News Centre

HKFE Announces Revised Margins For Futures Contracts

Date 29/10/2014

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Monday, 3 November 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below. The adjustments are based on the clearing company’s normal procedures and standard margining methodology.

Deutsche Bank Appoints Sam Wisnia As Head Of FIC Structuring And Head Of Strategic Analytics For CB&S

Date 29/10/2014

Deutsche Bank AG today announced the appointment of Sam Wisnia as Head of Fixed Income & Currencies (FIC) Structuring and Head of Strategic Analytics for Corporate Banking and Securities (CB&S), effective 1 November 2014. Mr. Wisnia will also be a member of the Global Markets Executive Committee. 

SGX: Recent Spike Of Volatility In The SiMSCI Index

Date 29/10/2014

• The MSCI Singapore Index (SiMSCI) futures recorded higher volatility in mid-October with the 10-day volatility gauge for the underlying index returning to September 2013 levels.
• The SiMSCI futures maintain a historically close correlation with the underlying cash index, allow market participants to take advantage of market’s twists and turns.
• Combined with the ability to trade the SiMSCI futures after hours, its recognised correlation to the underlying cash index saw a 42% jump in volume during the first half of October.

UK's Financial Conduct Authority Fines Yorkshire Building Society £4,135,600 For Failings In Dealing With Customers In Mortgage Arrears

Date 29/10/2014

Yorkshire Building Society (YBS) has today been fined £4,135,600 for failings when dealing with its mortgage customers experiencing payment difficulties.

EEX Opens New Office In Milan

Date 29/10/2014

Today, the European Energy Exchange (EEX) will officially open its office in Milan with an evening reception. The move follows the successful entry of EEX in the Italian energy market.

Comments On The Federal Reserve’s Ending Of Its Quantitative Easing Programme, Professor Philip Booth, Cass Business School

Date 29/10/2014

Commenting on the Federal Reserve’s ending of its quantitative easing programme, Professor Philip Booth, Cass Business School said:

 "The Fed's QE programme has always been dangerous, especially as it involved the purchase of private sector securities. It is now over six years since the end of the financial crisis and the time for 'emergency' measures has come to an end. I therefore welcome the end to QE and the Fed should divest itself of the private sector credit instruments it holds as quickly as is practical."

Eurex Exchange Strengthens Offering In Volatility Derivatives - DRW Supports Variance Swap Futures Liquidity As Market Maker - Advanced Services Available For Testing Of Trading Strategies

Date 29/10/2014

Eurex Exchange continues to ensure market support for its recently launched listed variance futures contract, which is based on the EURO STOXX 50, the most prominent equity index in Europe. 

SGX Announces Resignation Of Chief Regulatory Officer

Date 29/10/2014

Singapore Exchange (SGX) today said Richard Teng, Chief Regulatory Officer, has decided to leave the organisation effective 28 February 2015.

UK's Serious Fraud Office: LIBOR Investigation - Further Charge

Date 29/10/2014

Yesterday the Serious Fraud Office has issued criminal proceedings against Noel Cryan, a former employee at Tullett Prebon Group Ltd, in connection with the manipulation of LIBOR.

It is alleged he conspired to defraud between 1 February 2009 and 3 December 2009.

This brings to thirteen the number of people facing charges in respect of LIBOR.  The first criminal conviction in the UK, arising from the Serious Fraud Office's LIBOR investigation, was entered on 3 October 2014.

The investigation continues.

HKEx To Extend Its After-Hours Futures Trading Close To 11:45 Pm From 3 November

Date 29/10/2014

Beginning from 3 November 2014, the close of Hong Kong Exchanges and Clearing Limited’s (HKEx) after-hours futures trading (AHFT) of Hang Seng Index (HSI) Futures, H-shares Index (HHI) Futures, Mini HSI Futures, Mini HHI Futures and Renminbi Currency (RMB) Futures* will be extended from 11:00 pm to 11:45 pm.  In addition, the close of the AHFT clearing session will be extended from 11:45 pm to 12:30 am.