News Centre

Nasdaq Statement On North American Operations

Date 15/03/2020

• All electronic equities, options, and fixed income markets remain fully operational
• New listings and Initial Public Offerings continue as scheduled
• PHLX Options Market trading floor transitions to electronic-only trading

ASX Confirms Normal Market Operations After A Positive Case Of COVID-19, And Asks Employees To Work From Home

Date 15/03/2020

ASX reports that one of our employees has tested positive to COVID-19. The advice was received on Saturday 14 March.

Statement From The Governor Of The Bank Of England, Mark Carney, And Incoming Governor, Andrew Bailey - Statement About The Coordinated Central Bank Action To Enhance The Provision Of Global U.S. Dollar Liquidity

Date 15/03/2020

Today’s coordinated action by major central banks will improve global liquidity by lowering the price and extending the maximum term of U.S. dollar lending operations. These new operations will help ease strains in global funding markets, thereby supporting the supply of credit to households and businesses.

Federal Reserve Actions To Support The Flow Of Credit To Households And Businesses

Date 15/03/2020

The Federal Reserve is carefully monitoring credit markets and is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals. In addition to actions taken by the Federal Open Market Committee, including actions taken in coordination with other central banks, the Federal Reserve Board announced a series of actions in support of these goals. These actions are summarized below.

Coordinated Central Bank Action To Enhance The Provision Of U.S. Dollar Liquidity

Date 15/03/2020

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

Federal Reserve Issues FOMC Statement

Date 15/03/2020

The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial conditions have also been significantly affected. Available economic data show that the U.S. economy came into this challenging period on a strong footing. Information received since the Federal Open Market Committee met in January indicates that the labor market remained strong through February and economic activity rose at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending rose at a moderate pace, business fixed investment and exports remained weak. More recently, the energy sector has come under stress. On a 12‑month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation have declined; survey-based measures of longer-term inflation expectations are little changed.

NZX Response To Coronavirus (COVID-19)

Date 15/03/2020

NZX has considered the Government’s announcement on 14 March 2020 of new border controls to protect New Zealanders from COVID-19, and advises that we do not foresee any impact from these measures on the continued full operation of our markets, regulatory function, or services to customers.

NZX Regulation Issuer Update: Coronavirus (COVID-19)

Date 15/03/2020

Please see attached an Issuer Update published this morning, and sent to all NZX issuers, providing guidance by NZX Regulation on Listing Rules issues arising out of COVID-19 event.

U.S. Equity Market Resiliency During Times Of Extreme Volatility

Date 15/03/2020

From global shocks like Coronavirus and oil price fluctuations, market participants must always be prepared for unanticipated volatility. There is a comprehensive range of actions, rules and market mechanisms that aim to prevent extreme price dislocations and temper extraordinary volatility. These important innovations aim to deliver tangible benefits to market participants, liquidity providers and global investors. The following are a few of the most significant protections in place.

Dubai Financial Market Successfully Implements The Largest Ever Technology Upgrade Throughout Its History

Date 15/03/2020

• The Nasdaq Financial Framework (NFF), including the Packaged CCP, Market Surveillance and Nasdaq Matching Engine, creates a world-class combined ecosystem for multi-asset trading, surveillance and clearing activities
• H.E. Essa Kazim: “Significant milestone that further strengthens Dubai’s leading position as a capital markets’ hub, as the UAE preparers for the next 50 years of its momentous journey”
• Hassan Al Serkal: “The new trading engine empowers the DFM with a fast, high throughput and efficient protocol that accommodates more than 80 thousand trades per session”
• Maryam Fekri: “Going-live with the first Nasdaq Packaged CCP clearing system for cash equities globally equips us to launch Dubai Clear, the UAE's first independent equities Central Counter Party Company”
• Paul McKeown: “Nasdaq’s clearing and matching technology delivers the highest levels of reliability, greater flexibility and effectiveness, as well as the compatibility and openness between applications and external systems"