SECURITIES / DERIVATIVES

Securities / Derivatives

Thai SEC Consults on Three-tiered Investments by Funds

By Pongnut Thanaboonchai | 21/10/2021

The SEC is consulting on whether to allow mutual funds to make three-tiered investments in funds under the same company’s management.

Crypto / Digital Assets

NYSE Launches First US ETF Linked to Bitcoin with SEC Approval

By Sanday Chongo Kabange | 21/10/2021

The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.

Securities / Derivatives

ISLA Publishes Clause Library, Taxonomy for Securities Lending

By Editors | 21/10/2021

ISLA collated clauses and variants used with master agreements and identified how firms configure and add to the standard provisions to create a set of common clauses.

Securities / Derivatives

New Beijing Stock Exchange Prepares for Launch

By Darien Choong | 20/10/2021

More than 100 market participants participated in a second round of tests. The new exchange is expected to start trading as early as this month.

Securities / Derivatives

Pakistan Stock Exchange Set to Launch New Trading System

By Manesh Samtani | 19/10/2021

The system, acquired from the Shenzhen Stock Exchange, was first scheduled to be implemented in March 2021. The launch is now expected within October.

Enforcement

NZ FMA Censures Jarden Securities for Client Money Breaches

By Editors | 19/10/2021

OM Financial, which amalgamated with Jarden in March 2021, transfered its own money into the trust account designated to hold investor money.

Crypto / Digital Assets

ASIC Seeks Extension of CFD Product Intervention Order to 2031

By Sanday Chongo Kabange | 18/10/2021

ASIC says there were 45 percent fewer loss-making retail client accounts and losses were smaller as a result of its October 2020 product intervention order.

Securities / Derivatives

Tokyo Stock Exchange Plans to Extend Trading Hours – Report

By Editors | 18/10/2021

Japan’s trading day runs for just five hours each day, an outlier among major markets. The bourse will reportedly propose a 30-minute extension.

Securities / Derivatives

HKEX Launches First China A-Share Futures Contract

By Editors | 18/10/2021

The contract is based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.