Latest Market Intelligence on Global Capital Market Infrastructures

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our March newsletter. This newsletter provides access to the top stories we reported on as part of our on-going surveillance of local capital markets worldwide. We currently track over 100 securities markets, 140 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 88 markets worldwide, assessing the post trade risk exposures faced by international investors.

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Further to our previous market newsflash, the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) have disclosed the list of securities eligible for the initial stage of the margin trading and securities lending pilot programme...

Russia - NCC as CCP for MICEX Stock Market - Update

Further to our previous newsflash, effective 15 February 2010, the Moscow Interbank Currency Exchange (MICEX) has introduced the new modes of trading in the stock market, where MICEX acts as the central counterparty (CCP)...

South Africa - Money Market Dematerialisation Process - Update

In an update to our previous newsflash, the Money Market Advisory Committee has officially advised that the Money Market Settlement System (MMSS) will be considered live for all Category Types...

Spain - Spanish Clearing, Settlement and Registry System Reform

The CNMV has issued a Clearing, Settlement and Registry System Reform, further to the CNMV and Bank of Spain jointly published 2007 report regarding Settlement systems and Registration in Europe...

United Arab Emirates - NASDAQ Dubai Becomes Subsidiary of DFM - Update

In an update to our previous newsflash, NASDAQ Dubai announced some technical and settlement changes to facilitate the consolidation of NASDAQ Dubai and Dubai Financial Market (DFM). The changes are limited...

Total Number of Thomas Murray Flashes Issued: Feb 2010

Depository/CSD Risk Flashes 54 (838 year on year)
Capital Market Infrastructure Risk Flashes 55 (914 year on year)

Worth Knowing

Depository Risk Flashes

Luxemburg - Clearstream To Launch Luxembourg CSD

Mexico - Indeval to Introduce Partial Settlements for Equity Trades - Update

Poland - TARGET2-Securities Project - Update

Thailand - TSD to Transfer CCP Function to Thailand Clearing House

Uganda - Implementation of the Securities Central Depository System - Update

Capital Market Infrastructure Risk Rating Flashes

Australia - ASIC to Perform Supervision of Trading on Licensed Markets - Update

Greece - Increased Lending Margin Requirements

Malaysia - Consultation Paper on eDividend

Switzerland, UK - SIX x-clear and LCH.Clearnet Interoperability

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