The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published a report entitled Authorities' access to trade repository data.
BM&FBOVESPA S.A. (BVMF3) reported second quarter earnings ending June 30, 2013. Record volumes in both the equities and derivatives segments as well as growth in non-trading items delivered a boost in revenue. In addition, continued expense control during the quarter contributed to the double-digit improvement in operating performance over the prior year.
With effect from 10 September, the international derivatives market Eurex Exchange will launch options on futures that are based on notional long-term bonds issued by the French Republic (“Obligations Assimilables du Trésor” – OAT) with a notional coupon of 6 percent and a remaining maturity of 8.5 to 10.5 years. The minimum price change (tick size) is measured in points and, as with the Bund options, equals 0.01, corresponding to a tick value of 10 euros.
Trading hours are from 8 a.m. to 5.15 p.m. CET.
The International Securities Exchange (ISE) announced that ISE GeminiTM, ISE's second options exchange, successfully completed its first day of trading yesterday. ISE Gemini launched trading with six symbols -- Walt Disney Co. (DIS), NetApp Inc. (NTAP), Texas Instruments Inc. (TXN), Goldcorp Inc. (GG), NVIDIA Corp. (NVDA), and Dow Chemical Co. (DOW) -- and plans to add additional products over the next several weeks until it has ultimately listed all of the most active options classes. The new exchange offers maker-taker pricing combined with ISE's patented pro-rata and customer priority market structure.
IntercontinentalExchange (NYSE: ICE) announced that several leading market participants will support the development of markets on ICE Swap Trade, ICE's credit default swap (CDS) execution facility that is expected to be introduced in the third quarter of 2013.
Second Quarter Financial Highlights
- Record Quarterly Results
- Operating Revenue Increases 14 Percent to $150.8 Million
- GAAP Net Income Allocated to Common Stockholders Increases 20 Percent to $45.5 Million; Diluted EPS of $0.52
- Adjusted Net Income Allocated to Common Stockholders Up 24 Percent to $47.0 Million(1); Adjusted Diluted EPS of $0.54
- GAAP Operating Margin Expands by 20 Basis Points to 50.0 Percent; Adjusted Operating Margin Up 140 Basis Points to 51.2 Percent
Adel Saleh Al-Ghamdi began his work as Chief Executive Officer of the Saudi Stock Exchange (Tadawul) on Monday, 1 July 2013, succeeding Mr. Abdullah S. Alsuweilmy, who recently left his position. Tadawul’s board has expressed its sincere thanks and appreciation to Alsuweilmy for his achievement and contribution whilst also wishing Al-Ghamdi all the best in his new position.
NASDAQ OMX Commodities and Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that they have entered into a strategic alliance (the Alliance). The Alliance involves the NASDAQ OMX US physical energy entity, NASDAQ OMX Commodities Clearing Company (NOCC), a wholly-owned subsidiary of The NASDAQ OMX Group, Inc., and the physical energy exchange and clearinghouse of NGX, which serves more than 250 contracting parties in the US and Canada.
The NASDAQ OMX Group (Nasdaq:NDAQ) has entered an agreement with Bahrain Bourse (BHB) to upgrade its current trading platform. Under the terms of the agreement, Bahrain will replace its existing NASDAQ OMX platform (Horizon) with one powered by the industry leading X-stream technology. Additionally, BHB has reconfirmed its commitment to NASDAQ OMX's post-trade solution. The upgrade is estimated to be rolled out by late 2014.
On July 8, 2013, Moscow Exchange launches the next stage of T+2 implementation on its Securities Market by extending the list of eligible shares from 15 to 50 names. All sovereign bonds (OFZs) issues have been available for T+2 since March 25, 2013. Parallel trading with T+0 settlement will be available for all T+2 eligible securities until August 30, 2013. All other shares traded on the Moscow Exchange will migrate to T+2 on September 2, when T+0 settlement for all shares, Russian depositary receipts (RDRs) and OFZs will end.