News Centre

Nasdaq Dubai Announces Names Of 12 Saudi Companies On Which It Will Launch Equity Futures In September

Date 31/07/2018

• The companies selected are large and liquid stocks active in major industries 
• The new products are part of the exchange’s plans to launch regional opportunities for international investors

ASIC Approves The Banking Code Of Practice

Date 31/07/2018

ASIC has approved the Australian Banking Association’s (ABA’s) new Banking Code of Practice (the Code).

Circular Of Shanghai International Energy Exchange On Trading Margin Update For Crude Oil Futures Contracts SC1901 And SC1902

Date 31/07/2018

Shanghai International Energy Exchange（hereinafter referred to as “INE”）, the subsidiary of Shanghai Futures Exchange has released its circular on the trading margin update for crude oil futures contracts SC1901 and SC1902 listed below effective since the daily clearing process begins on August 2, 2018:

• The trading margin rate of contracts SC1901 will be updated from 7% to 6% of the contract value.
• The trading margin rate of contracts SC1902 will be updated from 7% to 5.5% of the contract value.
• For each of the above contracts, if the open interest reaches 30,000 lots (two-sided) at the market close, the trading margin rate shall return to 7% since the daily clearing process begins.
• In the case that the above adjusted trading margin rates vary from other trading margin rates prescribed in the INE’s rules, the higher ones will prevail. Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin requirements.

Thomson Reuters Selects CryptoCompare For Cryptocurrency Data - CryptoCompare Adds Order Book And Trade Data For 50 Cryptocurrencies To Thomson Reuters Eikon

Date 31/07/2018

CryptoCompare, the global cryptocurrency market data aggregator, has entered into a strategic partnership with Thomson Reuters, the world’s leading source of news and information for professional markets. Under the agreement, CryptoCompare will integrate order book and trade data for 50 coins, sourced from a wide variety of trusted exchanges, into Thomson Reuters financial desktop platform Eikon, providing institutional investors with reliable insight into the crypto asset market as a whole.

Monetary Authority Of Singapore Issues Prohibition Order Against Alan Tay Yeow Kee For Insider Trading

Date 31/07/2018

The Monetary Authority of Singapore (MAS) has issued a 5-year prohibition order (PO) against Mr Alan Tay Yeow Kee. Mr Tay will be prohibited from carrying out any regulated activities and from taking part in the management, acting as a director, or becoming a substantial shareholder of any capital market services firm under the Securities and Futures Act (SFA).

Tokyo Commodity Exchange: Periodic Review Of Top 10 Volume By Member

Date 31/07/2018

TOCOM publishes the “Top 10 Volume by Member” report, which contains information on the members holding 10 largest trade volumes, with the name of each member and the number of trade volume (the total of buy and sell transactions) for each commodity.

ASIC Updates Guidance For Funds Management Industry

Date 31/07/2018

ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the Asia Region Funds Passport and brings all of ASIC's funds management policies up to date to help promote industry-wide consistency.

Statement Announcing SEC Staff Roundtable On The Proxy Process, SEC Chairman Jay Clayton

Date 30/07/2018

Shareholder engagement is a hallmark of our public capital markets, and the proxy process is a fundamental component of that engagement. In 2010, the Commission issued a concept release seeking public comment on whether the U.S. proxy system as a whole operates with the accuracy, reliability, transparency, accountability, and integrity that shareholders and companies should expect. In light of the many changes in our markets, technology, and how companies operate since then, SEC staff will host a roundtable this fall to hear from investors, issuers, and other market participants about whether the SEC’s proxy rules should be refined.

IMF Managing Director Christine Lagarde Appoints Rhoda Weeks-Brown As General Counsel Of The IMF And Director Of The Legal Department

Date 30/07/2018

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced her intention to appoint Rhoda Weeks-Brown as the IMF’s General Counsel and Director of the Legal Department. Ms. Weeks-Brown succeeds Mr. Sean Hagan whose retirement was announced previously. She is expected to begin her work in this capacity on September 17, 2018.

FINRA Requests Comment On Fintech Innovation In The Broker-Dealer Industry

Date 30/07/2018

FINRA today issued a Special Notice seeking comment on how it can support financial technology (fintech) innovation consistent with its mission of investor protection and market integrity. The announcement builds on an initiative FINRA launched last year to improve communication with the securities industry around fintech. In addition, FINRA requests comment on certain fintech areas, including the provision of data aggregation services, supervisory processes concerning the use of artificial intelligence, and the development of a taxonomy-based machine-readable rulebook. The Notice requests comment by October 12, 2018.