Markets & Infrastructure

Payments & Settlements

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.

Trading & Investment

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.

Market Abuse

UPDATED – Citadel Securities Fined in Korea for ‘Disrupting Market Order’

By Editors | 31/01/2023

The case was the first in which the FSC imposed a penalty for market order disruptions as a result of high-frequency algorithmic trading.

Clearing & Post-Trade

JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries

By Editors | 31/01/2023

The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.

Conduct, Culture & Accountability

SFC Fines Private Fund Adviser for Failing to Protect Investors’ Interest

By Editors | 31/01/2023

Cardinalasia Consulting and its responsible officer failed to ensure that the manager of the five private funds received appropriate advice.

Conduct, Culture & Accountability

Singapore Court Fines Whistleblower for Making False Claims

By Editors | 31/01/2023

The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.

Structural Regulation

Philippine SEC Issues Consumer Protection Rules for Consultation

By Editors | 31/01/2023

The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.

Stablecoins

Japan FSA to Permit Foreign Issued Stablecoins by Early June

By Editors | 30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.

Clearing & Post-Trade

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.