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
London Stock Exchange Group announced a new, simplified fee structure for trading on its UK order books. The new structure, to be introduced from 1 September, will deliver benefits to a broad cross section of the Exchange’s diverse customer base.
NZX has completed the sale of the assets of the TZ1 Registry business to global financial services company Markit.
The new rules and regulations for listing at SIX Swiss Exchange enter into force on 1 July 2009. At the same time, SIX Exchange Regulation is going live with its own website containing a large number of new functional features for its primary stakeholder groups: issuers, participants and investors.
Neonet, the global provider of agency brokerage services and trading technology, announces that its European Consolidated Market Data powers NASDAQ OMX's analysis tool Market Replay Europe.
Clearstream, the International Central Securities Depository part of Deutsche Börse Group, has opened an account with the Korean Securities Depository (KSD) to provide settlement and custody services for foreign investors intending to hold Korean government debt instruments including Korean Treasury bonds (KTB) and Monetary Stabilization Bonds (MSB).