Securities / Derivatives

    Enforcement

    CFTC Fines Morgan Stanley Over Inaccurate Swaps Reporting

    By Editors | 06/10/2020

    Morgan Stanley’s cooperation with the CFTC investigation was rewarded with a reduced civil monetary penalty of $5mn.

    Market Infrastructure

    JPX Forms Committee to Investigate TSE System Failure

    By Editors | 06/10/2020

    The TSE said a failure occurred in a memory module of an Arrowhead shared disk device, where operations did not switch over to a secondary device due to a device setting.

    Securities / Derivatives

    HKEX Set to Adopt Enhancements to Pre-opening Session

    By Editors | 06/10/2020

    The POS enhancements, finalised in December, involve the adoption of features from the closing auction session, with the aim of improving price discovery and trading liquidity.

    Big Picture

    ISDA Calls for Common Standards in Derivatives, SFT Markets

    By Editors | 05/10/2020

    The development of common standards and taxonomies will facilitate automation and interoperability across derivatives and SFT markets.

    Enforcement

    ASIC Bans Former Fixed Income Broker for Ten Years

    By Editors | 05/10/2020

    The ex-broker charged unpermitted spreads and traded at prices other than the agreed independent valuation on transactions entered on behalf of referred clients.

    Securities / Derivatives

    Osaka Exchange to Launch Petroleum Index Futures

    By Editors | 05/10/2020

    The new futures contract will be based on the CME Group Petroleum Index and launch by year-end, subject to regulatory approvals.

    Market Infrastructure

    ISDA Receives Positive Business Review Letter from DOJ

    By Manesh Samtani | 05/10/2020

    The letter brings ISDA a step closer to publishing a supplement and related protocol that will make IBOR fallbacks in derivatives a reality.

    Fintech / Regtech

    SSE, SZSE to Pilot Blockchain in Trading, Custody Systems

    By Editors | 05/10/2020

    The Shanghai and Shenzhen stock exchange have separately announced plans to test newly-developed blockchain systems in equity markets.

    ESG / Sustainability

    Singapore Continues to Grow as Asia Pacific Gateway: MAS

    By Manesh Samtani | 04/10/2020

    As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.

    Securities / Derivatives

    SFC Issues Guidance on E-dissemination of Product Documents

    By Editors | 03/10/2020

    Investors currently receiving paper investment product documents need to be notified at least one month before e-dissemination arrangements take effect.

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