Latest market news

• Euroclear confirms Algomi investment

  

  Euroclear confirmed on Wednesday that it had taken a stake in Algomi, the fixed income technology provider, following earlier press reports in GlobalCapital and Financial News.

  • 05:30 PM

• RepoClear raises margin on Italian govvies following BTP volatility

  

  LCH RepoClear has raised its margin on several Italian government debt securities, but the market reaction has so far been muted, according to analysts.

  • 03:00 PM

• DTCC prepares for Brexit with new Dublin office

  

  Post-trade infrastructure company the Depository Trust and Clearing Corporation (DTCC) on Wednesday announced that it would open a new office in Dublin in an effort to sidestep uncertainties stemming from Brexit.

  • 11:30 AM

• HKEX, Mainland bourses agree terms on WVR Stock Connect inclusion

  

  The Hong Kong Stock Exchange and China’s two largest bourses have reached a consensus on when dual-class share companies can be included on the Stock Connect, following a surprise decision by the latter to exclude weighted voting rights (WVR) shares from the southbound channel of the cross-border trading system.

  • 07:30 AM

• ARRC calls for clarity on legacy Ibor contracts, as first Sofr swaps executed

  

  The Alternative Reference Rates Committee, a US body committed to transitioning markets away from interbank offered rates, this week published a letter it had sent to financial regulators and supervisors, asking for clarity on how derivatives contracts referencing the benchmarks would be impacted by amendments crafted to deal with their discontinuation.

  • 17 Jul 2018

• SFC bars former StanChart exec for IPO offence

  

  Hong Kong’s Securities and Futures Commission has sanctioned a former Standard Chartered executive in Hong Kong for IPO-related offences.

  • 17 Jul 2018

• Xiaomi trades wildly after Stock Connect curbs

  

  Xiaomi Corp fell as much as 10% after a surprise move to bar Mainland investors from buying shares through the Stock Connect, before quickly recovering.

  • 16 Jul 2018

• The week in renminbi: Xiaomi shut out of Stock Connect, internationalisation project returns to 2015 peak, UK adds more RMB to deposit pool

  

  Mainland stock exchanges bar Xiaomi from southbound investment, indices show RMB internationalisation regaining lost ground, the UK’s stockpile of renminbi deposits grows again.

  • 16 Jul 2018

• Codes of conduct: breathing life into dead words

  

  Are professional codes of conduct shining lodestars for how to behave in financial markets — or dusty screeds of boilerplate that no one can remember? That is what a group of enthusiasts are trying to discover, in the hope that such codes, if used in the best way, could genuinely improve behaviour.

  • 15 Jul 2018

• China people & markets round-up: Apple launches onshore green fund, Citi builds China desk in India, tariffs weigh on HK-mainland banking demand

  

  Apple sets up a fund to invest in clean energy suppliers in China, Citi eyes Chinese investment in India with new team, and Citic International sees waning appetite from onshore corporations and individuals for cross-border solutions because of the US-China trade war.

  • 13 Jul 2018

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