News Centre

HKEX Appoints Group General Counsel

Date 13/02/2017

Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Ferheen Mahomed to serve as its Group General Counsel from today (Monday).

Foreign Investors Buy 3.13 Billion Dirhams Of Shares In ADX In January 2017 - 406 Million Dirhams Net Foreign Investment In ADX In January

Date 13/02/2017

Foreign investors’ purchases in ADX in January 2017 reached 3.13 billion Dirhams, representing %40.4 of total buy trades, whereas their sell stood at 2.723 billion Dirhams, representing %35.2 of total sell trades. Subsequently, the net foreign investment in January reached 406 million Dirhams.

New Video On US Tick Size Change And Market Quality Dashboard In General

Date 13/02/2017

EquiChain - A Global Capital Markets Infrastructure Platform To Drive Market Efficiency And Improve Global Investor Access In Emerging And Frontier Markets - A Working Distributed Ledger Technology-Based Solution Built By Senior Capital Markets Practitioners

Date 13/02/2017

EquiChain, a London-based Fintech company with an Asia regional office in Hong Kong, announces its working prototype for capital markets.  The company plans to implement a full end-to-end ‘execution to custody’ (E2C) pilot in 2017, positioning EquiChain to deliver the full potential of distributed ledger technology (DLT).

International Organisation Of Securities Commissions (IOSCO) Recognises ADGM As Fully Compliant With International Standards Of Cooperation And Enforcement

Date 13/02/2017

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has become a full signatory of the IOSCO Multilateral Memorandum of Understanding (MMoU) after the IOSCO team of international experts assessed ADGM as fully compliant with the international benchmark for effective cross-border cooperation.

14 February 2017, National Sports Day Is An Official Holiday In Qatar Stock Exchange

Date 13/02/2017

Qatar Stock Exchange announces that Tuesday, 14 February 2017, is an official holiday to celebrate the National Sports Day, pursuant to Emiri Decree no (80) of 2011.

Dalian Commodity Exchange Imposes Regulatory Measure On Client

Date 13/02/2017

Recently, a client surnamed Liang opened more than 1,000 contracts of positions on the metallurgical coke futures in a single day, breaching the trading limit rule for the first time.

Saudi Arabia's Capital Market Authority Recomposes Its Advisory Committee

Date 13/02/2017

The Board of the Capital Market Authority (CMA) issued a resolution to recompose the Advisory Committee for its fourth term to comprise 12 part-time members from market participants, experts, specialists and experienced college professors. The Committee's composition took into consideration a more expanded representation of market participants. The members are as follows: Mr. Ayman Mohammed Alsayari, Deputy Governor for Investment, Saudi Arabian Monetary Authority (SAMA); Mr. Suhail Mohammad Abanmi, General Supervisor of Internal Trade Deputyship, Ministry of Commerce and Investment (MCI); Mr. Fawaz Mohammad Al-Fawaz, Executive VP of Finance, National Industrialization Company (Tasnee); Mr. Rakan Abdullah Abunayyan, Chief Investment Officer at Abunayyan Holding; Mr. Abdullah Salah Alsuweilmy, CEO, AMAD International; Mr. Abdulaziz Abdulmohsen Bin Hassan, CEO, Credit Suisse, Saudi Arabia; Mr. Khalid Abdullah Al-Hussan, CEO, The Saudi Stock Exchange (Tadawul) Dr. Zeyad Bin Samir Khoshaim,  Founder & Partner, Khoshaim & Associates in cooperation with Allen & Overy; Mr. Abdulaziz Saud Alshubaibi, Partner at Ernst & Young;  Mr. Abdulaziz Abdulrahman Alkhamis, Vice Governor for Investment Affairs at the Public Pension Agency (PPA); Mr. Mutlaq Hamed Al-Buqami, Editor in Chief, Maaal Newspaper; and Dr. Abdullah Abdulrahman Al-Shuweir, Secretary General and Executive Director, Higher Education Fund.

Better Finance Helps Investors Identify Potential Falsely Active Funds (“Closet Indexers”), And Asks Regulators To Investigate Further: It Replicated The ESMA Study On Closet Indexing And Identified Up To 165 Equity “UCITS” Funds That Could Potentially Be Closet Indexers - Better Finance Fully Discloses The Results Of Its Replication Of ESMA’s Quantitative Study

Date 12/02/2017

ESMA would not disclose the names of the funds it identified as “potential equity closet indexing funds” in its investigation results released in February 2016 (see annex 3), leaving fund investors in the dark. This is why Better Finance decided to replicate the ESMA study as closely as possible and – using the same quantitative analysis performed by ESMA - to disclose the list of the sampled funds (attached), including those that are potentially “closet indexers” according to ESMA, and also those funds – more numerous - that ESMA did sample but did not analyse for lack of data. Better Finance used the same source as ESMA (the Morningstar fund database).

The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report By Nationality And Investor Type

Date 12/02/2017

The total value of shares traded for the week  ending 9 February 2017 amounted to SAR 19.11 billion, decreasing by 8.66% over the previous week; while total stock market capitalization reached SAR 1,630.94 billion at the end of this period, decreasing by 1.54% over the previous week.