South African investors can now trade two on the world’s most well-known IT names through the Johannesburg Stock Exchanges listing of single stock futures (SSFs) on Microsoft and Google. This offers local retail investors, whose offshore exposure is capped by South African exchange controls, international exposure without using their R2m foreign allowance.
January 2010 marked the anniversary of the Johannesburg Stock Exchange (JSE)’s introduction of the CBOT Corn Futures and Options contracts in partnership with the CME Group. The contracts allow South African participants access to international corn markets in local currency without impacting the South African foreign exchange allowances.
The Johannesburg Stock Exchange’s Japanese Yen/Rand Currency Futures contract traded for the first time in January 2010.
The Committee of SADC Stock Exchanges (COSSE) will hold their annual general meeting in Cape Town, South Africa, from 10 to 13 February 2010. SADC stands for Southern African Development Community and CoSSE membership is open to all SADC member countries including Botswana, Malawi, Mauritius, Mozambique, South Africa, Swaziland, Namibia, Tanzania, Zambia and Zimbabwe.
Singapore Exchange (SGX) is pleased to announce that institutions and market participants in the United States (U.S.) can readily trade the SGX Fuel Oil 380cst futures contract.
The Chicago Board Options Exchange (CBOE) announced plans to begin trading options on the S&P 500® Dividend Index (ticker symbol - DVS) on Friday, March 5, 2010. The first contract of its kind in the U.S., S&P 500 Dividend Index options will be listed exclusively at CBOE.
Euroclear Bank and Korea Securities Depository (KSD) announce a bilateral agreement whereby KSD will establish a link to Euroclear Bank’s FundSettle platform, the automated, multi-currency fund-transaction processing solution. KSD will adopt FundSettle as part of its fund-processing infrastructure.
BME has determined to urge its business areas and subsidiaries to intensify and quicken the pace of the ongoing work for enabling BME to assume CPP functions with respect of trades in shares listed on the Spanish stock exchanges by means of an instrument deemed fit for this purpose.
ASX Limited (ASX) announces its results for the half-year ending 31 December 2009. Normal net profit after tax of $170.6 million was achieved, a 0.8% decrease on the prior corresponding period (pcp) to 31 December 2008, but a 20.4% rise on the previous six months to 30 June 2009.
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) and the Australian Securities Exchange Group (ASX:ASX) announced a commitment for the delivery of ASX's next generation trading system - ASX Trade powered by NASDAQ OMX's Genium INET trading platform. ASX Trade will replace their current integrated equities and derivatives trading platform, and with the new system will enable significant latency and transaction capacity advantages.