The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that it has signed a commercial contract with BM&FBOVESPA (BM&FBOVESPA:BVMF3) regarding global distribution of market data and the provisioning of NASDAQ OMX products and corporate services to public companies in Brazil. The contract confirms terms regarding market data and corporate services covered in the previously announced Memorandum of Understanding entered between the two companies on Oct. 23rd, 2009.
In order to enhance the standardized operation of listed companies, protect the legitimate rights and interests of investors, especially small-medium investors, the SZSE recently has launched the “Interaction Platform for SZSE-listed Companies and Investors Relation”. The establishment of the platform will provide an important channel for direct communication and dialogue between listed companies and investors, benefit the optimization of the relations between public investors and listed companies and facilitate investors to widely participate in the corporate governance.
The Shanghai Stock Exchange (SSE), shortly after celebrating its 19th anniversary, signed the memorandums of strategic cooperation (MOSCs) with six websites, namely Sina, Sohu, 163, QQ, Hexun and Eastmoney. It was the first time, after the establishment of strategic partnership with Xinhua News Agency last year, the SSE had announced the high-level strategic cooperative relationship with network media.
The Tokyo Stock Exchange made a resolution regarding "Implementation of Special Measure in Relation to Method for Determination of Initial Price, etc. of Initial Listing Issues" at the board meeting held on December 22, 2009.
WFE has responded to a public inquiry by the International Federation of Accountants on valuing complex financial instruments. Not all markets are the same. An organized, regulated market provides access for all kinds of actors to submit bid and ask prices for securities, and for the market depth to be seen in the trading book. The experience of the last two years shows the point: OTC largely froze up, while exchanges maintained their operations. Accountants should give preference to the public market price.
Dubai Financial Market, PJSC (“DFM”) announced that it has made an offer to Borse Dubai Ltd. (“Borse Dubai”) and The NASDAQ OMX Group Inc. (“NASDAQ OMX”) enabling DFM to acquire 100% of NASDAQ Dubai. The aim of this transaction is to widen DFM’s asset classes for investors, to allow the company’s shareholders to benefit from the future growth of NASDAQ Dubai and to further develop closer operational links between the two exchanges. The ownership structure will create a dynamic new force in the region’s capital markets.
The international derivatives exchange Eurex announced that it will offer futures contracts based on particular dividends of individual shares from 11 January 2010. Eurex will launch Dividend futures on the constituents of the Dow Jones EURO STOXX 50. Following the successful introduction of the index dividend futures on the Dow Jones EURO STOXX 50 in June 2008, Eurex further expands its offering.
Oslo Børs is to reduce its fees for derivatives trading with effect from 1 January 2010. The changes are being made to improve competitiveness and help to encourage increased activity in order to facilitate growth in the derivatives market.
The Brazilian Securities, Commodities and Futures Exchange will begin, on 4 January 2010, to calculate and disclose the BM&FBOVESPA Financial Index, in real-time. This is the Exchange’s 15th stock index and it will trade under the ticker symbol IFNC.
Based on the market feedback, it has been jointly decided by BSE & NSE that the revision of market open timing to 9 a.m. shall be effective from Monday, January 4, 2010.