News Centre

Saudi Stock Exchange (Tadawul): An Announcement Of Publishing The Draft Of Updated Mergers And Acquisition Regulations For Public Consultation

Date 24/04/2017

Pursuant to the Capital Market Authority's role in developing and regulating the capital market, and to its endeavors to make the capital market more stable, in line with the National Transformation Program and Saudi Arabia’s Vision 2030, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 2/06/1424H, the CMA Board has issued its Resolution on publishing the draft of the updated Mergers and Acquisition Regulations seeking the comments and observations of the public, the concerned and the interested thereon, until  28/8/1438H corresponding to  24/5/2017G.
 It is worth mentioning the draft regulations aims to regulate mergers and acquisitions. This includes regulating mergers through the general assembly, offering proposals, mandatory and permissive offers and disclosure requirements, as well as demonstrating the timetables of these transactions, , Also a Provisions on Reverse Takeover and Demergers.  

SIX Swiss Exchange: Index Adjustments In Conjunction With The Takeover Of Actelion Ltd

Date 24/04/2017

In conjuction with the takeover of Actelion Ltd and in compliance with the SMI rulebook, extraordinary index basket adjustments will be made on 02 May 2017, after the close of trading, with effect from 03 May 2017. Actelion Ltd (ISIN CH0010532478) will be excluded from the SMI indices of SIX Swiss Exchange. Following further index basket changes with effect from 03 May 2017 will be made.

Rates Revolution — US Treasuries: Technology For A Fragmenting Market

Date 24/04/2017

Celent has released a new report titled Rates Revolution — US Treasuries: Technology for a Fragmenting Market. The report was written by Brad Bailey, a Research Director with Celent’s Securities & Investments practice.

Securities And Exchange Commission: Telecom Executives Agree To Pay Penalties For FCPA Violations

Date 24/04/2017

The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA).

LME Launches Discussion Paper On Market Structure

Date 24/04/2017

The London Metal Exchange (LME) and LME Clear are today publishing a discussion paper on the LME’s market structure which comprehensively sets out the LME’s vision and invites feedback from market participants.

Moscow Exchange: The Additional Trading Session Starts Later For Derivatives On 4, 11, 17, 18 And 25 May

Date 24/04/2017

Please note that the Derivatives Market evening trading session will begin five minutes later, i.e. at 7:05 pm MSK, on 4, 11, 17, 18 and 25 May 2017, as these are the last trading days for options contracts (in accordance with clause 7.2 of the Rules of organized trading for the Moscow Exchange Derivatives Market).

Vela’s Jennifer Nayar Named CEO Of The Year In Markets Media’s Markets Choice Awards

Date 24/04/2017

Vela Trading Technologies, a global leader in high performance trading and market data technology, is delighted to announce that Jennifer Nayar has been voted CEO of the Year in the Markets Media Markets Choice Awards 2017. 

DTCC Names Four New Members To Board Of Directors

Date 24/04/2017

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that four new members have been elected to its Board of Directors.

MNI PINCH - Rate Probabilities Tick Higher As Risk Fades

Date 24/04/2017

With less political risk following Emmanuel Macron winning the first round of the French Presidential Election, probability of interest
rates rising in the 3 major centres have moved higher Monday, with the Eurozone seeing the highest increase. MNI PINCH calculation of probabilities of interest rate change are below:

Al Mawared Amman Stock Exchange Weekly Report 24 April 2017

Date 24/04/2017

The ASE sheds 9 points for the week as banks and industrials weigh

• Jordanian stocks lost 9 points or 0.44% last week amid lower volumes with the general index closing Thursday’s session at 2219.1 points. 
• On the sectoral front, all sector indices closed the week in red except for the diversified financials and services sectors with the industrial sector recording the biggest loss of 2.03% WTD. 
• Heavyweights Arab Potash (APOT) (-8.8%) and Al-Eqbal Investment Company (EICO) (-4.2%) weighed on the industrial sector during the week. 
• Banking blue-chip, Bank of Jordan (BOJX), also contributed to market losses after falling by 7.9% for the week after passing its ex-dividend date.