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.
Based on the market feedback, it has been jointly decided by NSE & BSE that the revision of market open timing to 9 a.m. shall be effective from January 4, 2010.
Corvil announced that Deutsche Börse Systems, the IT subsidiary of Deutsche Börse AG, has successfully deployed a precision latency monitoring and reporting service for Xetra and Eurex market participants.
London Stock Exchange Group plc (LSEG) and Turquoise Trading Limited (Turquoise) today announced their agreement to create a new pan-European trading venture through a merger of the businesses of Turquoise and Baikal Global Limited (Baikal).
CME Group, the world's largest and most diverse derivatives marketplace, announced that it is expanding its international electronic trading fee incentive programs to provide clients outside of North America with greater access to COMEX metals futures products. The extension will apply from January 1, 2010, to participants in the International Incentive Program (IIP), the Asia Pacific Incentive Program (AIP), the South American Incentive Program (SAIP), the Latin American Commercial Incentive Program (LACIP), and the Latin American Fund Manager Incentive Program (FMIP). These programs will run through December 31, 2010.