News Centre

NGX, Chartered Institute Of Stockbrokers, Association Of Securities Dealing Houses Of Nigeria To Work With Ministry Of Finance Incorporated On Market Development, Listings

Date 14/08/2023

Nigerian Exchange Limited (NGX), along with the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry of Finance Incorporated (MOFI) in facilitating market development and listings.

ISDA-Clarus RFR Adoption Indicator: July 2023

Date 14/08/2023

The ISDA-Clarus RFR Adoption Indicator rose to 60.6% in July 2023 compared to 58.1% in June 2023. The indicator tracks how much global trading activity (as measured by DV01) is conducted in cleared over-the-counter and exchange-traded interest rate derivatives (IRD) that reference risk-free rates (RFRs) in eight major currencies. On a traded notional basis, the percentage of RFR-linked IRD increased to 57.9% of total IRD transacted in July 2023 compared to 55.6% the prior month.

SEC Charges UK Audit Firm, CEO, And Senior Auditor For Failures In Connection With De-SPAC Transaction

Date 14/08/2023

The Securities and Exchange Commission today charged Crowe U.K. LLP, a London based audit firm, its CEO, Nigel Bostock, and senior auditor, Matthew Stallabrass, for the firm’s deficient audit of music streaming company Akazoo Limited. Crowe U.K., Bostock, and Stallabrass have agreed to settle the SEC’s charges.

MSCI Announces Acquisition Of Burgiss, Expanding Private Assets Leadership And Strengthening Multi-Asset Class Offering

Date 14/08/2023

• Firms combine best-in-class private market data and analytics with leading public market expertise
• Reinforces commitment to driving innovation and improving transparency in global private asset investing
• MSCI to host conference call today, August 14, at 11:00 AM ET

CME Group Foundation Awards 2023 Higher Education Scholarships To Rising Black And Latinx Students

Date 14/08/2023

• More than $3.1 million in Foundation scholarships awarded since 2019
• Students eligible for $20,000 in grants each year for up to three years

Edgewater's Flagship Technology And Credit Intermediation Revolutionizes Foreign Exchange Trading For GCC Currencies And Egypt

Date 14/08/2023

Edgewater Markets, a leading provider of technology, trade execution and liquidity aggregation across foreign exchange (FX) and precious metals, today announced the launch of its FX trading technology and credit intermediation services for GCC currencies (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), as well as Egypt. As the firm onboards local liquidity providers, this groundbreaking offering revolutionizes foreign exchange trading in the region by providing clients with the superior liquidity and unparalleled efficiency that have become Edgewater's hallmarks around the world.

Bank Of England Statement - RTGS / CHAPS: Resolved Technical Issue

Date 14/08/2023

This morning, the Bank of England  experienced a technical issue which prevented it from opening its real-time gross settlement (RTGS) service and CHAPS high value payments system. The issue has been resolved and settlement will resume shortly.

Coinbase Accelerates International Expansion With Official Launch In Canada - Integration Of Interac e-Transfers Makes Cryptocurrencies Easily Accessible To Millions Of Canadian Customers

Date 14/08/2023

Today, Coinbase announced its Canadian expansion with a series of new offerings that demonstrate its commitment to Canada as a priority Go Deep market.

Dubai AI And Web 3.0 Campus Introduces Specialised Licensing Solutions For Tech Firms Looking To Scale Their Business In The Region

Date 14/08/2023

• The AI & Web3 License is a 90 per cent subsidised commercial license for enterprises looking to setup their business in Dubai
• The Dubai AI & Web 3.0 Campus will provide world-class physical and digital infrastructure to build and scale tech firms
• The licenses will be issued out of DIFC with physical offices and co-working spaces in the Centre’s Innovation One building

High-Beta And Value Stocks Outperform Globally With Growth Closely Behind: Confluence

Date 14/08/2023

Investment Metrics, a Confluence company, has released its latest factor performance analysis. The report found that Volatility led equity returns this month, with global investors benefitting from exposure to high beta and short-term volatility. This, however, was not at the expense of Growth subfactors. In the both the US and Canada, companies reported higher returns in Growth than Value. Although in the Eurozone and UK, Growth equities offered negative or neutral returns.