News Centre

NEXI And SIA, Agreement For The Creation Of The European Digital Payments PayTech Leader - Signed A Memorandum Of Understanding Among NEXI, SIA, CDP Equity, FSIA And Mercury UK

Date 05/10/2020

• Creation of an Italian player of European scale, ready to seize consolidation opportunities at international level
• Creation of a new technological and digital innovation hub in Italy
• Best in class portfolio of solutions and capabilities across the digital payment ecosystem and with full coverage of the payments value chain, also at international level
• Significant value creation with fully-phased recurring cash synergies estimated at ~ €150 million and ~ €65 million of one-off capex synergies. Double digit cash EPS accretion in 2022
• €1.8 billion pro-forma aggregated revenues and €1 billion pro-forma aggregated EBITDA as of 31 December 2019
• Exchange ratio resulting in a split of the pro-forma share capital equal to 70% for Nexi shareholders and 30% for SIA shareholders
• CDP as anchor investor to support strategic development in Italy and Europe, with a relative majority stake slightly in excess of 25%

AIX To Expand The List Of Exchange-Traded Notes With Exposure To The Global Markets For Local Retail Investors

Date 05/10/2020

Astana International Exchange (“AIX”, “Exchange”) announces the launch of four new exchange-traded notes (“ETNs”, “Notes”) in order to provide local retail investors with a broader range of investment options. iX ETNs provide a low-cost way to build a globally diversified portfolio and are paving the way for a broad range of exchange-traded products which are expected to be registered in the AIFC jurisdiction.   

RF Fund Management Adds Ex-United Overseas Bank (UOB) Managing Director And Head, Global Financial Institutions Group To Advisory Board - The Fund Management Arm Of The Singapore Firm Recently Created An Advisory Board As It Looks To Redefine The Future Of Asset Management, Private Equity And Wealth Management In The Digital Economy For Both Investors And Investees

Date 05/10/2020

RF Fund Management (RFFM) announces the appointment of distinguished Advisory Board member: Bill Chua, PBM, BBM, the former Managing Director and Head, Global Financial Institutions Group of the United Overseas Bank (UOB).

Exchanges Round The World Ring The Bell All Week For Financial Literacy In 2020 - The World Federation Of Exchanges Initiative Draws Record Support

Date 05/10/2020

Exchanges around the world have united to promote financial literacy and boost financial inclusion, ringing the bell in multiple countries on multiple days all week during World Investor Week (“WIW”) 2020.

SET Forges The First Partnership With KBTG To Develop An End-To-End Platform For Digital Assets

Date 05/10/2020

The Stock Exchange of Thailand (SET) has initiated the fully integrated Distributed Ledger Technology (DLT)-based digital asset investment service, spanning from a linkage with Initial Coin Offering (ICO) portals, digital asset exchanges to digital wallets via a collaborative development with KASIKORNBANK (KBank)’s technology arm Kasikorn Business-Technology Group (KBTG). The imminent service will broaden fundraising and investment opportunities that harness creativity—unleashing unlimited growth under related law and regulatory framework. SET is poised to partner with other entities to create a complete digital asset ecosystem to enhance capabilities at an international level. This digital asset initiative, in compliance with the Thai Securities and Exchange Commission (SEC)’s policy, is set to go live in 2021.   

Reply To Singapore Parliamentary Question On The Recent Cases Of Trade Financing Fraud

Date 05/10/2020

Question:

To ask the Prime Minister in light of the recent cases of trade financing fraud involving billions of dollars leading to steps taken by banks to de-risk from this area, what steps will be taken to (i) ensure that there will be a sufficient number of banks providing such facilities on reasonable terms to traders (ii) reduce the fraud risks involved in such transactions on banks and other stakeholders and (iii) restore Singapore's reputation as a premier global trade financing hub.

Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

1.      The fraud cases in the commodities trading sector have been attributed to weak disclosure practices and internal controls among a minority of trading companies. However, we do not take this lightly. To prevent such fraudulent activities and restore confidence, there needs to be a strengthening of standards and practices of transparency and governance in the commodities trading sector, more robust credit risk assessment, as well as a move away from paper-based processes as they are more susceptible to risk of fraud. These are the follow-up actions that banks, the Monetary Authority of Singapore (MAS) and other government agencies are undertaking. 

Genesis, The Low-Code Application Platform For Financial Markets, Receives Strategic Investment From Citi

Date 05/10/2020

Genesis Global Technology Limited (hereafter Genesis) the global financial markets software firm, has received a strategic investment from Citi via its Markets FinTech Investments and SPRINT groups to leverage Genesis’ “Low-Code Application Platform” (LCAP) to drive its key innovation priorities. Genesis’ LCAP, enables financial firms to accelerate the delivery of technology roadmaps with a clear focus on identifying and delivering digitization opportunities across business lines. These initiatives ultimately increase business workflow efficiencies and reduce costs not only within a firm, but also drive innovation for the benefit of the industry as a whole. The amount and terms of the investment are undisclosed. 

HKFE Obtains U.S. Commodity Futures Trading Commission Certification For MSCI Taiwan 25/50 (USD) Index Futures Contracts And MSCI Taiwan 25/50 Net Total Return (USD) Index Futures Contracts

Date 05/10/2020

Hong Kong Futures Exchange Limited (“HKFE”) is pleased to announce that the U.S. Commodity Futures Trading Commission (“CFTC”) has certified the following 2 broad-based equity index contracts to be offered and sold to persons in the United States (“U.S.”). U.S. investors can trade the contracts within the U.S.

Japan Exchange Group: Establishment Of An Investigation Committee In Relation To The System Failure

Date 05/10/2020

JPX would like to deeply apologize for the inconvenience caused to many investors and other market users due to the failure in the arrowhead cash equity trading system on October 1, 2020.

EGX Holiday For The Occasion Of The 6th Of October Armed Force Day

Date 05/10/2020

In light of the Egyptian Prime Minister decree, it was decided that Thursday 8 October a holiday on the occasion of the October Victory anniversary celebrations. Trading will be resumed on Sunday 11 October.