News Centre

Hong Kong Securities And Futures Commission: Court Orders Sound Global To Purchase Shares From Investors

Date 06/10/2022

The Securities and Futures Commission (SFC) has obtained an order in the Court of First Instance against the chairman and executive director of Sound Global Ltd. (Sound Global), Mr Wen Yibo, to purchase shares held by the other shareholders of the company at a price to be determined by the Court – after he was found to have orchestrated a scheme to falsify the company’s bank balances and fabricated relevant bank statements and balance confirmations.

Dubai Clear Becomes First Regional Onshore Clearing House To Be Recognized By The European Securities And Markets Authority (ESMA)

Date 06/10/2022

• ESMA endorsement further expands access to international capital markets, enabling Dubai Clear to attract clearing members from the European Union
• Recognition demonstrates Dubai Clear’s full compliance with Europe’s robust regulatory framework, alongside the very highest international standards

Catalonia-Based Companies Listed On BME Growth Have Tripled Their Market Capitalisation Since 2018

Date 06/10/2022

• Catalonia-based companies listed on the SME Growth market have a market value of 871 million euros.
• So far this year, these companies have raised 73.7 million euros in seven capital increases.
• Three of the eleven companies that have joined this BME market in 2022 are based in Catalonia

SET Market Report For September 2022

Date 06/10/2022

The US Federal Open Market Committee (FOMC) meeting outcome reflected that the Federal Reserve (Fed) needs to keep inflation within the target within the next two years, which triggered its counterparts to accelerate policy rate hikes. A string of interest rate hikes has dealt a big blow to the global economy, especially tightening liquidity and financial conditions. The rising global borrowing costs could slow down global economic growth which affects the recovery of exports and tourism-dependent

Axyon AI Completes €1.6 Million Fundraising Round Supported By CDP Venture Capital, ING And UniCredit

Date 06/10/2022

Axyon AI, a leading AI provider for the asset management industry, has announced the completion of a €1.6 million funding round. The round has been led by the Fondo Rilancio Startup (Relaunch Start-up Fund), managed by CDP Venture Capital SGR, with ING, UniCredit, Geminea and Metes as co-investors.

Bursa Malaysia Derivatives To Host Inaugural East Malaysia Palm & Lauric Oils Price Outlook Conference & Exhibition - Reinforcing East Malaysia’s Growing Crude Palm Oil Supply Market

Date 06/10/2022

Bursa Malaysia Derivatives Berhad (“Bursa Malaysia Derivatives” or “the Exchange”) will host its inaugural East Malaysia Palm & Lauric Oils Price Outlook Conference & Exhibition (“East Malaysia POC2022”) at the Magellan Sutera Harbour Resort, Kota Kinabalu, Sabah from 12 to 13 October 2022.  

SRD II Has Been A Positive Step, But Implementation Levels Vary Across Europe, According To New Report - Report Highlights Widespread Opportunities To Improve

Date 06/10/2022

Although the updated Shareholder Rights Directive (SRD II) has been a positive step for increasing transparency and automation through the digitalization of proxy voting in Europe, there is an opportunity for further progress given the varying implementation standards across the region, according to a newly released white paper sponsored by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR).

BMLL Launches Intuitive No-Code Data Visualisation Tool For US And European Equities And ETs - BMLL Vantage Brings Data Science And Quant Analytics Capabilities To All Market Participants

Date 06/10/2022

• BMLL Vantage gives market participants access to the most granular Level 3 order book data and analytics to understand market behaviour without the need to code 
• Easy access to the powerful product gives users the ability to create analytics visualisations from full depth order book data
• Collaborative functionality enables analysis to be shared between teams, or exported to clients, enabling better and more rapid decision making 

Plenitude Expands Leadership Team With Mike Coates Appointment - Ex-HSBC And Standard Chartered, Financial Crime Compliance Leader Takes Key Strategic Role To Cement Plenitude’s Footprint In Asia

Date 06/10/2022

Plenitude, the Financial Crime, Risk and Compliance specialists, has expanded its management team by appointing Mike Coates as its Asia practice Lead and Senior Executive.

Wiener Börse Wins Trade Republic, Europe's Largest Neobroker, As A Customer For Its MiFID II Trade Reporting Service

Date 06/10/2022

Trade Republic is now using Wiener Börse's TTR® II service to publish its over-the-counter trades in a MiFID II-compliant manner. In addition, Wiener Börse announces that service hours will be extended until 11pm for new customers. Since January 2018, the IT solution TTR® II has been supporting financial market participants in fulfilling the regulatory requirements for the submission of over-the-counter (OTC) orders and trades. The registered transactions are disseminated by Wiener Börse to vendors worldwide. Wiener Börse is currently the largest provider of a MiFID II-compliant Advanced Publication Agreement (APA) solution in the German-speaking region.