News Centre

TFEX Reports Trading Of 129 Million Contracts In 2023, And Aims To Extend Trading Hours And Introduce New Products In 2024

Date 16/01/2024

Thailand Futures Exchange PCL (TFEX) announces its trading volume in 2023 was a total of 129 million contracts or 534,898 contracts per day, down from the previous year’s 565,627 contracts. This aligned with the overall lower trading activities in the stock market. The most active was equity derivatives, namely SET50 Futures, SET50 Options, and Stock Futures, dominating 83 percent of the overall trading volume.  SET50 Options and SET50 Futures rose 14 percent and 13 percent, respectively, from the previous year while Stock Futures’s trading activity declined. For precious metal and currency products, each held the same at 9 percent of total trading volume. Notably, currency products surged 11 percent due to currency fluctuations and the popularity in foreign exchange investment, with USD/JPY Futures registering a 62 percent increase from the previous year. The open interest totaled 2.68 million contracts, while the numbers of investors rose 10 percent to 318,860 trading accounts at end-December 2023.

Monetary Authority Of Singapore: Test Issuance Of Cash Management Treasury Bills On 18 January 2024

Date 16/01/2024

MAS will conduct a test issuance of Cash Management Treasury Bills (CMTBs) on 18 January 2024. Test issuances of CMTBs are conducted regularly to enhance operational readiness. The previous test issuance was conducted on 3 November 2021.

ZERO13 And XTCC Announce $100bn Climate Finance Investment Drive At Davos World Economic Forum

Date 16/01/2024

• Landmark Statement of Accord includes influential global investors
• ZERO13 digital platform infrastructure to drive African and global economic development
• Focusing on renewable energy and regenerative agriculture with full digital provenance
• XTCC has pioneered the issue of the first in a series of exchange-listed products for high-integrity carbon credits

New Generation Of Swiss Payment System Enables Instant Payment - Banks Are Now Implementing Customer Solutions

Date 16/01/2024

SIX and the Swiss National Bank have launched the new generation of the Swiss payment system, known as SIC5. It creates the technical prerequisites for the processing of instant payments, enabling electronic customer payments to be made around the clock, seven days a week, and in a matter of seconds. Approximately 70 financial institutions will join the new instant payment service by the time it goes live on August 20, 2024. The enhanced Implementation Guidelines will serve as the basis for their customer-bank interface solutions.

United Overseas Bank Visits Shanghai Gold Exchange

Date 16/01/2024

On January 15, 2024, Mr. Lee Che Kong, Managing Director & Regional South East Asia Head of Group Global Markets of United Overseas Bank (UOB), and Mark Yang, Managing Director, Alternate Country CEO & Head of Global Markets of UOB China, visited Shanghai Gold Exchange and had a meeting with Vice President Ma Lin.
Mr. Ma welcomed the delegation from UOB and expressed gratitude for their longstanding support. Both parties then had in-depth discussions on topics such as serving the "Belt and Road" initiative and exploring cooperative opportunities in the Southeast Asian gold market. Both parties agreed to maintain a good partnership, further deepen cooperation for win-win results, and continuously expand the scope and depth of "Belt and Road" cooperation with the aim of strengthening collaboration and integration in the gold markets of China and Southeast Asia.

2024 Business Forecast: Tech-Driven Optimism Meets Rising Geopolitical Challenges

Date 16/01/2024

• Technological Transformation: Executives express confidence in technology as the driving force behind the future of global trade, with 98% already leveraging AI to enhance supply chain operations – from inventory management to optimizing transport routes
• Proactive Adoption: In anticipation of evolving challenges, businesses plan to ramp up technology adoption. A third will focus on advanced automation, 28% on blockchain, and 21% on AI, big-data analytics, and predictive analytics
• Supply Chain Adaptation: As geopolitical tensions cast a shadow, more companies are turning to friendshoring and dual supply chain strategies. Over a quarter are opting for fewer suppliers
• Economist Impact forecasts a 0.9% drop in global GDP if trade tariffs on high-tech goods increase significantly

DGCX Monthly Bulletin - December 2023

Date 16/01/2024

In December 2023, 308,953 contracts were traded on DGCX with a value of USD 6.97 billion and an average Open Interest of 102,731. 

Bursa Malaysia As A Multi-Asset Exchange Will Generate New Investors For The Capital Market - The Exchange Strengthens Customer Centricity With Direct-To-Market Investment Products And Services Such As Bursa Gold Dinar, MyBURSA Customer Portal And BURSA REACH, While Unveiling A Refreshed Brand Logo, To Symbolise Its Future-Forward Approach As A Multi-Asset Exchange

Date 16/01/2024

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) today elaborated on its intent or strategy to further develop the capital market by providing greater access for investor participation through a wider range of new investment assets and tools. This is part of the Exchange’s efforts to serve customers’ needs and enhance market liquidity, supporting further economic growth in the country.

Taiwan Futures Exchange Newsletter - January 2024

Date 16/01/2024

The Taiwan Futures Exchange (TAIFEX) closed out 2023 with a total of 324,644,847 contracts, with an average daily volume (ADV) of 1,358,347 contracts, marking the fourth consecutive year of over 300 million contracts traded. Among TAIFEX’s flagship products, TAIEX Options (TXO) posted an ADV of 737,544 contracts. The trading in the night session remained active and accounted for 30.26% of the total volume. Additionally, the volumes of the newly-listed PHLX Semiconductor Sector Futures (SXF) reached 1,763 contracts in the first two weeks of launch.

BIS: Global Bank Lending And Exchange Rates

Date 15/01/2024

We estimate the impact of banks' cross-currency lending on exchange rates to shed light on the importance of flows as a major force affecting foreign exchange (FX) market outcomes. To rationalise our findings, we focus on the funding mechanism for how globally active banks source liquidity when granting loans in another currency such as the US dollar.