On the 17th of May 2010, Johannesburg Stock Exchange (JSE) listed cash-settled soybean, soymeal and soybean oil derivative contracts based on CBOT settlement prices licensed from CME Group. The new products will allow local farmers, processors and importers to hedge their price risk against the international benchmarks. These contracts will be listed, traded and settled by the JSE.
This past May, Johannesburg Stock Exchange (JSE) listed a sweet sorghum derivative contract complementing the exchange’s existing range of agricultural derivatives. The product is aimed at larger agricultural traders, financiers and end processors with a contract size of 100 metric tons.
The Securities and Exchange Commission approved rules that will require the exchanges and FINRA to pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period. The rules, which were proposed by the national securities exchanges and FINRA and published for public comment, come in response to the market disruption of May 6.
The International Organization of Securities Commissions (IOSCO) has today welcomed the securities markets regulators from Iceland, the Republic of the Maldives, the Kingdom of Saudi Arabia and Syria as its newest members.
WFE intends to support IOSCO principles of regulation, their development and their even implementation across the member jurisdictions.
WFE stands ready to share expertise of the regulated market operations, which proved robust and transparent these past three years with IOSCO regulatory policy makers.
ASX has entered into a commitment to build a new data centre to meet its expanded co-location (primary) services and upgraded business continuity (backup) requirements for the medium to long-term, as foreshadowed in February 2010.
The SZSE has announced in recent days that the ChiNext board index will be officially released on June 1, 2010 for the purpose of meeting the needs of ChiNext market development.
Clearstream Banking is joining BME’s trade repository project providing reporting services for a wide range of over the counter (OTC) financial instruments. The initiative is in line with the European Commission’s forthcoming regulations, which aim to achieve greater operational control and transparency in OTC derivatives. The new trade repository will serve all financial institutions as well as non-financial institutions and will deliver flexible participation levels that adapt to the diverse profiles and needs of all stakeholders and actors in the OTC derivatives market.
Chi-X® Global Inc. announced an alliance with BM&FBOVESPA S.A., Bolsa de Valores, Mercadorias e Futuros (“BVMF”) to create a new service for the Brazilian market that leverages Chi-X Global’s Chi-FX™ product.