News Centre

Egyptian Exchange Launches Its FIX HUB Network And Connects With FIDESSA Trading Network Covering 175 Financial Markets

Date 17/07/2012

The Egyptian Exchange (EGX) launched its FIX HUB project this month through linking to FIDESSA trading network. EGX FIX HUB network will enable international investors to trade Egyptian securities with ease through a FIX gateway. Accordingly, this will reflect positively on the Egyptian market liquidity without violating capital market rules.  It is worth mentioning that few years ago EGX has started its FIX HUB project with the aim of linking to London Stock Exchange (LSE).

LCH.Clearnet’s Forexclear Breaks $50 Bn Notional Cleared - Client Clearing Service Now Built And Fully Tested

Date 17/07/2012

LCH.Clearnet Limited’s (LCH.Clearnet) ForexClear service has exceeded $50 billion in cleared notional of FX NDFs since launching only four months ago on 19 March 2012.

MarketPrizm Continues To Expand Its Team In Asia

Date 17/07/2012

MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that Cindy Yeo has joined the company as Director, Exchange Management & Data Products, Asia.

DGCX Launches Middle East’s First Derivatives Trading Academy

Date 17/07/2012

• Exchange seeks to extend benefits of derivatives trading to wider business community 
• Academy to offer broad range of educational programmes

Clearstream Facilitates Market Evolution In The Middle East - Abu Dhabi Commercial Bank Joins Triparty Repo Service Of Clearstream - National Bank Of Abu Dhabi Settles Loan Transactions Using Clearstream’s ASL Offering

Date 17/07/2012

Clearstream continues to facilitate the creation of a Middle Eastern financial market infrastructure: Abu Dhabi Commercial Bank has joined Clearstream’s triparty repo service as a new cash provider. The first trade was executed in Q2/2012 with Commerzbank Dubai and will contribute to the further evolution of a Middle Eastern triparty repo market. Abu Dhabi Commercial Bank accepts Middle Eastern securities to collateralise those trades. In addition, National Bank of Abu Dhabi settled the first loan transaction through Clearstream’s Automated Securities Lending (ASL) offering, a unique service that enhances settlement efficiency through automated loans.

Société Générale Reprimanded By Hong Kong's Securities And Futures Commission And To Repay Customers USD 11 Million

Date 17/07/2012

The Securities and Futures Commission (SFC) has reprimanded Société Générale in relation to failings in internal controls in its Wealth Management activities in its Hong Kong branch regarding the disclosure of certain fees and charges in secondary market transactions of over-the-counter bonds, options and structured notes (OTC products).

Osaka Securities Exchange: SPAN Parameter Updated - July 23, 2012 - July 27, 2012

Date 17/07/2012

OSE has set up SPAN Parameter for calculating margin requirements as follows.

This SPAN Parameter is used for calculating "SPAN Risk Parameter Files" which are distributed on a daily basis. OSE sets and publishes new Parameters on the first business day of each week, which are applicable from the first business day of the next week.

Monetary Authority Of Singapore Reprimands OANDA Asia Pacific Pte Ltd For Contravention Of Section 28A(2) Of The Monetary Authority Of Singapore Act (CAP. 186) ["MAS Act"]

Date 17/07/2012

On 28 June 2012, MAS reprimanded OANDA Asia Pacific Pte Ltd [“OAPPL”] for contravention of section 28A(2) of the MAS Act.

Bursa Malaysia Derivatives Launches Options On Crude Palm Oil Futures

Date 17/07/2012

Bursa Malaysia Derivatives Berhad (BMD) has launched Options on Crude Palm Oil futures contract (OCPO), the first Asian exchange-traded agricultural options contract, to complement its highly successful Crude Palm Oil Futures (FCPO) contract.

ASX Welcomes CQG, Inc. To The Australian Liquidity Centre - CQG Trading And Data Services Now Co-Located In ASX Data Centre

Date 17/07/2012

The Australian Securities  Exchange (ASX), the leading securities exchange in Australia and a subsidiary of the ASX Group, and CQG, Inc., provider of high-performance trading and information solutions for the world’s financial community, today announced that CQG will co-locate its software, services and global connectivity network for the financial marketplace at ASX’s state-of-the art data centre, the ASX Australian Liquidity Centre (ALC), located 5km north of the Sydney CBD.