News Centre

Dubai Financial Market: Trading Of Gulfa Mineral Water & Processing Industries Rights Issue Between 21 June And 2 July 2020

Date 18/06/2020

Dubai Financial Market (DFM) today announced that the Rights Issue of Gulfa Mineral Water & Processing Industries Company is due to be tradable on the exchange between 21 June and 2 July 2020. Trading of the Rights Issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans to issue as part of its capital increase, to sell all or part of their rights to other investors who do wish to subscribe. The Rights Issue is a financial instrument representing the rights that are legally granted to the company's shareholders to have priority in subscribing for the company's capital increase shares that will be issued.

BISON Introduces Bitcoin Cash Trading - Deposit Of Litecoin Possible - Test Phase For Desktop Version - Number Of Active Users Grows By 110 Percent In 2020

Date 18/06/2020

Uncomplicated and secure trading in cryptocurrencies on the smartphone: this is possible with BISON, Boerse Stuttgart Group’s crypto app. BISON has now introduced Bitcoin Cash as an additional tradable cryptocurrency. Another new feature is the possibility to transfer Litecoin from a private wallet to BISON. "We are continuously screening for which cryptocurrencies we can offer trading and custody in the reliable set-up of BISON. Trading Bitcoin Cash and the deposit option for Litecoin are now the next steps. Further cryptocurrencies will follow after thorough technical and regulatory examination," said Dr Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH which developed the BISON app.

UK Finance Proposes Next Steps For Open Banking

Date 18/06/2020

• The suggested model would see the continuation of Open Banking functions moved into a new service company with firms paying ‘fair and equitably’ for their use of central services.
• A separate monitoring function would be established to review ongoing compliance with the CMA’s Order.

Hong Kong Securities And Futures Commission Publicly Criticises CICC Financial Trading Limited And China International Capital Corporation Limited For Breaches Of Takeovers Code

Date 18/06/2020

The Securities and Futures Commission (SFC) has publicly criticised CICC Financial Trading Limited (CICCFT) and China International Capital Corporation Limited (CICCL) for breaches of the Code on Takeovers and Mergers (Takeovers Code).

Moscow Exchange: REPO Risk Parameters Change For The Security DSKY - Updates 1 to 6

Date 18/06/2020

Please follow the links below to access the information:

REPO risk parameters change for the security DSKY - Update 1
REPO risk parameters change for the security DSKY - Update 2

SteelEye Highlights The Need For A Data-Centric Approach To Compliance

Date 18/06/2020

 SteelEye, the compliance technology and data analytics firm, today published “Data-Driven Financial Services Compliance – Understanding the Opportunity”, a white paper which explores the key challenges faced by compliance teams within financial markets as they navigate regulatory change. 

FTSE4Good Bursa Malaysia June 2020 Semi-Annual Review - 6 New Inclusions And 2 Deletions From The FTSE4Good Bursa Malaysia Index

Date 18/06/2020

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) announced 6 new additions to the constituents of the FTSE4Good Bursa Malaysia (“F4GBM”) Index.

"Shanghai And Singapore: Financial Centre Partnership" - Panel Remarks By Mr Ravi Menon, Managing Director, Monetary Authority Of Singapore, At Lujiazui Forum 2020 On 18 June 2020 [Via Video Conference From Singapore]

Date 18/06/2020

China-Singapore Financial Co-operation

Let me first congratulate the Shanghai Municipal Government for successfully convening the Lujiazui Forum while the world is still grappling with the Covid-19 pandemic.

• Singapore is honoured to be the Lujiazui Forum’s Partner City this year.

Covid-19 has unleashed not only an economic crisis but also a growing fragmentation of the global economy.  This is a threat facing the whole world.

• But the countries in Asia are well placed to lead the global economic recovery and forge new channels of cooperation and integration.

CFFEX: Notice On Adjusting Trading Limits For CSI 300 Index Options

Date 18/06/2020

To facilitate the functioning of options products and safeguard market stability, pursuant to the Measures of China Financial Futures Exchange on Risk Control, China Financial Futures Exchange (CFFEX) hereby makes the following adjustments to the trading limits for CSI 300 index options.

Moscow Exchange: REPO Risk Parameters Change For The Security DSKY

Date 18/06/2020

As per the Securities market risk parameters methodology, on 18.06.2020, 10-08 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -99.49 %), penalty rate and IR Risk Rate (up to -0.294 rub) for the security DSKY were changed. New values are available here