MARKET INFRASTRUCTURE

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    Securities / Derivatives

    Ransomware Attack Against ION Markets Hit Derivatives Traders

    By Manesh Samtani | 03/02/2023

    The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.

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    Market Infrastructure

    CSRC Draft Rules to Expand New IPO System to Main Boards

    By Editors | 02/02/2023

    The registration-based IPO system adopted by the STAR Market, ChiNext and BSE will be adopted on the main boards of the Shanghai and Shenzhen exchanges.

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    Market Infrastructure

    NYSE Faces Claims Over Last Week’s Trading Halts

    By Editors | 01/02/2023

    Charles Schwab, Robinhood, Virtu Financial and Citadel Securities are among the firms that submitted claims. The total impact is estimated at over $20mn.

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    Securities / Derivatives

    IOSCO Revises Principles for Regulating Commodity Derivatives Markets

    By Editors | 01/02/2023

    New Principles added cover unexpected market disruptions, market access, high-frequency trading, and investor education.

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    Market Infrastructure

    ASX to Introduce New Measures for Handling Outages

    By Sanday Chongo Kabange | 01/02/2023

    ASX will introduce new order and trade download services and a ‘cancel only’ session state. A proposed intraday restart capability will not proceed.

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    ESG / Sustainability

    JPX Concludes Carbon Credit Market Demonstration Project

    By Editors | 01/02/2023

    The project was commissioned by METI in September last year to demonstrate the technical feasibility of a carbon credits market.

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    Market Infrastructure

    Tokyo Financial Exchange to Launch TONA Derivatives on 20 March

    By Editors | 31/01/2023

    TFX will launch 3-month TONA futures and related options contracts. The 6-month Euroyen LIBOR futures and O/N Call Rate futures contracts will be delisted.

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    Capital / Liquidity

    FSC Korea Unveils 12 Policy Initiatives in 2023 Work Plan

    By Manesh Samtani | 31/01/2023

    The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.

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    Securities / Derivatives

    DTCC Publishes Testing Framework for US Move to T+1 Settlement

    By Editors | 30/01/2023

    The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.

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    Market Infrastructure

    India Completes Transition to T+1 Settlement Cycle

    By Editors | 30/01/2023

    The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.

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