News Centre

ASIC: Consultation On The Proposed Establishment Of A Global Financial Innovation Network

Date 08/08/2018

The Australian Securities and Investments Commission (ASIC) is, in collaboration with 11 international financial regulators, and related organisations, consulting on the proposed creation of the Global Financial Innovation Network (GFIN).

HKEX 2018 Interim Results

Date 08/08/2018

Market sentiment weakened in Q2 2018 amid increased uncertainties and concerns over the trade war initiated by the US. Cash Market headline ADT in Q2 2018 dropped to $106.8 billion, 27 per cent below Q1 2018, but was 37 per cent above Q2 2017. With the inclusion of China A shares in MSCI Inc’s Emerging Markets Index in Q2 2018, the Northbound ADT reached record quarterly high, being 7 per cent higher than the previous record achieved in Q1 2018. Trading volumes in the Derivatives Market moderated in Q2 2018 due to decreased volatility, with a 5 per cent drop in the ADV of HKFE contracts and 28 per cent drop in ADV of stock options against Q1 2018.

Tokyo Commodity Exchange July 2018 Market Summary - TOCOM July 2018 Daily Volume Averaged 85,716 Contracts, Down 23.2% YoY

Date 08/08/2018

The Tokyo Commodity Exchange reported today that average daily volume for July 2018 was 85,716 contracts, down 23.2% year-over-year. The Platinum Standard contract rose 16.5% to 13,132 contracts while TOCOM’s other major products had lower volume: Gold Standard was down 4.2% to 28,272 contracts, Gold Mini fell 23.2% to 2,828 contracts, Gold Rolling Spot was 42.3% lower at 7,078 contracts and Dubai Crude Oil fell 38.5% to 18,823 contracts.

US Department Of Justice: Former Convergex Global Markets CEO Pleads Guilty In New Jersey For Role In Securities And Wire Fraud Scheme

Date 07/08/2018

The former Chief Executive Officer of ConvergEx Global Markets Limited (CGM Limited) pleaded guilty this afternoon in federal court in Newark, New Jersey for his role in a scheme to commit securities and wire fraud from 2006 through 2011. 

Tesla Short Selling Update - IHS Markit

Date 07/08/2018

In light of today's breaking news on Tesla, IHS Markit analyst Sam Pierson released the following commentary. 

In dollar terms, today’s price move took Tesla's equity short position above $13bn for the first time, the previous peak being $12.8bn on June 14th. The short interest equates to 20.7% of outstanding shares, down from a YTD peak of 23% observed in June. The short value is higher than any S&P 500 stock, only Under Armor has a higher percentage of outstanding shares short with 24%. 

NZX Confirms Changes To Trading And Clearing Pricing Structure

Date 07/08/2018

NZX confirms it will implement changes to its trading and clearing pricing structure on 1 October 2018. Targeted policy changes and technology improvements will be introduced alongside pricing changes.

Tradeweb On Track For Record Year Of Trading Activity

Date 07/08/2018

The Tradeweb Monthly Activity Report for July, which captures fixed income, derivatives and ETF trading volume on the platform for the first 7 months of the year, was published today.

Milken Institute & California State Treasurer Highlight Ways Green Bonds Can Help Close Multi-Trillion Dollar Financing Gap To Repair U.S. Infrastructure - New Report Offers Innovative Solutions To Create A Robust Market To Support Sustainability

Date 07/08/2018

The challenge of fixing America’s deteriorating infrastructure and making it more resilient to the effects of extreme weather and climate change underscores the need for a more robust green bond market, according to a report released today by the Milken Institute and California State Treasurer John Chiang.

Piaba Report: To Protect Retirement Savers, “Major Surgery” Needed To Fix Shortcoming Of SEC “Best Interest Standard” Proposal - Attorney Group Outlines 15 Major Changes To SEC Rule Proposal to Ensure Conflicts Of Interest Adequately Disclosed, Investor Needs And Limits Are Recognized.

Date 07/08/2018

Unless the U.S. Securities and Exchange Commission (SEC) makes 15 major changes to its “Best Interest Standard” rule proposal, the Commission “will further perpetuate the status quo of allowing Wall Street brokerage firms and brokers to peddle high cost, conflict laden investments and investment strategies,” according to a new report from the Public Investors Arbitration Bar Association (PIABA).

SEC Charges Cloud Communications Company And Two Senior Executives With Misleading Revenue Projections

Date 07/08/2018

The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates.  The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges.