Bolsas y Mercados Españoles (BME) and Clearstream announced that the first European trade repository created by both partners will be called “REGIS-TR”. The system will collect and administer details of all OTC transactions reported by users and give market participants and regulators access to a consolidated global view of these OTC derivative positions – an overview that is currently not available but sought for by regulators. REGIS-TR is aimed at complying with transparency requirements of future European regulations.
The Stock Exchange of Thailand (SET) launches Streaming Pro, the latest real-time trading application to satisfy online trading customers, with double faster booting time, using new quick key techniques for faster transmission of trading orders. This application will support multi-market trading, or trade equities and futures on one application, with a clearer information display than before and a Thai menu.
NYSE Technologies, the global commercial technology unit of NYSE Euronext, announced the launch of Order Routing DirectSM, its new, fully-managed point-to-point order routing service. Order Routing Direct uses patent-pending network technology that allows customers to seamlessly connect directly via FIX protocol with their trading counterparties and doesn’t require routing back to a centralized hub.
The Spanish stock exchange launched trading in two new exchange traded funds (ETFs) which, for the first time in Spain, are linked to commodities as underlying assets. The new exchange traded funds were issued by Lyxor Asset Management. With these, there are now 43 ETFs listed on the Spanish stock exchange.
On 21st July 2010, Korea Exchange’s proposal on new ‘Auction-based Block Trading Service (hereinafter “A-Blox”)’ for its Securities markets (KOSPI Market & Kosdaq Market) has been approved by Financial Services Commission. Key functions of this new service will be anonymous liquidity pool and VWAP transaction mechanism which are designed to accommodate large lot trading demands in the market. After having system implementation and market notification period, the new rules on ‘A-Blox’ will become effective as of 29th November 2010.
Exchanges across the globe saw the value of their indexes drop an average of 11.5% in USD terms in the first six months of the year, according to figures released from the World Federation of Exchanges (WFE).
The London Stock Exchange announces a pricing promotion to incentivise private client brokers to offer customers the ability to direct their business straight onto the Exchange's order books. It is the latest in a series of measures designed to encourage the introduction of services which allow private investors to participate more directly in its markets.
BM&FBOVESPA has announced that as of August 2, 2010 the round lot for index funds or ETFs (Exchange Traded Funds) will be reduced from 100 units to 10 units, which means that the minimum value needed to invest in this product will be ten times less than it was. For example, a round lot for the ETF BOVA11, which mirrors the Bovespa Index, based on its closing price on July 19, would be reduced from BRL6,280.00 to BRL628.00. The objective of this round lot reduction is to increase the trading potential of these funds especially for individual investors.
The International Securities Exchange (ISE) announced that it has introduced Do Not Route (DNR) orders for both priority and professional customers. This new order type allows ISE’s customers to indicate that they want to cancel their options orders rather than have them routed to another exchange if the National Best Bid or Offer (NBBO) is not posted at ISE.
Bursa Malaysia Berhad (Bursa Malaysia) registered a profit of RM55.5 million for the half year ended 30 June 2010, a 10% increase compared to the profit of RM50.5 million for the corresponding period last year.