Markets & Infrastructure

Market Data & Technology

India to Level Playing Field Through ‘Managed Co-location Services’

By Garima Chitkara | 12/04/2018

SEBI asks exchanges to provide technical know-how and expertise to small traders that buy their co-location services in order to level the playing field among exchange members.

Clearing & Post-Trade

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

By Editors | 12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

Trading & Investment

Samsung Securities Dividend Error Prompts Industry Wide Probe

By Manesh Samtani | 12/04/2018

The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.

Data Privacy

Alipay Fined for Customer Rights, Data Protection Failures

By Editors | 12/04/2018

The company did not ensure customers had sufficient product information, failed to comply with rules on customer data, included misleading information in ads.

Market Data & Technology

CPMI-IOSCO Issues Technical Guidance on OTC Derivatives Data

By Manesh Samtani | 12/04/2018

Guidance excludes UTI and UPI standards, includes parameters for how data should be reported rather than specific regulatory requirements.

Alternative Markets

SFC Identifies Best Practices for Alternative Liquidity Pools

By Editors | 10/04/2018

ALP operator guidelines should include third-party order routing and information about prioritisation for orders simultaneously posted to exchanges; all ALP users should be qualified investors.

Data Privacy

India Directs Payment Firms to Store User Data Onshore

By Garima Chitkara | 09/04/2018

Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.

Structural Regulation

ASEAN ‘Close’ to Financial Services Free Trade Agreement

By Samuel Riding | 09/04/2018

Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.

Trading & Investment

MiFID II Could Kill Quality Investment Research

By Peter Guy | 09/04/2018

If almost all communications between sales-traders and clients is classified as “research”, severe distortions will hit the economics of quality investment insights.