The Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA is setting up a representative office in London. The objective of the office is to promote the Brazilian equities and derivatives markets in Europe, Africa, and the Middle East. Besides the new office in the British capital, the Exchange also has representative offices in New York and Shanghai.
The European Energy Exchange (EEX) and the international derivatives exchange Eurex are expanding their cooperation. As of 25 November 2009, Eurex customers will also be able to trade and clear EEX power derivatives via their existing Eurex access. The new products in the cooperation comprise Phelix Baseload Futures and Options and Phelix Peakload Futures and Options.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and BM&FBOVESPA announced that the two companies have entered into non-binding memoranda of understanding on terms for a commercial partnership including trade order routing, distribution of products and services for public companies, and global distribution of market data. Additionally, NASDAQ OMX and BM&F BOVESPA will continue discussions around cooperation on technology opportunities.
NASDAQ OMX Nordic, part of the NASDAQ OMX Group, Inc, announces the timetable for implementing European harmonized tick sizes for the most liquid shares on its exchanges in Stockholm, Helsinki and Copenhagen. The new tick size regime for the constituents of the main Nordic tradable indices will be implemented on NASDAQ OMX Stockholm on October 26, followed by the Helsinki and Copenhagen equity markets on January 4, 2010.
Recent stories in the press have highlighted the practice of “dark pool trading”, which allow the matching of large blocks of shares without prices being revealed until after trades are completed, and the position taken by the World Federation of Exchanges (WFE) on this subject.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that NASDAQ OMX Futures Exchange (NFX), the exchange's U.S. based futures market, has partnered with IKON Global Markets, a leading global Futures Commission Merchant.
Deutsche Börse announced the transition of its model for professional and commercial use of its indices. The previous licenses for the indices are to be replaced by use-based access to the main index parameters as of 1 January 2010.
Under the name CONNEXOR, SIX Group plans to expand its Web-based reference data infrastructure. Thanks to this new online platform, issuers can compile their reference data centrally in standardized form and then have it disseminated electronically to all stakeholder groups. As a result, CONNEXOR offers market participants greater efficiency, first-rate reference data quality and simplified comparability of financial products.
The Korea Exchange plans to launch the nighttime trading of KOSPI200 futures after the closing of regular session from November 16, 2009.
The trading hours of nighttime session of KOSPI200 futures, which has been launched in collaboration with US CME Group, are from 18:00 to 05:00 on the following day.
LCH.Clearnet Limited and Oslo Clearing ASA together with Oslo Børs ASA have signed a memorandum of understanding (MOU) to launch clearing for the Oslo Børs market, and, in addition, to explore potential opportunities for future collaboration.