News Centre

Upper Tribunal Publishes Decision On Linear Investments Limited In Relation To Penalty Imposed By UK Financial Conduct Authority

Date 10/04/2019

The Upper Tribunal has published its decision on the reference made by Linear Investments Limited (Linear) in relation to the penalty imposed by the Financial Conduct Authority (FCA).

Hong Kong's Securities And Futures Commission Publicly Criticises Kwok Tse Wah For Breaches Of Takeovers Code

Date 10/04/2019

The Securities and Futures Commission (SFC) has publicly criticised Kwok Tse Wah for breaching the dealing restrictions and dealing disclosure obligations under the Takeovers Code.

Bursa Malaysia Recognises Top Performing Brokers And Market Intermediaries At The Bursa Excellence Awards 2018

Date 10/04/2019

The Bursa Excellence Awards 2018 ended on a high note with 44 award recipients honoured at the glittering awards ceremony yesterday evening.

FlexTrade Partners With Openfin For Desktop Interoperability - Provides Buy-Side Traders With Seamless Interoperability Between FlexTRADER EMS, FlexNOW And OpenFin Third-Party Applications

Date 10/04/2019

FlexTrade (@FlexTrade), a global leader in broker-neutral, execution and order management trading systems, today announced its partnership with OpenFin, the operating system (OS) of finance. The partnership provides application interoperability and improves workflow management for buy-side traders using FlexTrade’s award-winning execution management system, FlexTRADER, and FlexTrade’s out-of-the-box cloud-based trading system, FlexNOW, the first cloud EMS available via Amazon Web Services.

Circular Of Shanghai International Energy Exchange On The Delivery Issues Of SC1905

Date 10/04/2019

Shanghai International Energy Exchange (hereinafter referred to as “the Exchange”), the subsidiary of Shanghai Futures Exchange has released its Circular on the Delivery Issues of SC1905 on April 10, 2019.

Monetary Authority Of Singapore Bans Three Individuals For Fraudulent And Dishonest Conduct

Date 10/04/2019

The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees and a former insurance agent for fraudulent and dishonest conduct. 

Budget Estimates, Opening Statement By ASIC Chair James Shipton, Wednesday, 10 April 2019

Date 10/04/2019

Introduction

Good evening Chair.

On behalf of my colleagues, thank you for the opportunity to appear before this committee.

Along with Deputy Chairs Daniel Crennan QC and Karen Chester, also joining me are Commissioners Danielle Press and John Price.

Commissioners Cathie Armour and Sean Hughes apologise for being unable to appear tonight.

We also have Executive Directors Greg Kirk, Michael Saadat, Tim Mullaly and Warren Day tonight. Our Chief Financial Officer, Emily Hodgson, also joins us.

Tokyo Commodity Exchange March 2019 Market Summary - TOCOM March Daily Volume Averaged 79,276 Contracts, Down 1.3% M-o-M

Date 10/04/2019

The Tokyo Commodity Exchange announced today that March 2019 average daily volume was 79,276 contracts, down 1.3% from February and down 27.0% from March 2018. Volume increased for TOCOM’s largest contracts, such as Gold Standard, which grew 5.8% month-over-month to 33,404 contracts and Platinum Standard increased 21.7% to 14,700 contracts. Meanwhile, Gold Rolling Spot decreased 25.6% to 6,177 contracts, Gold Mini fell 5.8% to 3,250 contracts and Dubai Crude Oil declined 23.8% to 10,076 contracts. 

UK's Financial Conduct Authority: Insurance Firms Failing To Consider Value Of The Products And Services Provided To Consumers

Date 10/04/2019

The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service.

SGX Reports Market Statistics For March 2019

Date 10/04/2019

• Derivatives volume hit record high during first quarter of 2019, reaching daily average volume of more than 1 million contracts per quarter for the first time
• Securities daily average value rose compared to preceding quarter, led by higher turnover in IT and REIT sectors