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WFE Focus December 2011
Corporate news

Bucharest Stock Exchange names interim CEO

As of 17 November 2011, the Bucharest Stock Exchange named a new CEO, Mr Alin Barbu, on an interim position. Mr. Barbu is replacing Mr. Valentin Ionescu who left the company.

Dubai Financial Market launches new corporate identity

The Dubai Financial Market launched its new corporate identity to reflect the strategic direction and growth of DFM going forward and prepare the Exchange for a new era of sustainable growth. DFM’s new corporate vision and mission are summarized by five key values which govern the exchange’s behavior internally and externally including: transparency, efficiency, confidentiality, innovation and integrity. DFM’s new slogan “Connecting liquidity” underlines the exchange’s commitment to connect liquidity across all its actions, leveraging advanced technology and best practices to drive market growth and trading volume. On this occasion, the Exchange unveiled a new logo:

London Stock Exchange Group to acquire stake in FTSE International

London Stock Exchange Group has signed a definitive agreement to acquire the 50% stake in FTSE International Limited, from Pearson, that LSEG does not already own, for total cash consideration of GBP 450 m. With this acquisition, LSEG significantly diversifies its business into indices, data and analytics and, in particular, creates new growth opportunities for LSEG’s listed derivatives trading business, a key strategic priority for the Group. It will increase access to buy-side firms and services, and will offer an enhanced global footprint, including key emerging and growth markets.

MICEX shareholders approve new corporate charter

The Extraordinary General Meeting of MICEX shareholders, held on 8 December 2011, approved the new version of the MICEX’s corporate charter, providing for, in particular, changing the name of MICEX and transforming MICEX from a Close Joint-Stock Company into an Open Joint-Stock Company which is a necessary measure for the company to make its IPO. According to the new version of the MICEX’s Corporate Charter, the full name of the company will be “Open Joint-Stock Company MICEX-RTS”.

Nairobi Stock Exchange changes name

The Nairobi Stock Exchange has changed its name to the Nairobi Securities Exchange Limited. The new name is a reflection of the 2010/2014 strategic plan to evolve into a full service securities exchange which supports trading, clearing and settlement of equities, debt, derivatives and other associated instruments.

NYSE Liffe opens office in Hong Kong

On 1 December 2011, NYSE Liffe opened an office in Hong Kong. With offices in Singapore, Tokyo and now Hong Kong, the Exchange will further develop its derivatives business in the region.

TMX Group makes offer to acquire Razor Risk Technologies

TMX Group and Razor Risk Technologies have entered into a takeover bid implementation agreement under which TMX Group, or its affiliate, will make a takeover bid for all of the issued shares of Razor. This company, headquartered in Sydney, provides credit risk software to clearing houses, stock exchanges, financial institutions and brokerages around the world. It also develops and integrates economic capital, market, credit and liquidity risk management requirements across multiple asset classes.

TMX Group opens office in Beijing

TMX Group opened a representative office of its indirect wholly owned subsidiaries, Toronto Stock Exchange and TSX Venture Exchange, in Beijing.

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