Tokyo Stock Exchange (TSE) will increase the frequency of distribution for the indices which it calculates, such as TOPIX, to 1 sec., and, additionally, launch a new High-Speed Index Dissemination Service provided at the millisecond level.
With the advancement of financial technology and the spread of new trading methods, such as algorithmic trading, the market environment is evolving. In order to respond to these developments, TSE introduced a "co-location service" in May 2009 and launched the next-generation trading system "arrowhead" on January 4th of this year. Continuing this trend, the high-speed service will also be introduced as a further improvement to TSE's services.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the introduction today of two new Sharia-compliant indexes based on two of the world's most widely-followed benchmarks: The NASDAQ-100 Index(R) (Nasdaq:NDX) and the OMX Stockholm Benchmark Index (OMXSB). The new NASDAQ-100 Sharia Index(SM) (N100SI) and the OMX Stockholm Benchmark Sharia Index(SM) (OMXSBSHARIA) are the first of a new family of indexes launched by NASDAQ OMX Global Index Group that are designed to serve investors who wish to develop and maintain an Islamic investment portfolio.
The Vienna Stock Exchange will calculate two new fundamental indices: The CECE Fundamental and the CEETX Fundamental, which contain companies included in the CECE Index and in the CEESEG Traded Index (CEETX), respectively. The index weighting is determined by the following indicators: Total capital yields, gross dividend yield and price-to-book value ratio.
Singapore Exchange (SGX) has successfully launched Asia’s first dividend futures contract, the Nikkei Dividend Point Index Futures contract.
The Board of Directors of Hellenic Exchanges SA (HELEX) has decided to modify the fees that it charges to investors, listed companies, brokerage companies and custodians, with the aim of improving the competitiveness of the Greek capital market. At the same time, HELEX is providing motives to brokers to increase the penetration of the new services offered by the Group. These changes will go into effect on the 1st of July 2010.
CME Group, the world’s leading and most diverse derivatives marketplace, announced the launch of trading and clearing services for iron ore 62% Fe, CFR China (TSI) swap futures, reflecting changing dynamics in the global ferrous industry. Trading will be available on the New York trading floor. Clearing services will be available through CME ClearPort®, a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. Trading and clearing are scheduled to begin on July 11 for trade date July 12. These contracts will be listed by NYMEX and subject to the rules and regulations of NYMEX and CME.
OSE will extend the trading hours of Evening Session until 23:30 from Tuesday, July 20, 2010 in order to improve convenience for investors.
On June 17, 2010 options and single stock futures were settled through unified settlement technology implemented on FORTS and RTS Standard.
EasyETF is launching an ETF on the S&P 500 listed on NYSE Euronext in Paris. EasyETF S&P 100 will change its underlying index and become EasyETF S&P 500. The tracker is capitalising on the recent opening of the S&P 500 licence to European ETF issuers and broadening its coverage of the North American equity market.
The international derivatives exchange Eurex has been launched Eurex Innovate recently, its new ideas and discussion forum for customers and people interested in financial markets and derivatives. The aim of the online forum – https://innovate.eurexchange.com – is to initiate and promote a web-based network to exchange information about product innovations on Eurex and to discuss events of financial and derivatives markets.