News Centre

LME Clear Announces Successful Launch

Date 22/09/2014

• 100% of members’ open positions migrated to new clearing house
• New clearing system named ‘LMEmercury’
• LME Clear looks to future expansion, including introducing RMB as cash collateral

Cairo Amman Bank Fash Comment: Budget Deficit Widens In The First Seven Months Of The Year Due To Sluggish Foreign Grants

Date 22/09/2014

• The Ministry of Finance released government budget figures for the first seven months of 2014, which showed that the government fiscal position had slightly deteriorated resulting in a wider deficit than the same period last year:  

Investec Structured Products Partners With Calastone And Novia Financial

Date 22/09/2014

• Investec are first to offer automated dealing of structured products to Wraps and Platforms via Calastone’s global transaction network.

Are Fairer Markets More Efficient? - Research From The CMCRC Suggests A Correlation

Date 22/09/2014

New research released by the Capital Markets Cooperative Research Centre (CMCRC) examines the relationship between violations of integrity standards set by exchange- operators or regulators and the consequences for security market efficiency. The research covering over 30 markets shows that while improving market fairness helps reduce transaction costs, not all market design changes simultaneously enhance both fairness and efficiency.

BATS Chi-X Europe Lights Up Pan-European ETF Trading - Europe’s Largest Exchange, In Partnership With The ETF Industry, Announces Transparency Drive

Date 22/09/2014

BATS Chi-X Europe (BATS), Europe’s largest stock exchange, has today announced a new trade reporting initiative, designed to bring greater transparency to the European market for exchange-traded funds (ETFs).

Netagio Exchange First To Receive ISAE 3000 Standard In British Bitcoin Industry

Date 22/09/2014

Netagio, the UK-based Bitcoin, gold & sterling exchange, today announced that the firm attained assurance over the storage of the Bitcoins it holds.  The independent review of Netagio’s Bitcoin storage environment was conducted by professional services firm BDO LLP, who completed the review under ISAE 3000, the International Standard on Assurance Engagements. This is the first review of this kind in the Bitcoin industry.

Intercontinental Exchange Completes Sale Of NYFIX And Metabit To ULLINK

Date 22/09/2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that it has completed its previously announced transaction with ULLINK for the combined sale of NYFIX and Metabit, both units of NYSE Technologies. The transaction closed on September 19 and terms were not disclosed.

Ten Thai Listed Companies Selected For Dow Jones Sustainability Indices

Date 22/09/2014

The Stock Exchange of Thailand (SET) announced that the Dow Jones Sustainability Indices (DJSI), one of the most highly regarded global sustainability indices, has included six more Thai listed companies, namely Banpu pcl (BANPU), Central Pattana pcl (CPN), IRPC pcl (IRPC), Minor International pcl (MINT), PTT Exploration and Production pcl (PTTEP), and Thai Union Frozen Products pcl (TUF), on top of the four existing Thai firms: PTT pcl (PTT), PTT Global Chemical pcl (PTTGC), Siam Cement pcl (SCC), and Thai Oil pcl (TOP), following the recent announcement of the annual DJSI review conducted by S&P Dow Jones Indices and RobecoSAM.

BCS Financial Group Selects Horizon Software For Market-Making And Distributing Russian Derivatives

Date 22/09/2014

BCS Financial Group, the largest trader in Russia for Equities, FX and Derivatives, has selectedHorizon Software to launch its derivatives market-making and distribution activities.  Horizon will provide Delta One and Option Trader, its market-making platform, which includes native exchange connectivity to numerous exchanges throughout Europe. Horizon’s flexible APIs will allow the market-making platform to be seamlessly integrated into BCS Financial Group’s existing infrastructure.

Singapore Fixed Income Indices (SFI) Weekly - 22 September 2014

Date 22/09/2014

Below are key highlights for the week ending 19 September 2014 (please click on the attachment for further detail):

• The SFI declined 0.25% to 117.91.
• YTD, the STI currently outperforms the SFI by 1.85%.
• The SFI Government Bond Index fell 0.31%, its third consecutive week of decline.  MTD, the index is down 1.65%.
• Amidst a general decline in the SFI suite, the SFI Industrial Bond Index was resilient, reaching an all-time high (128.62) on Wednesday before closing the week at 128.47.
• The SFI Industrial Bond Index is currently represented by 87 constituents with a combined market value of over S$12 billion.  Interest yield for the index is at 4.08%, one of the highest within the SFI suite (SFI: 2.89%).