News Centre

Hong Kong's Securities And Futures Commission: Court Of Final Appeal Dismissed Leave Application Of C.L. Management Services Limited And Its Sole Owner

Date 15/11/2016

The Court of Final Appeal (CFA) has dismissed C.L. Management Services Limited (C.L. Management) and its sole owner and director Ms Clarea Au Suet Ming’s application for leave to appeal against their convictions for holding out to provide advisory services on corporate finance without a licence from the Securities and Futures Commission (SFC).

UBS Teams Up With Clearstream And Citi For Innovative T2S Strategic Solution

Date 15/11/2016

• Innovative model combines best of Central Securities Depository (CSD) and agent bank services
• Leading local market asset services and expertise
• UBS will be the first financial services firm to start onboarding from 2017

Mark Fawcett Appointed New Chairman Of EDHEC-Risk Institute’s International Advisory Board

Date 15/11/2016

EDHEC-Risk Institute is pleased to announce the appointment of Mark Fawcett as chairman of its international advisory board. He is Chief Investment Officer of NEST Corporation, the trustee body responsible for running NEST, the National Employment Savings Trust. NEST was set up specifically to support changes that meant UK employers now have to automatically enrol their workers into a workplace pension scheme. Since its creation in 2011 NEST has become one of the largest master trusts in the UK and currently has over 200,000 employers signed up, 3.7 million members and over £1.2 billion assets under management.  

ICAP Appoints Guy Rowcliffe Head Of Asia Pacific, Post Trade Risk And Information Services

Date 15/11/2016

ICAP, a leading markets operator and provider of post trade risk mitigation and information services, announces today that Guy Rowcliffe, CEO of RESET, has been appointed Head of Asia Pacific, ICAP Post Trade Risk and Information Services (PTRI). In this newly created role, Guy will be responsible for Asia Pacific regional strategy for ICAP’s PTRI business and will represent the company amongst regulators, industry bodies and committees. Guy will continue in his role as CEO of RESET and will report to Jenny Knott, Chief Executive Officer of ICAP’s PTRI division.

We Succeeded In Making 2016 A Year Of Digital Transformation For ADX – Al Blooshi: 16 Years Of Innovation, Continious Development, And Growth

Date 15/11/2016

Abu Dhabi Securities Exchange (ADX) Chief Executive, Rashed Al Blooshi said that the continuous growth in ADX performance during the past 16 years  is closely aligned with the vision and aspirations of the wise leadership that considers the improvement of the performance as the best way to continue achieving comprehensive development.

Packed Week Of Activities In Cooperation With Leading Institutions And Innovation Experts: DFM Highlights Its Smart And Leading Services During The UAE Innovation Week 2016

Date 15/11/2016

• H.E. Essa Kazim: “DFM is at the forefront of innovative and smart service providers markets in line with leadership’s vision and the National Innovation Strategy aims to place the UAE amongst the most innovative nations globally”
• DFM plans to launch new services and products developed based on the outcome of the inaugural round of Innovation Week
• The exchange will organize workshops and brain storming sessions to deepen innovation culture amongst employees
• DFM stand at the trading floor enables participants to  learn  about DFM’s innovative solutions developed as part of its “Smart Borse” strategy

HKEX: Updated Arrangements For Adjustment Of SMIC Futures

Date 15/11/2016

Hong Kong Exchanges and Clearing Limited (HKEX) has announced updated arrangements for the capital adjustment of Semiconductor Manufacturing International Corporation (SMIC) stock futures contracts.  For details please refer to the circular. 

The Nasdaq Dubai Equity Futures Panel At Today’s FOW GCC Trading Conference, Dubai

Date 15/11/2016

Left to right: Ross Abbott, Managing Director – Head of Capital Markets, SHUAA Capital; Marie Salem, Director - Capital Markets, FFA Dubai; Racha Al Khawaja, Head of Institutional Coverage, Menacorp; Tahir Mahmood, Acting Head of Business Development, Nasdaq Dubai.

The panelists discussed the rapid growth so far and enormous potential of Nasdaq Dubai’s equity futures market, which opened on September 1, 2016. Daily average trading is running at more than 4,500 contracts so far in November.

SETL, Deloitte And Metro Bank Put Sterling Onto The Blockchain For Consumer Payments

Date 15/11/2016

SETL, Deloitte and Metro Bank completed a series of firsts this week in London.  SETL provided a contactless smartcard enabled blockchain allowing digitised payments, Deloitte exercised its blockchain ID system known as Smart Identity and Metro Bank hosted a connected client account.  In an initial test, over 100 users were issued with contactless smartcards and used them to make purchases from merchants equipped with contactless terminals.  Consumers and merchant balances were updated live-time with all balances held at Metro Bank.

UK's Financial Conduct Authority Introduces Cap On Early Exit Pension Charges

Date 15/11/2016

The Financial Conduct Authority (FCA) has today announced its final rules on capping early exit charges for consumers eligible to access the government’s pension reforms from age 55.