Securities / Derivatives

Securities / Derivatives

China’s Top Two Brokerage Firms Explore Merger – Report

By Editors | 14/04/2020

A merger between Citic Securities and CSC Financial would create a $67bn investment bank, surpassing the market cao of most other foreign competitors.

Market Infrastructure

China Opens Treasury Bond Futures Market to ICBC, BOC, BoCom

By Editors | 13/04/2020

Participation by the three banks in the treasury bond futures market will improve liquidity, enhance price discovery, and create a more meaningful yield curve.

Big Picture

Short Selling May Help Mitigate the Effects of Covid-19 Crisis

By Editors | 13/04/2020

ISLA’s Council for Sustainable Finance says short selling can be a “positive mechanism”, and banning it can harm price discovery and liquidity.

Securities / Derivatives

SC Malaysia Asks Fund Managers to Ramp Up Liquidity Stress Testing

By Editors | 12/04/2020

Stress testing should be conducted more regularly to assess the impact on fund liquidity and redemptions, and to pre-empt liquidity shortages before they occur.

Fintech / Regtech

FSC Korea Moves to Support Corporate, Fintech Funding Needs

By Editors | 10/04/2020

Korea’s bond market stabilisation fund has begun operating. Additional support will come through a new bond underwriting programme, P-CBOs, and direct investment into fintechs.

Securities / Derivatives

SGX Marks First Listing of Dual Class Shares in Digital Ceremony

By Editors | 10/04/2020

AMTD International’s listing ceremony was SGX’s first to be conducted digitally with a live global broadcast. It was also the first SGX listing of a NYSE company.

Securities / Derivatives

SFC Raises Concerns with Leveraged Foreign Exchange Trading

By Editors | 10/04/2020

Brokers reported that more than 60% of clients who engage in leveraged foreign exchange trading made net trading losses, some in excess of HK$1mn.

Market Infrastructure

IOSCO Redirects Work Programme to Focus on Covid-19 Impacts

By Editors | 09/04/2020

IOSCO resources will be redeployed to focus on matters directly impacted by Covid-19, including to examine market-based finance, investment funds and central clearing.

Securities / Derivatives

RBI to Open Up Rupee Derivatives for Hedging from 1 June

By Editors | 09/04/2020

Authorised dealers and can allow users to trade rupee derivatives up to USD 10 million notional value outstanding without the need to establish the existence of underlying exposures.