News Centre

UK Financial Conduct Authority And Bank Of England Publish Proposals For Regulating Stablecoins

Date 06/11/2023

The Financial Conduct Authority (FCA) and the Bank of England (the Bank) are today requesting feedback on their proposed approach to regulating stablecoins. The Bank’s proposals cover any payment systems in the future that use stablecoins in the UK at systemic scale.

EEX Introduces Additional Maturities For Natural Gas Derivatives Trading

Date 06/11/2023

The European Energy Exchange (EEX) announces the extension of tradable maturities for natural gas derivatives, to be available from 11 December 2023.

FIA Tech Joins Trade Association ISITC

Date 06/11/2023

FIA Tech, a leading futures industry technology provider, today announced that it has joined trade association ISITC. ISITC brings together asset servicers, broker dealers, asset managers and solution providers to develop and promote standards and best practices that increase operational efficiencies across the securities industry, enabling member companies to provide essential and enhanced products and services.

Terazo And Tokeny Join Forces For India’s First Regulated Tokenization Project

Date 06/11/2023

Terazo, a groundbreaking private market investment platform in India, has joined forces with Tokeny, the leading tokenization platform, to spearhead the first regulated tokenized real estate asset in India under the regulatory sandbox framework established by the International Financial Services Centres Authority (IFSCA). IFSCA is a dynamic and forward-thinking regulator committed to driving India’s fintech innovation and propelling the nation to the forefront of the global financial services landscape 

HKEX Monthly Market Highlights

Date 06/11/2023

Highlights

- Securities Market

• Market capitalisation was $30.8 trillion at the end of October 2023, and an increase of 17 per cent from $26.4 trillion for the same period last year.
• The average daily turnover in October and for the first ten months of 2023 was $78.8 billion and $106.6 billion respectively.
• The average daily turnover of ETFs for the first ten months of 2023 was $11.6 billion, an increase of 25 per cent when compared with $9.3 billion for the same period last year.
• The average daily turnover of L&I Products for the first ten months of 2023 was $2.2 billion, an increase of 10 per cent when compared with $2.0 billion for the same period last year.

Axyon AI Secures Top European Grants For Pioneering In Quantum Computing Technology And AI For The Asset Management Sector

Date 06/11/2023

Axyon AI, the fintech company specialising in AI and deep learning predictive solutions for the Asset Management industry, has won two grants recognising the value of its research and the ongoing development of its technology.

Zelig Advises Accelex On $15m Series A Led By FactSet

Date 06/11/2023

Zelig is delighted to announce that it has acted as sole financial advisor to Accelex, a leading provider of AI automation for private markets data acquisition, reporting and analytics, on its $15 million Series A funding round led by FactSet. Existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital also participated in the round.

Solactive Appointed As New Index Provider For Xtrackers II Overnight Rate ETFs As DWS Announces Change

Date 06/11/2023

DWS, one of the world’s leading asset managers, has announced a change for its Xtrackers Overnight Rate Swap ETFs. Effective 30 November 2023, DWS will transition the index provider for its range of Xtrackers II Overnight Rate Swap UCITS ETFs.

Keynote Address, Dato’ Seri Dr. Awang Adek Hussin, Chairman, Securities Commission Malaysia, “Forum On Improving Long Term Retirement Planning And Savings Behaviour”, Conference Hall 1, Securities Commission Malaysia, 6 November 2023, 2:30pm

Date 06/11/2023

Speaking at the forum on ‘Improving Long Term Retirement Planning and Savings Behaviour’ SC Chairman, Dato’ Seri Dr Awang Adek Hussin stated that the SC is expanding the PRS framework to allow current PRS providers and Digital Investment Management to offer algobased PRS, encouraging younger people to start retirement savings.

Appointment Of HKEX Risk Management Committee (Statutory) Member

Date 06/11/2023

Hong Kong Exchanges and Clearing Limited (HKEX) welcomes Daryl Ho, the new Executive Director (Monetary Management) of the Hong Kong Monetary Authority (HKMA) to its Risk Management Committee (Statutory) (RMC). The appointment was in accordance with the Securities and Futures Ordinance.  Daryl Ho replaced Clara Chan, the former HKMA’s Executive Director (Monetary Management), on the RMC.