HKEX In 2020: Year In Review Date
17/12/2020
Hong Kong Exchanges and Clearing Limited (HKEX) has had a very busy year, reporting record nine-month results and trading volumes to September 2020, whilst continuing to innovate and strengthen the competitiveness of its markets with the launch of new products and initiatives. This, despite the turbulent geopolitical and economic backdrop, and the challenges brought about by the Covid-19 pandemic. Throughout, HKEX has demonstrated its resiliency and adaptability, reinforcing its role at the heart of Asian financial markets.
HKEX has delivered on all three pillars of its current strategic plan;
China Anchored, Globally Connected and
Technology Empowered. During the year, a host of new enhancements to both Stock and Bond Connect has added to the attractiveness of these landmark mutual market access programmes with the Mainland Chinese market, while new market microstructure improvements have added to the competitiveness a
Flow Traders NV: REPURCHASE OF SHARES
REPURCHASE OF SHARES
Amsterdam, the Netherlands - Flow Traders N.V. ( Flow Traders ) (Euronext: FLOW) has repurchased 90,000 of its own shares in the period from 10 December 2020 up to and including 16 December 2020 at an average price of €25.80.
As announced on 11 November 2020, these repurchases are being made in order to satisfy the requirements of various employee incentive plans. The consideration of this purchase was €2.3 million.
The total number of shares purchased under this programme to date is 455,710 shares at an average price of €26.39 for a total consideration of €12.0 million.
1,686,879 shares were held in treasury as at 16 December 2020.
Phone: +31 20 7996799
About Flow Traders
Flow Traders is a leading global financial technology-enabled liquidity provider in financial products, historically specialized in Exchange Traded Products (ETPs), now expanding into other asset classes. Flow Traders ensures the provision of liquidity to support the uninterrupted functioning of financial markets. This allows investors to continue to buy or sell ETPs or other financial instruments under all market circumstances. We continuously grow our organization, ensuring that our trading desks in Europe, the Americas and Asia can provide liquidity across all major exchanges, globally, 24 hours a day. Founded in 2004, we continue to cultivate the entrepreneurial, innovative and team-oriented culture that has been with us since the beginning.
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Rainmaker Information
The $44 billion Listed Investment Companies (LICs) sector is now dwarfed by other comparative segments: Exchange Traded Products (ETPs), Managed Accounts and mFunds.
As recently as 2015, LICs had almost 50% more funds under management (FUM) than ETPs and nearly triple that of managed accounts, according to findings from Rainmaker Information’s latest Wholesale Advantage Report.
In the five years to 30 June 2020, LICs grew 12% p.a. In comparison, ETPs grew 51% p.a., mFunds grew 71% p.a. and managed accounts had the largest growth being 87% p.a.
LICs, unlike ETPs and mFunds, are structured as a company, not a trust. They are also a closed investment, so the pool of capital held in an LIC is capped.