News Centre

Thomson Reuters Analyst Awards 2017: Winners Of Asia Awards Announced - Citi Research Recognized As The Top Brokerage Firm - Jamie Wang, Of Nomura, And Arthur Liao, Of Fubon Securities, Take Top Individual Awards

Date 23/05/2017

Thomson Reuters today announced the winners of the 2017 Thomson Reuters Analyst Awards for Asia. This is the thirteenth year that the awards have been presented to the top stock analysts and brokerage firms across Asia.

NEX Optimisation To Release NEX Infinity Into Production Testing For FX And Cash Equities On The Distributed Ledger

Date 23/05/2017

• A cloud-hosted Software as a Service platform, NEX Infinity leverages artificial intelligence and distributed ledger technology
• It enables clients to connect once and access multiple trade and portfolio services across the transaction lifecycle, saving clients costs and improving their financial performance
• Having built the underlying architecture, NEX Infinity will move into user testing with clients for spot FX and cash equities on the distributed ledger from July 2017

Euronext To Acquire FastMatch And Expand Into Global FX Markets

Date 23/05/2017

• Acquisition of FastMatch, Inc. (“FastMatch”) – the fastest growing Electronic Communication Network (“ECN”) in the spot Foreign Exchange (“FX”) market with leading-edge technology, entrepreneurial spirit and access to a large, transparent and diversified pool of liquidity at unrivalled speed and capacity. After four years of consecutive growth, in Q2 to date FastMatch registered record ADV of $20.8 billion.
• Key highlights of the transaction:

• Acquisition of a c.90% interest in FastMatch for initial cash consideration of $153 million at closing (on a debt-free cash-free basis), a contingent earn-out payment for an additional $10 million and customary minority rights for the management of FastMatch that will remain committed to the development of the business and stay invested with a c.10% interest.
• Fully financed acquisition through bank debt (pro-forma net leverage below 0.1x), transaction to maintain Euronext’s ability to pursue other external growth opportunities and will be immediately accretive to Euronext’s earnings.
• Subject to customary regulatory and anti-trust approvals and expected to close in Q3 2017.
• Enabling further growth potential through development in Europe, market data, and derivative products.

• Transaction to strengthen Euronext’s product and geographic diversification and accelerate growth profile:

• Combining FastMatch’s leading-edge technology, entrepreneurial spirit and talent with Euronext’s network, brand, neutrality and industry positioning.
• Consistent with Euronext’s “Agility for Growth” strategy: capturing opportunity arising from the environment, accelerating growth through bolt-on acquisitions, enhancing agility and strengthening core offering of servicing the real economy.

NEX Optimisation Transforms Business To Better Serve Clients

Date 23/05/2017

• Business launches five new end-to-end solutions combining existing NEX Optimisation services
• New solutions will be available on NEX Infinity
• Andrés Choussy joins NEX Optimisation to lead Trade and Portfolio Management solutions pillar

Qatar stock Exchange Working Hours During Ramadan

Date 23/05/2017

On the occasion of the Holy Month of Ramadan, Qatar stock Exchange (QSE) is pleased to announce that the official business hours during the month of Ramadan will be from 9:00 AM till 2:00 PM.

Colt To Offer New Low-Latency Network Route Between Stock Exchanges In Tokyo And Chicago - Optimised Routes Will Enhance Exchange Venue Competitiveness And Continue Colt's Tradition Of Providing Secure And Reliable Trading Infrastructure To Capital Markets

Date 23/05/2017

Colt Technology Services has announced newly optimised low-latency network routes linking stock exchanges in Tokyo and the Chicago Mercantile Exchange, which will be available from May 23, 2017. Connectivity will be provided through the company's private Ethernet-based Colt IQ Network. Latency between Tokyo and Chicago will reach a speed of 121.07ms between each endpoint after network optimisation. In addition, the company has also commenced optimisation of other key routes in the Asia-Pacific region.

Shenzhen Stock Exchange Releases Guideline For Information Disclosure Of Civil Engineering And Construction Industry To Deepen Industry Regulation

Date 23/05/2017

In order to further regulate the information disclosure of listed companies engaging in civil engineering and construction industry, Shenzhen Stock Exchange (SZSE) has recently formulated and released the No. 7 Guideline of Shenzhen Stock Exchange for Industry Information Disclosure of Listed Companies Engaging in Civil Engineering and Construction Business.

Working Hours Of The Amman Stock Exchange And Trading Hours During The Holy Month Of Ramadan

Date 23/05/2017

On the occasion of the holy month of Ramadan, the ASE has decided to change the official working and trading hours during the holy month of Ramadan, the working hours will be from 09:30 to 15:30, as for trading hours it will be as follows:

Shenzhen Stock Exchange: New Interest Calculation Method For Pledge-Style Repo Implemented On May 22

Date 23/05/2017

As the bond market of Shenzhen Stock Exchange (SZSE) has been scaling up in recent years, the trading amount of pledge-styled repo (hereinafter referred to as “repo”) also increases and the market is paying more and more attention to the fluctuation of repo interest rate. To address the holiday effect issue, smooth the volatility of repo interest rate and further improve the repo interest rate formation mechanism, SZSE made amendments the Implementation Rules of Bond Transaction on Shenzhen Stock Exchange on April 14, 2017. The repo interest calculation method has been revised, with the interest period of repo price at maturity changed from nominal days to actual days of fund occupation. The new method will be officially implemented on May 22, 2017. For the bond repo transactions closed before that date, the repo prices are still calculated as per the original formula.

Why Opportunity And Inclusion Matter To America’s Economic Strength - Federal Reserve Governor Lael Brainard, At The Opportunity And Inclusive Growth Institute Conference, Sponsored By The Federal Reserve Bank Of Minneapolis

Date 23/05/2017