News Centre

BOX Regulation: Order Protection Rules In Open Outcry Trading

Date 29/09/2017

BOX Regulation is issuing this circular to remind Participants of the rules that must be followed when trading in open outcry on the BOX Trading Floor. This circular addresses rules pertaining to order protection and will cover the proper procedures that must be followed in order to help ensure compliance with these rules.

Nigerian Stock Exchange Weekly Stock Market Report For September 29, 2017

Date 29/09/2017

A total turnover of 1.326 billion shares worth N14.086 billion in 14,703 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.096 billion shares valued at N17.859 billion that exchanged hands last week in 16,070 deals.  

IISL Index Dashboard For The Month Ended September 2017

Date 29/09/2017

Summary:

• NIFTY 50 closed at 9,788.60 as on September 29, 2017, decrease of 129.30 points (-1.30%) as against 9,917.90 as on August 31, 2017.
• The free float market capitalization of NIFTY 50 index was USD 576.54 Bn. as on September 29, 2017 as against USD 585.75 Bn. as on August 31, 2017. The free float market capitalization of NIFTY Next 50 index was USD 99.94 Bn. as on September 29, 2017 as against USD 110.59 Bn. as on August 31, 2017.
• During the 1 month period ending September 29, 2017, NIFTY Pharma gained the most (3.53%) amongst all the indices whereas the NIFTY PSU Bank index (-7.57%) was the biggest loser. Biggest gainers in various categories are NIFTY Midcap 150 (0.32%) in broad market index category, NIFTY CPSE (2.25%) in thematic index category and NIFTY Pharma (3.53%) in sectoral index category.
• During the 3 month period ending September 29, 2017, the biggest overall gainer was NIFTY Metal Index (18.69%) and biggest gainers in various categories are NIFTY Next 50 (4.97%) in broad market index category, NIFTY Energy (10.11%) in thematic index category, NIFTY Alpha 50 (6.70%) in strategy index category and NIFTY Metal (18.69%) in sectoral index category.
• The biggest overall gainer during the 1 year period ending September 29, 2017 is NIFTY Metal (40.77%) and biggest gainers in their respective index categories are NIFTY Smallcap 250 (23.76%) in broad market index category, NIFTY Energy (30.92%) in thematic index category, NIFTY Alpha 50 (29.23%) in strategy index category and NIFTY Metal (40.77%) in sectoral index category. NIFTY Pharma index (-19.97%) was the biggest loser during the 1 year period.
• During the month, as part of quarterly review of indices, IISL on September 13, 2017 announced replacements in various strategy indices. For more details please refer the press release at http://www.niftyindices.com/Press_Release/ind_prs13092017.pdf.

New EEX Emissions Auction System Release

Date 29/09/2017

In October 2017 EEX will release an upgraded version of its Emissions Primary Spot Market Auctions platform ‘ComXerv Auction System (CAS)’.

Bats Welcomes New PowerShares Fund To The Bats ETF Marketplace - 41 Issuers, 234 Funds Now Listed On Bats In The U.S.

Date 29/09/2017

Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed a new PowerShares PureBeta fund to the Bats ETF Marketplace. The launch brings the total number of PowerShares funds listed on the Bats ETF Marketplace to 16.

Indian Renewable Energy Development Agency (IREDA) Chooses London To Launch First Green Masala Bond

Date 29/09/2017

• Becomes first green Masala bond on London Stock Exchange’s new International Securities Market (ISM) 
• IREDA Chairman and MD, Mr. Kuljit Singh Popli, opens London trading to celebrate the bond launch 
• Reinforces London’s status as most international financial centre and India’s partner of choice

EBA And US Agencies Conclude Framework Cooperation Arrangement On Bank Resolution

Date 29/09/2017

The European Banking Authority (EBA) has signed a Framework Cooperation Arrangement with several US financial regulatory Agencies. The Framework Cooperation Arrangement lays out the basis for subsequent cooperation arrangements on bank crisis management and resolution between any of the EU Supervisory or Resolution Authorities and any of the participating US Agencies. This Framework Cooperation Arrangement has the objective to promote resolution planning and cooperation for cross-border institutions.

London Stock Exchange Approved As An ARM For MiFIR Reporting

Date 29/09/2017

• FCA approves London Stock Exchange as an Approved Reporting Mechanism (ARM) through its UnaVista platform
• LSEG providing single connectivity solutions for firms’ pre- trade transparency and post-trade reporting requirements

EBA Issues Opinion On The Design Of A New Prudential Framework For Investment Firms

Date 29/09/2017

The European Banking Authority (EBA) published today its Opinion on the design and calibration of a new prudential framework for investment firms, which is specifically tailored to the needs of investment firms' different business models and inherent risks. The Opinion includes a series of recommendations aiming to develop a single and harmonised set of requirements that are reasonably simple, proportionate and relevant to the nature of investment firms authorised to provide MiFID services and activities.  

CFTC Charges California Residents Hasan Sarwar a/k/a Alexander Sarwar, And Rachida Elfrimi With Operating A $1.19 Million Dollar Ponzi Scheme And Registration Violations

Date 29/09/2017

The Commodity Futures Trading Commission (CFTC) on September 28, 2017, filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Hasan Sarwar a/k/a Alexander Sarwar (d/b/a Profit Management Int) of Rancho Cucamonga, California, and his spouse Rachida Elfrimi (d/b/a Profit Management). The CFTC Complaint charges the Defendants with defrauding commodity pool participants, making Ponzi-style payments to pool participants from other participants’ funds, comingling of pool funds, and failing to register with the CFTC as Commodity Pool Operators, as required.