The international derivatives exchange Eurex and Wiener Börse AG announced today that they plan to enter into a technical cooperation which entails Wiener Börse operating its derivatives market on the Eurex system with effect from March 2010, thereby replacing the current OMex® system. The Austrian market will remain autonomous with its own market surveillance and supervision.
As a private initiative towards adoption of International Financial Reporting Standards (IFRSs), IFRS Concil is established as agreed by market constituents and supported by the FSA.
NASDAQ OMX Europe announced that it will provide order routing functionality to non-displayed markets from its "lit" (displayed) book, including routing to NEURO Dark.
The Business Accounting Council (BAC), a key advisory body to the Commissioner of the Financial Services Agency (FSA), published the "Interim Report: Application of International Financial Reporting Standards (IFRSs) in Japan" on June 30, 2009. Japan has now taken a key step forward toward IFRS adoption.
Deutsche Börse expands its range of real-time services, thus increasing transparency for private investors. The investor portal www.boerse-frankfurt.de now offers real-time insight into the order book of the fully electronic trading system Xetra.
The international derivatives exchange Eurex announced that it will launch wind damage futures (hurricane futures) with binary payouts on 29 June 2009. The introduction represents another milestone in Eurex’s strategy to expand into new asset classes as it extends its offering with these products into catastrophe derivatives. The new contracts have been designed in close cooperation with market participants.
Since March 2009, FESE has been in negotiations with LIBA and some MTFs to harmonise the tick size regimes in Europe (which currently stand at approximately 25 across the EU) in the interest of achieving benefits to the markets, users and investors by simplifying the complexity and number of regimes in place.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the launch of Market Replay Europe, a powerful tool that enables market participants to replay and analyze European market activity in simulated real-time. NASDAQ Market Replay Europe helps brokers decrease MiFID compliance costs while enhancing customer service for their clientele.
The Central Securities Depositories (CSDs) Hellenic Exchanges (Greece) and Iberclear (Spain) on 29 June successfully connected to Link Up Markets, a joint venture between 8 Central Securities Depositories created to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions in Europe.
Open outcry trading floor will undergo redesign and be open for public visitation