News Centre

TSB Banking Group Joins London Stock Exchange Main Market

Date 25/06/2014

• Paul Pester, CEO, TSB Banking Group opens London trading
• IPO raises £455 million, valuing company at £1.3 billion
• 3rd bank to list in London in 2014

UK's Financial Conduct Authority: Former Equities Trader Charged With Insider Dealing

Date 25/06/2014

The Financial Conduct Authority (FCA) has charged Damian Frank Clarke (DOB: 06/10/1975), a former equities trader at Schroders Investment Management Limited, with 9 counts of insider dealing, contrary to Section 52(1) of the Criminal Justice Act 1993.

SGX: Recent Developments Of The Indian Rupee

Date 25/06/2014

• Since 1993, the Indian rupee (INR) has traded under a managed floating regime without a fixed or pre-announced target or band. Any intervention by the Reserve Bank of India (RBI) typically depends on the volume of Foreign Institutional Investor (FII) and corporate inflows, and is undertaken to smooth out volatility in the exchange rate movements.
• Over the past ten years the annualised 30 day volatility for USD/INR returns averaged 1.25%.  The most recent spike in Sep 2013 saw the volatility gauge rise more than three times from the average. Moreover, the average annualised 30 day volatility has been higher over the past five years than the preceding five years.
• The SGX INR/USD futures are quoted in an inverse price format in order to facilitate a settlement in USD. At a trading price of 160.00 US cents to 100 Indian rupees, and a contract size of 2 million INR, the minimum USD value of a long or short position in the SGX INR/USD futures is USD 32,000.

HKEx Announces Temporary Holiday Risk Management Arrangements

Date 25/06/2014

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

Thailand Futures Exchange Plans To Terminate Silver Futures

Date 25/06/2014

Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, is planning to remove silver futures from its trading board due to an absence of the London Silver Fixing benchmark which will terminate its business in August. The removal plan is seeking an approval from The Securities and Exchange Commission (SEC)

UK's Financial Conduct Authority: Wonga To Pay Redress For Unfair Debt Collection Practices

Date 25/06/2014

Wonga, the UK’s biggest payday lender, has entered an agreement with the Financial Conduct Authority (FCA) which will see it pay compensation of over £2.6m to around 45,000 customers for unfair and misleading debt collection practices.

Thomson Reuters Expands Access To CME Group’s Commodity Markets In Eikon - Agreement With CME Direct Enhances Trading Capabilities In Eikon

Date 25/06/2014

Thomson Reuters today announced that it is providing access to deeper commodity markets liquidity through an agreement with CME Group.  Thomson Reuters Eikon customers registered to trade on CME Group markets can now access CME Direct, a front-end trading platform for CME Group’s commodity futures, options and OTC markets. This agreement provides commodities professionals with seamless access to CME Direct’s electronic execution capabilities alongside the news, charting and analysis tools available in Thomson Reuters Eikon.

First Fully Electronic JSCC-Cleared Swap Trade Is Executed On Tradeweb - Banks In Japan Already Preparing For E-Trading Mandate

Date 25/06/2014

Tradeweb Markets, the leading global provider of electronic fixed income and derivatives marketplaces, announced that the first electronically-traded and JSCC-cleared yen swap transaction by a Japanese bank has been executed. Bank of Tokyo-Mitsubishi UFJ Limited traded with Deutsche Bank AG, and used the Tradeweb “intention to clear” facility to indicate that it would send the trade to the Japan Securities Clearing Corporation (JSCC) for clearing.

Hauck & Aufhäuser Privatbankiers KGaA Is Live With Dion’s SEPA Gateway Solution

Date 25/06/2014

Hauck & Aufhäuser Privatbankiers KGaA (H&A), a leading German private bank, is using Dion Global Solutions’ SEPA Gateway to process SEPA payments. The bank is now fully SEPA compliant with Dion’s solution supporting all affected transactions, including domestic direct debit payments (DTA) and SWIFT 103 messages.

FACC Starts Trading On The Vienna Stock Exchange

Date 25/06/2014

• Leading aircraft component manufacturer joins prime market of the Vienna Stock Exchange
• Initial trading price EUR 9.50
• FACC raises approximately EUR 213 million in initial public offering (IPO) (assuming full exercise of the greenshoe)
• Listing starts with bell ringing