News Centre

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.

DGCX Welcomes ICBC As A Clearing And Settlement Bank

Date 15/11/2016

Dubai Gold & Commodities Exchange (DGCX) today announced that Industrial and Commercial Bank of China Limited (ICBC), the world’s largest bank, has joined as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) - a wholly owned subsidiary of DGCX that acts as a central counterparty for all trades executed on the Exchange. With the addition of ICBC, DCCC has expanded its network of Settlement and Clearing Banks to 6 global banks.

Qatar Stock Exchange: The MSCI Index Review

Date 15/11/2016

MSCI announced the result of the periodical review. For the Companies listed at QSE The outcome of the review is as follows:

Shenzhen Stock Exchange Market Bulletin 14 November, 2016, Issue 38

Date 15/11/2016

According to a report jointly published by the National Bureau of Statistics (NBS), the Ministry of Science and Technology and the Ministry of Finance, China's research and development (R&D) spending has consistently gone up and reached about US$ 208.4bn in 2015, up 8.9 percent over 2014. Last year's R&D expenditure equaled 2.07 percent of the GDP, up from 2.02 percent in 2014 and marking the third straight year above the 2-percent mark. Chinese companies were the largest contributor, according to the report. Enterprises, led by those in the manufacturing, computer and telecommunications sectors, spent about US$ 156.0bn on R&D in 2015, up 8.2 percent from the previous year and accounting for 76.8 percent of the total.

Nasdaq Names Adena Friedman Chief Executive Officer - Robert Greifeld Nasdaq Chairman Of The Board

Date 14/11/2016

Nasdaq is today announcing its Board of Directors has named Adena Friedman President and Chief Executive Officer, and she will also join the Board of Directors, effective January 1, 2017.

SEC Chair Mary Jo White Announces Departure Plans - Strengthened Protections For Investors And Our Markets Through Transformative Rulemaking And Vigorous Enforcement

Date 14/11/2016

SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration.  Under Chair White’s leadership, the Commission strengthened protections for investors and the markets through transformative rulemakings that addressed major issues highlighted by the financial crisis.  The Commission also instituted a new approach to enforcement that has resulted in greater accountability and record actions through, among other things, the use of admissions of wrongdoing and enhanced data analytics and technology.

London Champions Green Finance On The Global Stage

Date 14/11/2016

The UK leads the world in Green Finance because of the City’s mix of expertise and innovation, according to a report published by the City of London Corporation’s Green Finance Initiative today (11 November).