News Centre

MNI Chicago Business Barometer Rises To 65.5 in July - New Orders, Production Bolstered As Prices Paid Hits 10-Year High

Date 31/07/2018

The MNI Chicago Business Barometer rose to a six-month high of 65.5 in June, up 1.4 points from 64.1 in June.

iSTOXX Developed Markets B.R.AI.N. Index Licensed To Coincapital

Date 31/07/2018

STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the iSTOXX Developed Markets B.R.AI.N. Index to the Canadian Coin Capital Investment Management Inc (Coincapital). The index uses FactSet Revere data to identify sectors likely to benefit from increased prevalence of four different themes: biotechnology, robotics, artificial intelligence (AI), and nanotechnology.

Phillip Capital Contracts With Trading Technologies To Distribute The TT®

Date 31/07/2018

Phillip Capital Inc., a Chicago-based self-clearing futures commission merchant (FCM) and broker dealer, and Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, today announced that Phillip Capital has contracted with Trading Technologies to make the TT futures trading platform available to Phillip Capital’s global client base of professional traders. With this agreement, Phillip Capital’s customers are now able to leverage TT’s innovative technology, including Autospreader®, ADL®, charting and analytics, options functionality and TT’s suite of APIs, to trade all TT-supported markets through TT’s global low-latency network.

Barclays Leads $14 Million Raise As Cloud9 Looks To Digitize Trader Voice Communication - SaaS Platform Replaces Legacy Voice Trading “Turrets” And Positions Financial Institutions To Unlock Valuable Market Intelligence

Date 31/07/2018

Cloud9 Technologies (“Cloud9”), the leading financial communications provider, has completed a $14 million Series B investment fundraising, led by Barclays and including JPMorgan and NEX Group. The proceeds will be used to accelerate development and global roll-out of its SaaS-based voice communications platform, which provides a comprehensive cloud-based replacement to traditional trading “turrets”; immediate access to a growing pool of liquidity; full interoperability with third-party systems; and real-time provision of high-fidelity audio, trading metadata and transcription.

HKEX Report On Initial Public Offering Applications, Delisting And Suspensions

Date 31/07/2018

Report on Initial Public Offering Applications, Delisting and Suspensions
(As at 31 July 2018)

Al Hilal Bank Partners With Abu Dhabi Global Market To Promote Islamic Finance

Date 31/07/2018

Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE. The Memorandum of Understanding (MoU) was signed by Alex Coelho, Chief Executive Officer at Al Hilal Bank, and Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) at ADGM Authorities Building on Al Maryah Island.

HKEX Announces China Tower-Related Initiatives

Date 31/07/2018

• China Tower Futures and Options to be introduced on 8 August
• Issuers can launch China Tower derivative warrants when China Tower shares debut
• China Tower shares to be included in Designated Securities Eligible for Short Selling when they begin trading

BT Brings Fintech Innovation To Global Foreign Exchange Markets With Cobalt - BT Is Making It Easy For Large Financial Institutions To Benefit From The Latest Fintech Innovations

Date 31/07/2018

Global financial institutions’ foreign exchange (FX) post-trade systems are aging, becoming increasingly inefficient, risk-laden and costly. Many are struggling to cope with the demands of accurate data capture during the life cycle of trades. This is creating operational risk and could undermine regulatory compliance.

EEX New Participant: KEN S.A.

Date 31/07/2018

KEN S.A. has been admitted to exchange trading for Phelix Futures and Options, French Financial Power Futures and Options, Belgian Financial Power Futures, Dutch Financial Power Futures, Italian Financial Power Futures and Options, Nordic Financial Power Futures and Options, Spanish Financial Power Futures and Options, Swiss Financial Power Futures, Greek Financial Power Futures, PXE Polish Financial Power Futures, PXE Czech Financial Power Futures, PXE Hungarian Financial Power Futures, PXE Slovakian Financial Power Future, PXE Romanian Financial Power Futures and Futures and Options on Emission Rights.

UK's Financial Conduct Authority Response To Mortgage Lenders' Commitment To Help Longstanding Borrowers

Date 31/07/2018

In our Mortgages Market Study Interim Report we sought views on whether and how to enable customers on an active lender’s reversion rate to switch to a better deal in certain circumstances – including whether this could be achieved through a voluntary agreement. We welcome this initiative(link is external) by UK Finance(link is external), the Building Societies Association(link is external) and the Intermediary Mortgage Lenders Association(link is external) to respond to that challenge. We will work closely with industry to discuss the detail of this arrangement and monitor the impact it will have. We will also continue to work with industry to identify solutions for borrowers who have mortgages with inactive firms and any active lenders not signed up to this agreement.