News Centre

Trading Technologies To Add Chief Operating Officer And A Chief Growth Officer To Management Team - Russ Cotton And Craig Mohan To Address Operational And Development Priorities For The Company

Date 29/10/2019

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, today announced the hiring of two new executives: Russ Cotton as chief operating officer and Craig Mohan as chief growth officer. Both hires will start work next month.

Research Reveals That Wide Adoption Of Legal Entity Identifiers Could Save Banks An Estimated U.S.$2-4 Billion Per Annum In Client Onboarding Efficiencies - Report From Mckinsey And GLEIF Identifies Opportunity For Banks To Reduce Costs And Improve Profitability While Enhancing Customer Experience And Mitigating Compliance And Credit Risk

Date 29/10/2019

Research conducted by McKinsey on behalf of the Global Legal Entity Identifier Foundation (GLEIF) has concluded that wider use of Legal Entity Identifiers (LEIs) across the global banking sector could save the industry U.S.$2-4 billion annually in client onboarding costs alone. With estimated total industry spend on client onboarding equal to U.S.$40 billion per year, productivity improvements gained through LEI usage could generate cross-sector cost reductions of between 5-10 percent annually.

HKEX Enhances Guidance For Overseas Companies Seeking To List In Hong Kong

Date 29/10/2019

• Publish alternative procedures for U.S. ‘Domestic Issuers’ within the meaning of the U.S. Securities Act with an offering of a security subject to Regulation S
• Publish standardised template for first movers from jurisdictions new to listing in Hong Kong
• Simplify CCASS related information, provide Frequently Asked Questions and revised CCASS admission forms on HKEX website

Al Mawared Brokerage's Amman Stock Exchange Weekly Report, 28 October 2019

Date 29/10/2019

Click here to download Al Mawared Brokerage's weekly report on the Amman Stock Exchange (ASE). The Report is designed to give an overview of developments in the Jordan Capital Markets as well as ASE performance indicators.

Openness And Integration – The New Finance And New Economy In A Global Context - Speech By Dave Ramsden, Bank Of England Deputy Governor For Markets & Banking, Given At Bund Summit, Shanghai On 27 October 2019

Date 29/10/2019

In his speech Dave Ramsden sets out what steps the Bank of England has taken in its approach to fintech. In particular, Dave discusses three dimensions of openness. First, being open to new ideas. Second, being open to new businesses entering financial services. Third, being open to improving our own operations.

Moscow Exchange: REPO Risk Parameters Change For The Security SNGS - Update 1

Date 29/10/2019

As per the Securities market risk parameters methodology, on 29.10.2019, 14-14 (MSK) the lower bound of the REPO rate (up to -52.46 %) and IR Risk Rate (up to -0.0714 rub) for the security SNGS were changed. New values are available here

Confluence Acquires StatPro, Global Portfolio Analytics Solution And Data Provider - Acquisition Provides Global Expansion Opportunity, Broader Range Of Solutions And Advancement Of Unity® Performance Into The Cloud

Date 29/10/2019

Confluence Technologies, a global leader in investment data management automation for regulatory, financial and investor reporting, announced today that it has acquired StatPro Group plc (StatPro), a highly respected global provider of cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.

The EDHEC-Princeton Retirement Goal-Based Investing Index Series October 2019 Highlights

Date 29/10/2019

Goal Price Index Series

• After a general downwards move that began in November 2018 and lasted until end of August 2019, rates on US Treasury bonds have recently featured alternating periods of downs and ups, resulting from competing forces at work. Markets are uncertain over the outcome of the trade war between US and China and are concerned with the resurgence of diplomatic tension with Iran, but the Federal Reserve is continuing its quantitative easing policy, putting long-term rates under downwards pressure. As a result, US rates of maturities ranging from 1 to 5 year(s) are now lower than the rates on 1-month and 3-month Treasury bills. One interpretation of this yield curve inversion is that the market anticipates that interest rates will further decrease in response to a recession yet to come;
• The recent erratic moves in interest rates are reflected symmetrically in bond prices in general, and retirement bonds in particular. All Goal Price Indices displayed an increasing trend during the first six months of 2019, in response to the decrease in Treasury yields, but October values are lower than September values, owing to higher interest rates. The pattern of rates in the next few months will tell us whether this is just a temporary break in the decreasing trend or the beginning of a new trend;
• Lower Goal Price Index values mean that replacement income is less costly to acquire for investors. For instance, an individual planning to retire in 2038 and wanting to secure income for the period from 2038 to 2057 would have to pay $18.9 per dollar of income in October, while the price for the same guarantee was $19.7 in September, a decrease by about 4%;
• As usual, indices with a shorter horizon are less impacted by interest rate movements than their long-term counterparts. For the individual planning to retire in 2023, the price to pay for $1 of replacement income was $20.7 in September and $20.3 in October, so the decrease was a more modest 1.9%.

Announcement On The Release Of Trading Rules Of The Shanghai Futures Exchange

Date 29/10/2019

Trading Rules of the Shanghai Futures Exchange has been accepted by the Shanghai Futures Exchange Board of Directors and reported to the China Securities Regulatory Commission. 

Bursa Malaysia Announces RM140.3 Million Profit After Tax And Minority Interest For The Nine Months Ended 30 September 2019

Date 29/10/2019

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) recorded a Profit After Tax and Minority Interest (“PATAMI”) of RM140.3 million for the nine-month financial period ended 30 September 2019 (“9M2019”), an 18.5% decrease from RM172.2 million reported in the previous corresponding period ended 30 September 2018 (“9M2018”). The decline in PATAMI is due to lower operating revenue by 11.1% to RM357.5 million from the previous corresponding period.