Stock exchange – Hot Blogger Calendar http://hotbloggercalendar.com/ Sun, 05 Dec 2021 09:06:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://hotbloggercalendar.com/wp-content/uploads/2021/11/icon-12.png Stock exchange – Hot Blogger Calendar http://hotbloggercalendar.com/ 32 32 Trinidad and Tobago Stock Exchange upgrades its trading platform https://hotbloggercalendar.com/trinidad-and-tobago-stock-exchange-upgrades-its-trading-platform/ Wed, 01 Dec 2021 09:14:03 +0000 https://hotbloggercalendar.com/trinidad-and-tobago-stock-exchange-upgrades-its-trading-platform/ Business Journalist Yesterday The Trinidad and Tobago Stock Exchange at Nicholas Tower, Port of Spain. File photo / Sureash Cholai – THE Trinidad and Tobago Stock Exchange Ltd (TTSE) announced an upgrade to its Avvento trading and monitoring platform for brokers. This is the first upgrade since the trading platform launched in early 2017, according […]]]>

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The Trinidad and Tobago Stock Exchange at Nicholas Tower, Port of Spain. File photo / Sureash Cholai –

THE Trinidad and Tobago Stock Exchange Ltd (TTSE) announced an upgrade to its Avvento trading and monitoring platform for brokers. This is the first upgrade since the trading platform launched in early 2017, according to a press release on Tuesday, and the latest of a number of planned improvements. to enrich the experience of brokers and investors. The upgrade will pave the way for TTSE to explore other possibilities, available within the platforms, which are in line with its goal of expanding the stock market through innovative technology and services. These include:

* Repos (repurchase agreements) – short-term borrowings for dealers in government securities that are sold to investors for a period not exceeding 24 hours.

* Digital asset trading – buying and selling tokenized assets.

* Derivatives – financial contracts whose value depends on underlying assets such as stocks, bonds, commodities and currencies

In the statement, the TTSE said that brokers are already enjoying significant benefits from the upgraded platform, including: improved appearance and usability, reduced bandwidth requirements, easy access to information from ‘a hub, further integration with its online trading platform and electronic statement systems. for shareholder balances and notices.

The advanced capabilities of the platform will allow clients to consider new investment options in the future and brokers to seamlessly access all of TTSE’s products and services. For more information, please contact ttse@stockex.co.tt


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Northern Trust and Carey Olsen support the launch of the Castelnau group on the London Stock Exchange https://hotbloggercalendar.com/northern-trust-and-carey-olsen-support-the-launch-of-the-castelnau-group-on-the-london-stock-exchange/ Tue, 23 Nov 2021 08:00:00 +0000 https://hotbloggercalendar.com/northern-trust-and-carey-olsen-support-the-launch-of-the-castelnau-group-on-the-london-stock-exchange/ Guernsey-listed LSE-listed investment firm focuses on investing in public and private companies GUERNESEY, November 23, 2021– (COMMERCIAL THREAD) – Northern Trust (Nasdaq: NTRS) and Carey Olsen supported Castelnau Group Limited during its initial public offering (IPO) on the London Stock Exchange (LSE). The investment company domiciled in Guernsey, managed by Phoenix asset management, recently launched […]]]>

Guernsey-listed LSE-listed investment firm focuses on investing in public and private companies

GUERNESEY, November 23, 2021– (COMMERCIAL THREAD) – Northern Trust (Nasdaq: NTRS) and Carey Olsen supported Castelnau Group Limited during its initial public offering (IPO) on the London Stock Exchange (LSE).

The investment company domiciled in Guernsey, managed by Phoenix asset management, recently launched on the LSE following a £ 178million (approx. US $ 245million) IPO. Castelnau is focused on investing in public and private companies with upfront investments, including companies providing digital analytics.

Northern Trust provides Castelnau Group Limited with a suite of asset management solutions, including fund administration, fund accounting, custody and custodian services. Carey Olsen’s team advising Phoenix Asset Management on all Guernsey legal and regulatory aspects of the IPO was led by partner Ben Morgan, with assistance from senior partner James Cooke and partner Kristina Mikhaylova.

Steve Tatters, COO, Phoenix Asset Management, said: “Northern Trust’s experience in supporting Guernsey-domiciled investment firms with LSE listings, combined with its range of asset management solutions, were among the reasons for this appointment. The Northern Trust team and our Guernsey law firm, Carey Olsen, have worked closely with us to support the successful IPO.

Dave Sauvarin, Director of Northern Trust Channel Islands, said: “Guernsey continues to demonstrate its appeal as a jurisdiction supporting LSE ratings with deep expertise in this area. Phoenix Asset Management’s decision to use Northern Trust in Guernsey as the hub for the LSE listing of Castelnau Group Limited is a testament to the depth of experience and reputation of the island. “

Ben Morgan, Partner, Carey Olsen, said: “We are delighted to have supported the Castelnau group in the context of its successful admission to the specialist funds segment of the LSE. Our involvement demonstrates both Carey Olsen’s extensive experience in capital markets and Guernsey’s continued attractiveness as a jurisdiction for listed vehicles. “

Northern Trust Global Fund Services business provides services such as fund administration, global custody, outsourcing of investment operations and capital market income enhancement solutions to global investment managers, supporting a range of strategies complex investments across all asset classes.

About Carey Olsen
Carey Olsen is a leading offshore law firm advising financial institutions, businesses and private clients on the laws of Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey from a network of nine international offices.

We provide legal services relating to all aspects of business and finance, trusts and private wealth, investment funds, insolvency, restructuring and dispute resolution.

Our clients include global and local financial institutions, investment funds, private equity firms, multinational corporations, public organizations, sovereign wealth funds, high net worth individuals, family offices, directors, trustees and private clients. We also work alongside all the major onshore law firms, accounting firms and insolvency practitioners.

We employ more than 500 people and our more than 60 partners lead a full complement of 260 lawyers.

For more information on Carey Olsen, visit www.careyolsen.com or by email at info@careyolsen.com

Carey Olsen is an exclusive member of World Services Group (WSG), a leading global legal network of leading independent firms working in over 150 jurisdictions.

About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset services, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2021, Northern Trust had assets under custody / administration of US $ 15.8 trillion and assets under management of US $ 1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, head office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA. Please read our global and regulatory information.

# # #

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211123005670/en/

Contacts

Europe, Middle East, Africa and Asia-Pacific:
Camille Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com

Marcel Klebba
+44 (0) 20 7982 1994
Marcel_Klebba@ntrs.com

United States and Canada:
John o’connell
+1 312 444 2388
John_O’Connell@ntrs.com

http://www.northerntrust.com



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Romanian state launches new bond issue on Bucharest Stock Exchange https://hotbloggercalendar.com/romanian-state-launches-new-bond-issue-on-bucharest-stock-exchange/ Mon, 22 Nov 2021 17:18:06 +0000 https://hotbloggercalendar.com/romanian-state-launches-new-bond-issue-on-bucharest-stock-exchange/ The Romanian Ministry of Finance launched on November 18 a new issue of government bonds on the Bucharest Stock Exchange (BVB) as part of the Fidelis program. The offer is valid until December 10. Investors can choose between three bonds, two of which are in local currency (RON) while the third is in euros. Local […]]]>

The Romanian Ministry of Finance launched on November 18 a new issue of government bonds on the Bucharest Stock Exchange (BVB) as part of the Fidelis program. The offer is valid until December 10.

Investors can choose between three bonds, two of which are in local currency (RON) while the third is in euros.

Local currency bonds have maturities of one and three years and offer an annual coupon of 4% (the one-year bond), respectively 4.6% (the three-year bond). The nominal value of the bonds is RON 100 and the minimum subscription is RON 5,000 (approximately EUR 1,000). By comparison, in September, the finance ministry paid 3.25% per annum for one-year bonds and 3.75% for three-year bonds.

Euro bonds have a five-year maturity and offer an annual interest of 1.8%, compared to 1.6% in September. The minimum subscription in this case is also 1000 EUR.

Although significantly higher than the previous similar issue in September, the annual interest rates offered by these new bonds are well below the most recent annual inflation rates announced for October – 7.9% in Romania and 4.1% in the eurozone, but is expected to ease next year.

The new edition of the Fidelis bond program is managed by BT Capital Partners as lead manager and BCR and BRD as intermediaries, but investors can participate through most local brokerage firms.

This is the sixth issue of Fidelis since July 2020. Through the first five offers, the Ministry of Finance has attracted nearly 8 billion RON (1.6 billion euros) from individual investors.

editor@romania-insider.com

(Photo source: BVB)


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Romanian state launches new bond issue on Bucharest Stock Exchange https://hotbloggercalendar.com/romanian-state-launches-new-bond-issue-on-bucharest-stock-exchange-2/ Mon, 22 Nov 2021 17:18:06 +0000 https://hotbloggercalendar.com/romanian-state-launches-new-bond-issue-on-bucharest-stock-exchange-2/ The Romanian Ministry of Finance launched on November 18 a new issue of government bonds on the Bucharest Stock Exchange (BVB) as part of the Fidelis program. The offer is valid until December 10. Investors can choose between three bonds, two of which are in local currency (RON) while the third is in euros. Local […]]]>

The Romanian Ministry of Finance launched on November 18 a new issue of government bonds on the Bucharest Stock Exchange (BVB) as part of the Fidelis program. The offer is valid until December 10.

Investors can choose between three bonds, two of which are in local currency (RON) while the third is in euros.

Local currency bonds have maturities of one and three years and offer an annual coupon of 4% (the one-year bond), respectively 4.6% (the three-year bond). The nominal value of the bonds is RON 100 and the minimum subscription is RON 5,000 (approximately EUR 1,000). By comparison, in September, the finance ministry paid 3.25% per annum for one-year bonds and 3.75% for three-year bonds.

Euro bonds have a five-year maturity and offer an annual interest of 1.8%, compared to 1.6% in September. The minimum subscription in this case is also 1000 EUR.

Although significantly higher than the previous similar issue in September, the annual interest rates offered by these new bonds are well below the most recent annual inflation rates announced for October – 7.9% in Romania and 4.1% in the eurozone, but is expected to ease next year.

The new edition of the Fidelis bond program is managed by BT Capital Partners as lead manager and BCR and BRD as intermediaries, but investors can participate through most local brokerage firms.

This is the sixth issue of Fidelis since July 2020. Through the first five offers, the Ministry of Finance has attracted nearly 8 billion RON (1.6 billion euros) from individual investors.

editor@romania-insider.com

(Photo source: BVB)


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Home BancShares completes its transfer of listing to the New York Stock Exchange https://hotbloggercalendar.com/home-bancshares-completes-its-transfer-of-listing-to-the-new-york-stock-exchange/ Mon, 22 Nov 2021 08:00:00 +0000 https://hotbloggercalendar.com/home-bancshares-completes-its-transfer-of-listing-to-the-new-york-stock-exchange/ NEW YORK, November 22, 2021– (COMMERCIAL THREAD) – The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, announced that Home BancShares Inc (NYSE: HOMB) has completed its listing transfer. and will begin trading today as a company listed on the NYSE. Home […]]]>

NEW YORK, November 22, 2021– (COMMERCIAL THREAD) – The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, announced that Home BancShares Inc (NYSE: HOMB) has completed its listing transfer. and will begin trading today as a company listed on the NYSE.

Home BancShares, Centennial Bank’s banking holding company that provides commercial and retail banking services, will now be able to take advantage of all the benefits of membership in the NYSE community.

These advantages include the Exchange’s single market model, which combines cutting-edge technology with accountability and human judgment. Membership also brings an unrivaled network of CEOs and CEOs, drawn from 2,400 of the world’s largest and most innovative companies, the unmatched brand visibility that comes from a stock exchange listing and services. core investor relations.

“Home BancShares is delighted to join the NYSE, the global leader in listings with many of the world’s most established companies, in order to continue to deliver long-term value to our clients and shareholders,” said John Allison, President and President of Home BancShares. CEO.

“We are delighted to welcome Home BancShares, one of the nation’s leading regional banks, to the NYSE community of icons and disruptors,” said John Tuttle, vice president and chief commercial officer of the NYSE group.

Almost 300 companies have transferred their listings to the NYSE since 2000, representing more than $ 1,000 billion in current market value.

About the NYSE group

NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), one of the world’s leading providers of data, technology and market infrastructure. The NYSE group’s stock exchanges – the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago, and NYSE National – trade more volume of U.S. stocks than any other exchange group. The NYSE is the world’s premier venue for raising capital. NYSE Arca Options and NYSE Amex Options are the major stock option exchanges. To find out more, visit nyse.com

About the intercontinental exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services in major asset classes that provide our clients with access to essential workflow tools that increase transparency and operational efficiency. We operate Exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our global fixed income data services and execution capabilities provide insights, analytics, and platforms that help our clients take advantage of opportunities and operate more efficiently. TO ICE Mortgage Technology, we’re transforming and digitizing the US residential mortgage process, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunities.

Trademarks of ICE and / or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE, and New York Stock Exchange. Information regarding trademarks and additional intellectual property rights of Intercontinental Exchange, Inc. and / or its affiliates can be found here. The key information documents for certain products covered by the EU Retail and Insurance Investment Products Regulation can be accessed on the website of the relevant exchange under the heading ‘Key Information Documents (KIDS ) ”.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risk and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see documents filed by the Securities and Exchange Commission (SEC) of ICE, including, but not limited to be limited to the risk factors in ICE’s annual report. Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the SEC on February 4, 2021.

ICE-CORP

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211122005352/en/

Contacts

NYSE media contact:
Kearney ferguson
Kearney.Ferguson@nyse.com
(212) 656-2412

Contact for ICE investors:
Mary caroline o’neal
marycaroline.oneal@ice.com
(770) 738-2151


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Ghana Stock Exchange celebrates 31st anniversary amid impressive run for 2021 https://hotbloggercalendar.com/ghana-stock-exchange-celebrates-31st-anniversary-amid-impressive-run-for-2021/ Thu, 18 Nov 2021 08:16:31 +0000 https://hotbloggercalendar.com/ghana-stock-exchange-celebrates-31st-anniversary-amid-impressive-run-for-2021/ The Ghana Stock Exchange (GSE) celebrated its 31st trading anniversary on the stock exchange floor by ringing the ceremonial bell with some dignitaries. The dignitaries included the Minister of Public Enterprises, Mr. Joseph Cudjoe, Capital Market Regulator, Reverend Daniel Ogbarmey Tetteh, Chairman of the GSE Board, Ms. Abena Osei-Poku and the CEOs of listed companies […]]]>

The Ghana Stock Exchange (GSE) celebrated its 31st trading anniversary on the stock exchange floor by ringing the ceremonial bell with some dignitaries.

The dignitaries included the Minister of Public Enterprises, Mr. Joseph Cudjoe, Capital Market Regulator, Reverend Daniel Ogbarmey Tetteh, Chairman of the GSE Board, Ms. Abena Osei-Poku and the CEOs of listed companies and their representatives, brokers approved, and market players.

The theme of the 31st anniversary celebration was: “The digitization of stock market operations, a catalyst for the development of capital markets”.

Public Enterprise Minister Cudjoe said: “The national digitization agenda is on track and no sector should be left behind in this digital age. He also advised organizations to list on the exchange to improve their corporate governance and access patient capital to grow their businesses.

For his part, the Managing Director of the Securities and Exchange Commission, Reverend Tetteh said: “The regulator will continue to provide an enabling environment to support the digitization of the capital market and will also develop the relevant rules to guide the introduction of new products such as green bonds, asset-backed securities and other products. ‘

Ghana Stock Exchange Managing Director Mr. Ekow Afedzie said: “The Exchange has had no disruption to operations during the onset of COVID-19 since it has operated electronically for the past ten (10 ) last years. “

He said GSE started its digitization journey as early as 2009, where its transactions were fully automated and brokers traded virtually without going to the trading floor.

This, Mr. Afedzie said, won the Most Innovative African Stock Exchange Award by African Investor (Ai) in 2010.

Mr. Afedzie said that GSE will continue to invest in technology in this digitization journey to help improve its operations and contribute to the development of the capital market as well as make a significant contribution to the economy of Ghana.

“As of November 12, 2021, the GSE composite index had returned to 53.02%, with a market capitalization of 65.24 billion GHS. The bond market had traded at 178.76 billion,” he said. declared.


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Paytm listings at a discount, share price drops 25% when it debuts https://hotbloggercalendar.com/paytm-listings-at-a-discount-share-price-drops-25-when-it-debuts/ Thu, 18 Nov 2021 05:58:24 +0000 https://hotbloggercalendar.com/paytm-listings-at-a-discount-share-price-drops-25-when-it-debuts/ Operator Paytm One97 Communications, backed by US investor SoftBank and Alibaba’s Ant Financial, was listed on Thursday with a 9% discount on its debut on Indian stock exchanges. The action opened at Rs 1,950 on the National Stock Exchange and the ESB listing price was Rs 1,955, against the issue price of Rs 2,150. As […]]]>

Operator Paytm One97 Communications, backed by US investor SoftBank and Alibaba’s Ant Financial, was listed on Thursday with a 9% discount on its debut on Indian stock exchanges.

The action opened at Rs 1,950 on the National Stock Exchange and the ESB listing price was Rs 1,955, against the issue price of Rs 2,150.

As of 11:00 am, the share price has fallen again by almost 25% and was trading at Rs 1,613.80 each on BSE.

The mega initial public offering (IPO) of Paytm, one of India’s leading digital payment platforms, has received a mixed reaction from investors who subscribed 1.89 times last week.

Retail investors offered shares at 1.66 times the reserved portion, but non-institutional investors had offered only 24% of the reserved portion.

Prior to listing, brokerage firm Macquarie Research issued an “underperformance” rating on One97 Communications, parent company of Paytm, saying its business model lacked focus and direction.

Paytm was India’s largest public issue, raising Rs 18,300 crore which included a new issue of Rs 8,300 crore and an offer to sell (OFS) of Rs 10,000 crore by several selling shareholders including founder Vijay Shekhar Sharma and the investors. Net proceeds from new issues will be used to strengthen the Paytm ecosystem and invest in new business initiatives, acquisitions and strategic partnerships.

In July, Noida-based One97 Communications sought approval from the securities regulator for its Rs 16,600 crore IPO, the size was subsequently increased to Rs 18,300 crore.

One97 Communications, the parent company of the fintech platform Paytm, received the green light for the IPO from the Securities and Exchange Board of India (Sebi) in October.

Led by Founder and Managing Director Vijay Shekhar Sharma, the 11-year-old Noida-based company has expanded beyond digital payments into new categories of lending, gaming, wealth management, financial services and commerce. digital.

For the year ended March 2021, Paytm’s consolidated revenue declined 11% to Rs 3,187 crore, but managed to cut losses by 42% to Rs 1,701 crore.


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Beginning of trading on the new Chinese stock exchange https://hotbloggercalendar.com/beginning-of-trading-on-the-new-chinese-stock-exchange/ Wed, 17 Nov 2021 18:44:43 +0000 https://hotbloggercalendar.com/beginning-of-trading-on-the-new-chinese-stock-exchange/ Trading on the Beijing Stock Exchange began on November 15, just two months after Chinese President Xi Jinping proposed the new exchange made up of innovation-driven small and medium-sized enterprises. The first day’s turnover was 9.57 billion yuan ($ 1.5 billion), which is equivalent to just 1% of the combined daily turnover of the country’s […]]]>

Trading on the Beijing Stock Exchange began on November 15, just two months after Chinese President Xi Jinping proposed the new exchange made up of innovation-driven small and medium-sized enterprises. The first day’s turnover was 9.57 billion yuan ($ 1.5 billion), which is equivalent to just 1% of the combined daily turnover of the country’s other two exchanges in Shanghai. and in Shenzhen.

The first batch of listings on the new stock exchange included 81 companies, ten of which were making their debuts after recently doing IPOs. The other 71 shares transferred from the “selected level” of China’s OTC National Equity Trading and Listing System (NEEQ), used to trade shares of small unlisted companies on the Shenzhen or Shanghai stock exchanges. One of the main reasons for launching the new exchange was to provide a venue with greater liquidity than NEEQ to trade these stocks.

Chris Liu, Invesco

According to Chris Liu, Senior Portfolio Manager, China A-Investments at Invesco, “Brokers will benefit the most from the initiative, as the establishment of the new exchange will increase NEEQ’s commercial liquidity and encourage more SMEs to be listed. on the new stock exchange, which is good for brokerage business and IPO business. “

The Beijing Stock Exchange’s focus on small businesses active in high-tech manufacturing and service industries will complement the Shanghai Nasdaq-style Star Market and the Shenzhen Stock Exchange ChiNext Start-Up Board .

According to Liu, the Beijing Stock Exchange targets small companies at an even earlier stage of development than those on the boards of STAR and CHINEXT. “The minimum required market capitalization is the lowest for the Beijing Stock Exchange among the three exchanges.” He added that “the overlap between the existing exchanges is small as these 3 exchanges focus on companies of different sizes and focusing on different areas of industrial value chains.”

The volume on the new exchange is expected to increase, although it will remain a negligible proportion of the total turnover of the country’s stock market. “We expect the initial trading on the Beijing Stock Exchange to have only a limited impact on A-share performance and liquidity,” China International Capital Corporation analyst Li Qiusuo wrote in a published memo. just before the launch of the stock exchange. Li expects the daily volume to increase up to three times, but even then it would be less than 3% of the total.

The launch of the new exchange is part of China’s plan to promote equity financing to reduce banks’ exposure to credit risk. Eight mutual funds targeting the stock market have completed their registration, according to the China Securities Regulatory Commission. Mutual funds are expected to provide more liquidity in the coming months.

Only qualified investors, numbering around four million in China, are allowed to trade on the new exchange. Among the minimum requirements, one must have at least 500,000 yuan of assets in stock accounts and two years of trading experience. Qualified Foreign Institutional Investors (QFII) and licensed foreign traders holding the Yuan offshore can also trade on the stock exchange.

The listing requirements for the new stock exchange are less stringent than those on the Shanghai and Shenzhen stock exchanges, with companies required to have a minimum market capitalization equivalent to around $ 31 million. No price change limit has been set for the first day, but now stocks will be allowed to go up or down up to 30% per day, against limits of 10% and 20% for various boards in Shanghai. and in Shenzhen.


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Ghana Stock Exchange celebrates 31st anniversary amid impressive run for 2021 https://hotbloggercalendar.com/ghana-stock-exchange-celebrates-31st-anniversary-amid-impressive-run-for-2021-2/ Wed, 17 Nov 2021 08:00:00 +0000 https://hotbloggercalendar.com/ghana-stock-exchange-celebrates-31st-anniversary-amid-impressive-run-for-2021-2/ The Ghana Stock Exchange (GSE) celebrated its 31st trading anniversary on the stock exchange floor by ringing the ceremonial bell with some dignitaries including the Minister of Public Enterprises, the Capital Market Regulator, the Chairman of the Board of GSE, managing directors of listed companies and their representatives, authorized brokers and market players. The theme […]]]>

The Ghana Stock Exchange (GSE) celebrated its 31st trading anniversary on the stock exchange floor by ringing the ceremonial bell with some dignitaries including the Minister of Public Enterprises, the Capital Market Regulator, the Chairman of the Board of GSE, managing directors of listed companies and their representatives, authorized brokers and market players.

The theme of the 31st anniversary celebration was “The digitization of stock market operations, a catalyst for the development of the capital market”. This theme was born from the current digital wave that is sweeping across all industries including stock market transactions. We cannot stress enough the acceleration and adoption of new digital tools by companies to develop their activities.

Public Enterprise Minister Joseph Cudjoe said: “The national digitization agenda is on track and no sector should be left behind in this digital age. He also advised organizations to register on the Exchange to improve their corporate governance and access patient capital to grow their businesses. ‘

In his remarks, the Managing Director of the Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh, said: “The regulator will continue to provide an enabling environment to support the digitization of the capital market and will also develop the relevant rules to guide the introduction of new products such as green bonds, asset-backed securities and other products. ‘

The Exchange began its journey of digitization in 2009, where its transactions were fully automated and brokers traded virtually without going to the trading room. This earned the Exchange the Most Innovative African Stock Exchange by African Investor (Ai) in 2010. The IPO of MTN’s initial public offering in 2018 where investors bought shares using mobile money has also contributed to the stock exchange being named as Africa’s most innovative stock exchange by the same body.

Before the automation of exchanges, the Exchange had set up an electronic clearing and settlement system leading to the creation of a central securities depository in collaboration with the Bank of Ghana.

Ghana Stock Exchange Managing Director Mr. Ekow Afedzie said: “The Exchange had no disruption to operations during the onset of COVID-19 since it was operating electronically for the past ten (10). last years.

He added that some licensed brokers and brokers in the Ghanaian fixed income market have already launched digital tools such as apps, web portals and USSD to enable their clients to buy and sell stocks and securities. electronic debt securities.

GSE will continue to invest in technology on this digitization journey to help improve its operations and contribute to the development of the capital market as well as make a significant contribution to the economy of Ghana.

As of November 12, 2021, the GSE Composite Index had returned 53.02% with a market capitalization of GHS 65.24 billion. The bond market had traded 178.76 billion, 65.39% more than last year of 108.41 billion traded last year. ‘


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FRA publishes 6 recommendations to revitalize the Egyptian stock market https://hotbloggercalendar.com/fra-publishes-6-recommendations-to-revitalize-the-egyptian-stock-market/ Wed, 17 Nov 2021 04:52:00 +0000 https://hotbloggercalendar.com/fra-publishes-6-recommendations-to-revitalize-the-egyptian-stock-market/ REUTERS-Traders work at the Egyptian stock exchange in Cairo CAIRO – November 17, 2021: The Financial Regulatory Authority (FRA) held a meeting to discuss ways to improve the business environment and control transactions on the Egyptian Stock Exchange. According to the meeting, FRA made six recommendations, including: 1- Recommend the submission to the Authority’s board […]]]>

REUTERS-Traders work at the Egyptian stock exchange in Cairo

CAIRO – November 17, 2021: The Financial Regulatory Authority (FRA) held a meeting to discuss ways to improve the business environment and control transactions on the Egyptian Stock Exchange.

According to the meeting, FRA made six recommendations, including:

1- Recommend the submission to the Authority’s board of directors to consider granting an additional period to implement the Authority’s decision concerning the margin purchase rules until the completion of the electronic systems, with the application of the new rules relating to the margin up to Misr for central clearing, The Custodian and Register (MCDR) completes the preparation of the automated systems.

The deadline has been set at six months maximum, subject to the brokerage firms complying with the rules for buying margin in force in accordance with the decisions which govern them, stressing that the new rules relating to margin will not result in any liquidation. positions at the start of the request.

2- Underlining the brokerage firms and depositaries of the need to study the solvency and the degree of risk of the securities subject to the purchase on margin and any guarantees and to follow the principles of risk management in order to reduce the degree of risk to customer and safety as well.

3- Study the proposal submitted by the Stock Exchange concerning the rules for buying on margin at the level of the brokerage firm and the values ​​of the guarantees provided by the securities.

4- The Authority will complete discussions with the Stock Exchange regarding price limits, in particular on stocks presenting high risks and unusual price fluctuations, and will examine the possibility of setting different price limits for them, and the measure in which they can be reduced on certain equities depending on the risk rate of price fluctuations and the percentage of margin purchases thereon.

5- The Egyptian Stock Exchange will study the adjustment of the closing price to be associated with a minimum execution value in addition to the time component.

6- Professional companies convene a meeting of brokerage firms and depositaries to activate the role of risk management when granting financing for the purchase of margin securities and activate the role of their internal control.

The FRA meeting was held this afternoon at the Authority’s headquarters in the Smart Village, chaired by Islam Azzam, vice-president of the Authority, and in the presence of the president and vice-president of the Bourse Egyptian, and of the two management of the members of the Misr clearing company with the members of the capital market advisory committee.

Mohamed Omran, Chairman of the Financial Regulatory Authority, participated in some of the aforementioned discussions to discuss the developments that the Egyptian Stock Exchange is going through.


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