BM&FBOVESPA launches an unprecedented product in Brazil on October 5, 2010. As of this date, the exchange will offer investors unsponsored Level 1 Brazilian Depositary Receipts (BDRs) - receipts for foreign shares. This first lot is for BDRs representing 10 companies: Apple Inc., Google Inc., Bank of America Corporation, Arcelor Mittal, Goldman Sachs Group Inc., Avon Products Inc., Wal-Mart Stores Inc., Exxon Mobil Corporation, McDonald’s Corp. and Pfizer Inc. . All of these are listed on U.S. exchanges. Germany’s Deutsche Bank S.A. is the financial institution responsible for the issue of these receipts.
As of Monday, 11 October, around 700 corporate bonds will again be tradable via the fully electronic trading system Xetra. Due to an interim injunction issued by the Frankfurt Regional Court on 5 January, the securities had to be suspended from Xetra trading. Following the court hearing on 5 October, the Higher Regional Court of Frankfurt lifted the interim injunction issued by the Frankfurt Regional Court.
NYSE Technologies, the global commercial technology unit of NYSE Euronext, and Grupo Bolsa announced that the cash market operated by the Mexican Stock Exchange, BMV, and the derivatives market operated by MexDer have successfully completed the rollout of the NYSE Technologies Common Customer Gateway (CCG). As the NYSE Technologies flagship FIX connectivity solution, CCG offers robust and scalable connectivity to customers with one common front end, enhancing speed and efficiency in trading across markets and asset classes.
TMX Group Inc. announced that it has submitted regulatory filings to create a new alternative trading system (ATS). TMX SelectTM, which is a wholly-owned subsidiary of TMX Group, will offer a visible marketplace for trading equity securities. The new trading system will operate on TMX Group’s high-performance TSX Quantum® trading platform, with functionality and pricing models separate and distinct from Toronto Stock Exchange and TSX Venture Exchange.
Bombay Stock Exchange on 21 September launched mobile-based trading at the ‘Opening Bell’ ceremony in the august Convention hall of BSE.
Istanbul Stock Exchange (ISE) has announced a series of new practices that will come into force gradually in the Stock Market, starting from October 1, 2010
The Board of Directors of the Athens Exchange approved the enrichment of the technological services provided by ATHEX for order routing to ATHEX markets and the X-Net Network.
BM&FBOVESPA implemented on September 27 a new +/- 15% limit on price fluctuations in shares, ETFs and other assets traded on the spot market. Named the intraday limit, the new tool will establish minimums and maximums, based on a reference price for each asset.
The Vienna Stock Exchange launched three new indices : ATX Net Total Return (ATX NTR), CECE Net Total Return (CECE NTR) and RDX Net Total Return (RDX NTR). All three indices are so-called net dividend indices: these are capitalization-weighted performance indices in which the net dividend (gross dividend after deducting any country-specific taxes and charges) is reinvested. This means that the indices reflect the complete development of the value of the underlying stock portfolios. The composition of the new indices corresponds to those of the ATX, the CECE Composite and the RDX.
NYSE Euronext (NYX) released the final report of the NYSE–sponsored Commission on Corporate Governance. The Commission on Corporate Governance, chaired by Larry W. Sonsini, Chairman of Wilson Sonsini Goodrich & Rosati, is a diverse and independent commission established in the fall of 2009 to examine core governance principles that could be widely supported by issuers, investors, directors and other market participants.