Securities & Trading

Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.

Charges were laid against Cho Kwai Chee, a former director of Convoy Global Holdings, one of the companies said to be at the centre of the so-called 'enigma network'.

The SFC has found brokers that are failing to comply with the expected standards on client facilitation, and plans to take action against both individuals and firms.

The project to link the Shanghai and London stock exchanges has reportedly lost momentum in China, after earlier plans to launch in December were called off.

Hong Kong and Dutch regulators have set out a framework for the exchange of information and mutual recognition of funds registered in both jurisdictions.

SGX will introduce a 10-minute 'trade at close' session starting from 3 June. The session will allow participants to execute orders at the closing price of a security.

The Securities Commission requires each capital market entity to have business continuity management arrangements as part of ensuring systemic resiliency of the capital market.

Rules drafted by the PBOC and SAFE will ease investments in China's fixed income market by creating some interoperability between the QFII/RQFII and CIBM schemes.

Colombo's stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka's capital markets.

The proposals address issues in applying security-based swaps rules in a cross-border context, and leave supervision of foreign trading practices and market structures to home supervisors.