News Centre

Hong Kong Securities And Futures Commission Bans Kwok Chau Mo For Nine Months

Date 28/05/2020

The Securities and Futures Commission (SFC) has banned Mr Kwok Chau Mo, a former fund manager of Guosen Securities (HK) Asset Management Company Limited (GSHKAM), for nine months from 28 May 2020 to 27 February 2021.

German Banking Leader KfW Teams With FIS To Transform Risk Management Operation

Date 28/05/2020

Financial technology leader FIS announced today that KfW, one of the largest banks in Germany, has successfully completed a multi-year project to transform its risk management operations using advanced technology from FIS.

Tokyo Commodity Exchange: Base Prices For August 2021 Contracts Of Peakload Electricity On The First Trading Day

Date 28/05/2020

The base prices for Immediately Executable Price Range (DCB Level) and Circuit Breaker Trigger Level (SCB Level) for August 2021 contracts of Peakload Electricity on the First Trading Day, May 29^th, 2020, shall be as below.

Shanghai International Energy Exchange Co., Ltd Approves Sinopec Petroleum Reserve Co., Ltd, Rizhao Branch To Increase Active Storage Capacity For Crude Oil Futures

Date 28/05/2020

Shanghai International Energy Exchange Co., Ltd, subsidiary of Shanghai Futures Exchange，has released the Notice on the Approval of Sinopec Petroleum Reserve Co., Ltd, Rizhao Branch to Increase Active Storage Capacity for Crude Oil Futures on May 28, 2020. It has approved the active storage capacity of Sinopec Petroleum Reserve Co., Ltd. (located on Lanshan North Port Area, Rizhao, Shandong Province), to be increased from 600,000 m3 to 1,000,000 m3, with an approved storage capacity of 1,200,000 m3.

Deutsche Börse Enters Partnership With Chinese Data Provider Wind

Date 28/05/2020

Bank Of Cyprus Commits To Higher Payments Standards With HPS’ PowerCARD Solution

Date 28/05/2020

HPS, the leading multinational provider of payment solutions, today announced that Bank of Cyprus, the largest banking and financial services group in Cyprus, completed the migration to HPS’ PowerCARD solution to replace its legacy systems.

Tether (USDt) Use Spikes On DeFi Lending Protocol Aave

Date 28/05/2020

Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and Aave Protocol, an open source and non-custodial money market protocol, have witnessed a surge in demand for Tether (USDt), amid growing interest in decentralised finance (DeFi).

SIX Exchange Regulation AG: FINMA Grants Licence As Prospectus Office

Date 28/05/2020

The Swiss Financial Market Supervisory Authority FINMA has granted SIX Exchange Regulation AG (“SER”) approval to act as a prospectus office pursuant to the Financial Services Act (FinSA), effective 1 June 2020. With the new provisions of the FinSA the regulations for prospectuses were standardized on 1 January 2020, thereby strengthening customer protection and boosting the competitiveness of the financial centre.

Push And Baker Technology Partner To Deliver Bespoke Real-Time Trading Systems

Date 28/05/2020

Push Technology, the pioneer and leader in real-time data streaming and messaging solutions, today announced  a partnership with Baker Technology, a specialist user interface software engineering firm. Baker builds bespoke trading systems for global investment banks and exchanges, with a core focus on single-dealer and exchange trading systems, and real-time business intelligence applications.

The World Federation Of Exchanges Publishes Update On Industry Cyber Efforts During The Pandemic

Date 28/05/2020

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, today published a report detailing measures the industry has taken to adapt and enhance existing cyber resilience tools during the pandemic, as exchanges and CCPs across the world successfully moved to operate remotely.