Securities / Derivatives

Market Infrastructure

HSBC Mulls Shanghai Listing through Stock Connect

By Garima Chitkara | 19/10/2018

HSBC could become the first foreign firm to list on the Shanghai Stock Exchange through a new Stock Connect link with London, slated to go live at the end of the year.

Capital / Liquidity

Basel Invites Feedback On Leverage Ratio Reform

By Garima Chitkara | 19/10/2018

The Basel Committee is inviting feedback on the approach to reforming the leverage ratio as it applies to client cleared derivatives.

Securities / Derivatives

Chi-X Australia, Deutsche Announce New TraCR Issuances

By Editors | 19/10/2018

Microsoft, JP Morgan, Disney and Facebook will join Apple in becoming Transferable Custody Receipts listed on Chi-X Australia, with more issuances to follow.

Securities / Derivatives

Japanese Brokers to Seek TSE Compensation for Trading Glitch

By Manesh Samtani | 19/10/2018

Up to 40 brokerages face billions of yen in potential losses on over 100,000 retroactive trades they are duty-bound to make after trading was halted last week due to a connection failure.

Securities / Derivatives

PBOC Launches Tri-party Repos in Interbank Bond Market

By Editors | 18/10/2018

Tri-party repos allow investors to entrust an agent to handle collateral, reducing settlement failure while ensuring effective coverage of risk exposure.

Securities / Derivatives

FSS Unveils Measures to Boost Internal Controls, Compliance Staff at FIs

By Editors | 18/10/2018

The measures, though not yet finalised, follow recent concerns about stock trading systems at financial institutions in South Korea.

Big Picture

ISDA Publishes Updated Template for Close-Out Netting Legislation

By Manesh Samtani | 17/10/2018

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.

Securities / Derivatives

NSE India Launches Commodity Derivatives Segment

By Editors | 15/10/2018

NSE is the second stock exchange in India to offer commodity trading; licensing agreement will see the exchange use LSE prices for settling various commodity futures contracts.

Enforcement

S. Korea to Toughen Penalties for Naked Short Selling

By Editors | 15/10/2018

New legislative revisions could subject illegal short sellers to up to 10 years imprisonment and fines amounting to 1.5 times profits on short selling.