News Centre

Hong Kong Brokers Line Up For China Connect With Fidessa - Comprehensive Solution From Fidessa Addresses Complexities Involved

Date 14/08/2014

Fidessa group plc (LSE: FDSA), has today announced that five Hong Kong-based brokers – including , ICBC International Securities Limited and Standard Chartered Securities (HK) Limited – will be using Fidessa for the forthcoming Shanghai-Hong Kong Stock Connect (China Connect) link when it goes live in mid-October. The China Connect program will open up access to mainland China by allowing offshore investors to trade Shanghai listed shares via the Hong Kong market. It will also allow mainland China-based investors to trade in Hong Kong listed shares via the Shanghai market.

ISDA Briefing Note For EU Member States Re. Art.77(1) Of The BRRD

Date 13/08/2014

Article 77(1) of the EU Bank Recovery and Resolution Directive (“BRRD”)1 requires Member States to ensure that there is “appropriate protection” for title transfer financial collateral arrangements and set-off and netting arrangements from:

• the transfer by a  resolution  authority of some,  but  not  all,  of the rights  and liabilities that are protected under a title transfer financial collateral arrangement, a set-off arrangement or a netting arrangement (“protected rights and liabilities”) by exercise of a power contemplated, for example, by Article 63(1)(d) of the BRRD (a “partial property transfer power”)
• the modification or termination by a resolution authority of protected rights or liabilities by exercise of a power contemplated, for example, by Article 64(1)(f) of the BRRD (a “contractual modification power”)

Managed Futures Endure A Tough July - All Newedge Managed Futures Indices Posted Negative Performance Over The Month

Date 13/08/2014

Newedge, a global leader in multi-asset brokerage and clearing, today announces the July performance data for its CTA performance indices. 

LME Clear Receives Settlement Finality Designation

Date 13/08/2014

LME Clear, the new clearing house for the London Metal Exchange (LME) market, has received a designation order made by the Bank of England under the Financial Markets and Insolvency (Settlement Finality) Regulations 1999.

HKEx Launches The Application Service Provider Programme

Date 13/08/2014

Hong Kong Exchanges and Clearing Limited (HKEx) announced today the establishment of a framework to support Application Service Providers (ASPs).  ASPs play a vital role in HKEx's market ecosystem by providing services to Exchange Participants (EPs) and connecting investors to HKEx’s markets through EPs.

Traiana Launches Enhanced Cross-Asset Matching Engine - Post-Trade Securities Network Volume Surges By Over 1000% In Past 12 Months

Date 13/08/2014

Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today it has launched the next generation of its post-trade cross-asset allocation, matching and confirmation service for both buy- and sell-side firms. Harmony Securities is available across various products, including cash equities, equity swaps, corporate and government bonds, municipal bonds and treasury bills, and has been designed to meet industry processing requirements as well as forthcoming regulatory changes, such as T+2 settlement.

UK's Financial Conduct Authority Says Firms Must Do More To Ensure Financial Promotions Do Not Mislead

Date 13/08/2014

The Financial Conduct Authority (FCA) has found that some promotions for financial products are still falling short of its rules and firms need to do more to ensure that advertisements do not mislead consumers.

Platts Report: Increased U.S. Propylene Supply Still Won’t Meet Global Shortfall - Growing Global Demand For Polypropylene In Long-Term Will Outstrip Increased U.S. Propylene Supply After Shale Oil

Date 13/08/2014

U.S. propylene supplies are expected to return to levels not seen since 2006, but the increase in the feedstock supply won’t come close to meeting the global demand for polypropylene during the next decade, according to the just-released quarterly: Platts Global Polyolefins Outlook.

SGX Welcomes IREIT Global To Mainboard

Date 13/08/2014

Singapore Exchange (SGX) is pleased to welcome the listing of IREIT Global on Mainboard under the stock code “UD1U”.

Simon Winn Joins EBS As Head Of Sales For Asia Pacific

Date 13/08/2014

Hong Kong, London and New York, 13 August 2014 – EBS, ICAP's market-leading electronic FX business, announces today that Simon Winn has joined as Head of Sales Asia Pacific, based in Hong Kong. Simon will be responsible for driving new business in Asia Pacific across the expanding EBS product suite and for increasing EBS’s footprint in the region. He will report to Gerard Varjacques, Global Head of Sales.