Singapore Exchange Limited (SGX) and a group of its Trading Members are pleased to announce the official launch of the Association of Financial and Commodity Traders (Singapore) (AFACT). The association aims to create a unified platform to represent the interests of professional derivatives traders with SGX membership, previously known as ‘locals’, and improve the knowledge, efficiency and understanding of the financial industry through increased interaction with market practitioners and joint collaboration with industry partners.
CME Group Inc. (Nasdaq: CME) reported that second-quarter GAAP total revenues increased 15 percent to $648 million, and GAAP operating income increased 16 percent to $399 million.
The Spanish stock market regulator, CNMV, has approved the conversion of the Public Debt electronic trading platform SENAF into a Multilateral Trading Platform (MTF) as well as the Regulations that govern it.
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have set up a working group to review the application of the 2004 CPSS-IOSCO Recommendations for Central Counterparties to clearing arrangements for over-the-counter (OTC) derivatives.
AboveNet, Inc.,(NYSE: ABVT),a leading provider of high-bandwidth connectivity solutions, announced that it is working with NYSE Euronext (NYX) to build fiber optic networks connecting NYSE Euronext’s new data centers being built in the greater New York and London metropolitan areas.
The Board of Directors of Singapore Exchange Limited (“SGX”) is pleased to announce the appointment of Mr Magnus Böcker as Chief Executive Officer of SGX with effect from 1 December 2009. Mr Böcker’s appointment is for an initial term of three years.
Start of trading on 20 July 2009 with four agricultural futures.
The international derivatives exchange Eurex expanded its product range to include the agricultural derivatives asset class.
CME Group Inc. announced the launch of clearing services for over the counter (OTC) London gold forwards. Clearing services will be available through CME ClearPort((R)), a set of flexible clearing services open to OTC market participants to substantially mitigate counterparty risk and provide capital efficiencies across asset classes.
Bursa Malaysia Berhad (Bursa Malaysia) reported a higher net profit of RM35 million for the second quarter ended 30 June 2009, a 22% jump compared to RM28.6 million profit recorded in the second quarter of 2008.
The Exchange Chamber approved changes valid as of 15th July, 2009.