News Centre

Johannesburg Stock Exchange: New Rules Launched For New Derivatives Market Default Fund

Date 14/03/2013

Safcom - the clearing house for the JSE’s derivatives market – today announced the promulgation of the rules enabling the establishment of a default fund intended to add another layer of investor protection in the exchange traded derivative market. The need for the fund arises from the financial crisis of 2008, which prompted coordinated efforts to improve global market stability. Internationally, derivatives markets must now have prefunded resources to provide capital (in addition to the collateral posted by participants) in case a clearing member defaults. The fund aims to reduce the impact of this risk and thus limit the liability for Safcom’s clearing members, most of whom are banks. Safcom calls for approximately R14billion in margin to cover trading valued at R350 billion per day.

DGCX Implements Scila Surveillance

Date 14/03/2013

Dubai Gold & Commodities Exchange, DGCX, has successfully implemented its new market monitoring system, Scila Surveillance, into production. Scila Surveillance is an integral part of a significant technology infrastructure update at DGCX. Together with Cinnober’s platforms for trading, real time clearing and risk management; Scila Surveillance completes the DGCX’s technology platform, EOS

Quarterly Index Review To Lift JSE Equities Volumes - Large Trading Volumes Expected Tomorrow On The JSE’s Equity Market As A Methodology Change To The FTSE/JSE Africa Index Series Is Implemented

Date 14/03/2013

Market watchers can expect to see large trading volumes on the JSE’s equity market tomorrow as a methodology change to the FTSE/JSE Africa Index Series is implemented. This change will impact all investments that track an index including unit trusts, exchange traded funds, institutional funds as well as index derivatives products.

HKMEx Welcomes Industrial Securities And Yuanta Futures As New Members - Additions Further Promote Cross-Strait Commodities Trading

Date 14/03/2013

The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, today welcomes the China-backed Industrial Securities (Hong Kong) Futures Ltd and Taiwan-backed Yuanta Futures (Hong Kong) Co. Ltd as its latest broking members – further strengthening HKMEx’s Greater China reach and enhancing the development of cross-strait futures trading.

Securities Commission Malaysia: A Record Year For Malaysia’s RM2.5 Trillion Capital Market

Date 14/03/2013

The Malaysian capital market registered a record performance in 2012 with the overall size reaching RM2.5 trillion, a 16.4% increase from RM2.1 trillion in 2011. All market segments saw double digit growth between the range of 14.1% to 22.6%.

DGCX Selects MSCI Indices For Emerging Markets Equity Products Expansion

Date 14/03/2013

Dubai Gold and Commodities Exchange (DGCX) announced today that it has signed a licensing agreement with MSCI, a leading provider of investment decision support tools, to create a futures contract based on the MSCI India Index.

UBS Publishes Annual Report 2012

Date 14/03/2013

UBS's Annual Report for 2012 provides comprehensive information on the firm, its strategy, business, governance and financial performance. 

KVH Announces Japan’s First 100G Metro Ethernet Network Service - Collaborating With Ciena And Cyan Platforms To Take Full Advantage Of Proven Technology And New Innovations

Date 14/03/2013

KVH Co. Ltd., Asia’s leading information delivery platform headquartered in Tokyo, Japan, today announced it has launched a ground-breaking 100 Gigabit Metropolitan Ethernet network service, a first in Japan, that will be available from March 14, 2013.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Composite And Global Mining Indices

Date 13/03/2013

S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: 

The shareholders of Uranium One Inc. (TSX:UUU) have voted to accept the terms of a Plan of Arrangement with majority shareholder JSC Atomredmetzoloto (ARMZ) whereby the shares of Uranium One will be acquired for cash consideration of $CDN2.86 per share. Uranium One will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion, the S&P/TSX Global Mining, and the S&P/TSX Composite Equal Weight Indices after the close of trading on Wednesday, March 20, 2013. Note that Uranium One is already scheduled to be removed from the S&P/TSX Composite High Beta Index after the close on Friday, March 15, 2013.

DTCC Reports Increased Annuity Inflows In January

Date 13/03/2013

The Depository Trust & Clearing Corporation (DTCC) Insurance & Retirement Services (I&RS) has released key findings on activity and trends in the market for annuity products in January. The report is based on data, obtained from the millions of transactions processed by and entrusted to I&RS, available through its online Analytic Reporting for Annuities information service.