News Centre

Tadawul Publishes Drafts Of The Amended Listing Rules For Public Consultation

Date 11/06/2020

SIX Successfully Completes Acquisition Of Controlling Stake In BME - The Combined Group Will Be The Third Largest Operator Of Financial Market Infrastructure In Europe By Revenue

Date 11/06/2020

• SIX has acquired a total of 77,899,990 BME shares for EUR 2,569,141,670, representing 93.16% of the equity share capital
• The combination of BME and SIX, both leaders in their domestic financial markets, will create a more diversified group with a strong presence across Europe.
• SIX is committed to preserving and strengthening BME’s position in Spain.
• The combined group will benefit from a broader geographical reach, a wider range of products and services, an enhanced technical infrastructure and financial market information offer.

ESMA Publishes Statement On MiFIR Open Access And COVID-19

Date 11/06/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a public statement to clarify the application of the MiFIR open access provisions (OAP) for trading venues (TVs) and central counterparties (CCPs) in light of the recent adverse developments related to COVID-19.

EU Action Against Money Laundering In The Banking Sector To Go Under Auditor Scrutiny

Date 11/06/2020

Money laundering is the practice of disguising the illegal origin of criminal proceeds. Suspicious transactions linked to money laundering amount to hundreds of billions per year within the EU. The European Court of Auditors (ECA) has started an audit to examine the Union’s efforts to tackle the laundering of dirty money, focusing specifically on the banking sector.

ESMA Responds To European Commission Consultation On Revision Of NFRD

Date 11/06/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a revision of the Non-Financial Reporting Directive (NFRD). The response recommends standardising disclosure requirements, widening the range of companies required to report and ensuring consistency between legislative initiatives on sustainable finance.

Eventus Systems Names Jeff Gale Sales Director, EMEA In London - 30-Year Industry Veteran To Help Grow Adoption Of Validus Platform In Region

Date 11/06/2020

Eventus Systems, Inc.<https://www.eventussystems.com/>, a multi-award winning global trade surveillance and risk management software platform provider, today announced the appointment in London of Jeff Gale as Sales Director, EMEA, representing the newest addition to the team charged with growing and supporting the firm's presence in the Europe, Middle East and Africa region. Gale has more than three decades of experience in finance and technology across multiple asset classes, in business development, strategic finance and other key roles.  Most recently, he served as Co-Founder at Seismic Foundry, a capital markets fintech fund and consultancy focused on promising early-stage firms.

CQG Licenses Software Assets From Blue Trading Systems (BTS) To Deploy Exclusive, Robust Suite Of Custom Algorithms, Low-Latency Spreader Environment - Kevin Darby, BTS Co-Founder And Managing Partner, To Lead Integration, Implementation As CQG Product

Date 11/06/2020

CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, today announced that it has just completed a transaction to license certain software assets from Blue Trading Systems (BTS). The move will give CQG an exclusive, comprehensive suite of custom algorithmic strategies to offer clients, along with new low-latency spread routing for spread traders.

Ethoca And Aite Group Research Finds Cardholders Are Eager For Digital Solutions That Deliver Greater Purchase Transparency - Transaction Confusion And False Claims – Both Leading Causes Of Disputes And Chargebacks – Shown To Be Preventable Through Improved Merchant-Issuer Collaboration

Date 11/06/2020

Ethoca, a Mastercard company, today announced the release of new research that reveals cardholders have a strong appetite for digital solutions that provide greater insight into their purchases. These digital solutions will improve customer experience as well as reduce disputes, chargebacks and false claims by delivering in-depth purchase information direct to cardholders through digital channels such as mobile banking applications.

HKEX Enhances Product Offering With JD Debut

Date 11/06/2020

• JD Futures and Options to be introduced on 18 June
• HKEX informed issuers they can list derivative warrants on JD shares when the shares debut on HKEX’s securities market
• JD shares to be included in Designated Securities Eligible for Short Selling on 18 June

UK Financial Conduct Authority: Open Access Regime For The Trading And Clearing Of Exchange-Traded Derivatives

Date 11/06/2020

From 4 July 2020 trading venues and central counterparties (CCPs) offering the trading and clearing of exchange-traded derivatives will be subject to the Markets in Financial Instruments Regulation (MiFIR) open access regime as set out in articles 35 and 36 of that Regulation. Under those provisions, trading venues and CCPs may only deny access where the operational risk and complexity arising from granting access would cause undue risk. The specific factors trading venues and CCPs should consider when evaluating access requests are set out in Commission Delegated Regulation 2017/587.