News Centre

Hong Kong Bucks Trend To Become World's Most Competitive Economy

Date 30/05/2016

The Pearl of the Orient, China Hong Kong, is living up to its nickname and has defied a pattern of decline among Asian economies to supplant the United States of America (USA) as the world's most economically competitive country, according to the latest ranking released by the IMD World Competitiveness Center.

IMD Releases Its 2016 World Competitiveness Ranking - The USA Toppled As World’s Most Competitive Economy

Date 30/05/2016

The USA has surrendered its status as the world’s most competitive economy after being overtaken by China Hong Kong and Switzerland, according to the IMD World Competitiveness Center. 

Moscow Exchange: FX Market Risk Parameters Change

Date 30/05/2016

NCC Clearing Bank is changing risk parameters starting from 31 may 2016 according to the tables below.

Working Hours Of The Amman Stock Exchange And Trading Hours During The Holy Month Of Ramadan

Date 30/05/2016

On the occasion of the holy month of Ramadan, the ASE has decided to change the official working and trading hours during the holy month of Ramadan, the working hours will be from 09:30 to 15:30, as for trading hours it will be as follows:

Egyptian Exchange: Trading Hours During Ramadan Holy Month

Date 30/05/2016

The Egyptian Exchange (EGX) decided that the trading session dates during the month of Ramadan to be as follows:

• First : The trading session of listed securities (Main Market) from 10:00 am to 1:30 pm, preceded by a discovery session starts at 9:30 am.
• Second: Small & Medium Enterprises Stock Exchange (NILEX) from 10:00 am to 1:30 pm.
• Third: The time to record orders in the deals market for transactions with large volume from 9:15 am to 9:45 am. 
• Fourth: The trading session for non-listed securities (Orders Market, OTC) on Monday and Wednesday only of each week from 11:30 am to 12:00 pm.
• Fifth: The trading session for non-listed securities (Deals Market, OTC) from 09:30 am to 1:30 pm.
• Sixth: The trading session for non-listed securities (Central Depository) from 10:00 am to 11:30 am.
• Seventh: Time to divide Omnibus Accounts from 1:30 pm to 2:00 pm

SGX Launches SGX Sustainability Indices

Date 30/05/2016

Singapore Exchange (SGX) today announced the launch of SGX Sustainability Indices, another suite of equity indices composed of SGX-listed stocks introduced by SGX Index Edge. SGX’s partner, Sustainalytics, provided the environmental, social and governance (ESG) research and ratings for SGX-listed companies, and the ratings underpin the Indices.

ESMA Issues Opinion On MiFID II Standards On Ancillary Activities

Date 30/05/2016

The European Securities and Markets Authority (ESMA) has issued today an Opinion in response to a letter sent by the European Commission (Commission) asking to amend its draft RTS 20 under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). RTS 20 provides criteria to establish when a non-financial firm’s commodity derivatives trading activity is considered to be ancillary to its main business.

Re-Appointments To The MAS Board Of Directors

Date 30/05/2016

The Monetary Authority of Singapore (MAS) announced the re-appointment of four members of the MAS Board of Directors, with effect from 1 June 2016.

Thailand Futures Exchange Appoints 3 Market Makers For Stock Futures

Date 30/05/2016

Thailand Futures Exchange PCL (TFEX) welcomes three new market makers namely KGI Securities (Thailand) pcl (KGI), Trinity Securities Co., Ltd. (TNITY) and RHB Securities (Thailand) pcl (RHBS) to increase liquidity for stock futures, effective from June 1, 2016.

Abu Dhabi Global Market Signs FinTech MOU With Flat6Labs

Date 30/05/2016

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and Flat6Labs U.A.E. FZ-LLC (Flat6Labs), on 25 May 2016, signed a Memorandum of Understanding on technology development and innovation in financial services to develop the financial technology (FinTech) eco-system in Abu Dhabi.