The six sources, including money brokers, traders, and a
data vendor, said they had received notices that data feed will
resume on Friday.
The abrupt policy reversal came after interbank bond market
turnover dropped 9% on Wednesday following the ban, which made
transactions more difficult for traders used to using financial
platforms such as qeubee, Wind and Dealing Matrix.
However, the sources said that qeubee, the popular platform
owned by Ningbo Sumscope Information Technology Co, will
continue be barred from receiving data feeds from money-brokers.
Tullett Prebon SITICO (China) Ltd is the sole data supplier
to Sumscope, meaning the Chinese venture of Tullett Prebon will
continue to be subject to the data feed ban.
The regulator, the China Banking and Insurance Regulatory
Commission (CBIRC), did not immediately respond to a request for
an interview out of business hours.
(Reporting by Shanghai newsroom
Editing by Mark Potter and Angus MacSwan)
(Adds more details, background)
SHANGHAI, March 16 (Reuters) - Chinese regulators will
allow most money brokers to resume their data feed business from
Friday, six sources told Reuters, in a reversal of a ban
introduced two days ago that triggered a plunge in bond-trading
turnover.
Chinese money-brokers cut data supply to vendors that
provide real-time bond price quotes on Wednesday after being
told by regulators to suspend their feeds, sending participants
in China's $21 trillion bond market looking for workarounds, and
sending trading turnover plunging.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.