MARKET INFRASTRUCTURE

Market Infrastructure

ASX Confirms Plans to Ramp Up Industry Testing Exercises

By Ranamita Chakraborty | 24/05/2023

ASX will increase the number of BCP events to two per year. All participants are expected to attend. The next BCP event is on 3 June.

Market Infrastructure

SGX to Launch First Depository Receipts on 30 May

By Sanday Chongo Kabange | 24/05/2023

The inaugural depository receipts will be issued by Phillip Securities and represent ownership in Thailand’s AOT and PTT Exploration & Production.

Market Infrastructure

Singapore, Shanghai Exchanges Sign MoU to Link ETF Markets

By Editors | 23/05/2023

A similar MoU was signed between SGX and SZSE in December 2021 which has led to three cross-market ETF listings.

Market Infrastructure

LCH SwapClear Completes USD LIBOR to SOFR Conversion

By Editors | 23/05/2023

In aggregate, LCH SwapClear has successfully converted approximately 600,000 USD LIBOR contracts with notional value of $45tr.

Fintech / Regtech

ASX Will No Longer Use Blockchain for CHESS Replacement System

By Mark Johnston | 22/05/2023

ASX said the rebuild will need to use “a more conventional technology” and no longer involve blockchain or DLT.

Market Infrastructure

EU Commission Adopts MoU on UK Regulatory Cooperation

By Mark Johnston | 21/05/2023

The MoU is seen as a positive step, but it does not deal with access of UK and EU firms to each other’s markets or equivalence decisions.

Securities / Derivatives

HKEX Announces Launch Date for HKD-RMB Dual Counter Model

By Editors | 21/05/2023

The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.

Securities / Derivatives

WFE Highlights Challenges of Measuring CCP Margin Procyclicality

By Editors | 20/05/2023

The significant uncertainty in measurements means procyclicality mitigation tools can be miscalibrated, inefficient, or detrimental.

Fintech / Regtech

34 FIs Have Joined Swift Service for Addressing Settlement Fails

By Editors | 19/05/2023

The service leverages the UTI to link all Swift messages related to the same securities settlement flow in a transaction chain.