and listing. The core special steel assets of CITIC Group were injected to the listed company whose stock abbreviation is officially changed from “Daye Steel” to “CITIC Steel”. This restructuring is a specific measure for the capital market to support the in-depth reform of SOEs and serve such national strategies as supply-side structural reform, playing a significant role in developing world-class professional leading enterprises in the field of special steel and promoting the professional, refined and international development of the special steel industry of China.

BIS: Report Sets Out Governance Of Key OTC Derivatives Data Elements

Date 14/10/2019

A new report identifies key criteria, functions and bodies for the governance arrangements for a set of critical data elements for over-the-counter (OTC) derivative transactions reported to trade repositories, excluding the Unique Transaction Identifier (UTI) and the Unique Product Identifier (UPI).

CME Group Reaches Record Asia Pacific Average Daily Volume Of 1.2 Million Contracts In Q3

Date 14/10/2019

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it achieved its highest quarterly Asia Pacific average daily volume (ADV) on record, with 1.2 million contracts traded during third-quarter of 2019, up 61% year over year and surpassing the previous quarterly record of 1.1 million contracts traded in second-quarter 2019.