News Centre

ETC Group On The Grayscale Bitcoin Unlock

Date 14/07/2021

With the loom of shares in Grayscale Bitcoin Trust worth nearly 40,000 bitcoins set to unlock in July, the hotly-anticipated expirations have caused worry as many are concerned it will cause downward pressure on bitcoin's price.

Paul Hilgers To Leave Deutsche Börse - Eric Leupold Will Take The Helm At The Cash Market Business

Date 14/07/2021

Paul Hilgers, Managing Director of Deutsche Börse’s Cash Market since September 2020, will leave the company at his own request on 31 August for family reasons. He will be succeeded by Eric Leupold, who has been with Deutsche Börse since 2009 and has headed the company’s corporate venture capital arm, DB1 Ventures, since July 2019.

Bank Of England: Minutes Of The Wholesale Distribution Steering Group – 30 June 2021

Date 14/07/2021

The Wholesale Distribution Steering Group have the objective of overseeing the design of a new end-state model for wholesale cash distribution. This is to support the UK in an environment of declining cash volumes.

Amman Stock Exchange: Eid Al-Adha Al-Mubarak Holiday

Date 14/07/2021

In light of the Prime Minister's decision to declare a public holiday for ministries, official departments, institutions and public bodies from July 19 until July 23 in celebration of Eid Al-Adha Al-Mubarak.

UK Financial Conduct Authority Bans Convicted Fraudster From Carrying Out Regulated Activity

Date 14/07/2021

The FCA has banned director Matthew Creed from performing any regulated activity. This decision follows an FCA investigation that found Mr Creed failed to inform the FCA about his bankruptcy and a disqualification as a company director.

Bank Of England: Minutes Of The Working Group On Sterling Risk-Free Reference Rates - June 2021

Date 14/07/2021

The Working Group on Sterling Risk-Free Reference Rates, which is comprised of a diverse set of market participants, is working to catalyse a broad-based transition to SONIA by end-2021.

Dubai Financial Services Authority: Former Abraaj CFO, Mr Ashish Dave, Fined USD 1.7 Million For His Involvement In Deception, Unauthorised Activity, And Compliance Breaches

Date 14/07/2021

The Dubai Financial Services Authority (DFSA) has today published a Decision Notice against Mr Ashish Bhrugu Dave (Mr Dave), a former Chief Financial Officer (CFO) of the Abraaj Group, imposing a penalty of USD 1,700,000 (AED 6,243,250).  The Notice also prohibits and restricts Mr Dave from performing any function in connection with the provision of financial services in or from the DIFC.

The Egyptian Exchange Participates In A Joint High Level Event Of The United Nations

Date 14/07/2021

EGX’s chairman, Dr. Mohamed Farid Saleh, participated in a virtual Joint High Level Event by UNDP, UNCTAD, ILO, UNDESA entitled; “The role of business and the financial sector in financing a sustainable and resilient recovery from COVID-19” with the participation of Dr. Hala ElSaied, Minister of Planning and Economic Development and representatives of several international institutions.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 14/07/2021

CCP NCC is changing risk parameters on Securities market starting from July 16, 2021:

Shanghai International Energy Exchange Has Released Its Circular On Waiver Of Fees

Date 14/07/2021

Shanghai International Energy Exchange has released its Circular on Waiver of Fees as follows:

It is decided that the fees charged for using standard warrants as margins will be waived from July 30, 2021.