The Chicago Board Options Exchange (CBOE) announced that on Friday, June 4, 2010, it will begin trading new Weekly options on four exchange traded funds (ETFs) - Standard and Poor's Depositary Receipts (SPY), Nasdaq-100 Index Tracking Stock (QQQQ), DIAMONDS Trust, Series 1 (DIA), and iShares Russell 2000 Index Fund (IWM).
The NASDAQ OMX Group, Inc. ("NASDAQ") (Nasdaq:NDAQ) announced that the Company has entered an exclusive partnership with FactSet Research Systems Inc. ("FactSet"), a leading provider of integrated financial information and analytical applications to the global investment community. Under the terms of the partnership, FactSet will enhance its corporate platform by leveraging NASDAQ OMX's Corporate Intelligence product, creating a complete macroeconomic research solution with in-depth data and flexible analytics.
Singapore Exchange (SGX) announced a $250 million plan to strengthen Singapore’s position as the best market for accessing Asia.
This new initiative – Reach – will create the world’s fastest trading engine with the lowest trading latency, establish a world-class data centre for SGX and seamlessly connect trading communities in global financial hubs to Singapore. Reach will be rolled out from the first quarter of 2011.
The NASDAQ OMX Group (Nasdaq:NDAQ) announced that it intends to propose detailed rules to modify existing rules surrounding "stub" quotes within the Nasdaq Stock Market's market-maker and select market-maker programs to more effectively serve market participants, investors and listed companies. The decision is in response to some of the market events that occurred on May 6th that led to the use of "stub" quotes being executed against due to liquidity that was absorbed by selling pressure.
Oslo Børs VPS / Oslo Clearing successfully launched a central counterparty (CCP) for clearing of trades in five selected shares listed on Oslo Børs on Friday. This represents a “soft launch” of a CCP for equities prior to the launch of CCP clearing for all equities, equity certificates and ETFs traded on Oslo Børs and Oslo Axess. This is planned to take place on 18 June.
New trading modes involving a central party and based on preliminary partial deposition of funds and T+n settlements (the “MICEX +” project) were launched in the MICEX stock market on 15 February, 2010. The new trading modes were added to the existing ones. The MICEX acts as the central counterparty (CC) for all transactions conducted in the new modes.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that it will deliver an ultra low latency trading platform to Singapore Exchange (SGX). The new trading platform, named SGX Reach, will be powered by NASDAQ OMX's Genium INET, the fastest trading technology in the world. SGX's migration to the new trading platform will commence with cash equities in 2011.
In line with the imminent end of the listed companies fulfillment of NILEX listing rules which permits the trading of the company's shares, EGX management - after a series of successful mock sessions with more than 2,300 transactions in which all the listed brokers have participated- will commence the trading in the small and mid cap companies market starting Thursday 3rd of June. This is a step to allow the companies listed on NILEX to complete the offering of 10% of its shares in accordance with NILEX listing rules. In addition EGX asked the companies listed on NILEX to submit its disclosure reports to commence trading of its stocks according to the rules organizing the capital markets. The disclosure report should include the company's basic information, its area of activity, current investments, board members and their shares in addition to the financial situation of the company. Moreover, the Egyptian Exchange will publish the disclosure reports on the trading screens to allow all the investors to know the companies' financial status.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that it has received the necessary regulatory approval for the completion of its acquisition of Nord Pool ASA.
Investors can use HTS programs developed by the Korea Exchange (KRX) member securities and derivatives companies for the trading of KOSPI 200 Futures on CME’s Globex from June 7, 2010. Currently investors are only allowed to use GTS, a HTS program specially designed for the KRX USG which connects KRX, its members and Globex system.