Trading & Investment

Trading & Investment

Bangladesh to Introduce Alternative Trading Board

By Manesh Samtani | 21/07/2018

Officials say any equity, corporate bond, derivative or open-end mutual fund can be traded on the new platform, with no capital or disclosure requirements.

Structural Regulation

The Hong Kong-China Stock (Dis)Connect

By Peter Guy | 20/07/2018

The battle for large cap tech listings between HKEX and mainland exchanges ignited over Xiaomi this week, indicating that China’s strategic goal might be to prevent home-grown, multi-billion dollar “unicorn” companies from seeking listings on any overseas markets – including Hong Kong.

Trading & Investment

China Bourses Agree on Plan to Allow Trading in HK-Listed Dual Class Shares

By Manesh Samtani | 19/07/2018

HKEX, SSE, SZSE to set up joint working group to formulate supplementary rules for including dual class shares in Stock Connect southbound trading, following ‘special stability trading period’.

Market Abuse

Korea Exchange to Boost Monitoring of Short Selling

By Garima Chitkara | 19/07/2018

KRX will launch punitive action for breach of short selling norms by Goldman Sachs and boost its monitoring of improper short selling.

Structural Regulation

HK Exchange Publishes Structured Products Listing Guide

By Manesh Samtani | 18/07/2018

Guide provides clearer framework and timelines to facilitate more efficient introduction of new structured products.

Market Abuse

MUFG Brokerage Unit Primary Dealer Status Suspended

By Manesh Samtani | 17/07/2018

Dealer found to be manipulating prices in JGB futures trading, resulting in one-month suspension of the firm’s primary dealer status for one month.

Trading & Investment

Thailand to Expand Collateral Allowed for Margin Trading

By Manesh Samtani | 16/07/2018

The SEC is consulting on allowing debt instruments, government securities, and mutual fund units as collateral for margin accounts at securities firms.

Structural Regulation

ISDA Consults on Fallback Benchmarks for Discontinued IBORs

By Garima Chitkara | 16/07/2018

ISDA proposes adjustment options that will be applicable to fallback rates in the event a derivative references an IBOR that has been permanently discontinued; FSB cautions on the use of overnight RFR to replace term IBORs.

Trading & Investment

China Blocks Southbound Access to Dual-Class Stocks

By Manesh Samtani | 16/07/2018

Shanghai and Shenzhen bourses release joint statement barring domestic investors from trading in foreign companies, stapled securities and stocks with weighted voting rights structures listed in Hong Kong.