NO 233 – JULY 2012
Half year market highlights

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WFE Focus July 2012
Inter-market links

Egyptian Exchange and İMKB sign MoU

The Egyptian Exchange and İMKB signed a Memorandum of Understanding on 22 June 2012. Both exchanges aim to enhance cooperation between the two markets, mainly in the field of automated trading systems development, exchanging technical information, sharing expertise for more efficiency of capital markets in both countries and cross listing of ETFs.

GreTai Securities Market and Deutsche Börse sign MoU

On 25 June 2012, Deutsche Börse and GreTai Securities Market signed a Memorandum of Understanding. Both parties agree to exchange information in order to facilitate the further development of their financial markets. The two partners are to share knowledge and information on various business areas and regulatory developments and to assess potentials for cooperation in trading and listing.

GreTai Securities Market and NASDAQ OMX sign MoU

On 26 June 2012, GreTai Securities Market and NASDAQ OMX signed a Memorandum of Understanding aimed at facilitating the development of channels of communication and to foster a continuing relationship between the two parties. It also aims to support the financial technology development and continued maintenance of orderly markets in securities and derivatives in Taiwan and to explore bilateral business opportunities in each of the markets.

Hong Kong Exchanges, Shanghai Stock Exchange and Shenzhen Stock Exchange to establish joint venture

Hong Kong Exchanges and Clearing, the Shanghai Stock Exchange and the Shenzhen Stock Exchange signed an agreement to establish a joint venture in Hong Kong with an aim to develop financial products and related services. The three exchanges hope this new venture will help promote the development of China’s capital markets, enhance the competitiveness and promote the internationalization of the three bourses. The principal business of the joint venture will include, but not be limited to, the development and franchising of index-linked and other equity derivatives products; the compilation of cross-border indices based on products traded on the three markets; and the development of industry classification for listed companies, information standards and information products. They will also include market promotion, customer services, technical services and infrastructure development.

Hong Kong Exchanges and Ministry of Finance of PRC sign MoU

Hong Kong Exchanges and Clearing and the Ministry of Finance of the People’s Republic of China signed a Memorandum of Understanding on the listing and trading of RMB-denominated sovereign bonds in Hong Kong. RMB-denominated sovereign bonds issued by the Ministry may now list and trade on HKEx.

London Stock Exchange and Singapore Exchange sign cross trading agreement

The London Stock Exchange has signed a Memorandum of Understanding with Singapore Exchange to allow the largest and most actively traded stocks on each exchange to be traded by their respective member firms. Under the agreement, LSE members will be able to trade the top 36 SGX-listed companies on LSE’s newly-created “International Board”. Similarly, SGX members will be able to trade FTSE 100 securities on SGX’s GlobalQuote Board. For investors, the collaboration will extend trading hours for the most actively traded securities in both markets to around 15 hours each day, providing more opportunities for investment, trading, and risk management for participants in London and Singapore. For issuers, the initiative will offer a quotation on a new market without the need for a separate listing, giving access to a new investor audience and the opportunity to benefit from increased stock liquidity. The trading of SGX-listed shares on LSE is expected to launch in the third quarter of 2012, while LSE-listed securities are expected to start trading on SGX in the first half of 2013, subject to relevant regulatory approvals.

NYSE Euronext and Cape Verde Stock Exchange sign cooperation agreement

NYSE Euronext signed a cooperation and partnership agreement with the Cape Verde Stock Exchange (BVCV) through its subsidiary Euronext Lisbon. Within the scope of this agreement, NYSE Euronext in cooperation with BVCV will support the development of the capital market in Cape Verde. Amongst other activities, it involves training delivered by Euronext Lisbon as well as receiving BVCV representatives in events either organized or sponsored by the Portuguese Stock Exchange.

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