News Centre

Backbase Expands APAC Presence With New ANZ Offices - New ANZ Offices Will Provide Greater Proximity And Deep Expertise In Digital Banking For The Region

Date 14/07/2020

Digital banking software provider, Backbase, has today announced the launch of its new offices in Sydney and Melbourne. With the expansion, Backbase is well positioned to cater to the evolving digital banking landscape in Australia and New Zealand (ANZ). The new ANZ office follows the launch of its Asia Pacific (APAC) headquarters in Singapore, highlighting Backbase’s commitment to help banks and financial institutions to digitally transform their businesses.

Tadawul: Securities Clearing Center Company (Muqassa) Announces The Operations Commencement Date

Date 14/07/2020

The Securities Clearing Center Company (Muqassa), announces today that it will commence operations on 30/08/2020 corresponding to 11/1/1442H. Post the announcements of its establishment in 2018 and its license earlier this year. Muqassa aims to further support the growth of the Saudi capital market by improving the post-trade infrastructure, contribute to reducing counterparty risk, increase operational efficiency, and enable the introduction of new financial products and service offerings.

Nigerian Stock Exchange Simplifies Investing In The Capital Market With Comic Book

Date 14/07/2020

The proliferation of dubious investment schemes that often result in loss of money by unsuspecting members of the public continues to make the role of financial literacy imperative. To play its part, Nigeria’s leading bourse, The Nigerian Stock Exchange (NSE or The Exchange) has issued the second edition of its comic, StockTown, dedicated to providing financial literacy education to Nigerians.

The ChiNext Board Stock Issuance Regulation Committee Of The Shenzhen Stock Exchange Board Of Directors Releases An Initiative To Guarantee Stable, Orderly Issuance And Underwriting On The ChiNext Board

Date 14/07/2020

On July 10, the ChiNext Board Stock Issuance Regulation Committee of the SZSE Board of Directors (“the Issuance Regulation Committee”) held the second working conference of 2020, which briefed recent work progress, analyzed and judged situations that issuance and underwriting business may face and countermeasures, and studied and discussed targeted measures for jointly promoting a steady start of issuance and underwriting on the ChiNext Board under the registration-based IPO system. Through panel discussion, all members reached a consensus and launched the initiative on further guaranteeing standard issuance on the ChiNext Board.

Broadridge Emerging As Go-To Solution For Leading Financial Intermediaries For New European Shareholder Rights Directive (SRD II) - Broadridge SRD II Solution Is Market-Ready; Onboarding Underway In Multiple Regions

Date 14/07/2020

Responding to the urgent need for financial institutions globally to comply with the European Commission’s (EC’s) updated Shareholder Rights Directive (SRD II) by the September 3, 2020, deadline, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced a record number of new signings for its multiple-industry, award-winning SRD II solution.  Broadridge is now onboarding these new clients, which are based both within and outside of Europe and include both retail- and institutional-focused firms to its production-ready SRD II solution for global proxy voting and shareholder disclosure.

Shanghai International Energy Exchange: Circular On Adjust Trading Margin Rates And Price Limits Of Futures Contracts

Date 14/07/2020

Shanghai International Energy Exchange has released its Circular on adjust trading margin rates and price limits of futures contracts as follows:

Shenzhen Stock Exchange Issues The First Letters Of Inquiry On The Review Of ChiNext Board Refinancing Under The Registration-Based IPO System

Date 14/07/2020

SZSE recently completed the acceptance of applications from enterprises under review for refinancing under the registration-based IPO system of the ChiNext Board, and conducted review according to the review stages and time of acceptance of the applications at China Securities Regulatory Commission (CSRC). On July 10, SZSE sent the first letters of inquiry on refinancing review under the registration-based IPO system of the ChiNext Board, to 19 enterprises under review. Of the 19 enterprises, four applied for securities issuance to unspecific investors and 15 for securities issuance to targeted investors.

FTSE Mondo Visione Exchanges Index Up 2.3 % In June, Up 17.9% In Q2 2020, HKEX Top Performer In June

Date 13/07/2020

The three months to the end of June have seen the FTSE Mondo Visione Exchanges Index up by 17.9% as lockdowns meant to slowdown the spread of COVID-19 eased. Global markets recovered some of their huge losses in Q1 with the FTSE All World Index up by 218.6%, the MSCI All Country World Index was up 18% and the S&P 500 up by 20 percent in Q2.

IMF Staff Completes Discussions For An Additional US$68 Million Disbursement To Chad to Address The COVID-19 Pandemic

Date 13/07/2020

• IMF staff completes discussions for a second disbursement under the Rapid Credit Facility (RCF) to help Chad address the economic challenges posed by the COVID-19 pandemic.
• Chad’s economy has been severely impacted by the twin Covid-19 pandemic and terms of trade shocks.
• The additional resources under the RCF will help alleviate pressing financing needs, including for health, social protection, and supporting the most impacted sectors and vulnerable groups.

Nigerian Stock Exchange Hosts Good Cause Ambassador, Innocent ‘Tubaba’ Idibia, To Digital Closing Gong Ceremony

Date 13/07/2020

As entertainment becomes one of the leading elements of influence, especially amongst younger generations, the world is quickly recognizing and leveraging the arts to drive societal change. This was highlighted by the Chief Executive Officer, The Nigerian Stock Exchange (NSE or The Exchange), Oscar N. Onyema, OON during a digital Closing Gong ceremony in honour of Innocent ‘Tubaba’ Idibia, NSE Good Cause Ambassador on Monday, 13 July 2020.