News Centre

Coordinated Central Bank Action To Enhance The Provision Of U.S. Dollar Liquidity

Date 15/03/2020

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

Federal Reserve Issues FOMC Statement

Date 15/03/2020

The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial conditions have also been significantly affected. Available economic data show that the U.S. economy came into this challenging period on a strong footing. Information received since the Federal Open Market Committee met in January indicates that the labor market remained strong through February and economic activity rose at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending rose at a moderate pace, business fixed investment and exports remained weak. More recently, the energy sector has come under stress. On a 12‑month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation have declined; survey-based measures of longer-term inflation expectations are little changed.

NZX Response To Coronavirus (COVID-19)

Date 15/03/2020

NZX has considered the Government’s announcement on 14 March 2020 of new border controls to protect New Zealanders from COVID-19, and advises that we do not foresee any impact from these measures on the continued full operation of our markets, regulatory function, or services to customers.

NZX Regulation Issuer Update: Coronavirus (COVID-19)

Date 15/03/2020

Please see attached an Issuer Update published this morning, and sent to all NZX issuers, providing guidance by NZX Regulation on Listing Rules issues arising out of COVID-19 event.

U.S. Equity Market Resiliency During Times Of Extreme Volatility

Date 15/03/2020

From global shocks like Coronavirus and oil price fluctuations, market participants must always be prepared for unanticipated volatility. There is a comprehensive range of actions, rules and market mechanisms that aim to prevent extreme price dislocations and temper extraordinary volatility. These important innovations aim to deliver tangible benefits to market participants, liquidity providers and global investors. The following are a few of the most significant protections in place.

Dubai Financial Market Successfully Implements The Largest Ever Technology Upgrade Throughout Its History

Date 15/03/2020

• The Nasdaq Financial Framework (NFF), including the Packaged CCP, Market Surveillance and Nasdaq Matching Engine, creates a world-class combined ecosystem for multi-asset trading, surveillance and clearing activities
• H.E. Essa Kazim: “Significant milestone that further strengthens Dubai’s leading position as a capital markets’ hub, as the UAE preparers for the next 50 years of its momentous journey”
• Hassan Al Serkal: “The new trading engine empowers the DFM with a fast, high throughput and efficient protocol that accommodates more than 80 thousand trades per session”
• Maryam Fekri: “Going-live with the first Nasdaq Packaged CCP clearing system for cash equities globally equips us to launch Dubai Clear, the UAE's first independent equities Central Counter Party Company”
• Paul McKeown: “Nasdaq’s clearing and matching technology delivers the highest levels of reliability, greater flexibility and effectiveness, as well as the compatibility and openness between applications and external systems"

EGX Trading Session Suspended For 30 Minutes

Date 15/03/2020

It was decided to suspend Sunday 15/03/2020 trading session for 30 minutes, as the EGX 100 Index reached a decrease of 5%.

Egypt’s Financial Regulatory Authority Takes Protective Measures To Prevent Spread Of The 2019 Novel Coronavirus (COVID-19)

Date 15/03/2020

Judge Khaled El-Nashar - FRA’s Deputy Chairman said that the Authority started taking protective measures to prevent spread of the 2019 Novel Coronavirus (COVID-19). He noted that these protective measures included increasing levels of readiness and preparedness and raising the efficiency of medical clinics to be ready to deal with any suspected cases. He added that more than 100 sterilization units were distributed within FRA’s headquarters.

Dalian Commodity Exchange Holds “3·15 Investor Protection” Video Training

Date 15/03/2020

To strengthen the protection on investors’ rights and interests, carry out the education and publicity on the new “Securities Law of the People's Republic of China”, and urge small and medium-sized investors to learn about the capital market reform and set up a correct investment concept, Dalian Commodity Exchange (DCE) has organized the online series video training on “3·15 Investor Protection” at the approach of the World Consumer Rights Day on March 15. The training is held at 3:30-5:55 pm on March 13, 16 and 17.

Abu Dhabi Securities Exchange (ADX) Temporarily Closing Trading Halls - The Exchange Will Continue To Provide Comprehensive Access To Trading Services Through Its Sahmi Digital Platform - The Preventive Measure Is Effective From Sunday 15th March And Aims To Ensure And Maintain Maximum Health Protection

Date 15/03/2020

Abu Dhabi Securities Exchange (ADX) announced to the investor community that the Exchange is temporarily closing its trading hall in its main offices in Abu Dhabi as well as those in the other Emirates starting from today, Sunday 15th March 2020 until further notice. This was taken by ADX as a precautionary measure to protect public health in the United Arab Emirates and ensure the health and safety of visitors.