IOB Newsletter - November 2015

 

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IOB Highlights of the month

  • Extension of IOB trading pricing promotion until 31 January 2016
  • Enhanced Mid Price Pegged Order functionality live on 2 Nov 2015
  • ARQA Technologies develops new trading interface for direct connection to Turquoise, the pan-European MTF majority owned by London Stock Exchange Group. Read more >

Equity Market

  • Average order book daily turnover on the IOB in September was $406m
  • The current International Order Book ("IOB") trading pricing promotion has been extended for a further three months until 31 January 2016. These tariff enhancements are designed to incentivise participants who operate liquidity provision models in the most liquid IOB securities FESE Table 1 tick size table. Click here for more details > 
  • A monthly Capacity fee was introduced, based on the registered and associated activity of a member firm's trading, Post Trade and Drop Copy connections to the Millenium Exchange. Click here for more details >
  • Millenium Exchange Release 8.7 went live on 2 November 2015, with enhanced Mid Price Pegged Order functionality. Read more>

China Focus

  • Bank of China Ltd London Branch became the first Chinese PPS (Protected Payments System) Bank of LCH. Clearnet.
  • Agricultural Bank of China (ABC) listed RMB and Dollar denominated Green Bonds with a total value of $1bn on London Stock Exchange. The listing is the first international Green Bond issue by a Chinese bank, as well as the first Green RMB bond for ABC and listed on London Stock Exchange.
  • China Construction Bank listed a 1 billion Yuan ($158.20 million) of offshore yuan bonds, the first ever to be issued by the headquarters of a Chinese bank rather than an overseas branch.
  • China Development Bank listed two bonds, the $1 billion 5-year notes and the €500 million 3-year notes.

Events

  • LSEG Drinks Reception in Moscow, 3 December: The event will be an opportunity to meet the teams from various LSEG Primary and Secondary Markets Teams as well as networking with other industry participants. Click here to register>