Securities / Derivatives

Securities / Derivatives

Korea to Introduce Fractional Trading of Foreign, Domestic Stocks

By Manesh Samtani | 13/09/2021

Fractional trading is expected to become available within this year for foreign stocks, and in Q3 2022 for domestic stocks, the FSC said.

Securities / Derivatives

Korea to Create Additional ₩100bn ‘New Deal’ Fund

By Sanday Chongo Kabange | 13/09/2021

The additional New Deal fund will be financed through 80bn won in investments from the private sector and 20bn won from the government.

Securities / Derivatives

SEC Committee Endorses Stricter Enforcement of SPAC Rules

By Editors | 13/09/2021

The investor advisory committee recommended increased enforcement of existing disclosure rules for SPACs, including in relation to the sponsor’s role.

Enforcement

Bursa Malaysia Punishes RHB Investment Bank Representatives

By Editors | 13/09/2021

The dealer’s representatives engaged in discretionary trading without proper authorisation, causing “significant losses” to a client.

Big Picture

Exchanges Can Help Minimise Broker-Dealer Operational Risk

By Manesh Samtani | 13/09/2021

A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.

Securities / Derivatives

Thai SEC Eases Red Taps for Foreign Issuers Seeking IPO

By Pongnut Thanaboonchai | 12/09/2021

The change will reduce the burden of raising funds for foreign companies and help boost the competitiveness of Thai capital markets, the SEC said.

Market Infrastructure

RBC Capital Markets to Launch FX Infrastructure in Singapore

By Editors | 12/09/2021

RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.

Securities / Derivatives

Hong Kong SPAC Framework to Prohibit Retail Access – Report

By Editors | 12/09/2021

Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.

Enforcement

KRX to Temporarily Exempt Market Makers from Obligations

By Editors | 12/09/2021

KRX says the FSS warning of fines against nine market makers will hamper the functioning of the market making system for a while.