Singapore Exchange (SGX) acquired the remaining 51% of Singapore-based Energy Market Company (EMC) from the Energy Market Authority (EMA), making EMC a wholly-owned subsidiary of SGX.
This acquisition will allow EMC to leverage SGX’s expertise and operational synergies to provide better services to market participants at more competitive rates. For a start, wholesale electricity market participants will benefit from two percent savings in market fees over the next three years.


Wednesday, October 1, 2014

Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced that it has successfully completed the transition of the Liffe London soft commodity futures and options contracts to ICE Futures Europe. These products are now listed on the ICE trading platform, which is also home to the ICE Futures U.S. soft commodity futures and options that include Sugar 11, Cocoa, Coffee, Cotton and Frozen Concentrated Orange Juice contracts. For the first time, global soft commodities contracts are available for trading side by side on the same widely distributed, feature rich trading platform.

Wednesday, October 1, 2014

The Stock Exchange of Thailand (SET) will list IMPACT Growth Real Estate Investment Trust (REIT) worth THB 15.71 billion (approx. USD 491 million) on its main board on October 1, under the ticker “IMPACT”.

SET Executive Vice President Chanitr Charnchainarong said that IMPACT, the first REIT in the Thai capital market, would list and start trading on the Thai bourse’s Property Fund & REITs sector. Being listed as REITs, the firm could invest in more various properties than typical property fund, while the REITs could also boost investment choices for investors and funding opportunities for entrepreneurs.

IMPACT offered 1,482.50 million units via an initial public offering (IPO) at THB 10.60 per unit during September 8-19, with total value of THB 15.71 billion. IMPACT is managed by RMI Co., Ltd., a subsidiary of IMPACT Exhibition Management Co., Ltd. Kasikorn Asset Management Co., Ltd. is the trustee and Maybank Kim Eng Securities (Thailand) pcl is the financial advisor and one of the underwriters, together with Kasikornbank pcl and Kasikorn Securities pcl.  

Tuesday, September 30, 2014

TMX Group Limited today announced that it has selected Lou Eccleston to lead the organization as its Chief Executive Officer (CEO). Mr. Eccleston, who will assume the role effective November 3, 2014*, will also become a member of the TMX Group Limited Board of Directors.

Mr. Eccleston brings to TMX Group more than 30 years of extensive experience gained in senior leadership roles in the information services, financial technology and capital market services sectors. Most recently, he was President, S&P Capital IQ and Chairman of the Board, S&P Dow Jones Indices, which are business lines of McGraw Hill Financial. He was with that organization for 6 years. Previously, Mr. Eccleston was at Thomson Financial for 4 years in the roles of President of Global Sales, Marketing & Services and President of the Banking and Brokerage Group. Mr. Eccleston was at Bloomberg LP for 14 years, where he held a number of roles including chief executive of Bloomberg Tradebook for 6 years. He also served as Chairman and CEO of Pivot Inc., a capital market software services company.

Tuesday, September 30, 2014

The Ministry of Environment and the Korea Exchange (KRX) announced that they will start a mock emission trading from Sep. 29 (Mon.), 2014 in order to successfully open an official Emission Trading Market in Jan. 2015.

- The mock market will be operated in two (2) phases until Dec. 24 (Wed.) based on an emission trading system to be developed by the KRX.

Tasks to be done in the phase 1 include: system integration among KRX, Greenhouse Gas Inventory & Research Center of Korea, Koscom, and settlement banks; a test for submission of orders and execution of transactions by companies with emission allowance; and education for the companies on the mock trading.

Tasks to be done in the phase 2 include: with the participation of all companies allotted with emission allowance by the Ministry of Environment, all through process of the emission trading from order placement and execution of transactions to clearing and settlement to be conducted in the environment as same as that of the real regular market.

- The mock trading market is expected to serve as a good opportunity for each company to experience the whole trading process in advance as companies will be allowed to directly get access to the KRX trading system from their place of business.

Friday, September 26, 2014

BM&FBOVESPA (BVMF) and China Financial Futures Exchange (CFFEX) announce they have agreed a memorandum of understanding (MOU) to enhance mutual understanding, promote bilateral support and facilitate development for both exchanges. The main scope of exchanges agreement covers information sharing, high level dialogue, training and staff exchange and business cooperation.

"This agreement further strengthens the relationship with the financial market in China. The purpose is to explore all possibilities of concrete business between the two exchanges, taking advantage of the strong potential of the two markets and develop new channels for this long-term cooperation”, said Edemir Pinto, CEO of BM&FBOVESPA

"It is essential for CFFEX to strengthen cooperation and exchange with overseas partners such as BM&FBOVESPA. I’m confident that such cooperation will greatly benefit both exchanges and help to achieve a win-win outcome and common prosperity." said Hu Zheng, CEO of China Financial Futures Exchange.

Friday, September 26, 2014

S&P Dow Jones Indices (S&P DJI), one of the world’s largest providers of financial market indices, and Toronto Stock Exchange (TSX) announced the launch of the S&P/TSX Composite Shareholder Yield Index and the S&P/TSX Composite Buyback Index.

The S&P/TSX Composite Shareholder Yield Index is designed to measure the performance of the top 50 stocks with the highest shareholder yield in the S&P/TSX Composite. Shareholder yield ratio is derived from the payment of dividends to common shareholders, the monetary amount companies spend in their common stock repurchase programs, and debt paydown (change in total debt) over the last four calendar quarters. Horizons ETFs Management (Canada) Inc. (Horizons ETFs) has licensed the S&P/TSX Composite Shareholder Yield Index as the basis for a potential new exchange traded fund for the Canadian Market.

The S&P/TSX Composite Buyback Index is designed to measure the performance of the 50 constituent companies in the S&P/TSX Composite with the highest buyback ratio in the last 12 months. The buyback ratio is defined as the amount of cash paid for common share buybacks in the last four calendar quarters divided by the total market capitalization of common shares at the beginning of the buyback period.

Thursday, September 25, 2014

Eight new exchange-traded notes (ETNs) issued by ETFS Foreign Exchange Limited have been tradable on Xetra since Thursday.  

The eight new currency ETNs allow investors to participate in the performance of currency indices with a leverage factor of five for the first time. The underlying ETNs track the exchange rate movements of the euro to the Australian dollar, Japanese yen, Swiss franc and US dollar. Depending on the ETN selected, investors have the opportunity to benefit from a rising or a falling euro exchange rate. The new products are listed in the attached table with ISIN and total expense ratio. 

Exchange traded notes are passive investment products that track the performance of underlying reference indices. Unlike exchange traded commodities (ETCs), which are also listed on Deutsche Börse, ETNs are based on indices outside the commodities sector. ETCs and ETNs are both types of exchange tradable bond.

Deutsche Börse’s product range in the ETF and ETP segment currently comprises 1,038 ETFs, 223 ETCs and 149 ETNs. This selection, together with an average monthly trading volume of around €10 billion, makes Xetra Europe’s leading trading venue. 

Thursday, September 25, 2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced that the Ontario Securities Commission (OSC) approved ICE Trade Vault as a Canadian Trade Repository to serve the commodity, credit and foreign exchange asset classes. ICE Trade Vault will seek trade repository registration in Alberta once the provincial rules are finalized.

In June 2012, ICE Trade Vault became the first Swap Data Repository in the U.S. to receive provisional regulatory approval from the Commodity Futures Trading Commission. ICE Trade Vault began accepting credit default swaps trade data in October 2012 and commodities trade data in February 2013. In November 2013, the European Securities and Markets Authority approved ICE Trade Vault Europe as a trade repository for the reporting of swaps and futures trade data to meet requirements of the European Market Infrastructure Regulation.

ICE’s proven repository technology for market participants to submit data and will connect to a range of institutions, including clearing houses, Swap Execution Facilities and Designated Contract Markets. Adopting ICE’s repository technology will ensure minimum disruption for participants who can continue to use their existing connectivity to report derivatives data in real-time. New Canadian reporting requirements are scheduled to take effect Oct. 31, 2014.

Wednesday, September 24, 2014

TMX Group announced the successful launch of its high performance equity trading engine, TMX Quantum XA™ on TSX Venture Exchange.

TMX Group's technology team has been recognized around the world for the innovative design and application of TMX Quantum XA. In addition to the Canadian Advanced Technology Alliance Innovation and Leadership Award achievement in May 2014, TMX Quantum XA has also recently been shortlisted as a finalist for two technology awards set for later this year; the Financial World Innovation Awards 2014, in the category of "Most Innovative Application of Technology", and the Information Technology Association of Canada's 2014 Ingenious Awards for "Excellence in the Use of Technology."

Wednesday, September 24, 2014