HONG KONG: SFC Releases Consultation on Conduct Requirements for Book Building and Placing Activities

On 29th October 2021, the Securities and Futures Commission (SFC) released consultation conclusions on conduct requirements for capital market transactions in Hong Kong which clarify the roles of intermediaries and set out the standards expected of them in book building, pricing, allocation and placing activities. The SFC’s proposals received broad support The amendments to the Code…

UNITED STATES: Cboe Options Exchange to List Three Long-Dated SPX Options Expirations

On 27th October 2021, Cboe Global Markets, Inc (Cboe: CBOE) announced it plans to list additional LEAPS (Long-Term Equity Anticipation Securities) options on the S&P 500 Index (SPX) that offer expiration dates in December 2024, December 2025 and December 2026, respectively, on Cboe Option Exchange, beginning November 1st, 2021. LEAPS options aim to provide market participants…

GERMANY: Deutsche Börse Announces First Access to Indian Government Bonds

On 28th October 2021, Deutsche Börse AG (DBAG) announced that the Reserve Bank of India (RBI) in consultation with the Indian government, has introduced a new investment option for foreign investors in certain government bonds, the so-called Fully Accessible Routes (FAR). The FAR programme provides foreign investors with easier access to the domestic government bond market.…

TURKEY: Borsa Istanbul Announces Launch of USD/TRY Futures and Options Contracts

On 22nd October 2021, Borsa Istanbul announced that it has launched USD/TRY Futures and Options Contracts with physical delivery in the Derivatives Market (VIOP)  In addition to the existing cash-settled foreign exchange contracts, these contracts will be traded with physical delivery at the end of the maturity. They will provide companies, most specifically companies in the real…