Trading & Investment

Structural Regulation

ASIC Warning Prompts FX Brokers to Halt Overseas Services

By Editors | 21/05/2019

Two Australian FX brokers announced they will stop servicing overseas customers, after ASIC warned they may be breaking the law in other jurisdictions.

Trading & Investment

HKEX to Extend After-Hours Session From 17 June

By Editors | 21/05/2019

The enhancement will provide investors greater flexibility during US market hours and improve risk management, HKEX says.

Trading & Investment

ISDA Launches Two More Consultations on Benchmark Reform

By Garima Chitkara | 21/05/2019

ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada’s CDOR. It is also proposing to include the SOFR in Singapore’s SOR calculation following USD LIBOR’s cessation.

Trading & Investment

BNM Announces Initiatives to Boost Market Liquidity, Accessibility

By Editors | 20/05/2019

The changes include enhanced repo market liquidity and flexibility, easier access to forex market, and an improved delivery mechanism for MGS futures settlements, among others.

Conduct, Culture & Accountability

SFC Warns Brokers, Traders on Client Facilitation Conduct

By Manesh Samtani | 17/05/2019

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.

Trading & Investment

‘No Concrete Timetable’ for Shanghai-London Connect – SSE

By Editors | 17/05/2019

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.

Trading & Investment

Koscom to Open Robo-Advisory Testbed from 3 June

By Editors | 17/05/2019

Robo-advisory services will have to undergo testing and verification before they can be used to directly manage funds and entrusted assets under new enabling FSC regulations.

Structural Regulation

Hong Kong, Netherlands Agree Mutual Recognition of Funds

By Editors | 16/05/2019

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

Trading & Investment

SGX to Introduce 10-Minute ‘Trade at Close’ Session in June

By Editors | 16/05/2019

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.