News Centre

MiFID Licensed CloseCross Transforms Derivatives Trading With Ethereum Platform Launch

Date 12/05/2021

• CloseCross multiparty derivatives being launched for all asset classes including crypto, stocks, indices, commodities and more in a non-custodial DLT setup
• Investors will be able to engage in leverage free derivative trading with great potential returns in a unique multiparty derivatives format. CloseCross charges commission only on profitable trades. No fixed or other costs whatsoever.
• Analysis of industry data suggests there could now be more than 29 million people trading online worldwide with over 13 million in Europe

SGX RegCo Wants Sakae To Adopt Internal Control Recommendations

Date 12/05/2021

Singapore Exchange Regulation (SGX RegCo) refers to Sakae Holdings Ltd’s (Sakae) announcement of 17 October 2019 on its annual report for the financial year ended 30 June 2019 (FY2019).

Ready For Take-Off: Aircraft Component Maker Montana Aerospace Airs The Second IPO At SIX In 2021

Date 12/05/2021

Today, Montana Aerospace (Ticker "AERO"), one of the world’s leading manufacturers of complex lightweight components for the aerospace industry, listed its shares on the Swiss Stock Exchange. The opening price was CHF 29.00 per share, resulting in a market capitalization of CHF 1.4 billion.

BCS Global Markets Hires Bloomberg Market Specialist As New Head Of Treasury

Date 12/05/2021

BCS Global Markets (“BCS GM”), the investment banking services division of Russia’s largest independent broker, has announced the appointment of new Head of Treasury, Ravi Kotecha. Based in BCS GM’s London office, Mr. Kotecha will be responsible for developing and implementing an integrated Treasury function for BCS Prime Brokerage and other international legal entities.

Hong Kong Securities And Futures Commission: Market Misconduct Tribunal Sanctions China Medical & HealthCare Group Limited And Its Directors For Late Disclosure Of Inside Information

Date 12/05/2021

The Market Misconduct Tribunal (MMT) has fined China Medical & HealthCare Group Limited, formerly known as COL Capital Limited (COL), and six of its former and current directors a total of $4.2 million for failing to disclose inside information as soon as reasonably practicable following proceedings brought by the Securities and Futures Commission (SFC) (Notes 1 to 4).

Dalian Commodity Exchange Solicits Public Opinions On The Adjustment Of Iron Ore Futures Contract And Relevant Rules

Date 12/05/2021

The announcement on soliciting public opinions on the adjustment of iron ore futures contract and relevant rules was released by Dalian Commodity Exchange (DCE) on May 11, and the adjustment of related rules and business will be implemented on the new contracts. The opinions could be sent before May 15, 2021. Market participants believe the plan released this time will reduce the Fe content requirement of standard product, reflect the features of further expanding resources available for delivery and better meeting industrial demand. This also keeps in line with new market trend. As stated in the plan, the rolling delivery will be implemented on iron ore futures, which will make it easier for enterprises to participate in delivery and promote the smooth development of iron ore futures trading and delivery.

Cross-Border Payments Enable Small Business Survivability And Optimism

Date 12/05/2021

• 73% of businesses confirmed that the global payment network functioning throughout the pandemic has enabled their business to survive
• While small businesses globally have reported overall earnings drop by 43%, two thirds have seen an increase in cross-border online sales since the start of the pandemic
• 68% of SMEs are now planning to do more business internationally than before the pandemic
• Businesses report using more international suppliers than they were 12 months ago with 65% stating that they will source more globally to reduce risk

Temenos Welcomes Industry Leaders And Rising Stars Of Fintech To Make Banking Better, Together At TCF Online 2021

Date 12/05/2021

• TCF Online 2021 is the flagship event in banking with keynotes from PayPal, Barclays and Varo, plus over 50 live and on-demand sessions and 50 industry speakers
• 10,000 banking business leaders and technologists to attend the two-day interactive, free, virtual event 26-27 May
• Join TCF Online to find out first hand about Temenos’ latest innovation in Cloud and AI, see the latest demos and hear banking Changemakers share their insights

Dalian Commodity Exchange Solicits Public Opinions On RBD Palm Olein Options Contract And The Measures For Management Of Options TradingOof Dalian Commodity Exchange

Date 12/05/2021

Dalian Commodity Exchange (“DCE”) announced on May 11 to solicit public opinions on RBD Palm Olein Options Contract (Draft for Comments) and the Measures for Management of Options Trading of Dalian Commodity Exchange (Draft for Comments), suggesting the listing and opening up of RBD palm olein options are high on the agenda.

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date April 30, 2021

Date 11/05/2021

At the end of the settlement date of April 30, 2021, short interest in 2,637 Nasdaq Global Market^SM securities totaled 8,459,989,651 shares compared with 8,587,890,404 shares in 2,622 Global Market issues reported for the prior settlement date of April 15, 2021. The end-of-April short interest represent 3.21 days average daily Nasdaq Global Market share volume for the reporting period, compared with 2.86 days for the prior reporting period.