The JSE is to introduce cash-settled soybean, soymeal and soybean oil derivative contracts based on CBOT settlement prices licensed from CME Group, the world’s largest and most diverse derivatives marketplace. The new products will allow local farmers, processors and importers to hedge their price risk against the international benchmarks. These contracts will be listed, traded and settled by the JSE, starting Monday 17 May 2010.
BM&FBOVESPA begins trading its cash-settled hydrous futures and options contracts. The new contracts with a price formation from the region of Paulínia, in the state of São Paulo, are authorized for trading with effect from the June 2010 delivery month onwards, under the ticker symbol ETH, from 9:00 a.m. to 3:15 p.m (Brazil time). The size of the contract is 30 cubic meters (30,000 liters), quoted in Brazilian reais and its expiration date in on the last business day of the delivery month. The maximum daily price fluctuation will be 6.5%, which shall be added to or subtracted from the previous day’s settlement price.
The Chicago Board Options Exchange (CBOE) announced plans to begin trading options on the S&P 500® Annual Dividend Index (ticker symbol - DIVD) on Tuesday, May 25, 2010. Initially, two annual expirations - December 2010 and December 2011 - will be listed.
NYSE Euronext announced that, subject to regulatory approval, it will commence clearing its European securities and derivatives business through two new, purpose-built, clearing houses based in London and Paris in late 2012. LCH.Clearnet Ltd in London and LCH.Clearnet SA in Paris have been informed that NYSE Euronext’s current contractual arrangements for clearing with them will terminate accordingly at that time. No termination fees or penalties will be payable.
The first foreign issuer for primary listing, Integrated Memory Logic Limited (IML) is going to be listed on the TWSE on May 18, 2010.
Net profit of $74.6 million for the third quarter of its financial year 2010, up 35% from 3Q FY2009
Results for the first quarter of 2010, EPS Of $1.36, Up 39%
The Johannesburg Stock Exchange (JSE) is close to launching on-exchange anonymous trading functionality. Called Block X, it will allow for complete anonymity in the execution of large trades through hidden order functionality in the central order book.
The Istanbul Stock Exchange (ISE) introduces a new market segment under the Bonds and Bills Market, called “Offerings Market for Qualified Investors”, aimed at offering new financing opportunities for the ISE-traded companies.
The Istanbul Stock Exchange (ISE) introduces a new index jointly with the Industrial Development Bank of Turkey (TSKB), the first private investment and development bank in Turkey. With “TSKB Energy Index”, TSKB aims to offer an alternative investment instrument in Turkey, reflecting its professional know-how on the energy sector in the capital markets. The Index is the first of its kind in Turkey and is launched on May 3, 2010.