News Centre

BIS: The Macroeconomic Spillover Effects Of The Pandemic On The Global Economy

Date 06/04/2020

Key takeaways

• Given the historical persistence of economic activity, the reduction of GDP due to confinement measures is likely to drag on over several quarters. The total GDP shortfall could be as much as twice that implied by the direct initial effects of confinement.
• This persistence reflects in part two types of spillovers across countries. One is due to the risk that uncoordinated confinements lead to repeated virus outbreaks and confinements across the globe. Another is the more traditional trade and financial integration interlinkages.
• Economic spillovers and spillbacks across the major economic blocs are large. There is no immunity from the economic effects if the epidemic is controlled in only one or two regions. Countries should adopt confinement, border control and macroeconomic policies that internalise these global considerations.

HKEX Risk Management Arrangements In Respect Of The Easter Holidays – Reminder 1

Date 06/04/2020

Reference is made to the circular (Reference No.: CD/CDCRM/076/2020) dated 31 March 2020 regarding the risk management measures to be adopted by SEOCH in respect of the forth-coming Easter Holidays.

Eventus Systems Rapidly Expands Market Coverage, Now Actively Surveilling 100+ Venues Globally - Adding 10 New Venues In Q1 With 8 In Europe, Firm Continues To Scale Platform For Growing Client Base

Date 06/04/2020

Eventus Systems, Inc.<https://www.eventussystems.com/>, a multi-award winning global trade surveillance and risk management software platform provider, today announced that its Validus platform is now actively surveilling activity for clients on more than 100 exchanges and trading venues around the world. The global coverage spans a diverse range of asset classes, with 10 new markets - eight of them European - added in the first quarter alone.

HKEX: Risk Management Arrangements In Respect Of The Easter Holidays – Reminder

Date 06/04/2020

Reference is made to the circular dated 31 March 2020 (Reference No.: CD/CDCRM/075/2020) regarding the risk management arrangements in respect of the forth-coming Easter Holidays.

Cappitech Provides Market Volume Insight - Transaction Volumes More Than Double In March 2019

Date 06/04/2020

Extreme volatility in March 2020 as the market reacted to the Covid-19 pandemic had a corresponding impact on market volumes. Using data gained from about 250,000,000 trades executed by our clients, Cappitech offers some clarity on this trading activity.

HKEX Monthly Market Highlights

Date 06/04/2020

Highlights

- Securities Market

• Market capitalisation was $32.8 trillion at the end of March 2020, a decrease of 3 per cent from $33.8 trillion for the same period last year.
• The average daily turnover in March 2020 was $141.7 billion, an increase of 28 per cent from $110.6 billion for the same period last year.
• The average daily turnover for the first three months of 2020 was $120.9 billion, an increase of 20 per cent when compared with $101.1 billion for the same period last year.
• The average daily turnover of ETFs for the first three months of 2020 was $6.3 billion, an increase of 47 per cent when compared with $4.3 billion for the same period last year.
• Total funds raised for the first three months of 2020 was $93.4 billion, an increase of 107 per cent when compared with $45.1 billion for the same period last year.

ACER: The European Gas Market: Analysing The Role Of Transmission Tariffs

Date 06/04/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) publishes today a report assessing the implementation of the Network Code on harmonised transmission tariff structures for gas, which was designed to facilitate cross-border trade by providing a level playing field between domestic and cross-border users and by increasing transparency.

GPW Becomes A Participant Of The United Nations Global Compact

Date 06/04/2020

• GPW has joint participants of the UN Global Compact, the biggest global initiative of the UN Secretary General which brings together sustainable businesses
• The Warsaw Stock Exchange has for years been engaged in educational initiatives concerning social, ethical and environmental issues

DTCC Comments On Basel Committee And IOSCO Announcing The Deferral Of Final Implementation Phases Of The Margin Requirements For Non-Centrally Cleared Derivatives

Date 06/04/2020

 Commenting on Basel Committee and IOSCO announcing the deferral of final implementation phases of the margin requirements for non-centrally cleared derivatives, John Straley, Executive Director, Institutional Trade Processing, DTCC, said:

DTCC supports the decision by the Basel Committee on Banking Supervision (BCBS) and International Organization of Securities Commissions (IOSCO) to delay the implementation of the final two phases of the uncleared margin rules (UMR) for non-centrally cleared derivatives by one year as a result of the Covid-19 pandemic. Covid-19 is an industry-wide challenge and the additional time provided by the UMR delay will be welcomed by industry participants as they focus resources on managing risks associated with current market volatility in conjunction with future regulatory requirements.

Euronext Announces Volumes For March 2020

Date 06/04/2020

Euronext, the leading pan-European exchange in the Eurozone, announced trading volumes for March 2020.