Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of July 2024 of $40.5 trillion (tn)[1]. Average daily volume (ADV) for the month was $1.82tn, an increase of 43.5 percent (%) year-over-year (YoY). In July 2024, Tradeweb records included: Share of fully electronic U.S. high yield TRACE ADV in global repurchase agreements   July 2024 Highlights RATES    U.S. government bond ADV was up 47.4% YoY to $206.1 billion (bn). European government bond ADV was up 16.5% YoY to $42.9bn. U.S. government bond volumes were supported by growth across all client sectors. Increased adoption across a range of protocols and favorable market conditions contributed to the increase in volume. The addition of r8fin continues to contribute positively to wholesale volumes. Strong double-digit YoY growth in European government bonds and UK Gilts was supported by sustained volatility on the back of key political elections in Europe and the UK earlier in July, as well as a continued active primary market during the first half of the month. Mortgage ADV was up 17.6% YoY to $196.8bn. Record July To-Be-Announced (TBA) activity was driven by robust roll trading activity and significant participation from fast-money accounts. Specified pool trading volumes were up YoY. Swaps/swaptions ≥ 1-year ADV was up 38.9% YoY to $351.5bn and total rates derivatives ADV was up 85.7% YoY to $671.4bn. Strong volume in swaps/swaptions ≥ 1-year was driven by ongoing institutional client activity, strong tailwinds from global political uncertainties and a 23% YoY increase in compression activity, which carries a lower fee per million. Central banks continued to contribute to increased volatility due to active discussions on rate movements. Clients continued to utilize the request-for-market (RFM) protocol for risk transfers especially in inflation swaps and non-G3 currencies. Emerging markets swap growth remained strong. July compression activity was lower than 2Q24.   CREDIT    Fully electronic U.S. credit ADV was up 38.3% YoY to $6.7bn and European credit ADV was up 10.5% YoY to $2.1bn. U.S. credit volumes were driven by increased client adoption, most notably in request-for-quote (RFQ), portfolio trading and Tradeweb AllTrade®. Tradeweb captured 17.8% and a record 9.1% of fully electronic U.S high grade and U.S. high yield TRACE, respectively, as measured by Tradeweb. European credit volumes continued to be led by strong client adoption of portfolio trading as well as increased client adoption of Tradeweb AllTrade®, Automated Intelligent Execution (AiEX) and our unique dealer selection tool (SNAP IOI). Municipal bonds ADV was up 21.6% YoY to $363 million (mm). Volume growth outpaced the broader market, which was up approximately 11% YoY[2], as Tradeweb institutional and retail volumes surpassed 20% YoY growth amidst robust issuance. Credit derivatives ADV was up 44.0% YoY to $10.8bn.  Increased hedge fund and systematic account activity, along with heightened credit volatility, led to increased swap execution facility (SEF) and multilateral trading facility (MTF) credit default swaps activity.   EQUITIES    U.S. ETF ADV was down 1.7% YoY to $8.0bn and European ETF ADV was up 9.3% YoY to $2.3bn. ETF market volumes continued to be muted as market volatility remained low. On Tradeweb, U.S. ETF institutional volumes were strong, while wholesale volumes were lower YoY. European ETF volumes increased as clients continued to embrace our automated rules-based trading protocol.   MONEY MARKETS    Repo ADV was up 25.3% YoY to $621.8bn. Increased client activity on Tradeweb’s electronic repo trading platform drove record global repo activity. The combination of quantitative tightening, increased collateral supply, and current rates market activity shifted more assets from the Federal Reserve’s reverse repo facility to money markets. Retail money markets activity was strong as markets priced in less aggressive Fed rate cuts.   Please refer to the report posted to https://www.tradeweb.com/newsroom/monthly-activity-reports/ for complete information and data related to our historical monthly, quarterly and yearly ADV and total trading volume across asset classes.

Intercontinental Exchange , Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that Two Harbors Investment Corp.(NYSE:TWO) (“Two Harbors”), an MSR + Agency RMBS real estate investment trust, has selected the Encompass ® digital mortgage platform to support their new direct-to-consumer recapture originations channel. Part of ICE’s end-to-end digital housing finance ecosystem, Encompass is the mortgage industry’s leading digital platform for lenders to originate, service, sell and purchase loans faster – all from a single system of record. Since acquiring RoundPoint Mortgage Servicing LLC (“RoundPoint”) in 2023, Two Harbors has become the eighth largest servicer of conventional loans in the country. The decision to expand into mortgage loan originations is key to their strategy of retaining servicing customers when interest rates drop and borrowers begin to refinance their loans. After a thorough search, Two Harbors identified Encompass as their platform partner in their effort to build out a direct-to-consumer channel to streamline origination workflows and provide an exceptional borrower experience. “The built-in configurability and smooth implementation process with ICE meant that we were able to begin offering loans to our customers at RoundPoint within several months of our decision to go with Encompass,” said Bill Greenberg, Two Harbors’ President and CEO. “We’re planning to continue to take advantage of the additional capabilities and greater efficiencies within the integrated ICE technology ecosystem. When we consider the scope of what we can achieve together, the possibilities are exciting and will be beneficial to our customers.” Encompass is key to the ICE end-to-end mortgage technology ecosystem, which is digitizing the entire real estate and housing finance lifecycle to create a better experience for lenders, homeowners, and investors. ICE is committed to investing in new innovations that help companies drive operational efficiencies across their entire business with visibility and control. “We’re proud that Two Harbors chose the Encompass digital lending platform as they strategically expand their mortgage offerings.” said Tim Bowler, President of ICE Mortgage Technology. “ICE’s technology will help them better meet the needs of borrowers in this continuously evolving market. Two Harbors has been able to quickly deliver for their customers – a testament to our ongoing commitment to innovation that both helps mortgage companies operate more efficiently and delivers a better experience to the American homeowner.”

Temenos today announced that Boubyan Bank, the second largest Islamic bank in Kuwait, has selected Temenos to modernize its core banking systems. The bank is migrating to Temenos’ core banking platform for Retail, Corporate Banking and Wealth Management to enhance business agility and operational efficiency. Boubyan chose Temenos to access the latest banking capabilities with rich Islamic banking functionality on an open, cloud-native, API-first architecture. This will enable Boubyan to accelerate the introduction of new products and deliver a personalized banking experience to customers. In addition, the Temenos platform is scalable to support Boubyan’s growing customer base and future growth. Modernizing its core banking platform with Temenos will further support Boubyan and its vision to become one of the top Islamic banks in the world offering innovative digital products and services to customers. Temenos’ agile product building capabilities will help Boubyan to get to market with new products faster, to capitalize on new market opportunities, and to respond to evolving market conditions. Boubyan is one of the major financial institutions in the Gulf Cooperation Council (GCC), and the third largest bank in the Kuwaiti market in terms of financing portfolio and total assets.  It also has an international presence through its U.K. subsidiary, the Bank of London and the Middle East, “BLME”, and its Sharia-compliant digital bank “Nomo”. Boubyan benefits as well from its relationship with National Bank of Kuwait, the major shareholder, which is ranked among the largest 300 banks worldwide. Mr. Adel Abdul Wahab Al-Majed, Vice-Chairman & Group Chief Executive Officer, Boubyan Bank, commented: “We chose to partner with Temenos because it is the trusted banking platform for banks globally with the most advanced technology and rich Islamic banking functionality. Temenos gives us access to a wide range of banking services, digital capabilities, and innovative products to continue to enhance the experience, foster trust, and build long-lasting relationships with our customers.” William Moroney, Chief Revenue Officer, Temenos, said: “Temenos is proud to be selected as the technology partner for Boubyan Bank. As one of the largest Islamic banks in Kuwait and with a growing international footprint, Boubyan is a key signing for Temenos. Our collaboration with Boubyan shows we have a compelling Islamic banking solution tailored for the needs of Kuwaiti banks and opens new opportunities for Temenos in this market.” Temenos Islamic Banking enables banks to remain fully compliant with Shari’ah requirements across products, processes, and accounting entries and was recently ranked the #1 best-selling Islamic Banking solution in the IBS Intelligence Sales League Table 2024.  

Trading – Cash Markets (including equities, interest rate and ETP trades) In July 2024, the average daily number of trades was up 18% on the pcp. The average daily value traded on-market of $5.025 billion was flat on the pcp.  Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.7% in July, compared to 0.6% in the pcp.  Future volatility (as measured by the S&P/ASX 200 VIX) in July was an average of 11.8, flat on pcp.   Click here for full details.

Wei (Walker) Zhong and Lei (Regina) Ding have been banned from being a director, promoter or manager of an entity, as defined in the Financial Markets Conduct 2013 (FMC Act), for nine years, the High Court has ruled. Mr Zhong was the Executive Chairman and CEO of Oceania Natural Limited; Ms Ding was a senior manager and marketing director of Oceania Natural Limited. The pair were found to have breached the market manipulation and disclosure provisions under the FMC Act in April 2023. They received the highest penalties imposed to date for breaching the market manipulation provisions. Mr Zhong received a penalty of $1.3m and Ms Ding was ordered to pay $760,000. The Financial Markets Authority – Te Mana Tātai Hokohoko – sought banning orders for both Mr Zhong and Ms Ding and costs as part of the proceeding. Justice Robinson awarded the FMA costs of approximately $468,000. FMA Head of Enforcement, Margot Gatland, welcomed the decision. She said: “Banning orders are designed to protect the public from harm and hold egregious conduct, as was displayed in this case, to account. Senior managers of listed companies have a responsibility to act with integrity and trust, Mr Zhong and Ms Ding’s conduct fell well short of what was expected of them. As Justice Robinson stated, Mr Zhong and Ms Ding’s misconduct was flagrant and dishonest, and they showed a complete lack of remorse and contrition.” Download the ruling against Oceania Natural Related View the history of the Oceania Natural case

Click here to download Shenzhen Stock Exchange's market bulletin, issue 23.

Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported July monthly trading volume statistics across its global business lines. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain July trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines. Average Daily Trading Volume (ADV) by Month Year-To-Date Jul 2024 Jul 2023 % Chg Jun 2024 %   Chg Jul 2024 Jul 2023 %   Chg Multiply-listed options (contracts, k) 11,145 11,037 1.0 % 11,002 1.3 % 10,642 10,869 -2.1 % Index options (contracts, k) 4,140 3,444 20.2 % 3,913 5.8 % 4,065 3,612 12.5 % Futures (contracts, k) 267 212 26.1 % 235 13.7 % 242 214 12.8 % U.S. Equities - On-Exchange (matched shares, mn) 1,280 1,360 -5.9 % 1,293 -1.0 % 1,404 1,424 -1.4 % U.S. Equities - Off-Exchange (matched shares, mn)1 76 74 3.5 % 73 4.0 % 78 83 -5.6 % Canadian Equities (matched shares, k) 122,608 119,105 2.9 % 154,818 -20.8 % 144,633 135,007 7.1 % European Equities (€, mn) 9,229 8,258 11.8 % 9,678 -4.6 % 9,665 10,024 -3.6 % Cboe Clear Europe Cleared Trades2 (k) 105,831 83,548 26.7 % 95,010 11.4 % 699,176 718,486 -2.7 % Cboe Clear Europe Net Settlements2 (k) 1,022 798 28.2 % 875 16.9 % 6,311 5,861 7.7 % Australian Equities (AUD, mn) 771 623 23.7 % 792 -2.6 % 764 705 8.5 % Japanese Equities (JPY, bn) 323 79 306.9 % 296 9.2 % 317 169 87.3 % Global FX ($, mn) 45,586 44,948 1.4 % 48,651 -6.3 % 46,340 43,896 5.6 % 1 U.S. Equities – Off-Exchange ATS Block metrics restated to incorporate a tier of sell-side activity from July 2023 and forward, previously excluded from reporting. 2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date. As of April 2023, data has been restated to reflect both On-Book and Off-Book cleared trades.

The Federal Reserve Board on Monday issued final joint guidance to help certain large banks further develop their resolution plans. The final guidance is largely similar to the proposed guidance from August 2023 and incorporates changes in response to comments received. The Board developed the guidance jointly with the Federal Deposit Insurance Corporation, and it is now final following both agencies' approval. These resolution plans, also known as living wills, describe a bank's strategy for orderly resolution under bankruptcy in the event of material financial distress or failure. The guidance generally applies to domestic and foreign banks with more than $250 billion in total assets but that are not the largest and most complex banks, for which guidance is already in place. The guidance addresses the specific characteristics of, and risks posed by, this group of banks. The guidance is organized around key areas of potential vulnerability, such as capital, liquidity, and operational capabilities that could be needed in resolution. Distinct from the guidance to the largest and most complex banks, this guidance provides agency expectations for both single point of entry and multiple point of entry resolution strategies, which are different strategies banks have adopted for their rapid and orderly resolution. It also recognizes that the preferred resolution outcome for foreign banks is often a successful home country-led resolution and guides foreign banks on how to address the global resolution plan in their U.S. plan. The agencies also announced that they are extending the resolution plan submission deadline for the banks to which the guidance applies. Banks will be required to submit their resolution plans by October 1, 2025, instead of March 31, 2025. The purpose of the extension is to provide reasonable time for banks to consider the final guidance as they develop their plan submissions. Board Memo (PDF) Federal Register notice: Guidance for Resolution Plan Submissions of Domestic Triennial Full Filers (PDF) Federal Register notice: Guidance for Resolution Plan Submissions of Foreign Triennial Full Filers (PDF) Statement by Governor Michelle W. Bowman

ICE Bonds, part of Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, and MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of leading electronic trading platforms for fixed-income securities, today announced plans to connect their respective liquidity networks to bring greater efficiency and access to deeper liquidity in fixed income markets to the institutional and wealth management spaces. With this announcement, ICE Bonds and MarketAxess plan to establish unique connectivity to their respective protocols and liquidity pools. This will enable ICE Bonds’ automated trading system (ATS), ICE TMC, and MarketAxess’ Open Trading network to communicate with each other, expanding the depth and reach for their respective global user bases. "This collaboration connects two mature liquidity networks in fixed income markets to offer new trading and risk management solutions for clients," said Pete Borstelmann, President of ICE Bonds. "By combining our complementary strengths, we aim to offer users expanded opportunities to access liquidity in corporate and municipal bonds, enhancing market efficiency and benefiting participants across both platforms." By leveraging ICE Bonds’ established retail brokerage and wealth management presence alongside MarketAxess’ leadership in institutional trading, the interaction between liquidity pools aims to enhance price transparency, best execution, and overall market liquidity for all participants. "We look forward to delivering enhanced value and innovation to our clients through this collaboration," said Rich Schiffman, Global Head of Trading Solutions at MarketAxess. "Our joint efforts are focused on providing access to deeper liquidity across municipal and corporate bonds and diversifying trading options for participants in our marketplace.”

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for July 2024 on its Investor Relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Post-trade adjustments that do not affect the contractual terms of a trade are to be performed by the Exchange Member via an Exchange approved electronic interface, the Member Firm Portal (MFP). Please refer to MIAX Sapphire Options RC 2024-14 for further information. For questions regarding the MFP, please contact Trading Operations at TradingOperations@miaxglobal.com or call (609) 897-7302. Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.

Price protection prevents an order from being executed beyond the price designated in the order’s price protection instructions. Market participants may designate price protection instructions on an order-by-order basis within a minimum and maximum number of MPVs, from 0-20, away from the NBBO at the time of receipt, or the SBBO if the ABBO is crossing the SBBO, or the Opening Price for New Opening Orders. If an order does not contain price protection instructions, the Exchange will assign a default price protection instruction of five (5) MPVs. Please refer to MIAX Sapphire Options RC 2024-15 for further information. For information on the MIAX Sapphire Options price protections, please contact Trading Operations at TradingOperations@miaxglobal.com or call (609) 897-7302. Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.

Should a Member fail to designate a value for any of the MIAX Sapphire Order Monitor protections, the default value listed below will be applied: Order Size Protection: 10,000 contracts Open Order Protection: 30,000 orders Open Contract Protection: 1,000,000 contracts   The Exchange has established a default threshold setting of $.10 for Market Orders to sell. Please refer to MIAX Sapphire Options RC 2024-16 for further information. For questions or to establish a pre-set threshold setting value, contact Trading Operations at TradingOperations@miaxglobal.com or calling (609) 897-7302. Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.

The MIAX Sapphire Options system will maintain an MM Counting Program that will count the number of contracts executed by a Market Maker from an MM ARM Eligible Order (“MM ARM Contracts”) within a specified time-period that has been established by the Market Maker or as a default setting. The MM Specified Time Period cannot exceed 15 seconds whether established by the Market Maker or as a default setting. The Market Maker may also establish for each MM Option Class an MM Allowable Engagement Percentage. The Exchange will establish a default MM Specified Time Period and a default Allowable Engagement Percentage on behalf of a Market Maker that has not established an MM Specified Time Period or an MM Allowable Engagement Percentage. The default Market Maker Specified Time Period will be one (1) second and the default Allowable Engagement Percentage will be 105%. Please refer to MIAX Sapphire Options RC 2024-17 for further information. To reset single or aggregate class protections or for questions regarding risk protection features contact Trading Operations Help Desk at TradingOperations@MIAXOptions.com or (609) 897-7302. Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.

Release Dates  Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve generally conducts the survey quarterly, timing it so that results are available for the January/February, April/May, August, and October/November meetings of the Federal Open Market Committee. The Federal Reserve occasionally conducts one or two additional surveys during the year. Questions cover changes in the standards and terms of the banks' lending and the state of business and household demand for loans. The survey often includes questions on one or two other topics of current interest. 2024 July* April January 2023 October July April January 2022 October July April January 2021 October July April January 2020 October September July April January 2019 October July April January 2018 October July April January 2017 October July April January 2016 October July April January 2015 October July April January 2014 October July April January 2013 October July April January 2012 October July April January 2011 October July April January 2010 October July April January 2009 October July April January 2008 October July April January 2007 October July April January 2006 October July April January 2005 October July April January 2004 October July April January 2003 October August April January 2002 October August April January 2001 October August May March January 2000 November August May January   1999 November August May January   1998 November September August May January 1997 November August May January *Current Release

The Exchange's markets are closed today, August 5, 2024.

On Monday, online services at brokerages Charles Schwab and Fidelity Investments experienced significant outages as many investors sought to offload risky assets amid fears of a potential U.S. recession. Users reported difficulties logging into their accounts, a problem that the trading apps confirmed without further details.  On the Charles Schwab site, a warning notice said, "Due to a technical issue, some clients may have difficulty logging in to Schwab platforms and may have difficulty reaching us by phone. Please accept our apologies as our teams work to resolve the issue as quickly as possible." Wall Street's main indexes plummeted, driven by weak economic data, disappointing second-quarter earnings from major technology firms, and rising geopolitical tensions, which reignited recession concerns and dampened hopes for a soft landing. Earlier today, Robinhood Markets, a popular platform among retail investors, stated it had resumed overnight trading after a temporary pause.

CME Group, the world's leading derivatives marketplace, today announced that its Live Cattle options reached all-time record open interest of 410,120 contracts on August 1, 2024, surpassing the previous record of 399,626 on July 31, 2014. "With demand high and supply at lows not seen for more than 60 years, market participants are turning to CME Group Live Cattle options to effectively hedge their price risk," said  John Ricci, Managing Director and Global Head of Agriculture, CME Group. "Open interest in these products reached the highest level in a decade this week, demonstrating how options serve as an important tool to help producers, processors and institutions to navigate market uncertainty." CME Group continues to offer the industry the widest range of benchmark cattle products available. Live Cattle options volume has grown 61% year to date. CME Group Live Cattle futures are listed by and subject to the rules of CME. For more information, please visit here.

Hakluyt, the global strategic advisory firm for businesses and investors, is delighted to announce that Thomas Ellis has been elected the firm's new managing partner. Currently based in London, Tom joined Hakluyt eight years ago, and has served as the company's chief operating officer for the past two years. He previously led Hakluyt's client-facing business in the Europe, Middle East and Africa (EMEA) region, and before that ran the firm's office in Tokyo. Prior to Hakluyt, he worked at Lloyds Banking Group, including as director of business banking, and as a civil servant in the UK Cabinet Office. Lord Paul Deighton, Hakluyt's chairman, said: "Tom has been elected managing partner with strong support from across the Hakluyt partnership – so he has a clear mandate for his vision for the firm and plans for the future. I, along with the rest of the board, congratulate him and look forward to giving him our full support as Hakluyt enters its 30th year and continues to go from strength to strength. "I should also like to record my thanks to Holly Morrow for doing an excellent job as acting managing partner since the departure last month of our previous managing partner, Varun Chandra, for a role in the UK government." Tom added: "I am honoured to have been elected by my peers to lead Hakluyt as its new managing partner. After eight brilliant years with the firm, it is a privilege to have this opportunity to build on the excellent work of my predecessors and colleagues, and lead us into our next chapter. "As the operating environment for business leaders around the world becomes ever more complex, demand for Hakluyt's advice and expertise continues to grow in all regions. It is my overriding goal to ensure that we continue to be as well placed as possible to help our clients succeed."

The Stock Exchange of Thailand (SET) has entered into a Memorandum of Understanding (MOU) with Export-Import Bank of Thailand (EXIM Thailand) to enhance the ecosystem for sustainable finance. This collaboration, under the ESG Data Linkage and Exchange Project, aims to leverage sustainability performance data of listed companies via the ESG Data Platform. In addition, the partnership will support the SET Carbon system for EXIM Thailand's clients to achieve sustainability goals, aligning with SET’s commitment to driving all sectors towards sustainable growth. SET and EXIM Thailand will jointly develop environmental, social, and governance (ESG)-linked financing in the third quarter of 2024, with the lending service scheduled to commence in 2025. SET President Pakorn Peetathawatchai said that SET has recognized the growing demand for ESG data among investors and financial institutions to develop ESG-related financial and investment products for sustainable development. SET has accelerated the development of ESG data technologies and platforms to meet the demand. Currently, SET has a broad range of ESG data management systems, including the SET ESG Data Platform, which has been operational since 2023 and has compiled ESG data of over 700 listed companies. The upcoming SET Carbon system, slated for 2025, will enable listed companies and their supply chain partners to efficiently calculate and report greenhouse gas emissions. Furthermore, SET unwaveringly fosters collaborations with both domestic and international entities to ensure continuous data exchange and utilization, particularly in using ESG data for fundraising and investment purposes. The collaboration with EXIM Thailand is expected to increase opportunities for the business sector in accessing funding and financial tools, marking a significant step in developing a sustainable financial ecosystem in Thailand. EXIM Thailand President Rak Vorrakitpokatorn emphasized the banking sector's crucial role in driving balanced growth across economic, social, and environmental dimensions as well as tackling today’s environmental challenges. Development banks worldwide are pivotal in providing financing that supports businesses in adapting and thriving, representing up to one-third of global Climate Finance. Positioned as Thailand’s Green Development Bank, EXIM Thailand has continuously developed Greenovation to support environmentally friendly projects and businesses. This partnership with SET represents a collaborative integration between public and private sectors, utilizing an internationally standardized database to propel the Thai financial sector towards sustainability. It also encourages businesses to become more aware of ESG. ESG data from SET will enhance the efficiency of EXIM Thailand's operations while promoting business access to various financial products and benefits, including participation in the Green Export Supply Chain. This will facilitate efficient and effective greenhouse gas management and reporting, compliance with international environmental standards, achievement of sustainable development goals, and drive Thailand towards carbon neutrality and net-zero greenhouse gas emissions. This partnership will facilitate data connectivity and exchange, increase operational flexibility, and create opportunities for businesses seeking investment to support sustainability goals. SET and EXIM Thailand will co-develop financial products, services, and benefits for stakeholders, while expanding the sustainability ecosystem to help Thai businesses achieve their sustainability and business objectives, particularly in climate change strategies. For more information, contact SET's Sustainability Service Development Department at +66(0) 2009 9894 or +66(0) 2009 9887, or EXIM Thailand's Product Development Department at +66(0) 2169 9999.