News Centre

UK Financial Conduct Authority: Update To June 2019 Joint Statement On Opportunistic Strategies In The Credit Derivatives Market

Date 19/09/2019

On 24 June 2019, the Chairmen of the US Securities and Exchange Commission and the US Commodity Futures Trading Commission, along with the Chief Executive of the FCA, released a joint statement on opportunistic strategies in the credit derivatives markets. The joint statement outlined mutual concerns about the pursuit of these strategies and the adverse impact they may have on the integrity, confidence and reputation of the credit derivatives markets, as well as markets more generally. 

Bank Of England: Bank Rate Maintained At 0.75% - September 2019

Date 19/09/2019

The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.

CESC Index Report For August 2019

Date 19/09/2019

Highlights

• CES Innovative Pharmaceuticals Index (CESIBT) up 9.2 per cent following the inclusion of innovative drugs in the Drug Catalog for Medical Insurance 
• Thanks to increasing demands for Mainland manufactured chips and semiconductor parts, relevant companies showed outstanding performance. CES China Semiconductor Index (CESCSC) soared 7.7 per cent 
• Net capital inflow to the Mainland China reached RMB13.2 billion in August. CES Foreign A-Shares Choice Index (CESFAC) edged up 2.6 per cent 
• Announcement by the MSCI to raise the inclusion factor of A shares in its indexes from 10 per cent to 15 per cent 
• Record low RMB exchange rate in 11.5 years as a result of Sino-US trade tension 
• Further recognition of Shenzhen as a Pioneering Demonstration Zone fosters financial cooperation between Shenzhen and Hong Kong

GMEX Fusion Digital Capital Markets Technology Suite To Power Live Transactions For DAG Global Across Two Leading Cryptocurrency Exchanges

Date 19/09/2019

GMEX Technologies Ltd., a wholly owned subsidiary of GMEX Group providing multi-asset post-trade business and technology solutions, today announced the latest release of its GMEX Fusion Digital Capital Markets technology suite (GMEX Fusion), built on IBM (NYSE: IBM) Blockchain Platform, this technical advancement empowers institutional investors with a hybrid solution supporting multiple digital assets, including cryptocurrencies, security tokens, and more.

Moscow Exchange: Final Settlement Price Of US 500 Index Futures (U500-9.19)

Date 19/09/2019

On 19 September 2019, the final settlement price was determined for the US 500 Index Futures:

Powernext: Successful Launch Of The Monthly Auctions For Guarantees Of Origin In France

Date 19/09/2019

Powernext, part of EEX Group which belongs to Deutsche Börse, successfully held the first auction of Guarantees of Origin (GO) for the French State on September, 18th. Opened on September, 11th 2019 the first order book comprised 4,448 GWh of Guarantees of Origin from March and April 2019 auctioned by the DGEC (French Climate Authority). The whole volume has been sold to 25 participants. 

UK Financial Conduct Authority Finds MiFID II Research Unbundling Rules Working Well For Investors

Date 19/09/2019

The Financial Conduct Authority (FCA) has today published multi-firm review findings indicating the Markets in Financial Instruments Directive’s (MiFID II) research unbundling rules have improved asset managers’ accountability over costs, saving millions for investors.

Exchange Council Welcomes Announcement To Merge Powernext Business With EEX

Date 19/09/2019

On Thursday 12^th September 2019, the Exchange Council of the European Energy Exchange (EEX) held its third meeting of 2019 in Paris, chaired by Dr Michael Redanz, Managing Director of EWE Trading GmbH. In the course of the meeting, the Exchange Council discussed a number of topics including the recent announcement of the intention to merge current Powernext activities into EEX from the 1^st January 2020, the launch of Trade Registration services for the Japanese Power market and EEX’s pre-trade transparency obligations.

Global Financial Centres Index 26: London At Risk - China Dominates FinTech

Date 19/09/2019

London hung onto its second place ranking in the Global Financial Centres Index 26, launched today by Z/Yen Group in partnership with the China Development Institute (CDI) in both London and Shenzhen.

EBS Launches Next Generation EBS Direct Platform

Date 19/09/2019

EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, today announced it is launching a next-generation EBS Direct platform with enhanced capacity and speed, which will deliver round trip processing times below 50 microseconds.