News Centre

Bringing Automation And Increased Efficiency To Post Trade Processing - LPA Cloud Solution Supports Commerzbank For Post Trade Digitalization

Date 09/12/2020

• Post trade digitalization solution increases flexibility and additional security to capital markets businesses.
• Co-innovation process between LPA Group and Commerzbank to create “Capmatix Post-Trade”

Contis Joins Forces With Mastercard As Principal Issuing Member In Europe

Date 09/12/2020

Leading European payments fintech Contis today announced its partnership with Mastercard as a principal issuing member. Through this partnership, Contis delivers a comprehensive end-to-end Banking-as-a-Service (BaaS) platform including direct access to both of the world’s leading global payments networks, accepted by millions of merchants worldwide.

Euronext Welcomes 2MX Organic On Its Parisian Market: The Second SPAC Listed In France - 300 Million Euros Raised

Date 09/12/2020

Euronext today congratulated 2MX Organic, company founded by Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari aimed at realizing acquisitions acquisitions in the production and distribution of sustainable consumer goods, for its listing on the professional compartment of Euronext’s regulated market in Paris (ticker code Shares: 2MX, ticker code Warrants: 2MXBS).

Bursa Malaysia: Winners Of Inaugural Investhack Hackathon Find Innovative Ways To Create Impactful Solutions For Retail Investors In The Marketplace

Date 09/12/2020

The inaugural InvestHack hackathon, hosted by Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) in partnership with CGS-CIMB Securities Sdn Bhd (“CGS-CIMB”), saw a total of 75 teams comprising 250 individuals create and present potential innovative solutions to enhance retail participation in the marketplace.  

Two World’s First Solactive Fixed Income Indices Going Beyond Paris Aligned Benchmark Requirements Are Utilized By Robeco

Date 09/12/2020

In early 2020, Solactive issued the world‘s first Fixed Income indices, which were entirely in line with the, by that time, provisional requirements for Paris Aligned Benchmarks set by the European Commission. The development of the indices marked a giant leap towards a low-carbon economy and a sustainable future. Dutch Asset Manager Robeco utilized Solactive’s expertise in the area of Paris-aligned fixed income indexing and co-designed an innovative family of climate indices, including both corporate and government debt. These new corporate bond indices exceed the requirements of the European Commission for Paris Aligned Benchmarks, and the government bond index not only reduces its carbon footprint but also includes a 7% annual self-decarbonization trajectory. Using these indices, Robeco is taking a global leadership role in Paris-aligned Fixed Income investments. The co-developed indices will serve as Robeco’s guiding benchmarks for two actively managed strategies that are fully compliant with the Paris Agreement.

14 Teams Win £125,000 To Quickly Scale Solutions Supporting Workers Impacted By Covid-19

Date 09/12/2020

• Nesta’s £3m Rapid Recovery Challenge aims to improve access to jobs and financial support for those impacted by COVID-19, by helping organisations to quickly scale solutions to reach even more people in need.
• The Department for Work and Pensions (DWP), via the Money and Pensions Service (MaPS), provided additional funding which enabled Nesta to increase the number of semi-finalists from 12 to 14, with each team receiving £125,000 to help them scale at speed.
• Semi-finalists revealed whose solutions support various vulnerable groups and range from tools that help people identify and develop transferable skills to find new work, to digital and personalised support to navigate benefits, bills and personal finances.
• In addition to the prize money, semi-finalists will also receive additional training and support to develop and grow their solution, with six finalists to be announced in spring 2021.

Moscow Exchange: Risk Parameters Change For The Security PFE-RM

Date 09/12/2020

As per the Securities market risk parameters methodology, on 09.12.2020, 10-34 (MSK) the upper bound of the price band (up to 3354) and initial margins (up to 15 %) for the security PFE-RM were changed. New values are available here

Survey Reveals Need For Specialist Data Science Skills In Financial Industry

Date 09/12/2020

There is an industry-wide need for specialist data science skills to match the growing appetite for meaningful data insights and greater data consumption, according to a survey by SIX among 113 representatives from buy-side and sell-side firms, exchanges, regulatory bodies and other organisations.

Shanghai Stock Exchange Issues Business Guide No.1 For Corporate Bond Duration - Rules For Corporate Bond Holders' Meetings (Reference Text)

Date 09/12/2020

On November 27, 2020, the Shanghai Stock Exchange (SSE) issued the Business Guide No. 1 of Shanghai Stock Exchange for Corporate Bond Duration - Rules for Corporate Bond Holders' Meetings (Reference Text) (the "Reference Text" for short). The holders' meeting system is the core mechanism established by the Securities Law for the protection of investors' rights and interests in the bond market. The Minutes of the National Courts Symposium on the Trial of Bond Disputes (the "Minutes" for short) issued in July this year has further strengthened the judicial protection of this system. In this context, focusing on solving problems, the SSE has organized market institutions to study and formulate the Reference Text with focus on the issues that the market is concerned about, such as the vague decision-making scope and authority of the meeting, insufficient effectiveness of resolutions and lack of procedural flexibility. The implementation of the Reference Text will help further regulate the operation of the holders' meeting mechanism, give full play to the role of the holders' meetings as a platform for discussions, make the protection of bond investors' rights and interests more effective and propel the transformation and upgrading of the duration management mechanism for the bond market.

CFTC Approves Two Final Rules At December 8 Open Meeting - Commission Adopts First Overhaul Of Bankruptcy Rules In 37 Years

Date 08/12/2020

The Commodity Futures Trading Commission at its open meeting today approved the following final rules:

Final Rule: Electronic Trading Risk Principles

The Commission approved amendments to CFTC Regulation Part 38 to address the potential risk of a designated contract market’s (DCM) trading platform experiencing a market disruption or system anomaly due to electronic trading. The final rules set forth three principles applicable to DCMs concerning: