London Stock Exchange Group (LSEG) has sold nine per cent of its stake in the holding company for the merged Turquoise and Baikal businesses, to three global banking clients. Barclays Bank plc, J.P. Morgan Cazenove and Nomura have each bought three per cent stakes for £1 million in cash each.
The Tokyo Stock Exchange, Inc. (TSE) began calculating and publishing the Tokyo Stock Exchange Dividend Focus 100 Index ("TSE Dividend Focus 100 Index"), a new index focused on dividend yield, on a real-time basis through the market information system (MAINS) on March 8, 2010.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the purchase of the business of North American Energy Credit and Clearing Corp. (NECC), a Chicago-based clearinghouse for the over the counter (OTC) power and gas markets. The NECC transaction closed on March 3. Financial terms were not disclosed.
CME Group, the world's leading and most diverse derivatives marketplace, and the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV), the financial exchange operator in Mexico, announced that they have entered into a strategic partnership that includes an order routing agreement for derivatives products. CME Group has purchased shares in the Mexican exchange valued at $17 million, or approximately 1.9 percent of outstanding BMV shares, as part of the equity portion of the agreement. Additionally, the Control Trust of BMV has granted CME Group the right to nominate a member to BMV Board of Directors and the two exchange operators have signed a memorandum of understanding covering activities aimed at enhancing the partnership between the two exchanges.
Singapore Exchange (“SGX”) announced changes to the structure of the SGX-Derivatives Clearing (DC) Clearing Fund and the SGX-DC Clearing Rules, which will take effect from 10 May 2010. This follows an extensive public consultation exercise in 2009. SGX has incorporated feedback from the market participants and received broad support from its derivatives clearing members in enhancing the Clearing Fund Structure.
JSE Limited’s full year results for 2009, show that the exchange has weathered a year of tough global market conditions well. This resilient performance resulted from rising trade volumes in its cash equity markets and strong performances from several other divisions in the group. The JSE has received international recognition for its handling of the impact of the global financial crisis and the fallout from it in 2009.
The international derivatives exchange Eurex announced that it admitted the first broker headquartered in the People’s Republic of China through its Hong Kong subsidiary. GF Futures (Hong Kong) Co. Ltd. became a trading member of Eurex effective on 3 March 2010.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) launched its WebCenter360 Banking Suite, a competitively priced investor relations website solution built for global, regional and community banks. NASDAQ announced that the WebCenter360 Banking Suite will be powered by data and analytics from Highline Financial, the preferred source for banking information and analytics for the financial sector.
On Wednesday March 3, 2010, in Rio de Janeiro Mr. Edemir Pinto, BM&FBOVESPA’s Chief Executive Officer, formalized the adhesion of the Brazilian Exchange to the agreement entitled “Principles for Responsible Investment” (PRI) – a United Nations initiative developed by leading institutional fund managers and other financial market agents in support of responsible investment. The official signing took place during PRI’s international board meeting, which for the first time ever is being held in Brazil from the 3 rd to the 5 th of March in an event sponsored by (PREVI) the employee pension fund of the Banco do Brasil.
BME will start a new subscription and redemption mutual fund platform after the summer with a view to offering greater transparency, flexibility and accessibility to this type of financial product.