News Centre

UK's Financial Conduct Authority Publishes Third MiFID II Consultation Paper

Date 29/09/2016

The Financial Conduct Authority (FCA) has today (29 September 2016) published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II).

Moscow Exchange: Final Settlement Of January's Brent Futures Contracts

Date 29/09/2016

The final settlement date of the January's Brent futures contracts (BR-1.17) is to be changed to 30 December 2016 as 2 January 2017 is a non-trading day due to public holidays in Russia. 

China Exchanges Services Co Ltd Index Report For August

Date 29/09/2016

Highlights

• Trading under Shanghai Connect increased after approval was given for Shenzhen Connect.  Northbound trading had a single-day net inflow of RMB5 billion on 16 August, a new high in 2016. Ten most actively traded stocks were all CES 300 constituents.
• CES 300 rose by 5.2 per cent in August, with a risk-adjusted return of 1.7, the highest among benchmark indices 
• A shares trailed Hong Kong stocks in August, with CES A80 up 4.4 per cent.  CES HKMI rose 6.9 per cent, the best performer among benchmark indices 
• CES 120 surged by 5.7 per cent, outperforming many other stock market indices by a wide margin 
• Open interest in Singapore’s FTSE China A50 Index futures reached a record high, with a nominal contract value of RMB44 billion 

ESMA Consults On Future Rules For Financial Benchmarks

Date 29/09/2016

The new European regulatory framework for benchmarks will ensure their accuracy, robustness and integrity across the European Union. It will also clarify the behaviours and standards expected of administrators and contributors. These requirements will ensure that benchmarks are produced in a transparent and reliable manner and so contribute to well-functioning and stable markets, and investor protection.

Calastone Strengthens China-Hong Kong Market Link By Enabling Direct Connectivity With Shenzhen Securities Communications Co - A Landmark Step-Forward In Directly Connecting China’s Investment Market To International Investors And A Reflection Of Ongoing Appetite For Cross-Border Investments

Date 29/09/2016

Calastone, the global fund transaction network, today announced the establishment of direct connectivity with Shenzhen Securities Communications Co. (SSCC) a fully-owned subsidiary of the Shenzhen Stock Exchange. This represents another step forward in connecting China and Hong Kong investment markets to facilitate north- and southbound cross-border fund transactions.

enepath Launches New Eclipse Voice Trading Product Suite - A Turret Solution Delivering Cost Efficiency Without Compromise

Date 29/09/2016

enepath, the TraderVoice and communications specialist, is pleased to announce the launch of its Eclipse^TM product suite. Utilising the latest technology to deliver new voice services that the trading room requires, Eclipse provides top-quality communications, mobility, reliability and flexibility on both a local and global scale, at a cost that has not been seen before in this industry.  

ASIC Permanently Bans Former Deutsche Bank FX Trader

Date 29/09/2016

ASIC has permanently banned former Deutsche Bank FX options and futures trader, Andrew Donaldson, of Sydney, from providing financial services.

Financial Services Industry Applauds SEC Action To Facilitate A Shorter Settlement Cycle - A Two-Day Settlement Cycle Will Yield Numerous Benefits For Investors, Industry, Regulators And All Market Participants

Date 29/09/2016

The T+2 Industry Steering Committee (T+2 ISC) applauds recent action by the Securities and Exchange Commission (SEC) to propose a rule change that will facilitate the move to a two-day settlement cycle. The proposed rule change will provide regulatory certainty necessary to help the financial services industry achieve its goal of moving to a two-day settlement cycle by September 2017.

U.S. Department Of Justice: New York City Resident Pleads Guilty To Using Sham Foreign Entity And Secret Foreign Accounts In Switzerland And Israel To Evade Taxes - Used Secret Foreign Accounts To Hide Over $7 Million In Funds And Evade Taxes

Date 28/09/2016

A New York City man pleaded guilty today to a criminal information charging him with tax evasion for tax years 2003 through 2005 and 2007 through 2010, announced Principal Deputy Assistant Attorney General Caroline D. Ciraolo, head of the Justice Department’s Tax Division, and U.S. Attorney Robert L. Capers of the Eastern District of New York.

After Brexit, Will A BRICS-it Multilateral Financial System Be Next?

Date 28/09/2016

There is no doubt that the Central Securities Depositories community has evolved through the various partnerships that have been forged over the decades. While countries are leaving regional unions, such as Brexit, CSDs belonging to the BRICS nations continue to come together in the spirit of collaborating for the greater benefit of the financial markets.