News Centre

singlerulebook.com Joins Eagle Lab LawTech Notting Hill

Date 06/11/2019

singlerulebook.com announced today that it is joining the Barclays Eagle Lab Law and Technology incubator in partnership with the Law Society of England and Wales.

FinTech: A Regulatory Strategy For A Dynamic Industry Keynote Speech At Hong Kong Fintech Week 2019 Mr Ashley Alder Chief Executive Officer, Hong Kong Securities And Futures Commission, 6 November 2019

Date 06/11/2019

At last year’s FinTech Week, I talked about some emerging regulatory views on technology in financial services, especially in relation to blockchain-based crypto assets.

HKEX 2019 Third Quarter Results

Date 06/11/2019

Financial Highlights

• Revenue and other income rose by 2 per cent compared with YTD Q3 2018, driven by:
  1. An increase in net investment income, including fair value gains on collective investment schemes and higher interest income, and record revenue and other income from Stock Connect;
  2. Partly offset by a reduction in trading and clearing fees from lower Cash Market, Derivatives Market and Commodities Market trading volumes
• Operating expenses fell 1 per cent against YTD Q3 2018 due to lower premises expenses as a result of adopting the new accounting standard for leases Excluding such impact, operating expenses increased by 6 per cent, attributable to higher staff and IT costs
• EBITDA was up 3 per cent against YTD Q3 2018, and EBITDA margin was 77 per cent, 1 per cent and 3 per cent higher than YTD Q3 2018 and the full 2018 fiscal year respectively
• Profit attributable to shareholders was 1 per cent lower than YTD Q3 2018, at $7,412 million 

ASX Monthly Activity Report - October 2019

Date 06/11/2019

Trading – Cash Markets (including equities, interest rate and warrant trades)

• In October 2019, the average daily number of trades was 19% higher than the pcp. The average daily value traded on-market of $4.5 billion was down 2% on the pcp. 
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in October, up on the previous month of 0.3%. 
• Expected future volatility (as measured by the S&P/ASX 200 VIX) in October was an average of 13.6 (compared to 13.1 in September).

CFTC Charges Denari Capital, LLC And Its Owners With $8.3 Million Forex Fraud

Date 05/11/2019

The U.S. Commodity Futures Trading Commission today announced the filing of a complaint in the U.S. District Court for the Northern District of California, charging defendants Travis Capson of Utah, Arnab Sarkar of California, and their California-based company, Denari Capital, LLC, with fraudulently soliciting more than $8.3 million from at least 28 participants. The participants’ funds were commingled in a pooled investment scheme that included leveraged or margined off-exchange foreign currency (forex). The complaint also charges defendants with registration violations and charges Capson with making false statements to the National Futures Association (NFA), the industrywide, self-regulatory organization for the U.S. derivatives industry.

FIA: October 2019 SEF Tracker

Date 05/11/2019

CFTC Unanimously Approves Proposed Rule, Acts On 3 Foreign Board Of Trade Registration Applications At November 5 Open Meeting

Date 05/11/2019

At the U.S. Commodity Futures Trading Commission’s open meeting today, the CFTC unanimously approved a proposed rule, approved applications for registration orders for three European exchanges, and held a charter signing ceremony for the agency’s new Veterans Affinity Group.

Statement On Shareholder Rights, SEC Commissioner Allison Herren Lee, Nov. 5, 2019

Date 05/11/2019

There is a common theme that unites the two proposals before us today: they both would operate to suppress the exercise of shareholder rights. 

Statement Of CFTC Commissioner Dawn D. Stump Regarding Foreign Board Of Trade Registration Applications Of Euronext Amsterdam, Euronext Paris, And European Energy Exchange

Date 05/11/2019

I am pleased to support the Orders of Registration before us today that will allow three foreign boards of trade (“FBOTs”) to permit identified members or other participants located in the United States (“U.S. Participants”) to enter trades directly into the FBOTs’ order entry and trade matching systems (a practice referred to as “direct access”).  Upon approval by the Commission, these three FBOTs would join 18 others that are currently registered under the CFTC’s FBOT registration rules.  I also am pleased to have this opportunity to discuss a successful, yet often overlooked, aspect of the CFTC’s regulatory program that reflects the principles that I believe should govern our approach – and that of our regulatory counterparts around the world – to the regulation of all market infrastructure providers. 

SEC Proposes Amendments To Modernize Shareholder Proposal Rule

Date 05/11/2019

The Securities and Exchange Commission today voted to propose amendments to modernize the rule that governs the process for shareholder proposals to be included in a company’s proxy statement.