News Centre

Duco Launches Pre-Configured Processes For Accelerated EMIR Refit Assurance Controls - Out-Of-The Box, Future-Proof Intersystem And Post-Reporting Control Solution To Get Ready For The Refit

Date 02/11/2023

Duco, the #1 SaaS provider of AI-powered data automation, today announced the launch of pre-configured processes as part of its EMIR assurance solution. The out-of-the-box processes provide the core data controls between trade capture, trade reporting store and the trade repository, in line with the EMIR ISO XML formatting. The solution comes with operational dashboards for improved oversight and exception management, intelligent root cause analysis suggestions, and a workflow engine to appropriately route and remediate exceptions. It only takes a few days to deploy, doesn’t require any build, and users do not need to worry about ongoing maintenance updates. For example, when the ESMA announced changes to the schema on 6 September, Duco made the updates to the processes and deployed them within a few days, thanks to its SaaS model.

Violation Of Prospectus Requirement: Avantax Invest Group Is Not Allowed To Publicly Offer The Shares In Green Technologies Group Ltd.

Date 02/11/2023

On 25 October 2023, the Financial Supervisory Authority (BaFin) prohibited Avantax Invest Group from publicly offering the shares in Green Technologies Group Ltd. in Germany.

ADX Partners With HSBC To Develop Digital Assets

Date 02/11/2023

Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited (HSBC) are working together in the first regional collaboration of its kind to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East

DataLend: October 2023 Securities Lending Revenue Down 4% YoY to $751 Million - Sirius XM, Fisker Top Revenue-Generating Stocks For The Month

Date 02/11/2023

The global securities finance industry generated $751 million in revenue for lenders in October 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents a 4% decrease from the $781 million generated in October 2022.

BNP Paribas Wealth Management Middle East – Expansion And Relocation Of Its UAE Office In DIFC, ICD Brookfield Place

Date 02/11/2023

BNP Paribas Wealth Management is pleased to announce the inauguration of its new office at ICD Brookfield Place in Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region. This move represents a new milestone in BNP Paribas Wealth Management’s journey, highlighting its continued growth and commitment to its clients.

The 17th Meeting Of The Organization Of Islamic Cooperation (OIC) Exchanges Forum Was held

Date 02/11/2023

The 17th Meeting of the Organization of Islamic Cooperation (OIC) Exchanges Forum (Forum) was held online on October 31th, 2023. Representatives from 14 exchanges, 6 clearing, settlement and custody institutions and 7 sectoral institutions attended the meeting that was hosted by Borsa İstanbul.

BaFin: Shares In Enespa AG: Grounds To Suspect Shares Being Offered To The Public Without The Required Prospectus

Date 02/11/2023

BaFin has sufficient grounds to suspect that Enespa AG is offering its shares to the public in Germany without the required prospectus. There is currently no evidence to suggest that the company is exempt from the prospectus requirement.

Dubai Financial Services Authority Fines FFA Private Bank (Dubai) Limited USD 370,000 For Market Abuse Identification System Failures

Date 02/11/2023

The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 373,842 (AED 1,373,122) on FFA Private Bank (Dubai) Limited (FFA) for having inadequate systems and controls to identify, assess and report trading, which exhibited suspicions of market abuse between February 2018 and March 2021.

Dubai Financial Services Authority: Notice Of Crypto Token Recognition

Date 02/11/2023

In accordance with GEN Rule 3A.3.4 of the DFSA Rulebook, the following Crypto Tokens have been recognised by the DFSA:

• Toncoin (TON)
• Ripple (XRP)

SIX Collaborates With The Swiss National Bank To Pilot Wholesale CBDC Issuance In Switzerland

Date 02/11/2023

Switzerland, a global leader in financial innovation, is taking a significant leap forward with the collaborative efforts of financial markets participants to develop the digital financial markets of the future.