News Centre

Working Group On Euro Risk-Free Rates Issues High Level Recommendations For Fallback Provisions In Contracts Referencing EURIBOR

Date 06/11/2019

• Working group recommends market participants incorporate fallback provisions in all new contracts referencing EURIBOR
• Legacy contracts referencing EURIBOR entered into after 1 January 2018 and falling under EU Benchmarks Regulation should be covered by robust written plans
• In legacy contracts without appropriate fallback provisions, EURIBOR fallback provisions should be introduced or existing provisions enhanced when they are next amended or updated
• Where no specific fallback provision is recommended, the working group is recommending a generic EURIBOR fallback provision

LSEG - Publication Of Circular And Notice Of General Meeting

Date 06/11/2019

Further to LSEG plc’s announcement on 1 August 2019 that it had reached definitive terms with a consortium including certain investment funds affiliated with Blackstone, as well as Thomson Reuters, to acquire Refinitiv in an all share transaction for a total enterprise value of approximately US$27 billion (as at 1 August 2019) (the “Transaction”), LSEG plc announces that the Listing Transactions Department of the Financial Conduct Authority (the “FCA”) has today approved LSEG plc’s shareholder circular in relation to the Transaction (the “Circular”).

Tadawul Publishes Drafts Of Index Rules And Methodology For Public Consultation

Date 06/11/2019

The Saudi Stock Exchange (Tadawul) is keen to involve all concerned and interested parties to participate and share their observations on the regulatory frameworks for its markets. 

Opening Remarks At Hong Kong Securities And Futures Commission 30th Anniversary Cocktail 2019, Mr Ashley Alder Chief Executive Officer, 28 October 2019

Date 06/11/2019

This is a special anniversary for the Securities and Futures Commission (SFC). I would like to thank all those who are with us this evening whose efforts – whether as SFC board members, SFC staff or our other supporters – have enabled the organisation to go from strength to strength over all these years.

Horizon Software Enhances Execution Algorithmic Suite With New “Implementation Shortfall” Automated Trading Strategy

Date 06/11/2019

Horizon Software (Horizon), the world’s leading provider of electronic trading solutions and algorithmic technology, has announced the availability of a new execution algorithm, the implementation shortfall, adding significant and unique improvements in automated trading to its already market-leading solution. The key benefits of these enhancements, which will be available globally, also include the improvements of the existing algos.

Moscow Exchange: Risk Parameters Change For The Security RU000A0ZYPG6 - Update 1

Date 06/11/2019

As per the Securities market risk parameters methodology, on 06.11.2019, 10-29 (MSK) the upper bound of the price band and initial margins (up to 22.5 %) for the security RU000A0ZYPG6 were changed. New values are available here

FinTech, Wematch, Strengthens Team With Appointment Of Electronic Trading Veteran, Jack Jeffery As Chairman

Date 06/11/2019

Wematch, the global multi-asset-class, web-based matching and negotiation platform, has appointed Jack Jeffery as Chairman of its Board.

IHS Markit And Pirum Systems Add UTI Connect And More Clients To Joint SFTR Solution

Date 06/11/2019

As Phase One of SFTR reporting approaches, IHS Markit and Pirum Systems continue to grow the client base for their joint SFTR solution – more than 60 firms have committed to use the platform, and they are now bilaterally testing its end-to-end services, including transaction and collateral reconciliation and reporting using ISO 20022 (XML) standard messaging.

Taiwan Futures Exchange Newsletter - November 2019

Date 06/11/2019

Click here to download the TAIFEX Newsletter for November 2019.

HKEX Monthly Market Highlights

Date 06/11/2019

Highlights

- Securities Market

• Market capitalisation was $31.8 trillion at the end of October 2019, an increase of 10 per cent from $28.8 trillion at the end of October 2018.
• The average daily turnover of CBBCs for the first ten months of 2019 was $8.4 billion, an increase of 14 per cent when compared with $7.4 billion for the same period last year.
• The average daily turnover of ETFs for the first ten months of 2019 was $4.5 billion, an increase of 5 per cent when compared with $4.3 billion for the same period last year.
• The average daily turnover of debt securities for the first ten months of 2019 was $0.3 billion, an increase of 50 per cent when compared with $0.2 billion for the same period last year.