News Centre

Markit Acquires DTCC Stake in MarkitSERV

Date 08/04/2013

Markit, a leading, global financial information services company, today announced that it has acquired the ownership stake in MarkitSERV held by the Depository Trust and Clearing Corporation (DTCC).  Markit and DTCC founded MarkitSERV in 2009 as a joint venture that combined the firms’ electronic trade processing services for OTC derivatives.

Osaka Securities Exchange: SPAN Parameter Updated - April 15, 2013 To April 19, 2013

Date 08/04/2013

SPAN Parameter is the fundamental data for calculating  margin requirements and is used for calculating "SPAN Risk Parameter Files"  which are distributed on a daily basis.

Hong Kong's Securities And Futures Commission Bans Luk Ping For 10 months

Date 08/04/2013

The Securities and Futures Commission (SFC) has banned Ms Luk Ping from re-entering the industry for 10 months from 6 April 2013 to 5 February 2014.

IMF Managing Director Christine Lagarde Meets President Xi Jinping, Other State Leaders, And Participates In Boao Forum For Asia

Date 08/04/2013

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) today made the following statement in Boao, Hainan Province:

“It has been a great pleasure to be back in Asia and in China, on the occasion of the 2013 Annual Conference of the Boao Forum for Asia. I had the privilege of meeting with President Xi Jinping, the Sultan Hassanal Bolkiah, Prime Minister Julia Gillard, Prime Minister John Key, and other Asian leaders and officials."

Shanghai Stock Exchange: Notice Of Releasing “SSE Measures On Management of Raised Funds Of Listed Companies (Revised In 2013)”

Date 08/04/2013

The Shanghai Stock Exchange (SSE) has amended the “SSE Measures on Management of Raised Funds of Listed Companies” (the “Measures”) according to the “No. 2 Regulatory Guidelines of Listed Companies: Regulatory Requirements for Management and Use of Listed Companies’ Raised Funds” (CSRC Announcement [2012] No. 44 Document) promulgated by the China Securities Regulatory Commission (CSRC), in a bid to further standardize the use and management of listed companies’ raised funds, elevate the efficiency of using raised funds, and protect legal rights and interest of investors. The SSE hereby releases the amended “Measures”, which shall be put into effect as of the release day, and all listed companies are expected to abide by it.

HKEx Welcomes OTC Clear Founding Shareholders

Date 08/04/2013

Hong Kong Exchanges and Clearing Limited (HKEx) today officially welcomed 12 financial institutions that will join OTC Clearing Hong Kong Limited (OTC Clear), a clearing house HKEx established for the purpose of providing clearing services for over-the-counter (OTC) derivatives, as founding shareholders. This brings the business one step closer to the planned commencement of operations in first half of 2013, subject to the final approval of the Securities and Futures Commission (SFC).

Shanghai Stock Exchange: Corporate Subdivision Bond Index Series To Be Launched

Date 08/04/2013

Designed to characterize the corporate bonds’ prices variation tendency in many ways as well as to serve as new investment analysis tools and performance evaluation benchmarks for bond investors, CSI today announced the upcoming launch of SSE Corporate Subdivision Bond Index Series on May 3rd 2013. The methodology are as followed.

New "CBOE Options Hub" Designed For Active Market Participants - New Home Of CBOE's Industry-Leading Social Media Forum Provides Latest Options News And Commentary

Date 07/04/2013

The Chicago Board Options Exchange (CBOE) today launched its new "CBOE Options Hub" (www.cboeoptionshub.com) -- a comprehensive platform designed to be the "hub" of CBOE's industry-leading social media program and the definitive online source for up-to-the-minute news and views from the options community.

ICAP Warns On Potential Impact Of Financial Transactions Tax

Date 07/04/2013

ICAP plc (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services today releases its analysis of the potential impact of implementing a financial transactions tax (FTT).

Abu Dhabi Securities Exchange To Further Enhance DVP

Date 07/04/2013

Abu Dhabi Securities Exchange (ADX) announced that it is continuing the process of enhancing Delivery Versus Payment (DVP) model, which ADX launched in May of 2011, through applying Buyer Cash Compensation (BCC) settlement procedure.  The new procedure, which will take effect in May 2013, means that a buying investor will be paid cash compensation in the unlikely event where securities are unavailable for delivery to the buying investor on settlement date.