News Centre

Hong Kong’s Securities And Futures Commission Commences Proceedings In Market Misconduct Tribunal Against CMBC Capital Holdings Limited And Its Former Directors For Late Disclosure Of Inside Information

Date 18/12/2018

The Securities and Futures Commission (SFC) has commenced proceedings in the Market Misconduct Tribunal (MMT) against CMBC Capital Holdings Limited (CMBC Capital) for failing to disclose inside information as soon as reasonably practicable.

FundedByMe granted approval to start operating in Dubai and will become the United Arab Emirates first DFSA regulated and DIFC incorporated Equity Crowdfunding Platform

Date 18/12/2018

Following the strategic growth of FundedByMe, aiming at becoming the most global crowdfunding platform, today the platform announces final steps to launch its operations in Dubai for the UAE and the MENA region.An in-principle license has been granted conditional to completing the setup of the local entity. Operations will commence early in 2019.

Market Cap Segment Review At Nasdaq Nordic Exchanges

Date 18/12/2018

Nasdaq (Nasdaq: NDAQ) reports that the annual review of its Nordic market capitalization (market cap) segments is completed. The revision is based on the average market cap value in November 2018. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on Nasdaq’s exchanges in Stockholm, Helsinki, Copenhagen and Iceland.

DFSA Enhances Its Funds Regime

Date 18/12/2018

Changes to the DFSA Collective Investment Funds regime, on which the Dubai Financial Services Authority (“DFSA”) consulted in October last year, will come into force today coinciding with the enactment of the DIFC Companies Law 2018 (“Companies Law”). The DFSA consultation included a wide-ranging set of proposals to support the continued development of the growing Funds industry in the Dubai International Financial Centre (“DIFC”). The DIFC now has almost 70 Funds, most of which have been registered over the last two years.

Semi-Annual Review Of The First North 25 Index - New Portfolio Of The First North 25 Index Will Become Effective January 2, 2019

Date 18/12/2018

Nasdaq (Nasdaq:NDAQ) announced today the updated results of the semi-annual review of the First North 25 Index (Nasdaq Stockholm: FN25) that will become effective with the market open on Wednesday, January 2, 2019.

DGCX And FXCM Group Sign Mou To Collaborate On New FX Products

Date 18/12/2018

The Dubai Gold and Commodities Exchange (DGCX) and FXCM Group, LLC(FXCM Group or FXCM), a leading international provider of online foreign exchange trading, CFD trading, bitcoin and related services, today announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate on launching new and innovative FX products on the DGCX.

Taiwan Futures Exchange Newsletter- December 2018

Date 18/12/2018

In November TAIFEX introduced Electronic Sector Index futures in the after-hour session to be in line with its strategy to offer more products in night session to better serve the market. Since its launch in 2017, TAIFEX after-hour session has demonstrated a strong growth by seeing its trading volume climbing up to 20% of the regular session this year, as well as a surge in foreign participation from 11% in 2017 to 21% in 2018. Particularly, the dramatically increasing trading volume in the after-hour session is expected to boost TAIFEX average daily trading volume in 2018 to a record high level, surpassing 1.25 million contracts per day. 

FIX Trading Community Collaborates With Trade Associations For The London EMEA Trading Conference In March 2019 Including AFME, ICMA, EDMA And BVI

Date 18/12/2018

FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced that the EMEA Trading Conference on 14th March 2019 will be held in association with a number of Trade Associations, including: The Association for Financial Markets in Europe, AFME, International Capital Market Association, ICMA, the European Debt Market Association, EDMA, and the German Investment Funds Association, BVI.

creditshelf Launches First Digital Securitisation Of SME Loans Together With Crosslend

Date 18/12/2018

• Digital securitisation of credit claims that have originated on the creditshelf platform by new partner CrossLend 

UK’s Financial Conduct Authority Announces Proposals To Fundamentally Reform The Way Banks Charge For Overdrafts And Extends Protections For Other High-Cost Credit Products

Date 18/12/2018

The Financial Conduct Authority (FCA) has today announced the next package of measures forming part of its high-cost credit review. It has announced proposals to change how banks charge for overdrafts, which would bring to an end to banks charging higher prices for unarranged overdrafts. Alongside this the FCA has published the results of its review into the retail banking market.