London Stock Exchange Group plc (LSEG) and Turquoise Trading Limited (Turquoise) today announced their agreement to create a new pan-European trading venture through a merger of the businesses of Turquoise and Baikal Global Limited (Baikal).
CME Group, the world's largest and most diverse derivatives marketplace, announced that it is expanding its international electronic trading fee incentive programs to provide clients outside of North America with greater access to COMEX metals futures products. The extension will apply from January 1, 2010, to participants in the International Incentive Program (IIP), the Asia Pacific Incentive Program (AIP), the South American Incentive Program (SAIP), the Latin American Commercial Incentive Program (LACIP), and the Latin American Fund Manager Incentive Program (FMIP). These programs will run through December 31, 2010.
NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, began trading the Global X China Energy ETF (Ticker: CHIE). The ETF is sponsored by Global X Funds.
Singapore Exchange Limited (“SGX”) introduced changes to SGXNet Announcement Templates as part of its ongoing efforts in fostering a transparent and well-informed marketplace. This is to assist investors in retrieving information crucial to their investment decisions and to increase the level of disclosure by issuers. These changes, which will be effective 10 January 2010, comprise four new information categories and revisions to two existing announcement categories.
Clearstream, the international central securities depository within Deutsche Boerse Group, is launching Global Emissions Market Access (GEMA), a settlement and custody service for carbon trading rights.
The international derivatives exchange Eurex will continue to expand its global distribution network by launching an enhanced Eurex Trader Development Program in January 2010 based on the current successful program. The new scheme offers an extensive range of training, further education measures and lucrative trading conditions for new traders who start trading on Eurex next year.
NASDAQ OMX Stockholm, part of the NASDAQ OMX Group (NASDAQ:NDAQ), starts trading in a new Exchange Traded Fund (ETF), NASDAQ-100 ETF. The ETF, issued by Sweden-based HQ Bank, is based on the NASDAQ-100 Index and includes 100 of the largest domestic and international securities listed on The NASDAQ Stock Market in the U.S.
William J. Brodsky, Chairman and CEO of the Chicago Board Options Exchange (CBOE), has received the William F. Sharpe Indexing Lifetime Achievement Award for his career-long support of index products as risk-management tools. The award was presented earlier this month at the Super Bowl of Indexing Conference in Phoenix, Arizona.
The Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI) have recently announced that nine new indices will be launched on the first trading day of 2010, namely, the SSE Corporate Bond 30 Index, the SSE Overseas-listing A Shares Index, the SSE Local State-owned Enterprises 50 Index, the SSE State-owned Enterprises 100 Index, the SSE Large & Mid & Small Cap Growth, Value, Relative Growth and Relative Value Indices and the SSE Shanghai Enterprises Index. All these indices will provide more targets for such index products as index funds and ETFs.
As the world turns its attention to the Copenhagen talks later this year for a successor to the Kyoto Protocol on reining in carbon emissions and other greenhouse gases (GHG), the International Auditing and Assurance Standards Board (IAASB) is making significant progress to develop a new assurance standard on GHG statements. Today, the IAASB released a Consultation Paper seeking views on key issues in developing that standard.