Securities / Derivatives

Securities / Derivatives

CSRC Allows Funds to Engage in Securities Lending

By Editors | 27/06/2019

Certain funds can lend stocks to the state-owned China Securities Finance Corp, which can then lend to brokers, who facilitate investor short selling.

Market Infrastructure

CFTC Clarifies How Foreign Broker Exemptive Relief Can Be Terminated

By Editors | 27/06/2019

The CFTC has the right to terminate the exemptive relief granted to foreign brokers, but current regulations do not provide a specific course of action if exemptive relief no longer warranted.

Securities / Derivatives

PBOC Allows Large Brokers to Take on More Debt

By Manesh Samtani | 26/06/2019

Brokers will be allowed to issue more debt to maintain liquidity in the interbank market. But some say the liquidity crunch is a normal process to restore risk control and force out bad players.

Securities / Derivatives

SFC Orders Freezing of More Assets Linked to Manipulation Case

By Editors | 26/06/2019

The SFC has ordered more brokers to stop dealing with and processing assets linked to suspected market manipulation of Ding Yi Feng shares.

Big Picture

Buy-Side to Provide Stability in Bond Market Stress: IOSCO

By Manesh Samtani | 24/06/2019

Intermediaries and banks are less likely to provide liquidity during times of stress because of post-crisis changes in regulation and risk appetite.

Securities / Derivatives

Stock Connect Investors Gain Access to Onshore Yuan Rates

By Editors | 24/06/2019

Under the new arrangement, northbound Stock Connect investors will be able to hedge yuan exposures using the onshore exchange rate for the first time.

Market Infrastructure

ASIFMA Standardises Underwriter Documentation for Hong Kong IPOs

By Manesh Samtani | 24/06/2019

The initiative will promote efficiency and reduce costs and legal risks by offering standardised forms for agreements among underwriters and between underwriting syndicates.

Market Infrastructure

BOC Becomes LCH’s First Chinese Clearing Member

By Editors | 21/06/2019

Bank of China now has access to clearing of interest rate derivatives at LCH, and can act as a clearing broker to offer the service to its clients.

Securities / Derivatives

RBI Retail FX Trading Platform Set for 5 August Launch

By Editors | 21/06/2019

The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.