CME Group and JPX to launch Yen TOPIX futures trading

January 9, 2018 10:23 AM
Exchange Shorts
CME and Japanese Exchange Group (JPX) will launch Yen-denominated Tokyo Stock Price Index (TOPIX) futures contracts to begin trading on CME Globex on 5-Feb.
The Stock Exchange of Hong Kong (HKEX) CEO said that HKEX is considering rule changes to increase volumes such as rebates to market makers, simplified rules for collateral use, reducing stamp duty charges among others. Reported by Bloomberg.
HKEX: Jack Ma will consider listing Alibaba on HKEX, according to the South China Morning Post.
SGX getting ready to launch Indian single stock futures, according to Business Standard. SGX decision follows SEBI’s ban on participatory notes from investing in Indian single stock futures.
DB1 would consider launching bitcoin futures according to Business Insider.
BYMA: new rules on short selling may become effective within the next days or weeks, according to Bloomberg.
ICE and NDAQ called for a post-Brexit rethink on MiFID ll rules on futures exchanges, as it will cause a breach between Britain and continental Europe. Reported by The Financial Times.
SIX Swiss Exchange deployed its Frankfurt Access Point. Compared to a conventional connection, the new Access Point service enables participants to benefit from optimized costs, reduced complexity and better latency.
Shenzhen Stock Exchange (SZSE): CSRC granted permission for the first Belt and Road panda cooperate bonds.
Stock Exchange of Thailand (SET) appointed Rongrak Phanapavudhikul as Executive Vice President (EVP), Head of Legal Affairs Division.
Baku SE (BSE) and Belarusian Currency and SE signed an MoU to cooperate, the organizations will exchange experience in the development of listing, study the mutual legal framework for introducing new financial instruments in the markets, and support post-trade institutions for foreign investors to enter the capital markets. Reported by Trend.
Convergex CEO Philip Gough departs six months after the takeover by Cowen.
China: Investors are anticipating an ETF Connect program. Reported by CNBC.
Former Bank of England deputy governor Paul Ticker and UniCredit executive Jean-Pierre Mustier said central clearing is now the biggest systemic risk in finance.
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