Securities / Derivatives

HKFE Obtains CFTC Certification for More MSCI Contracts

06/10/2020

Two broad-based Taiwan equity index contracts have received CFTC certification, allowing them to be offered and sold to persons in the US.

Enforcement

CFTC Fines Morgan Stanley Over Inaccurate Swaps Reporting

06/10/2020

Morgan Stanley’s cooperation with the CFTC investigation was rewarded with a reduced civil monetary penalty of $5mn.

Fintech / Regtech

SWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents

06/10/2020

The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.

Enforcement

Court Orders ANZ To Pay A$10m Penalty Over Unlawful Fees

06/10/2020

The case, launched by ASIC in July 2019, related to periodic payment fees ANZ was not entitled to charge under its terms and conditions.

Market Infrastructure

JPX Forms Committee to Investigate TSE System Failure

06/10/2020

The TSE said a failure occurred in a memory module of an Arrowhead shared disk device, where operations did not switch over to a secondary device due to a device setting.

Securities / Derivatives

HKEX Set to Adopt Enhancements to Pre-opening Session

06/10/2020

The POS enhancements, finalised in December, involve the adoption of features from the closing auction session, with the aim of improving price discovery and trading liquidity.

Big Picture

ISDA Calls for Common Standards in Derivatives, SFT Markets

05/10/2020

The development of common standards and taxonomies will facilitate automation and interoperability across derivatives and SFT markets.

HKMC Gets Expanded Credit Facility Amid First Half Loss

05/10/2020

HKMC recorded a new loss of HK$197mn for the first half of 2020. A revolving credit facility provided to HKMC through the Exchange Fund will increase from HK$30bn to HK$80bn.

Enforcement

ASIC Bans Former Fixed Income Broker for Ten Years

05/10/2020

The ex-broker charged unpermitted spreads and traded at prices other than the agreed independent valuation on transactions entered on behalf of referred clients.