News Centre

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.

Dash Financial Technologies Adds Stino Milito As Co-COO

Date 31/07/2018

Dash Financial Technologies, the industry leader in order routing transparency, visualization and customization solutions, today announced the addition of Stino Milito as Co-COO. Reporting directly to CEO Peter Maragos, Milito will be responsible for product strategy and leading Dash’s Institutional buy-side team, a growing group that works with the firm’s asset management and hedge fund clients to help craft highly-tailored trading solutions.

UK’s Financial Conduct Authority: Statement On The Further Investigative Steps In Relation To RBS GRG

Date 31/07/2018

The Financial Conduct Authority (FCA) has today provided an update on its investigation in to Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG).

Nasdaq Dubai Announces Names Of 12 Saudi Companies On Which It Will Launch Equity Futures In September

Date 31/07/2018

• The companies selected are large and liquid stocks active in major industries 
• The new products are part of the exchange’s plans to launch regional opportunities for international investors

ASIC Approves The Banking Code Of Practice

Date 31/07/2018

ASIC has approved the Australian Banking Association’s (ABA’s) new Banking Code of Practice (the Code).

Circular Of Shanghai International Energy Exchange On Trading Margin Update For Crude Oil Futures Contracts SC1901 And SC1902

Date 31/07/2018

Shanghai International Energy Exchange（hereinafter referred to as “INE”）, the subsidiary of Shanghai Futures Exchange has released its circular on the trading margin update for crude oil futures contracts SC1901 and SC1902 listed below effective since the daily clearing process begins on August 2, 2018:

• The trading margin rate of contracts SC1901 will be updated from 7% to 6% of the contract value.
• The trading margin rate of contracts SC1902 will be updated from 7% to 5.5% of the contract value.
• For each of the above contracts, if the open interest reaches 30,000 lots (two-sided) at the market close, the trading margin rate shall return to 7% since the daily clearing process begins.
• In the case that the above adjusted trading margin rates vary from other trading margin rates prescribed in the INE’s rules, the higher ones will prevail. Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin requirements.

Thomson Reuters Selects CryptoCompare For Cryptocurrency Data - CryptoCompare Adds Order Book And Trade Data For 50 Cryptocurrencies To Thomson Reuters Eikon

Date 31/07/2018

CryptoCompare, the global cryptocurrency market data aggregator, has entered into a strategic partnership with Thomson Reuters, the world’s leading source of news and information for professional markets. Under the agreement, CryptoCompare will integrate order book and trade data for 50 coins, sourced from a wide variety of trusted exchanges, into Thomson Reuters financial desktop platform Eikon, providing institutional investors with reliable insight into the crypto asset market as a whole.

Monetary Authority Of Singapore Issues Prohibition Order Against Alan Tay Yeow Kee For Insider Trading

Date 31/07/2018

The Monetary Authority of Singapore (MAS) has issued a 5-year prohibition order (PO) against Mr Alan Tay Yeow Kee. Mr Tay will be prohibited from carrying out any regulated activities and from taking part in the management, acting as a director, or becoming a substantial shareholder of any capital market services firm under the Securities and Futures Act (SFA).

Tokyo Commodity Exchange: Periodic Review Of Top 10 Volume By Member

Date 31/07/2018

TOCOM publishes the “Top 10 Volume by Member” report, which contains information on the members holding 10 largest trade volumes, with the name of each member and the number of trade volume (the total of buy and sell transactions) for each commodity.

ASIC Updates Guidance For Funds Management Industry

Date 31/07/2018

ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the Asia Region Funds Passport and brings all of ASIC's funds management policies up to date to help promote industry-wide consistency.