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Transforming Culture In Financial Services - Speech By Andrew Bailey, Chief Executive Of The FCA, At The Transforming Culture In Financial Services Conference

Date 19/03/2018

Highlights

• Work on firm culture is embedded in the work of our supervisors and is an important priority for the FCA.
• Essays in our Discussion Paper on transforming culture in financial services indicate that culture is about encouraging and incentivising good things, not just stopping bad things from happening.
• The Senior Managers Regime and measures to govern the payment of remuneration are important developments in creating incentives for good culture.

Risk Focus APIX Powers Xignite’s CloudAddin

Date 19/03/2018

Risk Focus, Inc., the specialist provider of trading, regulatory, and risk services, announced today that its APIX For Excel product is the engine that powers Xignite Inc.’s  CloudAddin, a Microsoft® Excel Add-In, specifically designed for Excel power users, application developers and data scientists. APIX powered Xignite CloudAddIn lets analysts, portfolio managers and quants access and integrate streaming real-time, fundamentals and historical financial market data directly into Excel spreadsheets. APIX is unique in its ability to dynamically expose enterprise service APIs to Excel® in the form of easy-to-use native functions. APIX, combined with zero footprint data APIs from Xignite, completely eliminates the need to store or manipulate market data on customer site.

Seismic Foundry FinTech Fund Invests In Second Capital Markets FinTech Firm

Date 19/03/2018

Seismic Foundry closed its second investment this week, acting as lead investor in a RegTech start-up called Enforcd, which uses technology to aid regulatory compliance.

Abu Dhabi Securities Exchange (ADX) Launches A Roadshow To New York On March 26th

Date 19/03/2018

Abu Dhabi Securities Exchange (ADX), the region's leading financial market, is launching its first roadshow for the year 2018 in New York City accompanied by a number of its listed companies.  The roadshow will take place on the 26th and the 27th of March. 

Moscow Exchange: Risk Parameters Change On Securities Market

Date 19/03/2018

CCP NCC is changing IM rates on Securities market starting from March 23, 2018 for the following bonds:

Advanced Tech Will Be Essential To Fixed Income Trading In A Post-MiFID II Marketplace, Study Reveals - A Liquidnet Report Highlights Specific Innovations That European Bond Dealing Buy-Side Desks Will Need, Including EMS Adoption, Message Standardisation, Artificial Intelligence, And Critical Tech Upgrades

Date 19/03/2018

Liquidnet, the global institutional trading network, today published the results of a recent survey of global asset management firms that explores how MiFID II impacts the role of technology in trading corporate bonds. According to the study, titled ‘Future Tech—Trading Bonds Post MiFID II’, 86% of respondent firms had technology in place to comply with the MiFID II European regulation implementation date. This is still a work in progress, however, with 86% of firms currently in the process of re-configuring workflows and 68% improving data collection.

Japan Exchange Regulation: Introduction Of Artificial Intelligence To Market Surveillance Operations

Date 19/03/2018

Japan Exchange Regulation ("JPX-R") and Tokyo Stock Exchange, Inc. ("TSE") decided to apply artificial intelligence (AI) to market surveillance operations to detect such misconduct as market manipulation. Deployment of AI to market surveillance operations will commence today.

HKEX: Exchange Publishes Its Latest Listing Committee Report

Date 19/03/2018

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), on Monday published its Listing Committee Report for 2017, a review of the Listing Committee’s work in upholding market quality during the year and an overview of its policy agenda for 2018 and beyond.

Chair Sets Out FSB Priorities For The Argentine G20 Presidency

Date 18/03/2018

The Financial Stability Board (FSB) today published a letter from FSB Chair Mark Carney to G20 Finance Ministers and Central Bank Governors ahead of their meetings in Buenos Aires on 19-20 March. The letter notes that the current backdrop of strong and balanced global growth is underpinned by a resilient global financial system that is the product of determined efforts by the G20 and FSB over the past decade.

From Now, It Will Be Cheaper For Companies To Make Issuances On TASE

Date 18/03/2018

​On March 13, 2018 a tax bill passed its final hearings in the Knesset, whereby issuance expenses are to be recognized and deductible for tax purposes. The bill proposes that every company or partnership that issues equity and is listed on the Tel-Aviv Stock Exchange (TASE) will be able to deduct the issuance expenses of shares or participation units that are listed on TASE. This measure is expected to provide more Israeli companies with an incentive to go public, giving the Israeli public the opportunity to be part of the success of the Israeli companies.