The Chicago Board Options Exchange (CBOE) announced that the Exchange's membership has overwhelmingly approved CBOE's planned demutualization. In a special meeting of the membership held today, there were 870 votes cast in favor of the proposed restructuring transaction, with 34 votes against the proposal and no abstentions. As a result, the demutualization was approved by 96.2% of the CBOE memberships voted, which represents 89.6% of the CBOE memberships entitled to vote. Approval by a majority of the outstanding memberships entitled to vote was required to approve the demutualization.
The Federal Financial Markets Service (FFMS) of Russia and Deutsche Börse signed a Memorandum of Understanding. The cooperation is aimed at exchanging information regarding current legislation in the capital markets, its application and possible changes thereof.
Luxembourg’s central Bank, the Banque centrale du Luxembourg and Clearstream, the Luxembourg-based ICSD today launched LuxCSD, a new central securities depository service for Luxembourg and beyond.
LuxCSD will allow for settlement of securities transactions in central bank money reducing risk for financial market participants.
The consolidated net after tax profits of HELEX in the first quarter of 2010 amounted to EUR9.8m compared to EUR5.8m in the corresponding period last year, increased by 69%.
SunGard and The NASDAQ OMX Group, Inc. are offering new risk analytics for a range of selected NASDAQ OMX indexes, helping investment firms effectively manage financial risk and better respond to volatile markets. Through SunGard's APT, which provides risk modeling, reporting, risk attribution and scenario analysis capabilities, firms will be able to gain greater insight into NASDAQ OMX indexes, in turn helping enhance investment decision making.
Singapore Exchange (“SGX”) signed a Memorandum of Understanding (“MOU”) with the State-Owned Assets Supervision and Administration Commission (“SASAC”) of the Chongqing Municipal Government in China. This is SGX’s first MOU with a provincial SASAC.
The international derivatives exchange Eurex will launch a new options contract based on the EURO STOXX 50® Dividend Points (DVP) future as of 25 May 2010.
The TMX Information Processor, operated by TSX Inc., announced that it is now receiving data from all Canadian equity marketplaces and that it has finalized all requirements needed to launch.
On Thursday, April 29, 2010 a technical cooperation agreement was signed by the Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA, the Environmental Company of São Paulo - (CETESB), the Federation of Industries of São Paulo - (FIESP), and the São Paulo Agency for Investment Promotion and Competitiveness - (Investe São Paulo). The objective of this agreement is to stimulate the development of a greenhouse gas (GHG) credit market in São Paulo. These gases include: carbon monoxide, sulfur oxides, nitrogen oxides, and volatile organic compounds.
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.