News Centre

Breaking New Ground: BNP Paribas And NatWest Go Live With CobaltFX’s ‘Dynamic Credit’ To Manage Credit Exposures For FX Trades On Interbank Trading Venues

Date 31/05/2023

BNP Paribas and NatWest are now going live with ‘Dynamic Credit’ from CobaltFX, part of United Fintech, in efforts to simplify and streamline the allocation of credit for FX transactions between banks and improve access to liquidity. According to CobaltFX, the moves are indicative of an increasing trend of financial institutions wanting to optimise the disbursement of credit for FX trades and simultaneously improve market access and control.

Securities Commission Malaysia Seeks To Transform Agri Sector Via Fintech, Alternative Financing

Date 31/05/2023

The Securities Commission Malaysia (SC) is encouraging wider adoption of financial technology (fintech) in agriculture in order to help in achieving the country’s food security agenda. 

MNI Indicators: MNI China Liquidity Index™ – Rises To 55.3 In May

Date 31/05/2023

Key Points – May Report

Local traders in China’s interbank market reported a moderate tightening of liquidity and a notable decline in economic sentiment in May, with participants concerned the recovery lacks momentum given recent weak data, the latest MNI China Liquidity Survey showed. The MNI China Liquidity Condition Index rose to 55.3 in May, up from 51.3 in April, the fourth consecutive month of tightening, with 28.9% of the traders reporting tighter conditions.

Tokenovate And GMEX ZERO13 Enable Execution Of World’s First Smart Legal Contract For Voluntary Carbon Credit Derivatives Trades Using ISDA Definitions - BSV Blockchain-Based Smart Legal Contract Powers Successful Trade Execution And Settlement

Date 31/05/2023

Tokenovate, a financial services company providing distributed financial market infrastructure (dFMI) enabling programmatic lifecycle event management of the pre-trade to post-trade workflow for OTC and Exchange traded derivatives, and ZERO13, a GMEX Group initiative, providing a digital climate fintech aggregation ecosystem announce the successful execution of the world's first smart legal contract for voluntary carbon credit (VCC) derivatives trades referencing the 2022 ISDA (The International Swaps and Derivatives Association) Verified Carbon Credit Transactions Definitions.

London Stock Exchange Group PLC Transaction In Own Shares

Date 31/05/2023

London Stock Exchange Group plc (LSEG) announces that it has purchased the following number of its voting ordinary shares of 6^79/86 pence each on the London Stock Exchange through its corporate stockbroker Citigroup Global Markets Limited (Citi) as part of the third tranche of its share buyback programme, as announced on 20 March 2023:

Shanghai Stock Exchange Signs Strategic Cooperation Memorandum With China Aerospace Science And Technology Corporation

Date 31/05/2023

On May 24, 2023, the Shanghai Stock Exchange (SSE) and China Aerospace Science and Technology Corporation (CASC) signed a strategic cooperation memorandum. Wu Yansheng, Party Secretary and Chairman of the Board of CASC, and Li Zhongbao, Chief Engineer of CASC; Cai Jianchun, Deputy Party Secretary and President of SSE, and Lyu Hao, member of the Party Committee and Executive Vice President of SSE, attended the signing ceremony and held discussions. Li Zhongbao and Lyu Hao signed the memorandum on behalf of the two sides.

Zhengzhou Commodity Exchange: Notice On Adjustments To Margins And Price Limits For Some Contracts Of Methanol Futures

Date 31/05/2023

According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange(ZCE) has decided upon discussion that margins and price limits for Methanol Futures 2309 and 2401 contracts will be adjusted as follows:

InvestHK Announces Launch Of Global Fast Track 2023 With Global Scaleup Competition Across 12 Cities

Date 31/05/2023

Invest Hong Kong (InvestHK) announced today the official launch of the 2023 Global Fast Track (GFT). The year-round fintech accelerator is established through three pillars - the Global Scaleup Competition, the Business Matching Platform, and the always-on GFT Alumni Programme. InvestHK, corporates, investors and partners are excited to explore collaboration opportunities with participating fintech firms. Partnering regulators of the 2023 GFT, including the Hong Kong Monetary Authority, the Insurance Authority, the Securities and Futures Commission, together with the Customs and Excise Department, set the goal and vision to facilitating the world's most innovative fintech firms to launch and succeed in Hong Kong, across Asia, and beyond.

SGX Group Welcomes CGS-CIMB Securities (Singapore) Pte. Ltd. As Accredited Issue Manager

Date 31/05/2023

Singapore Exchange (SGX Group) is pleased to welcome CGS-CIMB Securities (Singapore) Pte. Ltd. as a newly accredited Issue Manager.

Monetary Authority Of Singapore Partners Google Cloud To Advance Capabilities In Generative AI Technology

Date 31/05/2023

The Monetary Authority of Singapore (MAS) and Google Cloud today signed a Memorandum of Understanding (MoU) to collaborate on generative artificial intelligence (AI) solutions that are grounded on responsible AI practices.  The partnership will explore technology opportunities to advance the development and use of responsible generative AI applications within MAS, as well as cultivate technologists with deep AI skillsets.