BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS EKSONS CORPORATION BERHAD

4 August 2023. KUALA LUMPUR, Malaysia.

The limited review must be performed by the company’s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended (FPE) 30 September 2023.

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded Eksons Corporation Berhad (EKSONS) for breach of paragraph 9.35A(1)(a) of the Main Market Listing Requirements (Main LR) for failing to ensure that the company’s fourth quarterly report for the financial year ended (FYE) 31 March 2022 (QR March 2022) announced on 30 May 2022 took into account the adjustments stated in the company’s announcement dated 29 July 2022 (Adjustments).

EKSONS was also required to carry out a limited review of the company’s quarterly report submissions. The limited review must be performed by the company’s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended (FPE) 30 September 2023. In addition, EKSONS must review and assess the adequacy and effectiveness of its financial reporting.

While Bursa Malaysia Securities had not found any of EKSONS’ directors to have caused or permitted the breach by the company, Bursa Malaysia Securities wishes to highlight and remind that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR. The Board of Directors of EKSONS at the material time of the announcement of the QR March 2022 was as follows:-

(a) Tan Sri Datuk Amar (Dr) Haji Abdul Aziz bin Dato Haji Hussain

(b) Tay Hua Sin

(c) Dato’ Philip Chan Hon Keong

(d) Nik A. Majid bin Mohd. Kamil

(e) Hew Mei Ying

The finding of breach and imposition of the above penalty on EKSONS was made pursuant to paragraph 16.19(1) of the Main LR upon completion of due process after taking into consideration all facts and circumstances of the matter including the materiality of the breach and impact of the breach to EKSONS and its shareholders/investors and the fact that EKSONS had previously committed a similar breach in respect of the company’s announcement of its fourth quarterly report for the FPE 31 December 2014 which was subsequently amended on 28 May 2015.

Bursa Malaysia Securities views the breach seriously as the requirement for listed companies to submit financial statements that are factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed decisions are fundamental obligations of listed companies and of paramount importance in ensuring an orderly and fair market for the securities traded on Bursa Malaysia Securities and necessary to aid informed investment decisions.

BACKGROUND

EKSONS had reported an unaudited loss attributable to owners of the company of RM10,206,000 in the QR March 2022 announced on 30 May 2022. However, EKSONS had subsequently reported an audited loss attributable to owners of the company of RM15,448,000 in the audited financial statements for the FYE 31 March 2022 (AFS 2022) announced on 29 July 2022 which represented a difference of RM5,242,000 between the QR March 2022 and AFS 2022.

The deviation was mainly due to the following –

• the QR March 2022 omitted an additional investment sum made in securities amounting to RM10.7 million, which was not accounted for as an unrealised loss in investment arising from an accounting error by the company; and

• the reduction in impairment for the inventories held by the company by RM7.1 million from the RM9.5 million provided in the QR March 2022, based on the valuation performed by a professional valuer subsequent to the issuance of the QR March 2022.

- End -

About Bursa Malaysia

Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.

For media enquiries, please connect with the Group Strategic Communications team:

Ashraff Taharem

DID: +603 2034 7348 +6019 269 0049

E-mail: ashrafft@bursamalaysia.com

Lailatul Fitriyah

DID: +603 2034 7280 +6011 2324 0230

E-mail: lailatulfitriyah@bursamalaysia.com

CME Group to Launch Ether/Bitcoin Ratio Futures on July 31

June 29, 2023. CHICAGO, US.

The new contract will follow the same listing cycle as CME Group Bitcoin futures and Ether futures contracts.

CME Group, the world's leading derivatives marketplace, today announced plans to launch Ether/Bitcoin Ratio futures on July 31, pending regulatory review.

"Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities," said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. "With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an efficient, cost-effective manner."

The Ether/Bitcoin Ratio futures will be cash-settled to the value of CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price. The new contract will follow the same listing cycle as CME Group Bitcoin futures and Ether futures contracts.

"The launch of CME Group Ether/Bitcoin Ratio futures further expands the marketplace for institutions and sophisticated investors who want digital asset exposure in a regulated environment," said Jason Urban, Global Head of Trading at Galaxy. "We're excited to support this product, which will appeal to investors looking to take advantage of changes between the two biggest digital assets by market capitalization. We commend CME Group's ongoing commitment to developing innovative offerings essential to building an enduring ecosystem for this asset class."

"The launch of Ether/Bitcoin Ratio futures completes the currency triangle allowing market makers such as XBTO the ability to arbitrage synthetically, for the first time, all three futures legs: the BTC/USD and ETH/USD dollar legs, and the ETH/BTC cross," said Paul Eisma, Head of Options Trading at XBTO. "CME Group's innovative, regulated product will help increase volumes, reduce spreads, and give institutional crypto market participants a vehicle to express relative value between BTC and ETH."

"This new ETH/BTC cross-cryptocurrency contract from CME Group should allow investors more flexibility when hedging positions in non-dollar offshore markets," said Brooks Dudley of Marex Capital Markets, Inc. "This marks another important advancement for CFTC-regulated cryptocurrency derivatives."

For more information on cryptocurrency options, please visit: www.cmegroup.com/ebr

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

CME-G

SOURCE CME Group

CONTACT US

+1 312 930 3434 Corporate.Communications@cmegroup.com

Source Link: https://www.cmegroup.com/media-room/press-releases/2023/6/29/cme_group_to_launchetherbitcoinratiofuturesonjuly31.html

BYMA Agreement with NYSE

Argentine Stock Exchange - BYMA will deliver New York Stock Exchange (NYSE) data in real time through upgraded proprietary platform: BYMADATA.

April 01, 2020. BUENO ARIES, Argentina.

BYMA –Bolsas y Mercados Argentinos has entered into an agreement with the New York Stock Exchange (NYSE), the largest equities exchange in the world, to deliver NYSE data via the NYSE Best Quotes and Trades data feed (NYSE BQT). NYSE BQT provides a unified view of quotes and trades from each of the NYSE markets (NYSE, NYSE American, NYSE Arca, NYSE National and NYSE Chicago). This unprecedented step in the region enables the Argentine Stock Exchange to start delivering NYSE data and market information in real time. Investors will have real-time international data feeds covering asset classes such as equities, ETFs and ADRs traded on the NYSE markets, as well as domestic market data feeds.

This information will be included in the new version of the proprietary platform BYMADATA, launching in the beginning of April. Its purpose is to serve fast-growing information needs while protecting data quality. This new development will gradually add more content and features, such as main commodities data, mutual fund analytic tools, a more sophisticated technical analysis tool and a new link to Excel in real time, among others.

Ernesto Allaria, BYMA Chairman, said: “We are really proud to take this big step forward by executing this Agreement with one of the main market players in the world. This new business relationship contributes to domestic market growth and lets us enable enhanced information for investors´ strategic decision-making processes. This upgrade turns BYMADATA into one of the best products in the market in cost/quality terms.”

“We are excited to work with BYMA to bring real-time U.S. equities data to Argentina, equipping investors with a comprehensive view of the market in one feed. We look forward to supporting BYMA as they grow the BYMADATA platform,” said Cameron McDonald, Head of NYSE Proprietary Data.

Source Link: https://www.byma.com.ar/en/news/byma-agreement-with-nyses-bqt/