News Centre

Debitum Network To Revolutionise Small Business Lending With Global, Blockchain-Based Ecosystem - Innovative Platform Delivers Loans For Up To 1 Million EUR In As Little As 24 Hours

Date 04/09/2018

Today, Lithuania-based startup Debitum Network launches an innovative global finance platform aimed at tackling the worldwide shortage of funding for small businesses at World Blockchain Forum(WBF) in London.

BETTER FINANCE Supports The German Association Of The Insured In Their Warning Against The Lack Of Transparency Of Life Insurance

Date 04/09/2018

The German Association of the Insured (BdV) just published a very strong statement against the inclusion of life-insurance products in PEPP.

"We share their analysis regarding the opacity of the life insurance sector.  The so-called “capital protection” provided by the basic PEPP is highly misleading as it only covers amounts after all accumulated fees since the beginning are deducted, and does not take into account the devastating impact of inflation on the purchasing power of pension savings over time. Worse, there is no prominent warning alerting pension savers about this dramatic impact of accumulated fees and inflation over time on this so-called “protection”.  Also, a key information document to compare with other alternative PEPP options would help, provided all relevant information on past performance of the product and of its benchmark and on fees is provided. We call on policy makers and on the insurance industry to address these issues", explains Guillaume Prache, Managing Director of BETTER FINANCE."

Common Energy Sector Statement - Keeping EU Energy And Emissions Markets Protected From VAT Fraud Beyond 2018 Urgent Need To Confirm The Extension Of The Derogation For A Domestic Reverse Charge Mechanism For Electricity, Gas And Emission Allowances In Art. 199a Of The VAT Directive

Date 04/09/2018

Click here to download a joint statement of the energy industry entitled "Keeping EU energy and emissions markets protected from VAT fraud beyond 2018" underlining the urgent need to confirm the extension of the derogation for a domestic reverse charge mechanism for electricity, gas and emission allowances in Art. 199a of the VAT Directive. Regarding Guarantees of Origin the energy industry claims to foster the harmonisation of VAT rules across Europe to avoid any divergence in interpretation in between Member States.

Post-Trade Distributed Ledger Group Joins Forces With Global Blockchain Business Council

Date 04/09/2018

The Post-Trade Distributed Ledger (PTDL) Group, founded in November 2015, which brings together major post-trade industry participants and regulators to share information and ideas about how distributed ledger technology can transform the post-trade landscape, has announced that it will merge with the Global Blockchain Business Council (GBBC). GBBC is the leading trade association for the blockchain technology ecosystem.

MDX Adds Market Data Industry Heavyweight To The Team - Ex Liquiditychain Lead Joins To Support Business Development And New Product Innovation

Date 04/09/2018

MDX Technology (MDX), a leading provider of real-time data collaboration and distribution solutions for the trading community, is delighted to announce that Darren Bishop has joined the firm to help to drive global business development activities and create innovative new product offerings. Reporting to MDX CEO Paul Watmough, Darren brings deep domain expertise, a unique understanding of the specialist needs of the MDX target customers, together with first-hand experience of building a specialist financial technology business.

Caitong Securities Goes Live With Horizon Platform For Options Trading On Shanghai Stock Exchange

Date 04/09/2018

Horizon Software (Horizon), the leading global technology provider for electronic trading and investment management, announced today that the China-based securities firm Caitong Securities  has gone live with its Options Trading platform to trade SSE 50 ETF options on the Shanghai Stock Exchange.  

ANNA And GLEIF Join Forces On ISIN LEI Initiative - Linking Both Standards To Improve Transparency And Aid Risk And Exposure Management

Date 04/09/2018

The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) today have announced the signing of a new initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs). The initiative has been created to help improve transparency of exposure by linking the issuer and issuance of securities.

HKEX: Scrip Dividend Scheme In Relation To The Interim Dividend For The Year Ending 31 December 2018 Calculation Of Market Value

Date 04/09/2018

On 8 August 2018, the Board declared the Interim Dividend which will be payable in cash with a scrip alternative to the Shareholders whose names appeared on HKEX’s register of members on the Record Date.  Pursuant to the Scrip Dividend Scheme and subject to the terms set out in the Circular, the eligible Shareholders have the right to elect to receive the Interim Dividend in New Shares instead of in cash, or partly in New Shares and partly in cash. 

Kotak Institutional Equities Strengthens Relationship With Itiviti - Firm Extends The Use Of Itiviti’s Execution Technology To Support Growth In India

Date 04/09/2018

Itiviti, the leading global provider of multi-asset trading technology and financial infrastructure, today announced that Kotak Institutional Equities (KIE), one of India’s leading brokerages, has extended the use of Itiviti’s connectivity platform and deployed Enhanced Direct Market Access (EDMA) to support the firm’s growing equities and derivatives trading business, and to enhance services to its global clients.

SIX Records Strong Growth During Transition Year

Date 04/09/2018

SIX recorded strong operational performance in the first half of 2018, exceeding the CHF 1 billion mark in its operating income for the first time in the company’s history. The operating income including the Cards business unit which is being continued in the strategic partnership with Worldline rising 8% year on year to stand at CHF 1,000.7 million. SIX also pressed ahead as planned with the strategic and organizational realignment announced in November 2017.