News Centre

TheCityUK Responds To Productivity Focused Autumn Statement

Date 23/11/2016

Following the Autumn Statement, TheCityUK supports measures taken by Chancellor Philip Hammond to boost productivity and deliver economic stability.

BME And BIG BAN ANGELS Create The First Pre-Market Environment In Spain For Start-Ups - Entrepreneurs And The Spanish Stock Market Operator Launch A Joint Project

Date 23/11/2016

• The pre-market environment will give start-ups access to new investors and an insight into the functioning of the stock market, thereby boosting access to private investment.
• Start-ups wishing to gain access to the pre-market environment must have been operational for 2 years, they must submit their audited accounts over the last 2 financial years, and be seeking investment of between 500,000 and 2 million euros.

European Commission - EU Banking Reform: Strong Banks To Support Growth And Restore Confidence

Date 23/11/2016

The Commission is presenting today a comprehensive package of reforms to further strengthen the resilience of EU banks.

Hong Kong’s Securities And Futures Commission Proposes To Enhance Asset Management Regulation And Point-Of-Sale Transparency

Date 23/11/2016

The Securities and Futures Commission (SFC) today launched a three-month consultation on proposals to enhance the regulation of the asset management industry in Hong Kong to better protect investors’ interests and ensure market integrity.  

Capital And Credit Management: Broker-Dealers Coping With The Pace And Change Of Regulation: Thought Piece From Andrew Powell, Chief Operating Officer, Softek

Date 23/11/2016

In this second instalment of the three part article series focusing on capital and credit management, we explore how broker-dealers are coping with the changes in regulation, the operating models they are having to implement, key trends and future changes.

Dalian Commodity Exchange Rolls Out Measures To Control Market Risks Of Ferrous Products

Date 23/11/2016

On 9th November Dalian Commodity Exchange (DCE) issued two notices, announcing to adjust the trading margins of the metallurgical coke and coking coal futures and the non-intraday trading fee for the iron ore futures, and implement the trading limit system for the metallurgical coke and coking coal futures, which stipulates that the positions of a single futures product taken by a non-futures-company member or client in a single day should not exceed 1,000 contracts, but the positions taken for the hedging trading are not subject to this limit.

Deutsche Börse Acquires Stake In Figo

Date 23/11/2016

DB1 Ventures, the Corporate Venture Capital arm of Deutsche Börse Group, has participated in a Series B financing round for the Hamburg-based FinTech company figo GmbH and is investing a seven-digit amount for a significant minority stake. Further investors are reputable business angels from Germany. figo raised around €6.8 million in total in the current financing round.

ADX Signs MOU With Al Ain University Of Science And Technology

Date 23/11/2016

Abu Dhabi Securities Exchange (ADX) signed a memorandum of understanding (MoU) with Al-Ain University of Science and Technology (AAU).  The MoU forms part of ADX's commitment to support educational initiatives and to encourage and promote professional investment skills across the UAE, to the very highest international standards.

Horizon And Neo & Partners Global Collaborate In Asia To Create Innovative Trading Environment

Date 23/11/2016

Horizon Software (Horizon), the leading global technology provider for electronic trading and investment management, today announced its collaboration with Neo & Partners Global (NPG), Asia’s and Singapore’s first provider of smart electronic trading ecosystems coined as The Trading-Atrium. The partnership, which will be officially announced during an event held on the 6th of December at NPG’s Trading-Atrium facility in Singapore, reinforces the island’s position as a leading international financial trading hub.

Clearstream Launches Cross-Border Settlement Solution

Date 23/11/2016

• ICSD to provide settlement agent services to DekaBank for equity and fixed income
• Domestic settlement of cleared trades in Belgium, France and the Netherlands