News Centre

Tadawul Announces The Approval Of Exchange Rules And Procedures For The Updated Independent Custody Model And Aggregate Orders Model

Date 18/01/2018

(Tadawul) AIn reference to the market enhancements announced by The Saudi Stock Exchange (Tadawul) on January 10, 2018:
1.    Updating the Independent Custody Model (ICM) to enhance qualified institutional investors –locally and internationally- access to the market by providing more flexibility in trading limits for ICM clients.
2.    Introducing a new optional model to allow asset managers to aggregate the orders of managed assets (discretionary portfolios “DPs” and investment funds), assuring best execution and fair allocation for their funds and clients.

MNI Chicago Business Barometer December 2017 Revised Up To 67.8 Stronger Growth In Second Half Of 2017, Offset By Lower Growth In Q2

Date 18/01/2018

The December Chicago Business Barometer was revised up to 67.8 from 67.6 previously, following the annual seasonal adjustment recalculation.

Broadway Technology Caps Record Year Of Global Expansion - Completes $42 Million Capital Raise In 2017 - Grows Revenues By Over 25%

Date 18/01/2018

Broadway Technology, LLC, a provider of high-performance fintech and infrastructure solutions, completed the most successful year in its 14-year history as the company increased its annual revenue by more than 25% from 2016, expanded into the global fixed income markets by signing deals with three top tier banks, including Barclays, and gained substantial market share in FX with major banks.

CFTC Commissioner Behnam To Participate In A Panel Discussion At The ABA Business Law Section Derivatives And Futures Committee Meeting 2018

Date 18/01/2018

Exchange Data International Launches Global Economic Data

Date 18/01/2018

Exchange Data International (EDI) is pleased to announce the launch of it's new data offering: Global Economic Data.

Intercontinental Exchange And Blockstream Launch Consolidated Data Feed For Cryptocurrencies

Date 18/01/2018

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, and Blockstream, a leader in blockchain technologies and financial cryptography, announced today the launch of the Cryptocurrency Data Feed. ICE Data Services’ new feed offers real-time cryptocurrency information and will initially include data from more than 15 cryptocurrency exchange venues globally. The exclusive agreement between ICE Data Services and Blockstream offers extensive coverage of prices and order book data for bitcoin and several other leading cryptocurrencies.

Amending Article (17) Of The Market Conduct Regulations And The Term "Order" In The Glossary Of Defined Terms Used In The Regulations And Rules Of The Saudi Arabia Capital Market Authority

Date 18/01/2018

Pursuant to the CMA strategic goals of developing and regulating the capital market, and in line with the Saudi Arabia’s Vision 2030, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 02/06/1424H, the CMA Board has issued its resolution to:
a)    Amend paragraph (a) of Article (17) of the Market Conduct Regulations to read as follows:
"An authorised person must not aggregate a client's orders with those of other clients or with the authorised person's own orders if the order is for a security traded on the Saudi Stock Exchange, unless such aggregation is performed in accordance with any regulations, rules or procedures the Authority or the Exchange issues.".
b)    Amend the term "Order" in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority to read as follows:
"In relation to an order from a client:    
1)    an order to an authorised person from a client to execute a transaction as agent; or
2)    any other order to an authorised person from a client to execute a transaction in circumstances giving rise to similar duties as those arising from an order to execute a transaction as agent.
"order" shall include any decision by an authorised person to execute a transaction in exercise of discretion for a client, an investment fund that it manages or for the purpose of aggregating orders for its clients in accordance with the Market Conduct Regulations. The definition of order shall not include any requests for purchasing a new securities issue".

Solactive Publishes New Research Paper On Equally Weighted Versus Market Cap Weighted Index Strategies

Date 18/01/2018

Today, Solactive AG published a new research paper comparing the performance of equally weighted versus market cap weighted index strategies.

Visible Alpha Raises $38 Million In New Funding Round, Led By Goldman Sachs - Visible Alpha’s New Round Of Funding Includes Six New Strategic Investors And Follow-On Investment From All Existing Investors

Date 18/01/2018

Visible Alpha, an investment research technology firm founded by some of the world’s leading investment banks, today announced that it has secured an additional $38 million of equity financing. Visible Alpha will use this investment to fuel its explosive growth and maintain its leadership position among firms driving efficiency, transparency and alpha generation in the institutional research process and helping solve for the research valuation and budgeting requirements of MiFID II.

The World Federation Of Exchanges Publishes Best Practice Guidelines For Cyber Security Compliance

Date 18/01/2018

The World Federation of Exchanges (“The WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today published a set of best practice guidelines for market infrastructures designed to engender a staff culture of cyber security compliance.