Deutsche Börse Market Data + Services announced that it will begin disseminating fixed income indices and bond pricing data from African countries starting on 24 November 2014. Concerto African Bond Indices are the first independent index family to measure pan-African local currency sovereign bond performance. The indices are calculated and maintained by Germany-based Concerto Financial Solutions.
Montréal Exchange Inc. (MX), Canada’s national derivatives exchange, is hosting the 15th Canadian Annual Derivatives Conference (CADC), a two-day event beginning today in Québec City. The CADC is Canada’s premier derivatives conference, providing an interactive and lively forum for attendees from across North America and Europe to share perspectives on the latest industry developments.
“CADC 2014 covers a wide variety of important topics impacting the derivatives business both here in Canada and around the world,” said Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives, TMX Group. “MX is proud to once again provide a forum for all of our stakeholders to exchange ideas and work together toward strengthening Canada’s derivatives markets well into the future.”
This year’s program covers a diverse range of topics, from Canada’s housing market and overall economic outlook to the futurization of interest rate SWAPs and the latest developments in regulation and clearing. Panel discussions will also include discussions on algorithmic trading and the increasing demand for risk management and trading analytics.
The Irish Stock Exchange (ISE) and the Shanghai Stock Exchange (SSE) have signed a Memorandum of Understanding (MOU) with the aim of developing a mutually beneficial relationship between the exchanges.
Deirdre Somers, ISE CEO said: “We are very happy to sign this MOU with our peers from Shanghai. We will be looking at opportunities where our exchanges can leverage our respective strengths to further develop the financial services industry in Ireland, Europe and the People’s Republic of China.”
In 2008 the Central Bank of Ireland (as the Financial Regulator) signed two MOUs with its Chinese counterparts. These MOUs enable Chinese investors to invest in Irish domiciled investment products.
Dr Que Bo, Executive Vice President of the SSE said: “We are delighted to be in Ireland to sign this MOU. We believe that this will lay a solid foundation for exploring further co-operation between us. The ISE is a highly internationalised exchange and we look forward to sharing information and exchanging our respective market knowledge.”
The ISE is one of the leading venues for listing debts and funds in Europe and has over 31,000 securities listed on its markets from 80 countries around the globe. The SSE is considered the most preeminent stock market in Mainland China.
The signing of the MOU took place on the market floor of the ISE.
ASX and the Bank of China have signed a Heads of Agreement to expand their strategic cooperation to develop the Renminbi (RMB) as a currency in Australia’s financial markets.
The Heads of Agreement complements the appointment late yesterday of the Bank of China as the official RMB clearing bank in Australia by the People’s Bank of China, China’s central bank. Official RMB clearing banks have direct access to China’s onshore RMB and foreign exchange markets, and enhance liquidity in the local market.
ASX and the Bank of China launched an RMB settlement service in Australia in July 2014. This service allows Australian companies to pay and receive RMB in near real-time and in the same way as they transact in Australian dollars, reducing their risk and the cost of doing international business.
By signing the Heads of Agreement ASX and the Bank of China commit to explore opportunities that will expand the role of the RMB in financial markets.
The 10th Asia-Pacific New Markets Forum, APNMF, was held on November 6, 2014, in Tapei by the GreTai Securities Market. The theme of the 10th APNMF was Optimizing exchanges‘ role in developing SME capital markets and creating opportunities. The participating institutions included exchanges in Australia, Malaysia, H.K., Indonesia, Japan, South Korea, Poland, Sri Lanker, Taiwan, Thailand and Vietnam, and the World Bank Group and the capital market regulator of Oman.
The International Organization of Securities Commissions today published the consultation report Post-Trade Transparency in the Credit Default Swaps Market, which seeks to analyze the potential impact of mandatory post-trade transparency in the credit default swaps (CDS) market.
The report’s analysis is based on a review of relevant works of international standard-setting bodies and academic literature and an examination of publicly available transaction-level post-trade data about CDS transactions before and after the introduction of mandatory post-trade transparency in certain CDS markets in the United States. IOSCO also conducted a survey of market participants and other market observers regarding their use of certain publicly available post-trade data and its perceived impact on the market.
The Taiwan Stock Exchange (“TWSE”) launched the Greater China region’s first leveraged and inverse Exchange Traded Funds (ETFs), namely the “Yuanta Daily Taiwan 50 Bull 2x ETF” and “Yuanta Daily Taiwan 50 Bear -1x ETF”, on October 31.
The new products add further variety to Taiwan’s growing ETF landscape. The TWSE is currently home to 23 ETFs, including 7 ETFs which track offshore benchmark indices for markets including Hong Kong, Shanghai and Shenzhen. The combined ETF traded value on TWSE reached NT$55.7bln in September 2014, up 110% compared to the same period last year.
The TWSE is continuing to work closely with both domestic and offshore issuers to facilitate the timely introduction of more alternative financial products – including leveraged, inverse, and commodity ETFs plus indices – in order to attract more liquidity and investors to the Taiwan market.
NZX is proposing to move to a shortened trading settlement cycle from the current trade date plus three business days settlement (T+3) to a trade date plus two business days settlement (T+2) for cash market trades on its markets.
Key benefits of the proposal are the reduction of risk to those involved in the settlement process and maintaining alignment of settlement cycles in New Zealand and Australian capital markets. Technological changes in the industry mean that a shortened settlement cycle is possible and is consistent with a wider move around the world from T+3 to T+2.
The JSE has successfully completed the second phase of the JSE’s number one priority project, the T+3 project. The project is being implemented in three phases, and will result in the local equities market moving from the current T+5 settlement cycle to a shorter, three day settlement cycle (which is the intention of Phase 3 on the initiative). The JSE’s move to a T+3 settlement cycle will further align the South African market with global best practice and improve its efficiency and credibility.
Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the announcement by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission of the start date for Shanghai-Hong Kong Stock Connect (Stock Connect), a mutual market access programme of the Hong Kong and Shanghai stock markets.
As stated in a regulatory announcement HKEx published on the 10th November, the launch of Shanghai-Hong Kong Stock Connect on 17 November 2014 has been approved.
The HKEx market has been ready in terms of technical systems and operations for the launch of stock connect. HKEx is also pleased to announce that all the conditions under the Four-party Agreement* have been satisfied and therefore Stock Connect will commence operation on the launch date.
The list of Exchange and Clearing Participants that will participate in Stock Connect, the list of eligible stocks for Northbound trading and the list of stocks that will be eligible for Northbound margin trading on 17 November 2014 are available in the Stock Connect section of the HKEx website. As the registration process for Exchange Participants who have successfully completed the market rehearsals as China Connect Exchange Participants remains in progress, the participant list will be updated as more registrations are completed. The eligible stock lists will be updated daily.