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Tradeweb Markets, a global marketplace for electronic fixed income, derivatives and ETF trading, has reported that Chinese onshore bond trading activity surpassed CNY697 billion (USD107 billion) since the launch of Bond Connect on 3 July 2017.
More than 6,200 fully electronic CNY cash bond transactions have been executed on Tradeweb, the first trading link to Bond Connect, an initiative aimed at driving the electronification and internationalisation of the Chinese bond market.
The addition of Chinese debt instruments in global fixed income indices is expected to create even greater demand for efficient, electronic trading in these markets, when global investors’
Kleros, a new decentralised dispute resolution ‘layer’ for virtually any transaction, has partnered with Market Protocol, a company building an open source foundation for decentralised derivatives Markets, an industry worth over USD500 trillion.
Together, the two companies will provide a completely decentralised trading and dispute resolution technology platform for secure and trustless transactions.
“The decentralised nature of Market Protocol is another great application for our trustless arbitration services,” says Federico Ast (pictured), CEO of Kleros. “As in other critical use cases such as e-commerce and payments, this is another step for our protocol to build the dispute resolution infrastructure
ICO Watchdog has partnered with trade.io, with ICO Watchdog’s DOG token set to be airdropped to holders of trade.io’s Trade Token, ahead of DOG’s official listing on the trade.io exchange.
In addition, trade.io will provide expedited reviews of ICOs that have been verified by ICO Watchdog’s TokenGrade auditing service.
trade.io is based on blockchain technology, and its forthcoming exchange will let investors trade cryptocurrencies alongside forex, commodities and precious metals. By implementing ICO Watchdog’s rigorous auditing standards and implementing the DOG token, trade.io adds additional security measures to protect against ICO fraudsters.
“Blockchain technologies provide a number of
Societe Generale Securities Services (SGSS) in the UK has launched a Fixed Income offering – an extension of a new asset class for existing client Liquidnet, which marks a successful migration for the Global Broker Dealer Services (GBDS) franchise.
Through this Fixed Income mandate, SGSS will expand its existing equities clearing and settlement agent service.
The offering was developed as part of SGSS’s ongoing work with Accenture Post-Trade Processing (APTP), a strategic collaboration between Accenture and Broadridge Financial Solutions to provide post-trade processing and technology services.
An SGSS client since 2016, Liquidnet is the global institutional trading network
Kaizen Reporting has appointed David Nowell, the former head of regulatory compliance at London Stock Exchange’s UnaVista, as its Senior Regulatory Reporting Specialist.
Nowell has a wealth of regulatory extensive experience including over ten years at the Financial Services Authority (FSA).
At UnaVista, Nowell was responsible for ensuring continued compliance with EMIR and MiFID reporting requirements as well as liaison with various regulatory authorities.
Dario Crispini, CEO of Kaizen, says: “I’m delighted for David to be joining the team to further enhance the service we provide to our client base of tier 1 and 2 banks, fund managers and
The new EEX Exchange Council has discussed how to combine the increasing need for long-term hedging of power prices (PPAs) with already existing standard EEX products.
The concept of PPAs has become a key mechanism used by renewable energy developers to secure financing for building new assets. In many cases PPAs are now required to be in place prior to banks providing financing for new ventures such as a new wind park or solar farm. The tenor of a PPA must usually also match the repayment term of the loan.
In order to mitigate counterparty risk and secure long-term
Singapore Exchange (SGX) has welcomed Hong Kong-based Blackwell Global Futures Limited to its derivatives market.
Michael Syn, Head of Derivatives, SGX, says: “We are delighted to welcome Blackwell Global Futures to our growing community of members, and look forward to supporting them as we continue to grow the liquidity and global network within our derivatives market.”
Michael Chai, Chairman of the Blackwell Global Group, says: “We are very honoured to be formally admitted as a Derivatives Trading Member of SGX. This is a significant development in our ongoing commitment to offer our clients trading products and services of esteemed
After a performance dip in May, June has been a positive month for CTAs, according to June 2018 performance data for Societe Generale’s SG CTA indices.
The SG CTA Index gained 0.55 per cent. Trend followers performed even better and led performance: the Trend Index was up 1.06 per cent with 7 out of the 10 constituent strategies posting positive results. Short Term Strategies had a mixed month, however, ending down -0.42 per cent with 7 out of 10 constituent strategies in negative territory.
The Trend Indicator was up 6.12 per cent in June, with gains from a number
Recent research from TeleWare reveals that just 60 per cent of employees in financial services firms have suitable processes and technology in place to capture, record and consequently retrieve real-time business communications. This means 40 per cent of firms are risking non-compliance with Article 16 of MiFID II.
Firms that don’t comply with MiFID II risk fines of up to EUR5 million, or 10 per cent of their annual turnover.
Compliance can often be seen as a necessary evil by firms, requiring investment and changes to processes. However, the same research also reveals there are huge benefits available to firms from
New legislation designed to strengthen Jersey’s capabilities to fight financial crime was introduced last week.
The amendments to the Proceeds of Crime (Jersey) Law, approved by Jersey’s government on 26 June, are designed to ensure Jersey complies with the recommendations highlighted in the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and Financing of Terrorism (MONEYVAL) report, published in 2016.
Overall, the two amendments are focused on strengthening Jersey’s ability to secure higher volumes of prosecutions and confiscations in cases of financial crime. Specifically, they widen the definition of ‘criminal property’ and change the
