News Centre

SIX Swiss Exchange: ETF Quarterly Statistics: 2nd Quarter 2016 - This Report Provides Detailed Figures Regarding The Performance Of SIX Swiss Exchange's ETF Segment

Date 21/07/2016

In the second quarter of 2016, SIX Swiss Exchange recorded an ETF trading turnover of CHF 22.3 billion, which equates to an increase of 1.3 billion relative to the same quarter in the previous year. This was revealed today in the latest edition of ETF Quarterly Statistics[pdf]. There were 236'896 ETF transactions carried out during this period. The average transaction size was CHF 96'403, corresponding to a slight decline quarter-on-quarter. At the same time, the number of transactions below CHF 10'000 in the second quarter stood at 97'375.

Meeting Of The Financial Stability Board In Chengdu On 21 July

Date 21/07/2016

The Financial Stability Board (FSB) met in Chengdu today to discuss current vulnerabilities and progress in addressing priority areas and deliverables for the G20 Leaders’ Summit in Hangzhou in September, including:

• Supporting the full, timely and consistent implementation of post-crisis reforms, while remaining ready to address any material unintended consequences.
• Addressing new and emerging vulnerabilities in the financial system, including potential financial stability risks associated with market-based finance, misconduct, and the reduction in correspondent banking relationships.
• Promoting robust financial infrastructure, by working with the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) to assess policies on central counterparty (CCP) resilience, recovery and resolvability, and to recommend any necessary improvements.
• Promoting effective macroprudential policymaking, by examining jointly with the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) lessons learned from national and international experience.

UK's Financial Conduct Authority Publishes Thematic Review Into Dark Pools

Date 21/07/2016

Firms operating dark pools have made significant progress in addressing the promotion and the management of conflicts of interest according to a new report from the Financial Conduct Authority (FCA) published today.

UK's Financial Conduct AuthorityTR16/5: UK Equity Market Dark Pools – Role, Promotion And Oversight In Wholesale Markets

Date 21/07/2016

We have surveyed the UK equity marketplace, focusing on dark pools and broker crossing networks,  by examining promotional activity and the identification and management of conflicts of interest by dark pool operators.

Remarks By U.S. Treasury Secretary Jacob J. Lew At Joint Press Conference With Greek Finance Minister Euclid Tsakalotos

Date 21/07/2016

I would like to thank both Prime Minister Tsipras and Minister Tsakalotos for hosting me in Athens today.

Over the last year, Greece has made significant progress in meeting important reform commitments, which has helped stabilize the economy and reduce uncertainty.  I was encouraged to see Greece and the creditor institutions reach a successful conclusion to the first program review in May.  It was also encouraging to see recent growth forecasts come in above expectations, a sign that a better futures lies ahead for Greece.

Deutsche Börse- London Stock Exchange Group: HLDCO123 PLC - Announcement Pursuant To Section 23 Para. 1 Sent. 1 No. 1 Of The German Securities Acquisitions And Takeover Act (Wertpapiererwerbs- Und Übernahmegesetz – “Wpüg”)

Date 21/07/2016

On 1 June 2016, HLDCO123 PLC, London, United Kingdom, (the “Bidder“) has published the offer document for its voluntary public takeover offer in the form of an exchange offer (“Takeover Offer“) to the shareholders of Deutsche Börse Aktiengesellschaft, Frankfurt am Main (“Deutsche Börse“), to acquire all no-par value bearer shares in Deutsche Börse (ISIN DE0005810055) (“Deutsche   Börse   Shares“)    for   a   consideration   of   one   (1)   share   of   the   Bidder (ISIN GB00BYMYCZ62) for one (1) Deutsche Börse Share, except for certain Japanese Deutsche Börse shareholders excluded from the Takeover Offer. As a result of the amendment of the Takeover Offer made on 11 July 2016, the acceptance period for the Takeover Offer has been extended by two weeks and, therefore, expires on 26 July 2016, 24:00 hours (CEST), unless it is extended again pursuant to the applicable rules under the WpÜG.

HKEX Announces New Head Of OTC Clearing

Date 21/07/2016

Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Jacky Mak as Managing Director, Head of OTC Clearing, effective Monday, 25 July 2016.  Mr Mak will be in charge of business development and operations of OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of HKEX.  He will report to Calvin Tai, HKEX's Head of Clearing.

EDHEC Risk Institute Releases Major New Research On Misconceptions In Smart Beta Investing

Date 21/07/2016

EDHEC Risk Institute has released a major new research publication on misconceptions in smart beta investing. The research reviews ten common but mistaken claims about smart beta that present risks for investors and sheds light on underlying issues.

HKEX: OTC Clear Receives Regulatory Approval To Clear USD/CNH Cross Currency Swaps

Date 21/07/2016

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announces that the Securities and Futures Commission has granted approval of its clearing services for cross currency swaps.  OTC Clear expects to launch the service in August of this year. 

UK's Payment Systems Regulator: Access All Areas: Supply Of Indirect Access To Payment Systems Improving Says Regulator

Date 21/07/2016

Work to open up access to payment systems is generating increasingly positive results according to the Payment Systems Regulator (PSR), which today published the final conclusions of its market review into competition in the supply of indirect access to payment systems.