The Chicago Board Options (CBOE) announced it has received Securities and Exchange Commission (SEC) approval to offer trading in options on the S&P 500® Dividend Index (ticker symbol - DVS). The first contract of its kind in the U.S., the S&P 500 Dividend Index option will be listed exclusively at CBOE.A launch date has not been finalized.
The start of gas trading activities by the CEGH Gas Exchange of Wiener Börse marks a further step towards positioning the Central European Gas Hub (CEGH) as an important international hub and trading gateway into the CEE area, whilst strengthening competition and the further liberalization of the market. The Austrian Minister of Economic Affairs Reinhold Mitterlehner, OMV Executive Board Member Werner Auli, Vienna Stock Exchange CEO Heinrich Schaller and the Managing Director of CEGH AG, Harald Wüstrich, gave the go-ahead to the international spot trading at today’s opening ceremony.
Singapore Exchange Limited (SGX) and the Association of Financial and Commodity Traders (Singapore) (AFACT) jointly launched the SGX Academy Algorithmic Trading Initiative to upgrade professional traders’ algorithmic trading capabilities. The initiative will feature intensive, hands-on workshops with expert-level trainers using a live training facility at SGX.
The International Securities Exchange (ISE) and Deutsche Börse Systems (DBS) announced that they have signed an agreement with RCN Metro Optical Networks, a division of RCN Corporation (NASDAQ: RCNI) and a premier provider of fiber optic-based network solutions, to deploy RCN Metro's low latency fiber network (Xtreme Network) to connect ISE's current and future data center sites. This connection will act as a critical pathway in support of ISE's migration to its new options trading system, which is being developed using the expertise of ISE and DBS and is scheduled to roll out in Q4 2010.
The ceremony of the opening of trading in the Market for Innovations and Investments (MICEX MII) was held on the MICEX on December 10, 2009. It was timed to the initial public offering of shares in The Human Stem Cells Institute (HSCI), organized by ALOR INVEST.
The new trading system of the Shanghai Stock Exchange (SSE) was officially put into operation yesterday after smoothly going through with its two-week trial run on December 4. The original trading system retired after the returning-back period.
Singapore Exchange Limited (SGX) has successfully launched its new clearing system, SGXClear, on 7 December 2009.
The new clearing system, which is powered by Nasdaq OMX technology, has enhanced capabilities in terms of speed and functionality, and increased capacity to support significant growth in the derivatives business. This platform will also help SGX to clear more complex and diverse products.
Both EDX London and Oslo Børs switched to the Scila Surveillance solution for their respective derivatives markets as they commenced trading on their new, common equity derivatives trading platform on December 7.
Euroclear Bank and the newly created Shanghai Clearing House have signed a Memorandum of Understanding (MoU) as the basis to build a close co-operative relationship. Under the MoU, Shanghai Clearing House and Euroclear will explore how best to co-operate on securities clearing, settlement and related matters in supporting clients active in the Chinese financial markets and in those capital markets covered by Euroclear. The relationship aims at providing a more efficient post-trade infrastructure that will facilitate cross-border investment, as well as strengthen the risk-mitigation capabilities of Shanghai Clearing House for its clients.
Vladimir Milovidov, Head of the Federal Financial Markets Service (FFMS) of the Russian Federation, and Jean-Pierre Jouyet, Chairman of the Autorité des marchés financiers (AMF), signed on 27 November 2009 a memorandum of understanding (MOU) on assistance and cooperation aimed at forging closer links between the two countries' authorities and financial markets.