The National Stock Exchange of India (NSE), the largest stock exchange in India, and CME Group, the world’s leading and most diverse derivatives marketplace, announced cross-listing arrangements, including license agreements covering benchmark indexes for U.S. and Indian equities. The parties have also entered into a Memorandum of Understanding with respect to other areas of potential co-operation, including related to development and distribution of financial products and services.
European trading platform offers additional securities from markets already connected - additional ten countries to also be covered
The first phase of New York Stock Exchange’s next-generation trading floor went live today, with traders working for the first time from a workspace custom redesigned for the NYSE’s blend of high-tech, high-touch trading.
The Chicago Board Options Exchange (CBOE) announced that it has entered into a license agreement with CME Group that extends the reach of CBOE's volatility franchise. CBOE will apply its proprietary CBOE Volatility Index® (VIX®) methodology to price data of, initially, up to five products that will be listed on one of CME Group's exchanges and create new volatility benchmark indexes that it will license for use to CME Group. CBOE also will disseminate real-time data on the new benchmark indexes to CME Group and industry data providers.
Clearstream, the international central securities depository (ICSD) within Deutsche Börse Group, has opened two new direct links with Bulgaria and Romania helping foreign investors to access these markets.
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.