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SWIFT’s Global Payments Innovation Initiative Will Transform Cross-Border Payments - More Than 70 Banks Worldwide Collaborate To Dramatically Improve The Cross-Border Payments Experience With Greater Speed, Transparency And End-To-End Tracking.

Date 28/06/2016

SWIFT announces today that 73 banks worldwide have now joined its global payments innovation initiative, designed to improve the cross-border payments experience. Recent banks to join the initiative include, Alfa-Bank, Axis Bank, Banco de Crédito del Peru, Banco do Brasil, Bangkok Bank, Bank of Nova Scotia, Banque Européenne d’investissement, CaixaBank, Canadian Imperial Bank of Commerce, Credit Agricole, CTBC Bank, E.Sun Commercial Bank, Fifth Third Bank, ICICI Bank, Itaù Unibanco, Mashreq Bank, Promsvyazbank, Rabobank, Svenska Handelsbanken, Swedbank, TMB Bank and U.S. Bank.

Glencore Selects ICE Instant Messaging (IM) For Oil Trading Division - ICE IM Users Up 15 Percent Since January

Date 28/06/2016

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that Glencore has selected ICE Instant Messaging (IM) for its oil trading division. Glencore is one of the world’s largest global diversified natural resource companies and a major producer and trader of more than 90 commodities. ICE IM is part of the desktop and trading tools offered by ICE Data Services and is designed specifically for the trading community, with broad distribution that allows customers to collaborate with other global market participants in a secure, reliable environment that meets rigorous compliance requirements.

ESM/EFSF Investor Newsletter No. 20 - June 2016

Date 28/06/2016

Last week, the UK people voted to leave the European Union. It is a regrettable decision, but one that has to be respected. What is important to point out here is that the direct consequences for the ESM or the EFSF will be minimal. The UK is not a shareholder of the ESM, nor a guarantor of the EFSF.

SGX And Baltic Exchange Extend Period Of Exclusive Discussions

Date 28/06/2016

Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for 100% of the share capital of the Baltic Exchange (Transaction) from 30 June 2016 to 31 August 2016.

HKEX: Mandatory Intra-Day Variation Adjustment Call In Respect Of The HKSAR Establishment Day

Date 28/06/2016

All markets operated by the Hong Kong Futures Exchange will be closed for business on 1 July 2016. In order to assure that safeguards are in place against potential market risks that may arise during the aforesaid period when some of the major markets are open, the Clearing House has decided to make a mandatory intra-day variation adjustment call on Clearing Participants in the Hang Seng Index (“HSI”), Mini-Hang Seng Index (“MHI”), H-Shares Index (“HHI”), Mini H-Shares Index (“MCH”), HSCEI Dividend Point Index (“DHH”) and USD/CNH Futures (“CUS”) markets on Thursday, 30 June 2016.

Traiana Sees Threefold Growth On Harmony Equity Swap Service - Allocation Volumes Increase 185% Over One Year

Date 28/06/2016

Traiana, the leading provider of pre-trade risk and post-trade processing solutions, has seen a threefold growth in allocation volumes via its Harmony Equity Swaps service as clients embrace the post-trade efficiencies it provides in a period of regulatory change. The platform achieved growth of 185% between May 2015 and May 2016, following strong growth of 144% over the same period the prior year.

HKEX: Special Intra-day Margin Call In Respect Of The HKSAR Establishment Day

Date 28/06/2016

The Traded Options Market will be closed for business on 1 July 2016.  In order to assure that safeguards are in place against potential market risk that may arise during the aforesaid period when some of the major markets are open, the Clearing House has decided to make a special intra-day margin call in respect of all open positions on Thursday, 30 June 2016.

Cyprus Stock Exchange Monthly Bulletin May 2016

Date 28/06/2016

Click here to download the May monthly bulletin of Cyprus Stock Exchange.

Taiwan Stock Exchange and Bursa Malaysia Sign MoU To Jointly Study Potential Cross-Border Cooperation

Date 28/06/2016

The Taiwan Stock Exchange Corporation (TWSE) and Bursa Malaysia Berhad (Bursa Malaysia) just signed the second Memorandum of Understanding (MoU) to undertake a joint study to explore capital market opportunities to expand various areas of potential cross-border cooperation, namely in exchange traded funds (ETFs), indices, market connectivity, and market promotional activities. An earlier Memorandum of Understanding on cooperation and exchange was signed by the TWSE and Bursa Malaysia in 1999.

Nouriel Roubini: Limited Risk Of Global Recession And Financial Crisis

Date 28/06/2016

• Global recession and financial crisis unlikely following Brexit fallout, but mediocre growth is the new normal
• Rise of nationalism and populism worldwide threatens globalization
• No China banking crisis on the horizon
• The Annual Meeting of the New Champions 2016 is taking place in Tianjin, People’s Republic of China, from 26 to 28 June