The Exchange Council of the Frankfurt Stock Exchange (FWB) resolved unanimously to terminate lead-broker based floor trading on the regulated market with effect as of 28 March 2012.
Nasdaq announced today that its Board of Directors has approved a share repurchase program, authorizing NASDAQ OMX to repurchase in the aggregate up to $300 million of its outstanding common stock.
Nasdaq announced that, effective September 1, 2010, it will introduce new trading symbology in preparation for the industry's listing.
The international derivatives exchange Eurex announced that it will expand its offering of volatility index derivatives based on VSTOXX. The new options contract will be launched on 22 March 2010 and complement the existing VSTOXX mini future. This step will increase the offering of volatility derivatives that are centrally cleared via Eurex Clearing, thereby mitigating counterparty risks. The VSTOXX index calculates the implied volatility of the EURO STOXX 50 options.
Bombay stock Exchange permits DMA and Automated trading. Since Both DMA and Automated trading make use of strategies that exploit short-lived market opportunities and have a high dependence on speed of execution, the co-location facility will facilitate faster trade execution required for DMA and Automated trading. This Co- location Facility will be extended to members to host their servers near to BSE’s trading platform within BSE premises.
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.
Based on preliminary figures published by the Company, Deutsche Börse AG generated earnings before interest, taxes and the impairment charge for US options exchange ISE of €1,053.4 million in 2009 (2008: €1,508.4 million). Including the ISE impairment charge of €415.6 million, EBIT amounted to €637.8 million. Sales revenue for the year was €2,061.7 million (2008: €2,455.1 million). The 16 percent decline was largely due to the reluctance of market participants to trade on the cash and derivatives markets as a result of the financial and economic crisis.
GAAP Net income of R$220.2 million increased 8.8% year-on-year, whereas adjusted net income of R$315.3 million.
4Q09 net revenues of R$424.8 million increased 19.5% from the same quarter one year ago (pro forma). In a comparison of the twelve months to December 2009, net revenues dropped 6.2% to R$1,502.5 million.
The Stock Exchange of Mauritius (SEM) organised an informative meeting on Tuesday 16th February, to explain the changes that have been brought to the Listing Rules to position the SEM as an attractive venue for the listing of Global Funds and of Specialised Funds. The SEM is going through a strategic reorientation of its activities and gradually moving away from an equity-based domestic Exchange to a multi-product internationally oriented Exchange.