Deutsche Boerse AG (DB1): Eurex plans new clearing model where a buy-side institution becomes the principal to trade with the clearing house, rather than a clearing firm. The plan is driven by rules increasing capital costs for buy-side firms. Reported FOW.
The China Financial Future Exchange will launch the 10-year bond future on Friday. A five-year contract was launched in September 2013, Bloomberg reported.
The Intercontinental Exchange Benchmark Administration (ICE IBA): London Bullion Market Association gold price will be set with the involvement of six participants, where the current members will be included. Published by Reuters.
Shanghai International Energy Exchange will open its crude future contract as China seek to bolster its influence in determining prices, according to Bloomberg.
Hong Kong Securities & Futures Commission hinted it might not oppose allowing different classes of shareholdings in listed companies, as long as investors rights are protected and it doesn’t hurt the city’s competitiveness, according to the Wall Street Journal. The move came after losing BABA IPO to NYSE.
GFI voluntarily delisted its common stock from the New York Stock Exchange. 56% of GFI was acquired by BGC Partners. The common stock may, however, be quoted in one or more OTC markets, but there can be no assurance that trading in the common stock will continue OTC or otherwise.
The Federation of European Securities and Exchanges appointed Rainer Riess as Director General
BoNY Mellon will pay $714m to settle substantially all of the FX-related actions currently pending against the company.
Aequitas NEO Exchange announced its designated market making firms, including among others Barclays, BBS Securities, BMO, National Bank Financial; RBC, TD Securities and WD Latimer.
Clearstream will open three new offshore Renminbi Cash Correspondent Bank (CCB) accounts with Chinese banks based in Frankfurt, Luxembourg and Singapore to provide investors in Asia and Europe with more options in managing their offshore RMB liquidity.