Archive for February, 2012
Bursa Malaysia Launches New Derivatives Clearing and Settlement System
Bursa Malaysia Derivatives Berhad (BMD) has launched a new derivatives clearing and settlement system to provide faster and more efficient clearing and settlement services for its Clearing Participants. The new clearing and settlement system, which went live on Monday, 27 February 2012, will pave the way for the introduction of new derivative futures and options [...]
TurkDEX New Trading Platform
Our efforts towards launching a new trading platform and a new risk management system have reached the final stage. The new trading platform is planned to go live on May 25, 2012. With the new trading platform, all user screens and application programming interfaces (VOBAPI) will be renewed while comprehensive changes will be introduced in [...]
Launch of RQFII Scheme Marks SFC Major Milestone in Third Financial Quarter
In its Quarterly Report released February 29, the Securities and Futures Commission (SFC) marked a major milestone during the quarter ended 31 December 2011; the launch of the Renminbi Qualified Foreign Institutional Investors (RQFII) scheme and authorizing 19 RQFII funds to date. The funds offer Hong Kong retail investors one of the most direct channels [...]
MF Global Singapore Resigns From SGX
Singapore Exchange (“SGX”) has accepted the resignation of MF Global Singapore Pte Limited (“MF Global”) as a Member of Singapore Exchange Derivatives Trading Limited (“SGX-DT”), Singapore Exchange Derivatives Clearing Limited (“SGX-DC”) and Singapore Exchange Securities Trading Limited (“SGX-ST”). This completes the administrative process that remained after all SGX derivatives positions of MF Global’s customers had [...]
Chi-X Australia Market Operations Notice
ASIC has published February 28 an updated FAQ advising the market of its view that trades executed other than by matching on an order book under the “at or within the spread” criteria in the market integrity rules are not: (a)”on-market” for the purposes of the takeover exceptions in the Corporations Act (the “Act”); (b)entered [...]
KVH and Koscom to Launch Proximity Services for KRX Derivatives Trading
KVH Co. Ltd., Asia’s leading information delivery platform, and Koscom, a leading financial IT solutions provider, announced February 27 that they will offer proximity hosting services for the Korea Exchange (KRX) derivative trading customers at Koscom’s new data center in Busan. They will also offer ultra low-latency connectivity from overseas financial centers to Seoul and [...]
Sebi May Make MTM in Liquid Funds Compulsory In a Year
Documents released by the Securities and Exchange Board of India (Sebi) on Thursday February 23 show the mark-to-market (MTM) valuations norms for liquid mutual funds could be extended to all securities within one year. The Mutual Funds Advisory Committee had recommended implementation of MTM valuation norms in three phases, the agenda papers of the board [...]
Shanghai on Track to Launch Bond Futures Trading: Official
Shanghai will be rolling out a number of aggressive initiatives to grow its capital markets this year, including introducing bond futures trading, a top Chinese financial services official told CNBC. According to Fang Xinghai, Director of the Shanghai Financial Services Office, the city recently launched a bonds futures simulation program, which attracted a lot of [...]
HKEx Announces Market Makers, Margin Rates and Information Vendors Access Codes for HSI Volatility Index Futures
Hong Kong Exchanges and Clearing Limited (HKEx) has announced market makers, margin rates and information vendors’ access codes for HSI Volatility Index (VHSI) futures, which will begin trading in HKEx’s derivatives market on Monday, 20 February 2012. Market Makers HKEx has appointed the following companies as market makers for VHSI futures to facilitate trading in [...]
CSRC to Curb Speculation
China’s top securities regulator is seeking methods to curb irrational speculation. The measures may include improving the delisting mechanism and a more efficient risk-warning system for private investors. The main reason most private shareholders suffered serious losses over the past two years was immature governance of the capital market and a weak regulatory system, according [...]
