SECURITIES / DERIVATIVES

Securities / Derivatives

HKEX Enhances Clearing Arrangement for Stock, Options Trades

By Manesh Samtani | 24/06/2024

Exchange participants that are not also clearing participants can now appoint more than one general clearing participant for stock and options trades.

Securities / Derivatives

Korea Issues Best Execution Guidelines for Securities Firms

By Manesh Samtani | 23/06/2024

The guidelines are intended to help securities firms understand how they should allocate customer orders once the new ATS market is launched in March 2025.

Market Infrastructure

HKEX to Introduce Measures to Boost Stock Connect – Report

By Sanday Chongo Kabange | 21/06/2024

New chair Carlson Tong said HKEX will introduce more measures to boost market turnover and new listings.

Enforcement

Hong Kong SFC Suspends Ex-PICC Investment Manager

By Sanday Chongo Kabange | 21/06/2024

The former investment manager failed to properly manage the risks of the fund, including liquidity and concentration risks.

Enforcement

ASIC Fines Ascot Securities for Failure to Detect Suspicious Trades 

By Editors | 21/06/2024

Ascot Securities should have suspected a client’s orders were manipulative, ASIC’s Markets Disciplinary Panel said.

Securities / Derivatives

SEBI Extends Ban on JM Financial to One Year

By Ajoy K Das | 21/06/2024

SEBI initially barred JM Financial in March from acting as lead manager for any new public issue of debt for 60 days. The ban is extended until 31 March 2025.

Securities / Derivatives

Bangladesh Tightens Norms for Appointment of Auditors

By Ajoy K Das | 20/06/2024

Market intermediaries are only allowed to appoint auditors from firms that are approved by BSEC. Errant auditors can be declared ineligible.

Market Infrastructure

SEBI Issues Framework for System Audits of Clearing Members

By Ajoy K Das | 20/06/2024

System audits should encompass “all the IT resources” of professional clearing members to identify any “major or minor non-compliances”.

Securities / Derivatives

PBOC to Start Participating in Treasury Bond Market ‘Gradually’

By Editors | 20/06/2024

Pan Gongsheng said including government bond trading in the PBOC’s monetary policy toolbox is needed to address risks similar to those that caused SVB’s collapse.