Abu Dhabi Securities Exchange implements blocks trading
On 3 March 2011, the Abu Dhabi Securities Exchange started the implementation of a new big blocks market that will take place simultaneously during the existing trading sessions. With this, ADX responds to investors’ needs and re-enforces its transparency rules and market depth.
Australian Securities Exchange launches investor relations initiative for ASX-listed companies
The Australian Securities Exchange, in cooperation with Boardroom Radio, is launching an investor relations initiative called Corporate Profile, an investor relations tool that allows listed companies to raise their profile and better inform the investment community about their operations. Under the initiative, CEOs or other senior executives of ASX-listed companies will work with BRR to record and distribute a video interview about their background and experience, and their company’s operations and growth plans. The video will be hosted on each company’s information page on ASX.com.au, the websites of BRR and its distribution partners, and each company’s own website for a maximum period of 12 months.
Hong Kong Exchanges start to extend trading hours
On 7 March 2011, Hong Kong Exchanges and Clearing implemented the first phase of the previously announced extension of the trading hours in its securities and derivatives markets. The trading sessions run from 9:30 to 12:00 and from 13:30 until 16:00.
Hong Kong Exchanges plan synthetic futures trading for stock options market
The Hong Kong Exchanges and Clearing plan to introduce a standard combination trading function in its stock options market on 9 May this year, pending regulatory approval, to allow investors to use synthetic futures strategies in the trading of five active stock option classes. A standard combination trading function has been operating smoothly in HKEx’s stock index futures and stock index options markets for several years. A synthetic futures strategy is a stock option combination which consists of two option legs. The buyer of synthetic futures buys a call option and sells a put option with the same underlying stock, strike price and expiry date, whereas the seller of synthetic futures sells a call option and buys a put option with the same features.
International Securities Exchange launches qualified contingent cross order type
On 28 February 2011, the International Securities Exchange introduced the Qualified Contingent Cross (QCC) order type bringing important crossing functionality for large institutional orders to an all-electronic environment. Using the QCC order type, ISE’s members can cross tied-to-stock options orders of 1,000 contracts or more on ISE’s market with a guaranteed execution as long as the order is priced at or better than the National Best Bid or Offer and does not trade in front of resting customer orders.
Johannesburg Stock Exchange decides to monitor listed companies financial results
The Johannesburg Stock Exchanges has recently decided to monitor proactively the financial statements of all listed companies, in a bid to pick up any non-compliance with globally recognized International Financial Reporting Standards (IFRS). This means that all company results could be proactively reviewed and possibly investigated at any time, at least once every five years, in addition to any other queries arising from public or other complaints. Previously reviews were conducted on the JSE’s own initiative or upon the JSE receiving a query or complaint.
NASDAQ OMX Nordic introduces order routing service for Nordic shares
NASDAQ OMX Nordic launched an order routing service for the most liquid Nordic listed shares. This new, cost-efficient order routing solution will help NASDAQ OMX Nordic members find the best price on NASDAQ OMX, or any of the main European trading venues, via one single gateway. The Nordic Order Routing service covers the most liquid CCP cleared Nordic shares and is connected to five European trading venues. In the event there are better prices on other trading venues the order is routed to the venue providing the most competitive price. The NASDAQ OMX Nordic order router utilizes low latency market data provided by Thomson Reuters Elektron to make accurate routing decisions.
NYSE Euronext plans to launch board education program
NYSE Euronext intends to launch a board education program designed to provide voluntary education for public and private company board members through its subsidiary Corporate Board Member. The NYSE Euronext board education program will be offered as a flexible, yet comprehensive alternative to continuing education. It will provide information in the form of critical updates through an open content platform that will engage leading advocates, experts and other organizations peer-based conferences, events, publications and online resources.
Singapore Exchange and NASDAQ OMX offer corporate solutions to Asian companies
Singapore Exchange in partnership with the NASDAQ OMX Group will be offering a comprehensive suite of tools and solutions designed to enhance corporate activities for listed companies in Asia, starting with Southeast Asia and India. The SGX-NASDAQ OMX suite of tailored tools and solutions provides companies with market intelligence, communications tools and governance solutions. The suite includes access to investor relations websites built to improve shareholder communication, as well as the GlobeNewswire press release distribution network designed to effectively disseminate corporate announcements, and advertising opportunities through the NASDAQ OMX MarketSite in New York.
SIX Swiss Exchange enhances transparency tool
SIX Swiss Exchange expands its transparency tool, Equity Liquidity Matrix, to cover all SPI securities. Designed for investors trading Swiss blue chips as well as mid & small cap securities, the free web-based tool highlights the quality of the order books of SIX Swiss Exchange. By enlarging the Equity Liquidity Matrix service, SIX Swiss Exchange further increases market transparency as well as public awareness of the negative effects of market fragmentation. Equity Liquidity Matrix is a user-friendly transparency tool that provides investors, issuers and market participants with a clear view on liquidity levels. It allows them to monitor in real time the order book liquidity for several index aggregates and their individual constituents that are traded on SIX Swiss Exchange and at least one Multilateral Trading Facility (MTF).
Stock Exchange of Thailand promotes algorithmic trading
The Stock Exchange of Thailand is urging securities companies and institutional investors to adopt algorithmic trading programs. Algorithmic trading helps investors to manage their portfolios and better match their needs, while injecting liquidity into the market, lowering costs borne by traders as well as elevating the quality of broker’s service.
Wiener Börse adds Belgrade Stock Exchange to its data alliance
From 10 March 2011, Wiener Börse added the Belgrade Stock Exchange to its data network. Including this new member, the data network of Wiener Börse now comprises the exchanges of the CEE Stock Exchange Group (Wiener Börse, Budapest, Ljubljana and Prague) and the stock exchanges of Bucharest, Sarajevo, Banja Luka, Macedonia and Belgrade. Additionally, data dissemination includes the data of the CEGH Gas Ex-change of Wiener Börse, EXAA (Energy Exchange Austria) and the Prague Energy Exchange.