Securities / Derivatives

Market Infrastructure

SFTR: An Opportunity to Upgrade, Automate

By Manesh Samtani | 17/06/2019

DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.

Securities / Derivatives

BNM Issues Draft Rules for Electronic Trading Platforms

By Editors | 17/06/2019

BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.

Securities / Derivatives

India INX Launches Trading Platform for Green Bonds

By Editors | 17/06/2019

BSE-owned India INX has listed the bonds of three Adani-group subsidiaries on its new green bonds platform.

Securities / Derivatives

ICBC US Brokerage Unit Penalised for Unlawful ADR Practices

By Editors | 17/06/2019

ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.

Securities / Derivatives

Shanghai’s New Tech Board to Commence Trading Within 2 Months

By Editors | 15/06/2019

China has held a launch ceremony for Shanghai’s new board, termed the ‘SSE STAR Market’. Trading is expected to commence within 2 months with about 30 companies.

Securities / Derivatives

SFC Provides Additional Guidance on Sale of Complex Products

By Editors | 14/06/2019

Paragraph 5.5 of the Code of Conduct is only applicable for unsolicited purchases of complex products. Intermediaries can apply a risk-based approach to disclosures for repeat purchases.

Market Infrastructure

UPDATED – Shanghai-London Connect to Start Trading 17 June

By Editors | 13/06/2019

GDRs issued by Huatai Securities will be admitted to the Shanghai-London Stock Connect segment of the LSE on 20 June, when trading will commence.

Securities / Derivatives

Bursa Malaysia Launches Mobile Depository Services

By Editors | 13/06/2019

‘Bursa Anywhere’ allows individual investors to manage their share depository account on their cellphones.

Enforcement

UPDATED – Merrill Lynch in KRX Crosshairs for High-Frequency Trading

By Editors | 12/06/2019

KRX probe to determine if Citadel’s HFT algorithm breached fair trade rules; Merrill Lynch reprimand to be decided following alleged market disruption.