Category: Exchanges

HKEX
December 17, 2024 BY Sam Boughedda

HKEX's OTC Clear to Accept China Government Bonds and Policy Bank Bonds as Collateral for Swap Connect

The firm said the enhancement will let offshore investors use these bonds, which are held through Bond Connect, to meet initial margin requirements for Northbound Swap Connect. It is expected to improve capital efficiency and provide more flexibility to international investors. Furthermore, HKEX said that it will also enhance the liquidity of bond holdings in…

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Euronext
December 03, 2024 BY Sam Boughedda

Euronext Unveils Total Return Futures on FTSE MIB Index

The firm revealed in a press release Monday that the move expands its European derivatives offering, building on the success of its TRF on the CAC 40 Index launched in 2018. TRF is designed to replicate the economics of over-the-counter (OTC) total return swaps, offering a more transparent and cost-effective exchange-traded solution.  Euronext explained that…

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Expected US Rate Cuts Give Copper Price A Boost
December 02, 2024 BY Sam Boughedda

R.J. O'Brien & Associates Canada Fined By ICE Futures For Minor Violations

The penalty was issued under the exchange's Rule 21.02(e), which allows the Chief Regulatory Officer to impose summary fines of no more than $25,000 for minor violations without a formal disciplinary hearing. ICE Futures explained that the violation stemmed from improper cross trading in Canola Futures contracts. Specifically, R.J. O'Brien was found to have violated…

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HKEX
December 02, 2024 BY Sam Boughedda

HKEX: Wilfred Yiu to Retire, Vanessa Lau to Become Sole COO

The company revealed that Wilfred Yiu, HKEX’s Deputy Chief Executive Officer, Co-Chief Operating Officer, and Co-Head of Markets, will retire at the end of December after nearly six years with the organisation.  HKEX said Yiu, who will also retire as Chief Executive of The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange…

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HKEX
November 22, 2024 BY Sam Boughedda

HKEX Appoints Chief Sustainability and Group Chief Communications Officer

The company revealed that in his new role, Chow will be responsible for driving HKEX’s sustainability strategy, ensuring ESG considerations are integrated into all aspects of the company’s operations.  He will also continue to lead the Group’s legal and secretarial services functions as Group General Counsel. Chow joined HKEX in April 2021 as Group General…

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November 19, 2024 BY Sam Boughedda

Aquis Exchange Chair Glenn Collinson Steps Down

Collinson’s decision to step down due to personal reasons comes as Aquis is set to be acquired by SIX Exchange Group AG.  The company said Collinson believes this is an opportune moment for him to hand over the reins to Deirdre Somers, who has been appointed as the new Non-Executive Chair. Somers has a wealth…

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LME proposes requirements for the responsible sourcing of metal in listed brands
November 15, 2024 BY Sam Boughedda

LME Clear Unveils Proposals to Boost Market Resilience

Outlined in a consultation released on 14 November, the proposals include raising minimum capital requirements for clearing members, capping mutualised default fund contributions, and introducing anti-procyclicality controls. The company explained in a press release that the proposed increase in minimum net capital requirements for clearing members—from $10 million to $30 million—aims to align LME Clear…

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Hong Kong stock exchange
November 05, 2024 BY Sam Boughedda

HKEX to Digitise ETP Servicing

Scheduled for implementation in 2025, subject to regulatory approval and technical readiness, the web-based platform aims to streamline the in-kind creation and redemption process for relevant ETPs. HKEX explains that by leveraging distributed ledger technology (DLT) and smart contracts, it intends to connect key ETP participants, enhancing operational efficiency and boosting overall market liquidity. "Speed…

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Cboe
November 04, 2024 BY Sam Boughedda

Cboe Launches New Timestamping Service

The company explained that the service enhances market transparency and efficiency, offering traders insights into order execution and cancellation processes. They added that the new service is available on all Cboe-affiliated U.S. Equities Exchanges, providing market participants with detailed information about order and cancel messages. By analysing timestamp data, traders and participants are able to…

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