The Luxembourg Stock Exchange (LuxSE) and the Industrial and Commercial Bank of China, Luxembourg branch, (ICBC) signed a memorandum of understanding on 4 December 2014 at the occasion of the launching ceremony of ICBC as the RMB clearing bank for Luxembourg.
With this agreement, LuxSE and ICBC intend to cooperate on a range of market activities that are linked to the internationalisation of the renminbi, particularly the listing of RMB denominated securities in Luxembourg.
They will also be cooperating on securities listings in general, as well as on market innovation and new listing products.
LuxSE currently lists 47 RMB bonds for issuers from 20 countries and 8 RMB investment funds. LuxSE is the number one listing venue for RMB bonds outside Asia.
The London Metal Exchange (LME) has successfully launched LMEbullion, a custom-built electronic solution to provide reference prices for the platinum and palladium markets.
LMEbullion began providing the LBMA Platinum and Palladium Prices on 1 December, replacing the previous pricing mechanism run by the London Platinum and Palladium Fixing Company Ltd.
“Oslo Børs is to become the first stock exchange in the world to launch a separate list for green bonds. We are doing this to draw attention to environmentally friendly investments”, comments Bente A. Landsnes, President & CEO of Oslo Børs.
Japan Exchange Group, Inc (JPX) and Singapore Exchange (SGX) will enter a Letter of Intent (LOI) to collaborate in the joint development and promotion of the markets on both exchanges. This cooperation further deepens the long-standing relationship and strategic partnership between JPX and SGX.
The symbolic ringing of the opening bell at Thursday`s trading session marked the starting point of celebrations of ten years of ISE. The event enjoyed the participation of BM&FBOVESPA CEO Edemir Pinto, FGV-EAESP Center for Sustainability Studies (GVces) Coordinator Mario Monzoni and representatives of the 11 companies that have been part of ISE since its first portfolio: AES Eletropaulo, Banco do Brasil, Bradesco, Braskem, BRF, Cemig, CPFL Energia, Fibria, Itaú Unibanco, Natura and Tractebel.
During the event there was the announcement of a series of initiatives that will be implemented up to November 2015 in celebration of ten years of the index. One of the highlights is the ISE Indicators Platform, which will be launched at the start of December at the new ISE website. This platform will allow the user to consult a database that has been accumulated over the ten years of the portfolio and which encompasses the economic performance of the index, the performance of its companies and the themes under focus. This will enable the generation of dynamic graphs and analyses that are based on the questionnaire’s criteria, on indicators and on the relevant themes.
Borsa İstanbul Derivatives Market (VIOP) introduces a new market making system. For the purpose of creating a liquid and transparent market, a certain amount of the exchange commission charged on contracts will be shared with market makers.
Borsa İstanbul Derivatives Market introduces a new market making model, which covers single stock futures and options, as well as option contracts on BIST 30 Index, mini-BIST 30 Index and currency, and entitles the market makers to a certain portion of the exchange commission on the basis of their market making performance.
The target is to increase the liquidity in option contracts
This program, which covers single stock future contracts and all active option contracts, ensures that market makers enter quotations on a continuous basis and therefore investors can always find prices on the market with a narrow spread. This will, in turn, increase the depth and liquidity in option contracts.
NZX is pleased to announce it will launch a Global Butter Futures Contract on Friday 12 December. This follows successful testing of the service and receipt of regulatory approval from the Financial Markets Authority.
Butter futures are a global risk management tool for participants operating in the dairy commodities industry. The contracts will trade off the underlying price for unsalted butter on the GlobalDairyTrade auction platform.
São Paulo, November 26, 2014 – BM&FBOVESPA announced the tenth portfolio of the Corporate Sustainability Index (ISE), effective from January 05, 2015 to January 02, 2016. The new portfolio is composed of 51 stocks of 40 companies. The companies are drawn from 19 sectors and have a combined market capitalization of BRL 1.22 trillion, or 49.87% of the combined figure for all of the companies traded on BM&FBOVESPA, based on the close of trading on November 24, 2014 (in the previous year, combined market capitalization was BRL 1.14 trillion, the equivalent of 47.16% of the total, based on the close of trading on November 26, 2013).
Of the 40 companies in the current portfolio, four are new: JSL, B2W DIGITAL, LOJAS AMERICANAS and LOJAS RENNER, with the latter three being responsible for the Retail sector going onto ISE. The larger number of sectors increases attractiveness for investors, due to greater diversification, and also demonstrates that the Sustainability trend is gaining maturity as its reach stretches further across sectors.
Singapore Exchange (SGX) announced its intention to launch a bond trading platform by mid-2015. It will initially trade Asian corporate bonds in G3 currencies, with Asian local currencies to follow. To drive this initiative, the first of its kind focused on Asian bonds, SGX has formed a new subsidiary, SGX Bond Trading (“SGX BT”).
The development of this platform will be executed in close consultation with the industry, and the platform aims to become an Asian Liquidity Centre for both high-yield and investment-grade corporate bonds. SGX held an inaugural Steering Committee meeting with senior representatives of 32 leading Asian fixed income dealers and investors yesterday and will continue to do this at periodic intervals leading to the launch of the platform. The Steering Committee will provide strategic direction and feedback to SGX on the development and refinement of services provided by SGX Bond Trading to address the needs of Asian bond market participants.
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced that it has successfully completed the Liffe futures and options transition to ICE Futures Europe. The final phase of the Liffe transition was completed with the equity derivatives complex transferring to the ICE platform, following the previous migrations of European interest rate derivatives and soft commodity contracts.
The Liffe equity derivative contracts that were migrated to the ICE platform on November 17 include futures and options on the FTSE 100 Index, futures contracts on the MSCI World and MSCI Europe Indices, as well as a comprehensive range of Single Stock Futures, Dividend Adjusted Stock Futures and Individual Equity Options.
With European equity derivatives, interest rate derivatives and soft commodities now listed on the widely distributed and feature rich ICE trading platform, these contracts can now be traded side by side on WebICE with ICE’s flagship U.S. MSCI and Russell index contracts, as well as with the Eurodollar and GCF Repo futures contracts and the U.S. soft commodity complex.