News Centre

Morgan Stanley, Ernst & Young Top M&A financial Advisers By Value, Volume In APAC For Q1-Q3 2020, Finds GlobalData

Date 28/10/2020

Morgan Stanley and Ernst & Young have emerged as the top financial advisers for mergers and acquisitions (M&A) by value and volume, respectively, in Asia-Pacific (APAC) for Q1-Q3 2020. A total of 5,298 M&A deals were announced in the Asia-Pacific region during the period, according to GlobalData, a leading data and analytics company.

The Derivatives Service Bureau Expands Technology Advisory Committee - Reflecting The Evolving Role Around The Unique Product Identifier (UPI)

Date 28/10/2020

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, is delighted to announce that its Technology Advisory Committee (TAC) has expanded to reflect broad geographic reach following the Financial Stability Board’s (FSB) designation of the DSB as the Unique Product Identifier (UPI) Service Provider.

Kalera Admitted To Trading On Oslo Bors

Date 28/10/2020

Kalera has today been admitted to trading on Merkur Market. The vertical farming company plans to fuel its rapid US and international expansion.

Shanghai International Energy Exchange Has Released Its Circular On Adjusting Trading Margin Rates And Price Limits Of Futures Contracts

Date 28/10/2020

Shanghai International Energy Exchange has released its Circular on Adjusting Trading Margin Rates and Price Limits of Futures Contracts as follows:

In accordance with Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:

As from October 30, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below since the daily clearing process begins:

The trading margin rate of TSR 20 Futures Contracts will be 10% of the contract value and the price limit will be ±8% from the settlement price of that day.

Shenzhen Stock Exchange Launches Pilot Program Of Credit Protection Certificates To Further Support The Real Economy

Date 28/10/2020

On October 27, the Shenzhen Stock Exchange (SZSE) officially issued the Notice on the Pilot Program of Credit Protection Certificates and launched the pilot program of credit protection certificates. This is another important measure taken by SZSE to implement the decisions and plans of the Party Central Committee and the State Council, and play its role as a platform for serving the real economy and support direct financing of private enterprises via market-oriented methods under the leadership of the China Securities Regulatory Commission.

IMF Regional Economic Outlook Outlines Opportunities For Regional Economic Recovery In 2021

Date 28/10/2020

• Protecting lives and livelihoods remains the immediate priority due to the global COVID-19 pandemic
• Unprecedented global policy intervention has helped cushioning the economic impacts of the pandemic, with governments in the region acting swiftly and resolutely
• Looking ahead, policymakers must remain nimble as countries pivot from the immediate response to support the recovery and should act decisively to build stronger, more resilient, and more inclusive economies

After Extensive Industry Consultation And A Comprehensive Project Review, ASX Increases The Scope Of CHESS Replacement And Resets The Go-Live Date To April 2023

Date 28/10/2020

ASX has confirmed the new go-live date for the CHESS replacement system as April 2023, with increased project scope and a 12-month extension to the proposed date consulted upon mid-year.

MNI China Liquidity Index™ – Picks Up To 78.1 In October

Date 28/10/2020

Key Points – October Report

Liquidity edged higher in October, as the People’s Bank of China maintained an ‘ample’ supply of liquidity, the latest MNI Liquidity Conditions Index shows.

Japan Exchange Group Consolidated Financial Results For The Six Months Ended September 30, 2020

Date 28/10/2020

During the consolidated cumulative second quarter (from April 1, 2020 to September 30, 2020), JPX Group recorded operating revenue of ¥63,834 million (increased 10.2% from the same period of the previous fiscal year (i.e., year on year)), and operating expenses were ¥30,332 million (increased 10.4% year on year). As a result, JPX Group recorded operating income of ¥35,191 million (increased 10.4% year on year) and income before income tax of ¥35,225 million (increased 10.0% year on year).

Press Conference By ASO Taro, Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - Tokyo Stock Exchange System Failure

Date 28/10/2020

(Excerpt)

(Friday, October 2, 2020, 11:56 am to 12:06 pm)

[Questions and answers:]

Q.

Yesterday a system failure occurred at the Tokyo Stock Exchange, disabling trading for the rest of the day. Please let us know what you think about this incident at TSE and what steps will be taken in response.

A.

Stock exchanges are key market infrastructure, and the fact that trading could not be conducted the rest of the day due to a system failure in this infrastructure meant that investors lost trading opportunities and their business was restricted. I think this is extremely regrettable. I do know that the TSE carried out system restoration work and restarted normal trading at 9:00 this morning. I have heard that [TSE] President Miyahara said in his explanation yesterday regarding the various reasons the system could not be restored that same day that some of the disks in the transaction system had failed, leading to aberrations in market price information and transaction oversight, and that rebooting the system to restore it would likely cause chaos among investors, market participants and securities companies so, after consulting with market officials, he determined that it would be difficult to ensure proper customer service and trouble-free trading, so trading was suspended yesterday for whole day. In any case, I believe the Japan Exchange Group and the TSE need to investigate the causes and prevent recurrences, and the Financial Services Agency needs to suitably verify that these have been done.