News Centre

Direxion Launches Two ETFs Tracking The Solactive US AI & Big Data Index

Date 15/05/2024

The artificial intelligence market is poised for continued growth, with the global AI market projected to reach US$106.50 billion in 2024 and increase to US$237.10 billion by 2030. The United States is expected to represent the largest market size at US$106.50 billion in 2024.1 Amid this booming AI landscape Solactive and Direxion have partnered to launch two new ETFs. The Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and Direxion Daily AI and Big Data Bear 2X Shares (AIBD) will follow the performance of the Solactive US AI & Big Data Index. The index is designed to provide targeted exposure to companies at the forefront of driving innovation within the artificial intelligence and big data industries.

Direct Indexing Poised For Growth, Yet Barriers Remain, Finds FTSE Russell Advisor Survey

Date 15/05/2024

• 79% of advisors* are not using direct indexing, but 48% plan to start in the next 1-5 years 
• Educational gaps remain as less than half of respondents identified the potential client benefits of direct indexing
• Barriers to entry proved to be operational as well as educational 

Qatar Stock Exchange: MSCI Index Review Results: May 2024

Date 15/05/2024

MSCI announced on May 14th 2024 the results of the  MSCI Equity Indexes May 2024 Index Review. For the MSCI Qatar Indices the outcome of the review is as follows:

Eurex Joins Clearstream & VERMEG Partnership To Expand Use Of Collateral Of Its Leading Pan-European Cash-Driven Liquidity Pool

Date 15/05/2024

• Eurex joins partnership with software provider VERMEG to offer clients a unique collateral management solution connecting the Eurosystem Collateral Management System (ECMS), Clearstream’s Triparty services and Eurex’s GC Pooling.
• This partnership will provide new opportunities for collateral optimization via the re-use of collateral to increase clients’ Central Bank Credit Line within the new ECMS. 

SGX Securities Wins Best SP And Derivatives Exchange In SRP Asia Pacific Awards 2024

Date 15/05/2024

SGX Securities has been awarded the Best Structured Products (SP) and Derivatives Exchange in Asia Pacific at the SRP Asia Pacific Awards 2024. This recognition affirms SGX’s status as the premier marketplace in securities and derivatives trading and underscores our commitment to excellence and innovation in the financial markets.

DIFC And Cisco Networking Academy Collaborate To Launch Talent Development Programme And Drive Inclusive Education

Date 15/05/2024

DIFC Academy, the education platform of Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced a collaboration with Cisco to facilitate access for DIFC employees and the wider community to the Cisco Networking Academy – one of the longest running skills-to-jobs programmes worldwide. 

UK Financial Conduct Authority: Three Charged Over CFD Trading Pension Fraud

Date 15/05/2024

The FCA has charged 3 individuals with fraud for their alleged involvement in a high-risk trading scheme, which targeted people’s pension savings.

Delta Capita Appoints Liliana Girao-Tavares As The US Head Of Client Lifecycle Management

Date 15/05/2024

Delta Capita, a leading global Capital Markets consulting, managed services, and technology provider has welcomed Liliana Girao-Tavares as its new US Head of Client Lifecycle Management.

SET Board Of Governors Elects Kitipong Urapeepatanapong As The 19th Chairperson

Date 15/05/2024

The Board of Governors (“BoG”) of The Stock Exchange of Thailand (“SET”) in its meeting today has resolved to elect Adjunct Professor Kitipong Urapeepatanapong as the 19th Chairperson of the BoG to succeed Pichai Chunhavajira. Adjunct Professor Kitipong, appointed by the Securities and Exchange Commission (“SEC”) as a member of the SET’s BoG. The SET’s BoG deliberates on Adjunct Professor Kitipong's candidacy, acknowledging his demonstrated expertise and aptitude in capital market industry which deemed essential for his position as the Chairperson, which takes effect as from May 15, 2024, onward.

Spectrum Markets: Retail Investors Bullish On Japan In April As Anticipation Builds For Bank Of Japan’s Potential Interest Rate Hikes

Date 15/05/2024

• Spectrum saw an improvement in sentiment towards Yen against US Dollar, Euro and Pound Sterling
• Sentiment index on the Nikkei 225 also indicated bullish trading behaviour
• 64.4% of trading on the Nikkei 225 occurred outside of traditional European trading hours