NO 240 – FEBRUARY 2013
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WFE Focus February 2013
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CME Group to transfer Kansas City wheat futures and options to Chicago trading floor

CME Group will transfer open outcry trading of Kansas City Board of Trade (KCBT) hard red winter wheat futures and options to its Chicago trading floor beginning 1 July 2013, pending CFTC review. The last day of open outcry trading on the KCBT floor will be 28 June 2013. KCBT wheat futures and options will continue to trade on CME Globex and be listed by and subject to the rules of KCBT.

Hong Kong Exchanges to launch market data hub in Shanghai

Hong Kong Exchanges will launch by the third quarter of this year a market data hub in Shanghai, in connection with the HKEx Orion market data platform that is scheduled to be implemented in phases. In connection with this, HKEX launched its Mainland Market Data Hub Founding Members Program designed to allow information vendors and other interested parties to participate in this project.

IntercontinentalExchange launches fixed-income trading platform

IntercontinentalExchange and Cetip, Latin America’s largest private fixed-income depository, announced that the jointly developed fixed-income trading platform Cetip | Trader will be launched on 25 February 2013. This follows a successful test that started in August 2012 and final regulatory approval from the Brazilian securities regulator.

ISE introduces ISE ETF Ventures

The International Securities Exchange announced that its new product development group will now be known as ISE ETF Ventures. The new name reflects the group’s evolving focus and expanded capabilities in the ETF area. With ISE ETF Ventures, ISE has moved beyond its established expertise in index development to offer partner firms a full suite of capabilities to support the launch of new ETFs. In addition to index conceptualization and development, ISE ETF Ventures can assist in bringing new ETFs to market through capital commitment, business development, and marketing support.

MCX Stock Exchange launches equity, equity derivatives and index

On 9 February 2013, MCX Stock Exchange inaugurated its equity and equity derivatives segment which opened for trading on 11 February 2013. On this occasion, the Exchange’s flagship index, the SX40, was also launched. It is a free-float based index of the 40 largest capitalized and liquid stocks, representing diverse sectors of the economy.

Moscow Exchange launches integrated currency market of Eurasian Economic Community

Moscow Exchange completed the long term project for establishing the Integrated Currency Market for countries of the CIS and Eurasian Economic Community on its FX market. The Exchange has just admitted banks from these countries to trade on the FX market.

NASDAQ OMX to introduce FX trading and clearing solution

NASDAQ OMX Nordic, part of NASDAQ OMX Group, announces a partnership with Deutsche Bank and Imarex Financial Services to offer market participants access to an integrated trading and clearing service for FX products. This will allow clients of NASDAQ OMX’s Norwegian clearing house, NOS, to trade FX products through Deutsche Bank’s leading FX trading platform. They will get direct access to liquidity from one of the world’s leading FX bank, whilst ensuring that clearing and counterparty risk management is carried out in a best practice environment.

Shenzhen Stock Exchange expands scope of underlying stocks for margin trading and lending

The Shenzhen Stock Exchange adjusted the scope of underlying stocks for margin trading and securities lending. From now on, the underlying stocks expand from the current 98 stocks to 200 stocks. The expansion will further broaden the coverage of underlying securities, improving the mechanism of shaping the stock price and boosting the balance of market supply and demand.

Shenzhen Stock Exchange expands information disclosure express practice

The Shenzhen Stock Exchange plans to push forward the overall Information Disclosure Express practice. It is an innovative method of information disclosure that enables the public companies to summit particular types of announcements to designated media via SZSE technology platform. With the assistance of this tool, public companies may disclose information without the verification of SZSE in advance.

SIX Swiss Exchange launches new trading segment for investment funds

On 1 March 2013, SIX Swiss Exchange will introduce a new trading segment for investment funds: the SIX Swiss Exchange–Sponsored Investment Fund segment. It will allow investors to trade investment fund units on the regulated electronic trading platform of SIX Swiss Exchange. So far, those investment fund units have had to be traded off-exchange.

SIX Financial Information establishes evaluated pricing valuation team in Frankfurt

SIX Financial Information has expanded its evaluated pricing business by establishing a new valuation team in Frankfurt. The move will enable SIX Financial Information to react more quickly and effectively to the individual needs of its European clients and extend the coverage of European assets, strengthening its position as one of the leading providers of independent price evaluations.

Stock Exchange of Thailand to adopt ASEAN governance principles

The Stock Exchange of Thailand revised its corporate governance principles to be in line with ASEAN governance principles and prepare Thai listed companies when the ASEAN Economic Community (AEC) starts in 2015.