Market Infrastructure

Market Infrastructure

ESMA Extends TAIFEX Recognition to Cover TWD NDFs

By Editors | 02/07/2024

ESMA recognised TAIFEX as a TC-CCP in December 2022 initially just for interest rate swaps. TWD non-deliverable forwards are now approved.

Securities / Derivatives

HKEX Proposes to Reduce Tick Sizes in Securities Market

By Editors | 02/07/2024

HKEX says the proposal will lower overall transaction costs, improve price discovery and boost liquidity.

Securities / Derivatives

ISDA Confirms Plans to Develop Industry Notices Hub

By Editors | 01/07/2024

ISDA received “strong support” for the plan and will now work with S&P Global Market Intelligence and Linklaters to build the platform.

Securities / Derivatives

Korea Extends Daily FX Trading Hours to 2am

By Editors | 01/07/2024

Onshore dollar-won trading now trades until 2am each day, compared to 3.30pm previously.

Securities / Derivatives

Euroclear, Clearstream Enable Omnibus Access to KTB Market

By Editors | 01/07/2024

Euroclear and Clearstream have launched direct links with Korea allowing global investors to trade Korean government bonds using omnibus accounts.

Market Infrastructure

China, Hong Kong Pilot Cross-boundary Credit Referencing

By Sanday Chongo Kabange | 01/07/2024

The MoU between the HMKA and PBOC on cross-boundary commercial credit data connectivity is “essential” for healthy development of the banking sector.

AML / KYC

Australia Law Body Issues Guidance on AML

By Sanday Chongo Kabange | 01/07/2024

The guidance will safeguard  legal practitioners from being “unwittingly” misused by financial criminals.

Market Infrastructure

HKMA, PBOC To Establish Cross-border Payment Link

By Sanday Chongo Kabange | 01/07/2024

The cross-boundary payment and settlement scheme will enhance economic activities between Hong Kong and the Mainland.

Market Infrastructure

EU Legislatoes Agree on MiFIR, MiFID II Revisions

By Editors | 30/06/2024

The revisions will establish EU-level ‘consolidated tapes’ for different kinds of assets, and impose a general ban on ‘payment for order flow’.