News Centre

Tradeweb Reports May 2023 Total Trading Volume Of $29.4 Trillion And Average Daily Volume Of $1.35 Trillion - May 2023 ADV Up 14.1% YoY

Date 05/06/2023

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for May 2023 of $29.4 trillion (tn). Average daily volume (ADV) for the month was $1.35tn, an increase of 14.1 percent (%) year-over-year (YoY).

7th Consecutive Week Of Outflow, Profit Taking Rather Than Downshift In Sentiment Likely - CoinShares: Fund Flows

Date 05/06/2023

• Digital asset investment products saw outflows totalling US$62m, marking the 7th consecutive week of outflows that now totals US$329m.
• Tron, the smart contracting platform, was the primary focus, seeing outflows totalling US$51m last week.
• We believe investors have been taking profits and exiting short positions rather than the recent outflows representing a structural downshift in sentiment for bitcoin.

UK Financial Conduct Authority Fines ED&F Man Capital Markets Ltd £17.2m For Serious Failings Which Enabled Millions In Illegitimate Tax Reclaims

Date 05/06/2023

The FCA has fined ED&F Man Capital Markets Ltd (‘MCM’) £17,219,300 for serious failings in its oversight of cum-ex trading. These failings allowed MCM to collect fees for trading strategies designed to enable its clients to illegitimately reclaim tax from the Danish authorities.

FSB Holds 2023 Roundtable On External Audit

Date 05/06/2023

The Financial Stability Board (FSB) held the 2023 Roundtable on External Audit on 1–2 June in Madrid, Spain. Margarita Delgado, Deputy Governor of the Banco de España, chaired the in-person meeting. Participants comprised senior representatives from FSB member authorities, regulatory bodies, audit oversight bodies, the International Forum of Independent Audit Regulators (IFIAR), the Committee of European Auditing Oversight Bodies (CEAOB), the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA) and its oversight body the Public Interest Oversight Board (PIOB), and the six largest global audit networks.

HKEX Announces List Of Dual Counter Securities And DCMMs

Date 05/06/2023

With reference to the Exchange Circular (Ref: CT/064/23) dated 19 May 2023, following the successful completion of the End-to-End test session until 2 June 2023 and the practice sessions on 27 May 2023 and 3 June 2023, the Exchange is pleased to announce that the HKD-RMB Dual Counter Model (“Dual Counter Model”) will be launched on 19 June 2023 (Monday). Exchange Participants (“EPs”) are requested to note that a Post Release Test (“PRT”) for EPs will be held on 17 June 2023 (Saturday). EPs are strongly encouraged to participate in the PRT and those who wish to participate are required to complete the registration form in Attachment 1 and return it to the Exchange on or before 14 June 2023 (Wednesday). Detailed activity rundown for the PRT will be sent to the registered EPs by 15 June 2023 (Thursday).

Hong Kong Securities And Futures Commission Concludes Consultation On The Position Limit Regime

Date 05/06/2023

The Securities and Futures Commission (SFC) today published conclusions to its further consultation on proposed changes to the position limit regime for the derivatives market. These include imposing obligations on asset managers who manage funds or sub-funds of umbrella funds and amending the Securities and Futures (Contracts Limits and Reportable Positions) Rules in response to HKEX’s proposed enhancements to its position limit regime.

New Amsterdam Invest N.V. Lists On Euronext Amsterdam Through de-SPAC

Date 05/06/2023

• Listed through a business combination transaction with Somerset Park B.V.

Qatar Stock Exchange Announces The Issuance Of The Amended Version Of The QSE Rules Book

Date 05/06/2023

Qatar Stock Exchange announces the issuance of the amended version of the QSE Rules Book on the Qatar Stock Exchange, approved by the Qatar Financial Markets Authority, to be implemented as of Thursday, June 8, 2023. 

Non-Jordanian Ownership In Companies Listed On The Amman Stock Exchange Reached 47.7%, Of Which 36.9% For Institutional Investors

Date 05/06/2023

Amman Stock Exchange (ASE) revealed that the value of shares bought by non-Jordanian investors at the ASE in May 2023 was JD9.7 million, representing 8.2% of the overall trading value, while the value of shares sold by them amounted to JD15.3 million. As a result, the net of non-Jordanian investments in May 2023 showed a negative value of JD5.6 million, whereas the net of non-Jordanian investments showed a negative value of JD8.6 million during the same month of 2022. 

CryptoUK Welcomes Crypto & Digital APPG Inaugural Report

Date 05/06/2023

Commenting on the inaugural report from the Crypto & Digital Assets Party Parliamentary Group (APPG) issued today [5 June 2023], Ian Taylor, Board Advisor at CryptoUK, the trade body for the UK crypto industry, said: “We are extremely pleased to see that the inaugural report from the Crypto & Digital Assets APPG issued today. This is balanced, considered and presents a holistic view of the UK’s crypto and digital assets sector.