NO 241 – MARCH 2013
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WFE Focus March 2013
Indices

ASX makes volatility index available in real time

From 28 February 2013, ASX’s equity market volatility benchmark, the S&P/ASX 200 VIX, will be made available in real time. This will provide the market with intra-day volatility information and importantly, enables ASX to create derivative products for hedging and trading the volatility asset class.

CBOE Holdings and S&P Dow Jones indices extend licensing agreement

CBOE Holdings and S&P Dow Jones Indices have finalized an amendment to their license agreement that extends Chicago Board Options Exchange’s exclusive rights to list security options contracts based on certain indices calculated and published by S&P Dow Jones Indices through 2032, and non-exclusive rights through 2033.

NYSE Euronext renames clean energy indices family

From 1 March 2013, NYSE Euronext and its partner Bloomberg New Energy Finance have renamed their family of clean energy indices from NYSE BNEF to NYSE Bloomberg to highlight more effectively the involvement of both NYSE and Bloomberg in this clean energy index series. The clean energy indices are based on Bloomberg New Energy Finance’s database of organizations involved in clean energy and related sectors.

NYSE Euronext and CBOE to exclusively trade Russell indices

NYSE Euronext and CBOE will trade Russell US Index-based options exclusively. The semi-exclusive trading in Russell Index-based options will begin in late April.

Shanghai Stock Exchange to launch culture industries and other indices

On 26 March 2013, the Shanghai Stock Exchange, in cooperation with China Securities Information, will launch the SSE Culture Industries Index, the CSI Culture Industries Index and the CSI Services Industry Index. They are designed to serve as new benchmarks and investable underlyings for investors. In addition, on 27 March 2013, SSE and CSI will introduce the SSE Dividend Return Index and CSI Dividend Return Index.

Singapore Exchange extends Asian equity indices range

The Singapore Exchange has signed a licensing agreement with global index provider MSCI for 14 new regional and country indices. They are components of broader regional indices like the MSCI Emerging Markets Index, covering Thailand, the Philippines and other country markets, and the MSCI Frontier Markets Index. The new indices will provide global investors with extensive reach into Asian emerging markets, and complements SGX’s existing equity derivatives suite.

TMX Group creates global fixed-income index business

TMX Datalinx, TMX Group’s information service division, and FTSE Group have signed a definitive agreement to combine their fixed-income index businesses into a new joint venture, FTSE TMX Debt Capital Markets. Upon completion, TMX Datalinx’s fixed-income index business PC-Bond will be combined with FTSE’s existing international fixed-income index business. FTSE will own a 75% majority stake in the joint venture, with TMX Group holding a 25% stake. Definitive completion of the agreement is subject to customary conditions and is expected in the second quarter of 2013.