News Centre

Saudi Stock Exchange Added To S&P DJI Indices - Recent Upgrade To Emerging Market Status By All Three Leading Global Index Providers Reflects Rapid Progress Of Ongoing Market Enhancements

Date 26/07/2018

The Saudi Stock Exchange (Tadawul) is pleased to announce today that S&P Dow Jones Indices (S&P DJI), a leading provider of global equity indices, upgraded the Kingdom of Saudi Arabia to "Emerging Market" from its previous "Standalone Market" country classification.  The move by S&P DJI follows the recent decisions by MSCI and FTSE Russell to add Saudi Arabia to their respective emerging market indices.  The Kingdom will become eligible for inclusion in certain S&P DJI's global benchmark index families in two phases concurring with the March 2019 quarterly rebalancing and the September 2019 annual reconstitution. 

European Central Bank Monetary Policy Decisions

Date 26/07/2018

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term.

BNP Paribas Asset Management Awarded Top PRI Score For Fourth Consecutive Year

Date 26/07/2018

BNP Paribas Asset Management (‘BNPP AM’) has been awarded the top score of A+ for its global approach to responsible investing.  The score was awarded by the Principles for Responsible Investment (‘PRI’) in its 2018 assessment report and demonstrates the level of excellence of BNPP AM's expertise in terms of research, transparency and integration of ESG criteria.

SatoshiPay Receives €566,000 Investment From Crypto Specialist And Targets London IPO

Date 26/07/2018

SatoshiPay (‘the Company’), at the vanguard of providing frictionless global micropayment infrastructure based on blockchain technology, initially to digital content creators, has received a €566,000 cash injection from serial technology/crypto investor Daniel Masters and announced its intention to IPO in London.  Already backed by Axel Springer, one of Europe’s biggest media houses, as well as specialised funds including Blue Star Capital and KR1 and experienced business angels such as Jim Mellon, the Company is aiming to rapidly scale its micropayment technology and build on its existing media focussed clients. 

ADX Grants Daman Investments Licenses To Provide Technical Short Selling Service

Date 26/07/2018

In line with its strategy to enhance the UAE’s investment environment and support its sustainable economic growth, the Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, granted Daman with the license to provide Technical Short Selling (TSS) service to its clients, making it the fifth company on the Exchange to do so. The announcement was made during a bell ringing ceremony on ADX’s trading floor, in the presence of representatives and executive management from both sides.

ETFGI Reports Assets Invested In ETFs And ETPs Listed In Japan Reached A Record High Of US$312 Billion At The End Of June 2018

Date 26/07/2018

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that that assets invested in ETFs and ETPs listed in Japan reached a record high of US$312 billion at the end of June 2018, surpassing the previous record of US$311 billion set at the end of May 2018. (All dollar values in USD unless otherwise noted.)

Statement By IMF Managing Director Christine Lagarde On The US–EU Meeting

Date 26/07/2018

IMF Managing Director Christine Lagarde issued the following statement today:

“I am pleased to learn that the United States and European Union reached agreement today to work jointly to reduce trade barriers and, together with other partners, strengthen the WTO. The global economy can only benefit when countries engage constructively to resolve trade and investment disagreements without resort to exceptional measures.”

US Department Of Justice: Two Former Deutsche Bank Traders Charged With Deceptive And Manipulative Trading Practices In U.S. Commodities Markets

Date 25/07/2018

Two former employees of Deutsche Bank AG, a global financial institution, were charged in an indictment returned by a Chicago federal grand jury yesterday with engaging in fraudulent and manipulative trading involving precious metals futures contracts, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William Sweeney of the FBI’s New York Field Office.

FIA Releases Half-Year Report On Futures And Options Volume - Total Volume Up 19.7% Over First Half Of 2017

Date 25/07/2018

FIA today released its half-year 2018 report on trading activity in the global exchange-traded derivatives market.

The total number of futures and options traded worldwide in the first half of the year reached 14.9 billion contracts, up 19.7% compared to the first half of 2017. Open interest, which measures the number of outstanding contracts, was 850.7 million contracts at the end of June, roughly unchanged from a year ago.

Kristin Snyder Named Deputy Director Of OCIE

Date 25/07/2018

The Securities and Exchange Commission today announced that Kristin Snyder has been named Deputy Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).