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Singapore Exchange

SGX enhances Default Management Rules

SGX is proposing to amend the SGX-DC Clearing Rules to:  introduce an auction protocol for liquidating a defaulted SGX-DC Clearing Member’s positions in exchange-traded derivatives contracts and over-the-counter commodities contracts (“ETD/OTCC Auction”), and a loss distribution mechanism to address losses arising from such an auction;  allow SGX-DC to …

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Singapore Exchange

SGX proposes clearing rules changes for tackling trading defaults

SINGAPORE’S bourse operator has proposed changes to clearing rules for both derivatives and securities, with a public feedback exercise launched on Thursday. The proposed amendments will enhance the default management capabilities of both clearing houses, said the Singapore Exchange (SGX). It expects to put the measures in place during Q4 2018, …

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Bitcoins

Bitcoin Price Could Hit $15,000 This Year: Fmr. Goldman Sachs Exec.

Christopher Matta, a former vice president of investment management division at Goldman Sachs, still maintains he would invest his mother’s money in bitcoin. A callout box on the TV screen noted Matta believes a return to $15,000 for bitcoin is attainable. Now the co-founder of Crescent Crypto Asset Management, told CNBC’s …

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Singapore Exchange

SGX heads for arbitration with NSE amid Nifty dispute

THE Singapore Exchange (SGX) will head for arbitration in India to thrash out its ongoing dispute with the National Stock Exchange of India (NSE), with NSE fighting to stop SGX from launching new derivatives products meant to address SGX’s impending loss of Nifty 50 futures contracts. On Tuesday, the Bombay …

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Hong Kong Exchange

Hong Kong exchange to announce new listing rules on Tuesday

Hong Kong Exchanges and Clearing Ltd (HKEX) will announce new listing rules for companies including those with dual-class shares on Tuesday, its chief executive said. The new listing rules will become effective from April 30, Charles Li told reporters. The new rules will pave the way for more stock market …

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Financial Markets
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