News Centre

Seedrs To Launch A Secondary Market

Date 08/05/2017

• In response to huge investor demand, the Neil Woodford-backed equity crowdfunding platform announces the launch of a secondary market.
• Investors will have the opportunity to sell shares of companies they invested in through Seedrs, thereby realising early returns. Meanwhile, investors who want to add to their position in a Seedrs company will be able to buy shares through this market.
• Entrepreneurs will benefit from the flexibility this provides their investors, reducing pressure to exit the business prematurely.
• Businesses considering raising money through Seedrs are likely to find that the prospect of secondary sales makes it easier for them to attract capital.

Dubai Commodities Clearing Corporation Launches ‘ActiveRisk’ Risk Management System

Date 08/05/2017

The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) called ActiveRisk.

Investor Communications Japan (ICJ) Electronic Voting Platform Surpasses 800 Participating Issuers

Date 08/05/2017

Broadridge Financial Solutions, Inc. (NYSE: BR) announced today that Investor Communications Japan (ICJ), a joint venture of Broadridge and the Tokyo Stock Exchange, Inc. (TSE), has exceeded 800 participating share-issuing companies on its "electronic proxy voting platform" (hereafter referred to as the "ICJ platform").  There were 834 issuers on the platform as of 2 May 2017, which represents 80% growth over the past three years.

Nasdaq Stockholm Orders Oscar Properties AB To Pay Fine Corresponding To Two Annual Fees

Date 08/05/2017

The Disciplinary Committee of Nasdaq Stockholm has found that Oscar Properties AB (“Oscar Properties”) has breached Nasdaq Stockholm’s regulations (“the Rule Book”) and, accordingly, has imposed a fine on Oscar Properties amounting to two annual fees, corresponding to an amount of SEK 410,000.

Securities Commission Malaysia And World Bank Discuss Greater Role Of Islamic Infrastructure Finance

Date 08/05/2017

Islamic finance can play a greater role in infrastructure financing via Public Private Partnerships (PPP) to facilitate more sustainable developments, said Securities Commission Malaysia (SC) and World Bank Group at a joint conference held at the SC’s headquarters at Kuala Lumpur today.

Japan's Financial Services Agency, Bank Of Japan: Comments On The Intermediate EU Parent Undertakings Proposal

Date 08/05/2017

The Financial Services Agency and the Bank of Japan sent a comment letter on April 17, 2017 to the European Parliament (Chair of ECON, Rapporteurs on CRD and BRRD), the Council of the European Union (Director in charge of ECOFIN) and the European Commission(Director General at DG FISMA) regarding the comprehensive package of proposals to further strengthen the resilience of EU banks, which the Commission published last November.

The CMU-Q Algorithmic Trading Competition Celebrates Closing Ceremony At The Qatar Stock Exchange Sponsored By Mazaya Qatar

Date 08/05/2017

The closing ceremony of the first Carnegie Mellon University in Qatar (CMU-Q) Algorithmic Trading Competition was held at the Qatar Stock Exchange (QSE) last week, with prizes going to the top three student teams. The competition brings together students from different disciplines to code a profitable and strategic program for trading in financial markets.

Tokyo Commodity Exchange April 2017 Market Summary - TOCOM April 2017 Volume Averaged 83,875 Contracts, Down 9.8% Platinum Rolling Spot Continues To Trade Actively Into The Second Month

Date 08/05/2017

The Tokyo Commodity Exchange announced today that April 2017 daily average volume was 83,875 contracts, down 9.8% from March. Volume increased for agricultural products, such as Corn, which was up 42.6% to 1,338 contracts. Volume for most other products, including TOCOM’s most active contracts, decreased: Gold Standard dropped 13.2% to 21,035 contracts and Gold Rolling Spot declined 27.7% to 11,493 contracts.

New Zealand's Financial Markets Authority: KiwiSaver Trial To Target Decision-Making A Decade Out From Retirement

Date 07/05/2017

The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old.

State Street Comments On French General Election Results

Date 07/05/2017

In reaction to the French general election results, Timothy Graf, head of macro strategy EMEA at State Street Global Markets, and Bill Street, head of investments for EMEA at State Street Global Advisors, offer their views.