News Centre

ETFGI Reports At The End Of Q1 2024, The Assets Invested In The Global ETFs Industry Has Surged Ahead Of The Global Hedge Fund Industry By A Staggering US$8.40 Trillion

Date 07/05/2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports as of end of Q1 2024, the assets invested in the global ETFs industry have surged ahead of the global hedge fund industry by a staggering US$8.40 trillion. During Q1 2024 the global hedge fund industry gathered net inflows of $16.57 billion while the global ETFs industry gathered net inflows of $397.61 billion. (HFR is the source of hedge fund data. All dollar values in USD unless otherwise noted.) 

Kharon Data And Technology Selected By U.S. Department Of The Treasury - Treasury Officers Will Gain Access To Kharon's Platform For Sanctions-Related Risk Intelligence

Date 07/05/2024

Kharon announces the signing of a contract with the U.S. Department of the Treasury. Through this engagement, officials within the Treasury Department will gain access to Kharon's global risk analytics platform. Kharon's insights and analytic tools are used by leading financial institutions, companies, and governments to address global security threats, and to support risk management in connection with KYC, transaction screening, sanctions evasion, investigations, and trade controls.

Dubai FinTech Summit Concludes With Over 8,000 Visitors From 118 Countries

Date 07/05/2024

• The 3rd edition of the Dubai FinTech Summit to be held 7-8 May 2025, under the directives of His Highness Sheikh Maktoum.
• The 2nd edition of Dubai FinTech Summit attracted over 8,000 visitors from 118 countries around the world. 
• Over 50 Memorandum of Understandings (MoUs) were signed during the summit with global financial leaders.
• More than 20 Top investment management firms with investments in 12,000 companies participated in the Summit.
• Nik Storonsky, Founder and CEO of Revolut inked expansion plans in the MEASA region, marking a significant step towards fostering financial inclusion through cutting-edge technology.
• State Street Global Advisors’ President and Chief Executive Officer, Yie-Hsin Hung confirmed the reopening of its Dubai offices.
• Dyna.Ai, the Singapore headquartered firm launched operations across Asia, the Middle East, Africa, Europe, North America and Latin America, with offices planned in the UAE, Saudi Arabia, and Nigeria.

UK Financial Conduct Authority Bans And Fines James Lewis £120,300 For Putting Investors At Risk

Date 07/05/2024

The former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial Conduct Authority (FCA).

Federal Court Rules In Securities Commission Malaysia’s Favour, Ricky Wong’s Leave Application Dismissed

Date 07/05/2024

The Federal Court today unanimously dismissed an application by Wong Shee Kai (Ricky Wong) who is currently still at-large, for leave to appeal against the Court of Appeal’s decision with respect to his application to attend and participate in court proceedings via remote control technology (RCT).  

FESE – Leading European Associations’ Shared View On Improving Competitiveness Of European Capital Markets

Date 07/05/2024

The European Banking Federation (EBF), the European Fund and Asset Management Association (EFAMA), and the Federation of European Securities Exchanges (FESE) have released a joint report on the development of European capital markets and recommendations to enhance their competitiveness. The report, co-developed by the three European associations and authored by Oliver Wyman, sheds light on progress made towards the Capital Markets Union (CMU) and gathers insights from various capital markets leaders on how to succeed in the coming decade and beyond.

Middle East-China Connectivity: The Role Of Hong Kong, Wilfred Yiu HKEX Deputy Chief Executive Officer, Co-Chief Operating Officer & Co-Head Of Markets

Date 07/05/2024

As China-Middle East connectivity flourishes, with Saudi Tadawul Group (STG) and HKEX bringing investors and issuers from both regions together at this week’s international Capital Markets Forum in HKEX’s Connect Hall, Hong Kong’s superconnector role is there for all to see.

HKEX Monthly Market Highlights

Date 07/05/2024

Highlights

- Securities Market

• Market capitalisation was $32.1 trillion at the end of April 2024, an increase of 6 per cent from $30.3 trillion at the end of March 2024.
• The average daily turnover in April 2024 was $112.3 billion, an increase of 1 per cent when compared with $111.2 billion in March 2024, and an increase of 3 per cent from $108.9 billion for the same period last year.
• The average daily turnover for the first four months of 2024 was $102.5 billion.
• The average daily turnover of L&I Products for the first four months of 2024 was $2.5 billion, an increase of 9 per cent when compared with $2.3 billion for the same period last year.
• The average daily turnover of Debt Securities for the first four months of 2024 was $560 million, an increase of 2 per cent when compared with $550 million for the same period last year.

MarketAxess Reports First Quarter 2024 Financial Results - Record Emerging Markets, Eurobonds And Municipal Bonds Quarterly Commission Revenue

Date 07/05/2024

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the first quarter ended March 31, 2024.

Taiwan Futures Exchange Newsletter - Ｍay 2024

Date 07/05/2024

The Taiwan Futures Exchange (TAIFEX) has been making progress towards sustainable developments. Following the purchase of renewable energy in 2023, which covered approximately 60% to 100% of the electricity consumption in its office area, TAIFEX procured 1,350 metric tons of international carbon credits from the Taiwan Carbon Exchange on April 25 of this year. These carbon credits encompass projects involving clean water sources and solar power generation, with sites distributed in Mozambique and Vietnam, aligning with the United Nation’s Sustainable Development Goals (SDGs). The carbon credits purchased by TAIFEX this time cover the years of 2022 and 2020 and are expected to be offset and declared after TAIFEX completes its greenhouse gas emission inventory verification in 2023. All of these actions demonstrate TAIFEX’s commitment to pursuing carbon neutrality goals.