News Centre

ESMA To Focus On Supervision, Sustainability, Digitalisation And The Capital Markets Union In 2022

Date 28/09/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its 2022 Annual Work Programme (AWP), setting out its priority work areas for the next 12 months to deliver on its mission to enhance investor protection and promote stable and orderly financial markets.

EGX Signs MoU With EBA To Attract New Listings

Date 28/09/2021

Dr. Mohamed Farid, Executive Chairman of the Egyptian Exchange (EGX), signed a Memorandum of Understanding (MoU) with Eng. Ali Eissa, Chairman of the Egyptian Businessmen Association (EBA), to enhance cooperation and growth opportunities for EBA’s member companies through listing and offering in EGX.

Moscow Exchange: Market Making Programs For Foreign Securities Came Into Effect

Date 28/09/2021

On 27 August 2021, MOEX Global USD market making program for foreign securities traded in USD became effective. Under the program market makers will maintain quotes for all instruments within the group of securities during the main and after-hours (evening) trading sessions.

FIA Releases Principles For Cross-Border Regulation

Date 28/09/2021

FIA today released a policy paper outlining seven principles to guide the regulation of cross-border activity in the derivatives markets. FIA is issuing the paper to address the threat of market fragmentation due to conflicts, inconsistencies, and duplication in cross-border regulation. Policymakers and regulators in many parts of the world are re-examining their approaches to cross-border activity, and some are favoring more insulated national policies that favor direct oversight of domestic and foreign entities. As FIA points out in the paper, these national approaches do not defer to home country regulation, and the resulting overlap of regulation on cross-border activity will lead to less efficient markets and higher costs for end-users.

Turquoise Expands Offering And Provides Investors Better Access To Trade US Shares With Direct Settlement Into DTC

Date 28/09/2021

• US stocks that trade on Turquoise now benefit from fungible settlement into DTC
• US shares, US ETFs, and Chinese ADRs are available for Straight Through Processing (STP)
• Investors in Asia can trade US shares during live UK market hours, starting 8am UK time

Amundi Expands Successful Prime ETF Range With Solactive GBS Emerging Markets Index

Date 28/09/2021

When diversifying investments, asset owners can put their investments into various economic sectors or different international markets such as developed or emerging markets. Amundi now expanded its successful Prime ETF range with yet another low-cost ETF, the Amundi Prime Emerging Markets UCITS ETF, allowing investors to invest in emerging markets easily and consistently within the entire Prime Range. The ETF replicates the performance of the Solactive GBS Emerging Markets Large & Mid Cap USD Index and started trading on September 28th on XETRA.

Archax Subsidiary Montis Digital To Launch Blockchain Based Digital Post-Trade Infrastructure - Former EY And Euroclear Industry Veteran Martin Watkins Appointed As CEO

Date 28/09/2021

Archax, the first FCA regulated digital securities exchange, broker, and custodian, has today announced its subsidiary, Montis Digital, which is building digitally native, blockchain based post-trade infrastructure to allow tokenised assets, such as digital securities or security tokens, to realise their full potential. Martin Watkins, the former EY, Atos Euronext, and Euroclear industry veteran has been appointed as Montis Digital CEO.

Paradigm Shift As Market Makers Take Centre-Stage In European Liquidity Provision During Covid-19 Pandemic

Date 28/09/2021

• New research report reveals independent market making firms becoming trusted partners to European buy-side after stepping up to support institutional investors during pandemic
• Surveyed asset managers appreciate market makers’ continuous presence in the markets
• Recognition accelerated by adoption of technology and screen-based electronic trading during lockdown

Release Of SASB Standards XBRL Taxonomy Accelerates Structured Reporting Of ESG Data - Taxonomy Will Integrate SASB Standards Into The Common Language For Business Reporting

Date 28/09/2021

The Value Reporting Foundation today announced the formal release of the SASB Standards XBRL Taxonomy. The organization engaged PwC to support in the initial development of a SASB XBRL Taxonomy to facilitate reporting in accordance with its 77 Industry Standards using structured data. Key objectives of the Taxonomy are to simplify the disclosure process for businesses and improve the quality, usefulness and comparability of environmental, social, and governance (ESG) disclosures to investors.

Tesselate Becomes Official Distributor Of Finastra’s Fusion Invest Software For The Moroccan Asset Management Market

Date 28/09/2021

Tesselate Africa, a subsidiary of Tesselate Group, and Finastra, the largest pure-play software vendor that serves the entire financial services industry, today announced their partnership. Tesselate Africa is now certified as a distributor of Finastra’s Fusion Invest solution, bringing a comprehensive front-to-back experience for asset managers to Morocco.