News Centre

DIFC And Paris EUROPLACE Renew Collaboration

Date 09/11/2017

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region and Paris Europlace the professional body which promotes Paris as an international financial centre, have signed an updated Memorandum of Understanding (MoU) to foster collaboration between the two centres. The MoU was signed by the Chief Executive Officer of DIFC Authority, Arif Amiri and Arnaud de BRESSON, Chief Executive Officer, Paris EUROPLACE in the occasion of the official visit of the French President, Emmanuel Macron in Dubai.

SIFMA Statement On Completion Of Quantum Dawn IV Cybersecurity Exercise

Date 09/11/2017

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, upon completion of SIFMA’s November 7-8 industry-wide Quantum Dawn IV cybersecurity exercise. Over 900 participants from over 50 financial institutions, government agencies and regulators participated in this simulation of a large-scale cyberattack on the financial markets. A fact sheet with details on Quantum Dawn IV is available here.

LSEG: Elite Launches Across West Africa

Date 09/11/2017

• ELITE, CSE and BRVM sign collaboration agreement to launch business support & capital raising programme across West Africa
• Signing ceremony presided by Amadou Gon Coulibaly, Prime Minister of Cote d'Ivoire
• Demonstrates LSEG’s commitment to strengthening ties with West Africa’s capital market

FTSE Mondo Visione Exchanges Dips By 0.7% In October After Seven Months Of Gains – Cboe Global Markets Up 5% In Month, Nasdaq Down By 6.3%

Date 09/11/2017

The FTSE Mondo Visione Exchanges Index fell by 0.7 percent in October 2017. The stand-out performer by capital returns in US dollars in October was Cboe Global Markets which experienced a rise of 5 percent. Dubai Financial Market rose by 4.5 percent.

First ETF In The U.S. Launched By Virtus And Glovista Tracking The Solactive Most Favored Nations Emerging Markets Index

Date 09/11/2017

Solactive is pleased to announce the launch of the Solactive Most Favored Nations Emerging Markets Index, underlying the newly launched Virtus Glovista Emerging Market ETF (EMEM US Equity). EMEM US will begin trading today on the NYSE. EMEM will be the first Emerging Markets ETF in the U.S. providing diversified exposure to a set of most favored Emerging Markets countries according to Glovista’s proprietary global macro country selection methodology.

MiFID II: ESMA Consults On Systematic Internalisers’ Quote Rules

Date 09/11/2017

The European Securities and Markets Authority (ESMA) has today opened a public consultation on a proposed amendment to the Regulatory Technical Standard (RTS 1) which details the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). ESMA proposes to amend RTS 1 to clarify that systematic internalisers’ (SI) quotes should reflect the price increments applicable to EU trading venues. 

Thomson Reuters Signs Statement Of Commitment To FX Global Code Of Conduct - Move Affirms Thomson Reuters Commitment To Raise Standards In The Global FX Market

Date 09/11/2017

Thomson Reuters has signed a statement of commitment to the Global FX Code of Conduct (the Global Code), formally pledging adherence to the Code’s standards to promote integrity, fairness, transparency and the effective functioning of the global foreign exchange markets. 

More Than 500 Companies And Entities Chose Abu Dhabi Global Market As Their International Financial Centre Platform - ADGM Received Qadat Al Tagheer Awards For “International Financial Centre Of The Year” At The 3rd UAE-India Economic Forum In Dubai

Date 09/11/2017

Abu Dhabi Global Market (“ADGM”), the international financial centre in Abu Dhabi, is pleased to record more than threefold increase in total number of registered companies and financial institutions from a broad range of industries and sectors in its second year of operations. To-date, ADGM welcomed about 550 registered companies, a 360% increase as compared to year before.  In the first half of 2017, ADGM licensed 40% more new companies as seen in the region.   The influx of well-established local family businesses, international financial institutions, funds, and professional and corporate service providers is testament to ADGM’s commitment to providing an open and well-regulated financial hub, designed to serve the business and financial needs of Abu Dhabi and the UAE.

ETFGI Reports Assets Invested In Leveraged/Inverse ETFs/ETPs Listed Globally Have Increased 14.1% In 2017 To Reach A New Record Of US$77 Bn At The End Of September

Date 09/11/2017

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in leveraged/inverse ETFs/ETPs listed globally have increase 14.1% in the first 9 months of the year to reach a new record of US$77.14 Bn at the end of September, according to ETFGI’s September 2017 Global Leverage and Inverse ETFs and ETPs Landscape report.

Seven FX Market Participants Agree To Clear CME OTC Non-Deliverable Forwards - Increased Competition Leads To Innovation And Cost Efficiency For Customers In The OTC FX Space

Date 09/11/2017

CME Group, the world's leading and most diverse derivatives marketplace, today announced that seven market participants have agreed that they intend to clear OTC FX Non-Deliverable Forwards (NDFs) by the end of Q1 2018.