News Centre

FTSE Russell: Straits Times Index (STI) Quarterly Review

Date 01/09/2022

• One change to the constituents of the STI

Flutterwave Secures Switching And Processing License, Nigeria's Highest Payments Processing License

Date 01/09/2022

Flutterwave, Africa's leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)—widely regarded as CBN's most valuable payments processing license. This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services. 

Metropolitan Gives End-Users Power Over Data With Duco’s Data Automation Platform - Firm Replaces Reconciliation Tool That Required Extensive Developer Support In Favour Of Self-Service, No-Code Platform

Date 01/09/2022

Duco, a leading cloud-based data automation company, today announced that Momentum Metropolitan, a South African financial services group, have reduced reliance on manual work, demised a legacy solution and empowered end-users to handle day-to-day reconciliation tasks thanks to Duco’s intuitive and agile cloud-based data automation platform.

The Spanish Stock Market Trades 19 Billion Euros In August

Date 01/09/2022

• The volume traded in Equities so far this year is 8.6% higher year on year
• Fixed-income trading in August amounted to 6.5 billion euros, up 5% from the preceding month
• Trading in Futures contracts on the IBEX 35 ® index increased by 8.4% in the first eight months of the year

Michael Jaeggi Moves Up To The Management Board Of Boerse Stuttgart Group - Oliver Hans Resigns From The Group Management Board And Concentrates On His Responsibilities As Managing Director Of Baden-Wuerttembergische Wertpapierboerse

Date 01/09/2022

Michael Jaeggi (61) becomes Chief Information Officer (CIO) of Boerse Stuttgart Group as of 1 September and moves up to the Group’s Management Board. In parallel, Jaeggi remains Managing Director of the Group’s subsidiary Boerse Stuttgart GmbH. He leaves the Management Board of the subsidiary EUWAX AG.

LCH CDSClear Goes Live With Clearing For iTraxx Australia Indices And Single Name Constituents

Date 01/09/2022

• CDSClear has extended its product coverage beyond the US and Europe with the launch of clearing for iTraxx Australia indices and single name constituents
  • 11 iTraxx Australia indices
  • 38 single name CDS constituents of the iTraxx Australia indices, of which 28 are uniquely available for clearing through CDSClear

• Expansion demonstrates continued growth of the CDSClear service
• CDSClear users benefit from the widest breadth of products of any credit CCP globally, as well as risk-free compression, tailored backloading and rebalancing for all participants – all within a transparent framework.

Martin Bradford Joins FairXchange As COO

Date 01/09/2022

Martin Bradford has been appointed COO of FX liquidity analytics firm, FairXchange, part of United Fintech.

NGX Commits To Positioning The Nigerian Capital Market For Global Investment

Date 01/09/2022

Mr. Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited (NGX) has restated the Exchange’s commitment to positioning the Nigerian capital market as a global investment destination for stakeholders.

Bursa Malaysia Securities Publicly Reprimands And/Or Fines Anzo Holdings Berhad And 3 Directors

Date 01/09/2022

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded Anzo Holdings Berhad (ANZO) and 3 of its directors for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In addition, the 3 directors of ANZO were imposed total fines of RM300,000.

Egypt's Prime Minister Meets With FRA & EGX Chairmen

Date 01/09/2022

Egyptian Prime Minister Mostafa Madbouly held a meeting with Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA), and Mr. Rami El Dokkany, Chairman of The Egyptian Exchange (EGX), to follow up on the latest developments in the Egyptian capital market, and to review the plans for the development of the market, as well as efforts to enhance upcoming activities of the non-banking financial sector.