News Centre

Corporate And Municipal CUSIP Request Volumes Fall For Second Consecutive Month In July - Slowdown Led By Lull In New Corporate Debt And Certificate Of Deposit Issuance

Date 14/08/2024

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2024. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a slowdown in request volume for new corporate and municipal identifiers for a second consecutive month.

ETFGI Reports That Assets Invested In The ETFs Industry In Europe Reached A Record US$2.11 Trillion At The End Of July

Date 14/08/2024

ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reported today that assets invested in the ETFs industry in Europe reached a record US$2.11 trillion at the end of July. During July the ETFs industry in Europe gathered net inflows of US$23.26 billion, bringing year-to-date net inflows to US$127.19 billion, according to ETFGI's July 2024 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

ECB Harmonises Rules For Eurosystem Collateral Management

Date 14/08/2024

• Harmonised rules and arrangements defined for mobilisation and management of collateral in Eurosystem credit operations
• Harmonisation marks step towards European capital markets union
• New rules take effect with launch of Eurosystem Collateral Management System, scheduled for 18 November 2024

UK Financial Conduct Authority Fines And Bans Martin Sarl For Dishonest And Reckless Conduct

Date 14/08/2024

The FCA has banned Martin Sarl from working in the financial services industry and fined him £5,021 for acting without honesty and integrity.

UK Financial Conduct Authority Fines FXTB For Unfair Customer Treatment Practices

Date 14/08/2024

The FCA has fined Cypriot contract for differences (CFD) firm Forex TB Limited (FXTB) £276,100 for failing to treat its customers fairly, and for providing investment advice without being authorised to do so.

ACER To Decide On Amending The Methodology For Harmonising Cross-Zonal Electricity Balancing Capacity Allocation

Date 14/08/2024

On 31 July 2024, ACER received a proposal from Transmission System Operators (TSOs) to amend the harmonised methodology for cross-zonal capacity allocation for the exchange of balancing capacity or sharing of reserves.

Global Exchanges Experience Positive Momentum In July: FTSE Mondo Visione Exchange Index Rises 3.2% Amid Economic Shifts

Date 14/08/2024

July brought a wave of positive momentum for global exchanges, with the FTSE Mondo Visione Exchange Index closing at 73,726.02 points, representing a robust 3.2% increase from June's 71,426 points. This growth comes amidst geopolitical uncertainty and evolving economic conditions, where inflation concerns have shifted to recession fears.

Amman Stock Exchange Monthly Newsletter: August 2024

Date 14/08/2024

Click here to download Amman Stock Exchange's monthly newsletter.

Tehran Securities Exchange Weekly Market Snapshot - Week Ended 6 Aug 2024

Date 14/08/2024

Click here to download Tehran Securities Exchange weekly market snapshot.

SGX RegCo Directs United Food Holdings Limited To Be Delisted

Date 14/08/2024

United Food Holdings Limited (the “Company”) has been placed on the Watch-List since 6 June 2019, after recording pre-tax losses for 3 consecutive financial years and average daily market capitalization of less than S40 million. On 6 September 2021, the Company announced that its independent auditor had issued a disclaimer of opinion on the financial statements of the Company and its subsidiaries (the “Group”), citing concerns among others on the veracity of transactions by a subsidiary, Hebei Xingrun Shengwu Keji Gufen Co., Ltd (河北兴润生物科技股份有限公司， “HBXR”). The auditors noted that HBXR’s minimal production activities did not support its production output and highlighted its doubts about the veracity, existence and completeness of three bank accounts of two other subsidiaries, Shenzhen Yi Kei Logistics Supply-Chain Ltd. (深圳壹凯物流供应链有限公司, “SZYK”) and Shenzhen Bao Yao Agricultural Products Ltd. (深圳宝耀农产品有限公司, “SZBY”). Following the disclaimer of opinion, the Company requested for a trading suspension on 8 September 2021 as it was unable to reasonably assess its financial position. Pursuant to SGX RegCo’s directive, KPMG Services Pte. Ltd. (“KPMG”) was then appointed by the Company as its special auditor on 17 December 2021 to investigate the issues highlighted by the auditors. KPMG reported its findings directly to SGX RegCo and the Company’s Audit Committee, and issued its final report on 5 August 2024.