News Centre

DFM Admits SHUAA Capital And Al Ramz Capital As Registered Market Makers And Liquidity Providers

Date 18/04/2017

• Hassan Al Serkal: “New service enables issuers to assign a licensed company to provide liquidity on its shares in order to enhance liquidity and achieve supply and demand balance”
• Jassim Alseddiqi: “SHUAA looks forward to playing a key role in enhancing market liquidity”
• Abdel Hadi Al Sa’di: “Market Making represents an essential function for capital markets to become efficient and more active”      

FlexTrade To Demonstrate Augmented Reality Trading At TradeTech Europe - Breakthrough FlexAR Technology Offers Glimpse Into The Future Of Trading

Date 18/04/2017

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, is pleased to announce “FlexAR” – an augmented reality trading application offering an extraordinary, new way of visualising and presenting trading via the company’s award-winning FlexTRADER® EMS.

Shanghai Stock Exchange: Notice Of Revision Of Some Articles Related To Bond Trading In “Shanghai Stock Exchange Trading Rules” And “Shanghai Stock Exchange Detailed Rules For Implementation Of Bond Trading”

Date 18/04/2017

Approved by the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) has revised some articles related to the collateralized repo of bonds in the “SSE Trading Rules” (the “Trading Rules” for short) and the “SSE Detailed Rules for Implementation of Bond Trading” (the “Detailed Rules” for short), and the specific amendments are as follows:

The FCA Publishes Its Mission And Business Plan

Date 18/04/2017

The Financial Conduct Authority (FCA) has today published its Mission, which gives firms and consumers greater clarity about how the FCA prioritises its interventions in financial markets.

Bursa Malaysia-i Wins Third Award As World’s First End-To-End Shariah-Compliant Investing Platform

Date 18/04/2017

Bursa Malaysia Berhad (“Bursa Malaysia”) today announced that its Bursa Malaysia-i platform was awarded the Gold Medal for The Most Innovative Non-Food & Services Category at the MIHAS Awards 2017 which was held at the Kuala Lumpur Convention Centre recently. This is the third global recognition since Bursa Malaysia-i was launched in September 2016. Bursa Malaysia-i is the world’s first end-to-end Shariah-compliant investing platform. 

Monetary Authority Of Singapore And UNCDF To Collaborate On Driving Financial Inclusion In ASEAN Region

Date 18/04/2017

The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) have formed a strategic partnership under the ongoing UNCDF’s SHIFT (Shaping Inclusive Finance Transformations) programme to facilitate the development and access to digital financial services in the ASEAN region.

Bursa Malaysia Organises Inaugural Shariah Investing Forum 2017

Date 18/04/2017

Bursa Malaysia Berhad’s (“Bursa Malaysia” or “the Exchange”) inaugural Shariah Investing Forum 2017 was held yesterday, 17 April 2017, where Shariah scholars, advisers and Islamic capital market and finance practitioners gathered to participate in industry-leading conversations that will pave the future direction of Malaysia’s Islamic capital market. The one-day forum attracted more than 300 participants. 

Shanghai Stock Exchange: Q&A On Revision To Some Articles On Collateralized Repo Of Bonds

Date 18/04/2017

Q: Today (14 April), the Shanghai Stock Exchange (SSE) announced the revisions to the “SSE Trading Rules” and the “SSE Detailed Rules for Implementation of Bond Trading”. What are the amendments and the main concerns?

A: In order to improve the management of the exchange-traded bond repo business, with the approval of the China Securities Regulatory Commission (CSRC), the SSE has made amendments to the “SSE Trading Rules” and the “SSE Detailed Rules for Implementation of Bond Trading”, and the new rules will come into force on May 22, 2017. The adjustments to the new rules mainly involve two aspects: the first is revising the interest-bearing rule for the collateralized repo, as the number of the interest-bearing days is changed from the nominal days of the repo term to the actual days of the outstanding funds, so as to eliminate the drastic volatility of the repo rates caused by the factor of holidays and weekends under the rule of the number of nominal interest-bearing days, and at the same time the number of interest-bearing days in a year is shifted from 360 days to 365 days; the second is modifying the calculation method of the closing price for collateralized repo, as it is altered from the volume weighted average price of all transactions in one minute before the last transaction on the very day to that in one hour, in a bid to improve the stability of the closing prices of repos.

SIFMA Comment Letters Critical Of DOL Fiduciary Rule - Calls For Further Extension, Suggests Path Forward For New Secretary

Date 18/04/2017

SIFMA today submitted a comment letter to the Department of Labor regarding the Department’s proposed delay and reconsideration of its fiduciary regulation. SIFMA AMG submitted a separate comment letter. In both cases, SIFMA and SIFMA AMG call for the DOL to delay the applicability of the rule beyond June 09, 2017 in order to allow for a proper review of the rule, consistent with the President’s February 3, 2017 memorandum.   

NZX Joins UN Sustainable Stock Exchange Initiative

Date 17/04/2017

NZX today announced that it has joined the United Nations Sustainable Stock Exchange (SSE) initiative as a partner exchange.