International investors receive new instructions for the Hong Kong Exchange

Exchange Shorts

EMIR: starting today, both counterparties on a derivative trade need to report the value of the transaction and the collateral.

NZX reported 1H14 net profit of NZ$ 7m, up from NZ$6.4 million in 1H13. Revenues increased to NZ$31.2 million from NZ$30.3 million a year ago.

BVMF3 member XP Investimentos agreed to buy Clear Corretora in July in the seventh merger between stock brokers so far this year.

Hong Kong Exchange CEO Charles Li Xiaojia said that under the Shanghai-Hong Kong Stock Connect link, international investors are required to instruct their custodian to transfer shares to their selling broker before 7:30am on the trading day. Investors must ensure they have stocks before selling.

Chicago Mercentile Exchange reached an open interest record across asset classes standing at 103.4 million open positions as of August 7, 2014. August ADV to date is 14 million, up 33% y/y.

TMX CEO Tom Kloet is likely to remain at helm until at least October.

DB1 and PSE agreed to establish a market data cooperation, including licensing of current market data offerings, increasing distribution channels for real-time data, and new product design and innovation.

DB1: Clearstream’s securities held under custody in international business up 7% to EUR 6.5t in July. Securities under custody in German central securities depository up 5% to EUR 5.7 tn.

SEBI will allow stock brokers to go in for a simple one-time process of registration for operating in any stock exchange or clearing corporation. Brokers do not need to obtain multiple certificates from SEBI for operating in the different segments of equity, equity derivatives, currency derivative and debt.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com. 

Equity Research Desk (www.erdesk.com) provides fundamental analysis of global capital markets related entities to support the investment process of buy-side analysts at hedge funds and traditional money managers. The company focuses its coverage on securities exchanges, discount brokers, trading platforms, asset managers, financial-related technology companies and intellectual property assets in the US, Europe, Asia, and Latin America.

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