News Centre

Blockchain Leaders Join Forces To Create Efficiencies In The Global FX Market

Date 18/09/2019

• Finteum is building on R3’s Corda, the leading blockchain platform for business
• Project to focus initially on the interbank intraday FX swaps market
• Banks will benefit from instant settlement, minimising settlement risk
• FX is the world’s largest and most liquid market, but is beset by outdated technology

Tradeweb Launches Electronic Multi-Asset Package Trading On Its Interest Rate Swaps Platform

Date 18/09/2019

Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, announced the launch of multi-asset package (MAP) trading on its global Interest Rate Swaps (IRS) platform. The first fully-electronic multi-asset package transaction using in-competition request-for-quote (RFQ) took place between Legal & General Investment Management (LGIM) and Bank of America Merrill Lynch.

DIFC Strengthens Partnerships With European Financial Centres, Supporting Growth Of Dubai As A Leading Global Hub

Date 18/09/2019

• Series of strategic meetings with DIFC senior leadership mark deeper collaboration between the number one financial centre in the MEASA region and the European hubs of London, Paris, Frankfurt and Zurich
• The Centre’s comprehensive financial ecosystem continues to secure new opportunities and strengthen international relationships to deliver sustainable growth

Bursa Malaysia Extends Agreement To Host Its Derivatives Products On CME Globex, And Plans To Acquire The Remaining 25% Equity Interest In Bursa Malaysia Derivatives

Date 18/09/2019

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) today announced that it has extended its agreement with Chicago Mercantile Exchange Inc (“CME”) to host Bursa Malaysia Derivatives Berhad’s (“BMD”) products on CME Globex until September 2025 (with the option of successive renewal terms of 3 years thereafter). Bursa Malaysia will in turn acquire the 25% equity interest in BMD currently held by CME Group Strategic Investments LLC (“CMEGSI”) following the exercise of the Put Option as prescribed under an agreement entered into on 30 November 2009 (“Shareholders Agreement”). Both CME and CMEGSI are wholly-owned subsidiaries of CME Group Inc (collectively referred to as “CME Group”). Following the acquisition, BMD will become a wholly-owned subsidiary of Bursa Malaysia, which will enable the Exchange to streamline its assets and expand its offerings in the derivatives business.

Wematch Announces New Investment From J.P. Morgan And Societe Generale

Date 18/09/2019

J.P. Morgan and Societe Generale have invested in fintech firm, Wematch, as the company advances its plans to transform traditionally voice-traded financial markets.

Volante Technologies Launches SWIFT Message Validation Service On The Cloud - Volante’s Validation Service Is The First Of Its Kind On The Cloud, Providing Quick API-Based Access To Validate SWIFT Messages Without The Need For In-House Configuration And Deployment

Date 18/09/2019

Volante Technologies Inc., a global provider of technology and software as a service to accelerate digital transformation and payments modernization, today announced it has launched financial message validation on the cloud, available as an Amazon Machine Image (AMI) on the AWS Marketplace. 

Hong Kong's Securities And Futures Commission Obtains Disqualification Order Against Former Executive Director Of Life Healthcare Group Limited

Date 18/09/2019

The Securities and Futures Commission (SFC) has obtained a disqualification order in the High Court against Ms Michelle Kwok Choi Ha, a former executive director of Tack Fat Group International Limited (Tack Fat), now known as Life Healthcare Group Limited.

Announcement On The Release Of Stainless Steel Futures Contract And Related Implementing Rules Of Shanghai Futures Exchange

Date 18/09/2019

Stainless Steel Futures Contract of the Shanghai Futures Exchange and related Implementing Rules, which have been accepted by the Shanghai Futures Exchange Board of Directors and reported to the China Securities Regulatory Commission.

Shenzhen Stock Exchange Signs A Framework Agreement On Strategic Cooperation With Harbin Electric Corporation

Date 18/09/2019

On September 17, Shenzhen Stock Exchange (SZSE) signed a framework agreement on strategic cooperation with Harbin Electric Corporation (HE). The signing of the agreement represents the implementation of the requirements of the keynote speech delivered by General Secretary of the CPC Central Committee Xi Jinping at the symposium on advancing revitalization of northeast China as well as a major measure to step up overall cooperation between Harbin and Shenzhen. SZSE Deputy Party Secretary and President & CEO Wang Jianjun and Deputy Secretary of the Party Committee and General Manager of HE Wu Weizhang attended the symposium and the signing ceremony.

Japan's Financial Services Agency: Joint Session Of The 42nd General Meeting Of Financial System Council And The 30th Meeting Of Sectional Committee On Financial Systemof

Date 18/09/2019

Joint session of the 42nd general meeting of Financial System Council and the 30th meeting of Sectional Committee on Financial System will be held on September 25, 2019 as follows. The meeting is open to the public.