Securities / Derivatives

Market Infrastructure

Japan Completes Migration to T+2 Securities Settlement Cycle

By Editors | 16/07/2019

Japan has migrated to its new T+2 securities settlement cycle, on schedule, following a final successful migration rehearsal test over the weekend.

Market Infrastructure

CFTC Eases Foreign Clearinghouse Access to US Customers

By Manesh Samtani | 15/07/2019

An alternative compliance regime will be provided for non-US DCOs registered with the CFTC, while exempt DCOs will be allowed to offer clearing through foreign intermediaries.

Market Infrastructure

Japan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms

By Editors | 15/07/2019

Certain FSA-regulated derivatives trading platforms will be exempt from the requirement to register with the CFTC, and the FSA will facilitate authorisation for CFTC-regulated platforms.

Market Infrastructure

SGX Launches New Trading Engine from Nasdaq

By Editors | 15/07/2019

The upgrade standardises and unifies SGX’s operations, messaging and data infrastructure, enabling greater flexibility, speed and cost-efficiency when launching new products and services.

Securities / Derivatives

China, UK Seek to Establish Bond Market Connectivity – Report

By Editors | 12/07/2019

Following the success of the Hong Kong Bond Connect and Shanghai-London Stock Connect, China and the UK are exploring the feasibility of a bond connect programme.

Market Infrastructure

RBI Proposes to Extend Trading Hours for Forex, Money Market

By Editors | 11/07/2019

An RBI working group has proposed extending onshore FX trading from 5pm to 9pm, in a bid to recapture liquidity lost to offshore markets in recent years.

Securities / Derivatives

SGX RegCo Announces Changes to Voluntary Delisting Rules

By Editors | 11/07/2019

The new rules require exit offers in conjunction with voluntary delistings to be both “reasonable” and “fair”, and exclude the offeror and concert parties from the shareholder vote.

Securities / Derivatives

China Introduces Trading Alerts for Interbank Repo Rates

By Editors | 11/07/2019

The move follows the PBOC’s suspension of traders earlier this week for “abnormal” trades which put the overnight repo rate far below normal market rates.

Enforcement

Singapore Convicts Three Front-Runners Under Insider Trading Laws

By Editors | 11/07/2019

Two First State equity dealers told a UOB Kay Hian remisier about their firm’s intended orders to front-run trades in 100 counters, leading to over S$8mn in insider trading profits over 8 years.