News & Views
News & Views
CHICAGO, January 20, 2015 – CME Group, the world’s leading and most diverse derivatives marketplace, today published a white paper detailing the company’s position on a variety of issues facing central counterparty clearing houses (CCPs) in today’s financial markets, particularly the question of how much “skin in the game” clearing houses should contribute to a market’s financial safeguards.
The paper, “Clearing – Balancing CCP and Member Contributions with Exposures,” is available online at http://www.cmegroup.com/skininthegame
Singapore Exchange (SGX) and the REIT Association of Singapore (REITAS) have launched an initiative to educate the public on REITs and stapled trusts.
Delivered through SGX Academy and REITAS, this initiative comprises roadshows and monthly workshops. Participants will meet REITs managers to learn about the various types of REITs, how they are structured and managed, with a focus on generating steady income and long-term capital growth for unit holders. This will be complemented by the launch of online education materials by June 2015. Around 20,000 investors are expected to benefit from this initiative.
Dubai Financial Market announced that shares of two newly listed public joint stock companies, AMANAT and DUBAI PARKS, will be added to its general index (DFMGI) and to sector indices as of Monday January 19th 2015. The number of companies listed in the index increased to 34 companies.
Shares of AMANAT have been added to the DFM General Index and Services sub-index. The outstanding shares for the company is 2.5 billion shares, while the percentage of free float shares as per the index rules is 75%, and number of shares embedded in the index sample is 1.875 billion shares.
Shares of DUBAI PARKS have been added to DFM General Index and Consumer Staples & Discretionary sub-index. The outstanding shares for the company is 6.322 billion shares, while the percentage of free float shares as per index rules is 50%, and number of shares embedded in the index sample is 3.161 billion shares.
The Egyptian Exchange commenced its first ETF trading on Wednesday, January 14, 2015. The newly traded ETF tracks the main index, EGX 30 index, where its certificates are allowed to be traded as other securities, through brokerage firms.
The ETF nominal value on the first day of trading was LE 10 per certificate and it complied with all the applied trading mechanisms and rules except the trading suspension mechanism.
Dr. Mohammed Omran, EGX chairman stated that the commencement of trading on the first ETF in the Egyptian market is a new development and represents an increase in the market depth through providing new financial instrument other than stocks, bonds and mutual funds. He also stressed that this tool was an urgent demand by local and foreign investors and is expected to attract new investors as it represents a good hedging tool for all dealers that enables the investors to diversify the risks by investing in a basket of 30 stocks at once and at a lower trading cost.
SIX Swiss Exchange is to launch an electronic platform for trading corporate bonds in the first half of 2015. This platform will allow SIX Swiss Exchange to provide market participants with a more efficient trading of larger blocks also in less liquid issues. The new platform's innovative trading model was developed in close cooperation with current sell-side market participants.
In January 2005, the Korea Exchange, Inc. (KRX) was launched as Korea's single integrated exchange under the Korea Stock & Futures Exchange Act.
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