Hong Kong Exchanges and Clearing Limited (HKEX) is set to roll out its Volatility Control Mechanism (VCM) - a measure designed to protect market integrity by preventing extreme price volatility arising from major trading errors and other unusual incidents - in its securities market on August 22, 2016. HKEX proposed the VCM in a consultation…
Read moreETFGI, the independent research and consultancy firm on trends in the global ETF/ETP ecosystem, has reported assets invested in ETFs/ETPs listed globally reached a new record high US$3.343 trillion at the end of July 2016. Net flows gathered by ETFs/ETPs in July were strong with US$52.68 billion of net new assets gathered during the month marking…
Read moreCLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has earlier today published its operating metrics for July 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,050,046 down 9.7% from 1,163,083 in June 2016. The average daily input value submitted to CLS was USD4.69…
Read moreAustralia Securities Exchange (ASX) has just announced its full-year results. Some of the highlights include: Revenue up $45.6 million Growth in all business lines underpinned by higher trading activity and robust capital raisings Expenses up $10.5 million EBITDA up $35.1 million, increase of 6.5%, NPAT and DPS up 5.7% Continued strategic technology investment • Futures…
Read moreThomson Reuters has seen a surge in financial services clients joining Thomson Reuters signature messaging platform, Eikon Messenger, in South Korea. Following the announcement that Yahoo will begin shutting down its legacy messaging client and API service between August 5, 2016 and Aug 31, 2016, financial services firms in South Korea are choosing Eikon Messenger as…
Read moreTradeStation, a Monex Group, Inc. (TYO:8698) company, has announced that it has been approved as the first retail online brokerage member firm of the Investors Exchange (IEX), which was recently approved to become the nation’s thirteenth registered national securities exchange. The SEC approved IEX’s application to become a registered national securities exchange on June 17,…
Read moreASIC has accepted a voluntary undertaking (VU) from Victoria-based registered liquidator, Gregory Stuart Andrews, of the insolvency firm GS Andrews & Associates. An ASIC investigation found Mr Andrews had not complied with his statutory lodgement and publication obligations. In response, Mr Andrews acknowledged his non-compliance and took the necessary steps to rectify the breach. The…
Read moreResponding to the forthcoming launch of Shenzhen-Hong Kong Stock Connect, China Exchanges Services Company Limited (CESC) has announced there will be a change to the universe of securities for its CES Stock Connect 300 Index (CES 300) upon the start of Shenzhen-Hong Kong Stock Connect. On the launch date, the universe of securities for the “Shenzhen…
Read moreSingapore Exchange (SGX) has announced that all the nine retail securities brokers in Singapore and The Central Depository (CDP) will provide electronic statements to customers, starting from the fourth quarter of 2016. These nine retail securities brokers in Singapore are all members of the Securities Association of Singapore (SAS) and SGX-Securities Trading (SGX-ST). Retail investors…
Read moreOperator of exchanges and clearing houses Intercontinental Exchange (NYSE: ICE) has announced that following U.S. Department of Justice clearance, the company will close its acquisition of S&P Global’s (NYSE: SPGI) Securities Evaluations (SPSE) and Credit Market Analysis (CMA), two assets within the S&P Global Market Intelligence division. ICE shared that it expects to fund the purchase price…
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