News Centre

LSEG To Acquire The Yield Book And Citi Fixed Income Indices

Date 30/05/2017

• LSEG to acquire The Yield Book and Citi Fixed Income Indices from Citi, including the World Government Bond Index (WGBI), for total cash consideration of $685 million (£535 million) subject to customary adjustments
• The Yield Book and Citi Fixed Income Indices are both leading providers of fixed income indices and analytics globally
• Enhances and complements LSEG’s Information Services data and analytics offering, building on FTSE Russell’s US market presence and fixed income client base globally
• Allows FTSE Russell to capitalise further on key industry trends including strong growth in multi-asset solutions and passive investment strategies
• LSEG and Citi committed to ensuring a smooth transition, prioritising business continuity and uninterrupted delivery of products and services
• Attractive revenue and cost synergies of $30 million and $18 million respectively to be achieved through new product opportunities and operational efficiencies

Axioma Delivers Market Risk Solutions For Mirova And Natixis Asset Management - Expands Collaboration With FactSet In Continental Europe

Date 30/05/2017

Axioma, a leading provider of enterprise market risk and portfolio management solutions, and FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, have entered into an agreement with Mirova, the second-largest European manager of open-ended SRI funds and Natixis Asset Management, a leading Europe-based asset manager. These two leading asset managers are Natixis Global Asset Management affiliates, itself one of the largest asset managers in the world with more than US$ 877.1 billion under management.

Softek Join Forces With Elinphant

Date 30/05/2017

Softek, a leading provider of Capital and Credit Management solutions have announced a new partnership with Elinphant LLC, a specialist consulting practice providing governance, risk management and compliance solutions to financial service firms.

Commcise Wins “Capital Markets Startup Of The Year” - Award Presented At The 15th Annual Financial News Trading And Technology Awards

Date 30/05/2017

Commcise, the award-winning provider of integrated commission management, research evaluation and reporting solutions for investment management firms, was announced as the winner of the “Capital Markets Startup of the Year” award at the 15th annual Financial News Trading and Technology Awards, hosted in London.

Monetary Authority Of Singapore: Financial Penalties Imposed On Credit Suisse And UOB For 1MDB-Related Transactions

Date 30/05/2017

The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date.  In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB), as well as issued Prohibition Orders (POs) against three individuals and served notice of its intention to impose the same regulatory action on three others.

EGX Chairman Requests From CETA To Communicate With The Regulatory Authorities To Put Rules For Practicing The Profession

Date 29/05/2017

During his participation in honoring the graduates of ESTA, EGX Chairman demands a way of Communication between ESTA and the regulatory authorities to establish regulations for career practicing.

Al Mawared Amman Stock Exchange Weekly Report, 29 May 2017

Date 29/05/2017

The ASE slides back into red; Banks weigh

• Jordanian stocks lost 8 points last week amid slightly higher volumes as falling share prices of leading banks including Arab Bank (ARBK, -0.83%), The Housing Bank (THBK, -0.48%), and Jordan Islamic Bank (JOIB, -0.93%) dragged the market lower. Heavyweight Al-Eqbal Investment Company (EICO) helped partly offset broader market losses after advancing by 2.5% for the week. The ASE General Index closed the week at 2156.4 points, down by 0.39% WoW. 
• On the sectoral front, all sector indices closed the week in red except for the industrial sector (+0.59%) with the diversified financial services sector recording the biggest loss of 0.92% WTD. 
• Jordanians & Arabs were net buyers while foreigners were net sellers. 
• Institutions were net buyers while Retail investors were net sellers.

EGX Chairman Meets The Ambassador Of Cyprus In Cairo

Date 29/05/2017

The Egyptian Exchange (EGX) Chairman, Dr. Mohamed Omran met the Ambassador of the Republic of Cyprus in Cairo, Mr. Kharis Moritzis. During the meeting, the Ambassador thanked EGX for its supportive and helpful role in accepting Cyprus Stock Exchange on the Board of Directors of the Euro-Asian Stock Exchanges (FEAS) in place of Istanbul Stock Exchange during the last General Assembly.

Deutsche Börse Cash Market: Six New BNP Paribas ETCs On Industrial Metals Launched On Xetra - ETCs Track Futures Contracts On Aluminium, Lead, Copper, Nickel, Zinc And Tin

Date 29/05/2017

Six new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Monday. The new ETCs enable investors to participate in the performance of futures contracts on individual industrial metals. Futures contracts represent physical delivery of commodities with the option of cash settlement. The relevant contracts are traded on the London Metal Exchange (LME) and refer to aluminium, lead, copper, nickel, zinc and tin.

HKEX: Margin Rates For SOHO China Ltd. After Capital Adjustment

Date 29/05/2017

As previously advised in the circular (Ref.: MO/DT/045/17) dated 24 March 2017, capital adjustments as a result of the Special Dividend will be made to the positions of SOHO China Ltd. (“SOH”) Futures Contracts which exist after the market close on 29 May 2017, i.e. the business day immediately before 31 May 2017.