Australian Securities Exchange elects new Chairman
The ASX Board has elected Mr Roderic Holliday-Smith to succeed Mr David Gonski as Chairman of Directors. Mr Gonski is resigning as a director of ASX and took up his appointment as Chair of the Future Fund Board of Guardians on 3 April 2012.
Bombay Stock Exchange CEO to step down
The Bombay Stock Exchange’s CEO, Madhu Kannan has expressed his intention to not seek a new term at the expiry of his current term ending May 2012.
CME Group acquires GreenX Holdings
CME Group has acquired a 100% equity interest in GreenX Holdings, the parent company of Green Exchange, and is now the sole owner of the company. CME Group will migrate GreenX contracts and open interest to CME Group’s portfolio of products, and will work with market participants to ensure that trading and clearing of existing contracts on CME Globex and CME ClearPort continues with minimal impact.
Istanbul Stock Exchange appoints new Chairman and changes name
Mr. ‹brahim M. TURHAN was appointed as the Chairman and CEO of ‹MKB on 1 January 2012 for a term of four years. The Exchange also changed its name and, henceforth would like to gain international recognition with its native name “İstanbul Menkul K›ymetler Borsas› (İMKB)”.
NYSE LIFFE appoints new Chairman
NYSE Liffe announced that Alan Whiting will succeed Hugh Freedberg as the new non-executive Chairman of the company. Mr Whiting’s appointment will take effect from 1 May 2012.
Palestine Securities Exchange lists on its own Exchange
The Palestine Securities Exchange will be listed and its shares traded on the PSE on 4 April 2012. The PSE transformed into a public shareholding company in 2010 and it is the second Arab stock exchange to be publicly traded after Dubai Financial Market and the only Arab exchange that is fully owned by the private sector.
Singapore Exchange announces new organization
The Singapore Exchange announced a new organization structure to reinforce its positioning as the Asian gateway and better leverage growth opportunities in the region. From 1 May 2012, the organization will have five business units: derivatives, listings, market data & access, post-trade and securities. These business units, with the support of the sales & clients unit, will collectively drive the expansion of the products and services suite, the attraction of more and larger listings, the growth of retail and professional participation and the building of the post-trade business. In addition, the Operations and Technology units will be aligned under a newly-created Chief Operations and Technology Officer role. SGX also announced that Mr Gan Seow Ann, Co-President, is resigning and will stay on as advisor.
Tokyo Stock Exchange acquires remaining stake in TOKYO AIM
The Tokyo Stock Exchange Group acquired the remaining 49% in TOKYO AIM currently held by the London Stock Exchange. On 28 March 2012, TOKYO AIM became a 100% subsidiary of TSE. The TSE plans to integrate TOKYO AIM into the Tokyo Stock Exchange effective 1 July 2012 and re-brand the TOKYO AIM market as “TOKYO PRO Market”.
Notice: Undefined variable: indexpage in /home/wfe/public_html/focus/2012-04/footer.php on line 2