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Datuk Oh Chong Peng has been appointed as the Chairman of Labuan Financial Services Authority (Labuan FSA) effective from 16 October 2018 until 15 February 2020.
Datuk Oh has wide experience in financial and other business sectors. He is currently the Non-Executive Director of British American Tobacco (Malaysia) Berhad, Malayan Flour Mills Berhad, Dialog Group Berhad, Kumpulan Europlus Berhad, PUC Berhad and a trustee of UTAR Education Foundation.
Datuk Oh was Chairman of the Alliance Financial Group until his retirement from the Board in 2017. He was also a partner of Coopers & Lybrand Malaysia and government-appointed member of
Broadridge Financial Solutions has launched a new solution aimed at addressing key industry, business and operational challenges with global asset servicing.
Designed and developed with a global tier-one bank and now cloud and SaaS-enabled and selected by leading global banks, the full end-to-end solution streamlines corporate actions, dividend and coupon processing across multiple asset classes, business lines and regions by automating the full asset servicing lifecycle, bringing scale, speed, accuracy and efficiency to firms globally.
Inefficient processes in asset servicing currently present significant challenges, specifically an increase in operational risk and a reduced ability to control costs. The Broadridge
SIX – which owns and operates the Swiss stock exchange – has entered into a strategic partnership with Israel’s Cortica and Hong Kong’s Duotem Capital to develop AI-based services for the securities industry. Initial work will focus on the post-trade industry.
In an MOU signed on October 18, 2018 SIX entered into a strategic partnership with Cortica and Duotem Capital to deliver Artificial Intelligence-based services covering collateral and cash optimisation for the post-trade industry.
Tel Aviv and New York based Cortica develops next generation artificial intelligence technology that learns on its own in real-time, interacts with the real world
The Depository Trust & Clearing Corporation (DTCC) has released its latest Data Services product, DTCC Equity Kinetics, providing institutional investors with a comprehensive depth of market view of activity across all US equity trading venues.
DTCC says the data is ideal for quantitative market participants seeking insights to enhance their understanding of the US equities markets.
DTCC Equity Kinetics facilitates analysis of US equity market activity by providing a daily feed of trade data based on activity cleared through DTCC’s National Securities Clearing Corporation (NSCC) subsidiary. This data includes aggregated trade volumes for the market, the 10 most-active brokers
FlexTrade Systems has integrated ipushpull (iPP), a real-time interoperability platform, with its FlexNOW execution management system to provide users with access to iPP’s live data sharing and workflow automation between desktop applications, messaging platforms, in-house systems and cloud services.
“We chose ipushpull because they are the leader in automatically connecting grids of data across any connected application in the cloud,” says Rhyd Lewis, FlexNOW product manager. “Integrating iPP with FlexNOW benefits our clients since they can easily access their trade data via other third-party applications.”
OpenFin, ChartIQ, databases and many others, which provides secure and compliant messaging directly into
A cross-jurisdictional team of lawyers from Carey Olsen have contributed to Global Legal Insight’s first edition of Blockchain & Cryptocurrency Regulation.
The publication has brought together legal experts from across the globe to analyse the state of play in the blockchain, cryptocurrency and electronic token space, specifically in relation to government attitudes and definitions, cryptocurrency and sales regulation, money transmission laws and anti-money laundering requirements, promotion and testing, ownership and licensing requirements, taxation and border restrictions.
In total, there are more than 30 country chapters as well as other general overviews looking at specific case studies and other topics
Quantile Technologies (Quantile), a provider of multilateral compression and optimisation services for Financial Markets, has successfully completed its initial NDF Margin Optimisation cycles with CME Group.
CME Group’s latest cycle generated over USD1.2 billion in NDF clearing across multiple currency pairs from banks including Citi and Standard Chartered.
Quantile’s margin optimisation service enables dealers to benefit from the different product offerings and netting sets available at the leading global clearinghouses. Adding CME Group to Quantile’s optimisation run significantly reduces clients’ margin obligations, utilising multiple Central Counterparties (CCPs).
“By adding CME Group to our optimisation service we are able
The SS&C GlobeOp Forward Redemption Indicator for October 2018 measured 2.66, down from 3.35 per cent in September.
“SS&C GlobeOp’s Forward Redemption Indicator for October 2018 was 2.66 per cent, a small improvement from the 2.69 per cent reported a year ago, and well below the long-term historical average for the calendar month of October,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The favourable trend we’ve observed in redemptions has continued through recent months’ market volatility. Investors clearly believe hedge fund managers are well-positioned to earn attractive returns in this environment.”
The SS&C GlobeOp Forward Redemption Indicator represents
London Stock Exchange Group (LSEG) is in the process of acquiring further shares in LCH Group Holdings Limited (LCH), which will increase its majority ownership of this strategic business.
LSEG has entered into agreements with certain minority shareholders of LCH to acquire up to a further 15.1 per cent of LCH’s share capital which is expected to take its majority ownership to over 80 per cent, subject to the pre-emption process contained within LCH’s Articles of Association (the “Acquisitions”). The total cash consideration payable by LSEG will be up to a maximum of EUR438 million (GBP384 million).
The Acquisitions
A New York federal court has ordered New York trading firm Gelfman Blueprint and its Chief Executive Officer Nicholas Gelfman to pay over USD2.5 million in civil monetary penalties and restitution in what is the first anti-fraud enforcement action involving bitcoin filed by the Commodity Futures Trading Commission (CFTC).
James McDonald (pictured), the CFTC’s Director of Enforcement, says: “This case marks yet another victory for the Commission in the virtual currency enforcement arena. As this string of cases shows, the CFTC is determined to identify bad actors in these virtual currency markets and hold them accountable. I’m grateful to the
