Exchange shorts: HKEX, SGX, ICEX & more

January 16, 2018 10:11 AM

Tel Aviv Stock Exchange (TASE) CEO expects the exchange to go public on the Tel Aviv bourse in 2019; according to Reuters. TASE offered to buy out shares held by its members valuing the bourse at $150m. TASE also is talking with other stock exchange operators about a strategic partnership. TASE demutualized in Sep-2017.

Hong Kong Stock Exchange (HKEX) CEO, Charles Li Xiaojia, believes dual-listing will be eligible in Hong Kong by end of June; according to South China Morning Post.

Singapore Exchange (SGX) consults on Listing Rule amendments consequential to proposed revisions to the Code of Corporate Governance. The matters SGX is consulting on are in the consultation paper the Corporate Governance Council launched today after its review of the Code. Also, SGX is expanding its Daily Leverage Certificates (DLCs) with six new DLCs issued by Societe Generale offering seven times long or short exposure to the daily returns of the underlying indexes.

Moscow Exchange (MOEX) launched the MOEXREPO GCC indicator, which measures the value of secured money based on CCP-cleared repo transactions in general collateral certificates (GCC).

Indian Commodity Exchange (ICEX) adopted LSE’s MillenniumIT technology that transfers exchange generated data from the data centre (DC) to the disaster recovery (DR) resulting in zero data loss. Reported by Business Standard.

Bolsas y Mercados Argentinos SA (BYMA) launched term contracts in lots of one thousand shares and one thousand dollar bond nominals. Also, short selling and centralized securities lending are now available at the Argentine exchange. BYMA joined the Sustainable Stock Exchanges initiative.

SIX realigned towards infrastructure services for shareholders and the financial center in the areas of securities, payment services and financial information as core segments. All innovation activities of SIX will be consolidated in a new innovation unit and substantially more funding placed at its disposal. Thomas Zeeb was appointed Head Securities & Exchanges, Marco Menotti will be Head Payments, Robert Jeanbart, Head Financial Information. Marc Schluep, Head Cards, and Christoph Landis, Head IT. Additional Members of the Executive Board are Daniel Schmucki, CFO and Jochen Dürr, Chief Risk Officer (CRO) and Daniel Dahinden Head Innovation & Digital.

National Commodity & Derivatives Exchange (NCDEX) seeks Sebi’s permission to launch options trading in non-farm items nickel and aluminum; according to NDTV.

Bolsa de Valores de Panamá (BVP) will migrate to a new trading platform with provided by NASDAQ. BVP CEO Olga Cantillo said “replacing our existing trading software to Nasdaq’s technology is a key component in achieving our strategic goals, our continuing efforts of the regional integration of the exchanges and position our Exchange as the hub for capital markets in the region.”

Borsa Istanbul Review has been accepted to Emerging Sources Citation Index (ESCI).

Global Markets Exchange (GMEX) applied for permission to establish a commodity exchange to the Securities Board of Nepal (Sebon). Reported by The Kathmandu Post.

Indonesia Stock Exchange (IDX): a mezzanine floor at the Indonesian Stock Exchange building collapsed. More than 70 people had been injured, according to Reuters.

CSD Working Group on DLT and SWIFT have signed an MOU to jointly develop applications of blockchain technology in post-trade and securities processing, particularly in areas requiring multi-party contact, such as corporate actions. As part of the signed MOU, product requirements for an e-voting solution based on blockchain that includes common principles and message exchange standards (ISO 20022) have been defined. The CSD Working Group on DLT includes MOEX NSD JSE’s Strate, SIX, Nasdaq, Chile’s DCV, BYMA’s Caja de Valores, and UAE’s ADX.

Securities and Exchange Board of India (SEBI) may ask bourses to cut co-location charges, in a bid to ensure equitable access to algorithmic trading for all brokers. Reported by LiveMint.

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.