News Centre

CLS And Finastra Collaborate To Deliver Netting Services To Customers - More Market Participants To Benefit From CLSNet’s Improvements To Intraday Liquidity, Operational Efficiency, And Risk Mitigation

Date 30/11/2020

CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service. The move addresses increased demand from the buy-side for a centralized infrastructure to manage post-trade processes.

HKEX Welcomes Neil Shen To International Advisory Council

Date 30/11/2020

• HKEX appoints Neil Shen, Steward of Sequoia Capital, Founding and Managing Partner of Sequoia Capital China, as the sixth member of its International Advisory Council
• Council comprises experts in economics, business, technology and finance who advise the HKEX Board of Directors

Europex: Minimum Carbon Pricing Is Distortive And Not Needed – Why Free Price Formation Should Remain A Cornerstone Of The EU ETS’ Volume-Based Cap-And-Trade Mechanism

Date 30/11/2020

The EU Emissions Trading System (EU ETS) is a cornerstone of the EU’s policy to combat climate change and the key carbon pricing instrument for reducing greenhouse gas emissions cost efficiently. While the main variant in terms of carbon pricing is a cap and trade system such as the EU ETS, other variants exist. The concept of a carbon price floor, for example, is regularly advertised as a way to improve investment certainty by reducing carbon price risk, decreasing the cost of capital and facilitating access to finance. Additionally, the price floor argument has been touted as a way of protecting against drops in fossil fuel prices and accelerating decarbonisation efforts by providing predictable long-term price signals. As such, a number of EU Member States have expressed their interest in considering the introduction of a carbon price floor, either by combining it with the EU ETS or in the form of a carbon tax.

Dubai Financial Market Market Holiday - Commemoration Day And UAE's 49th National Day - Market Closed From 1st To 3rd December - Trading Resumes Sunday 6th December 2020

Date 30/11/2020

On the occasion of Commemoration Day and UAE's 49th National Day, DFM will be closed starting from Tuesday 1 December2020 till Thursday 3 December 2020 and work shall resume on Sunday 6 December 2020.

IFRS Council Of Japan: Comment Letter On The IFRS Foundation Consultation Paper On Sustainability Reporting

Date 30/11/2020

The IFRS Council of Japan(*), in which the Financial Services Agency（FSA) and the Financial Accounting Standards Foundation (FASF) serve as the secretariat, has submitted a comment letter on the IFRS Foundation Consultation Paper on Sustainability Reporting, published on September 30, 2020.

DIFC FinTech Hive Continues To Lead The Innovation Agenda In Financial Services Through Its Latest Digital Cohort

Date 30/11/2020

• 17 successful start-ups from the fourth cohort of DIFC FinTech Hive accelerator programme have been chosen to showcase this year’s most innovative technologies to potential investors and industry executives on 30 November 2020
• Total number of applications for the UAE’s first and largest financial technology programme to date exceed 1,400 with more than 100 start-ups accelerated so far
• Selected start-ups include home-grown UAE and regional talent, as well as internationally

• Technologies focus on areas that will shape the future of finance, including advanced Artificial Intelligence, RegTech, Data Analytics, Open Banking and Islamic FinTech

Value Of Analyst Meetings Has Fallen By 47% Since January 2020 - Substantive Research Survey Shows That While Analyst Engagement And Demand For Research Remains High, Virtual Engagements Are Valued Lower Than Physical Meetings

Date 30/11/2020

Substantive Research, the research discovery and research spend analytics provider for the buy-side, has today published a survey into how asset managers have changed their approach to research payments during Covid-19. 

Moscow Exchange: Risk Parameters Change For The Security RU000A0JVNB2

Date 30/11/2020

As per the Securities market risk parameters methodology, on 30.11.2020, 10-20 (MSK) the upper bound of the price band (up to 84.18) and initial margins (up to 22.5 %) for the security RU000A0JVNB2 were changed. New values are available here

Quincy Data And Mckay Brothers Deliver Lowest Latency Between The Largest US Futures Exchanges - QRD Service Offers Lowest Latency Energy And Equities Market Data From The Largest US Futures Exchange

Date 30/11/2020

Quincy Data and McKay Brothers today announced that they have connected the largest US futures exchanges at the lowest latency. The new services link the two largest US futures exchanges, which are based in Aurora and Chicago Illinois. Quincy Data’s Illinois Metro service currently offers market data in the native exchange format sourced in Aurora and distributed in Chicago. The Quincy Raw Data (QRD) service distributes the raw exchange futures feed for crude, natural gas and the S&P 500 futures. In addition, McKay Brothers offers its bi-directional Prime Bandwidth Service in one hundred megabit per second increments.

Juniper Research: Mobile Money Users In Emerging Markets To Exceed 1.2 Billion Globally By 2025, As P2P And Merchant Payments Surge

Date 30/11/2020

A new study from Juniper Research has found that the total number of mobile money users in emerging markets will exceed 1.2 billion in 2025, up from 980 million in 2020; equating to just under 30% of all mobile phone users across emerging markets.