NO 242 – APRIL 2013

WFE Focus April 2013
Corporate news

BM&FBOVESPA appoints new Chairman

BM&FBOVESPA shareholders elected a new Board of Directors for the company on 15 April 2013 in a General Meeting. The new chairman will be Pedro Pullen Parente, who was already a member of the previous Board. He will be substituting Arminio Fraga Neto, whose second mandate that started in May 2011 has now drawn to a close.

Borsa İstanbul launched

On 5 April 2013, İstanbul Menkul K›ymetler Borsası (İMKB) merged with İstanbul Gold Exchange and Turkish Derivatives Exchange under the new brand “Borsa İstanbul”. The new Exchange plans to incorporate energy and commodity contracts in its markets in the near future. With its renewed structure, Borsa İstanbul has become a joint stock company and will work to improve capital markets with diverse set of financial products and services as the sole trading platform in Turkey.

Buenos Aires Stock Exchange creates new structure

The Buenos Aires Stock Exchange and the Securities Market Corporation (Merval) will jointly create a new market, the Argentine Markets & Exchanges Corp. (B&MA in its Spanish acronym). Shares of this new corporation will be publicly offered and listed on B&MA. The new structure will run the securities market. Along the same lines, Buenos Aires Stock Exchange and Merval have signed a MoU with the Cordoba Securities Market aiming at integrating and interconnecting local trading platforms into a single federal market servicing all regions across the country.

Deutsche Börse places corporate bond

Deutsche Börse has successfully placed a EUR 600 m corporate bond on the market. It will be listed on the Luxembourg Stock Exchange. In addition, Deutsche Börse intends to apply for admission of the bond to trading on the regulated market of the Frankfurt Stock Exchange. In another move, Deutsche Börse has resolved to call for redemption in whole its EUR 550 m subordinated fixed to floating rate debt securities of 2008 effective 13 June 2013.

ICE and Gasunie launch ICE Endex

On 26 March 2013, IntercontinentalExchange and Gasunie, a European gas infrastructure company, have launched the ICE Endex. The launch follows the demerger of energy exchange APX-ENDEX into two separate entities: a power spot and clearing entity and a derivatives and spot gas entity, which took place on 1 March 2013. ICE Endex, of which ICE will own 79.12% and Gasunie 20.88%, is based on the derivatives and spot gas business of former APX-ENDEX. It will provide a liquid, transparent and widely accessible continental European trading hub for natural gas and power derivatives, gas balancing markets and gas storage services.

NASDAQ OMX to acquire eSpeed platform

The NASDAQ OMX Group has entered into an agreement with BGC Partners to acquire the eSpeed platform which operates a fully executable central limit order book for electronic trading in US treasuries. This acquisition will give NASDAQ OMX a strong entry point in the electronic fixed-income business.

NASDAQ OMX Tallinn appoints new CEO

The Supervisory Council of NASDAQ OMX Tallinn appointed Mr. Rauno Klettenberg as the new Exchange’s CEO, beginning 8 April 2013.

TMX Group completes businesses acquisition

TMX Group has completed the acquisition of the transfer agent and corporate trust services business from Equity Financial. The business, which will be named TMX Equity Transfer Services, is now part of the portfolio of services provided by TMX Group to companies listed on the Toronto Stock Exchange and TSX Venture Exchange. These services also include investor relations, design services, shareholder data and tracking, and market analytics.