FTSE Group, the global index company, has been selected by India’s new stock exchange, MCX-SX, as its preferred index provider. The two organisations signed a co-operation agreement in Mumbai today and pledged to collaborate to bring a new and broader range of domestic and international indices to the Indian market.
At a meeting held July 2, 2009, the Tel Aviv Stock Exchange (TASE) Board of Directors decided to shorten the trading in shares, bonds and treasury bills by two minutes.
A new db x-trackers index fund from Deutsche Bank’s ETF offering has been admitted to trading on Xetra®.
Bursa Malaysia announced that effective 3rd August 2009, the trading halt of stocks for the purpose of disseminating material announcements by listed companies will be shortened to one hour from one trading session currently.
At the Taiwan Futures Exchange (TAIFEX) Board Meeting held on July 23, Mr. Joseph Tsai was elected as the Chairman of the Board.
The JSE launched equity options for retail investors. Retail Equity options include Single Stock Options on the top twenty companies in the FTSE/JSE Top 40 Index and Index Options on the Top 40 Index itself.
Eurex Clearing, Europe’s largest central counterparty (CCP), announced that Eurex Credit Clear, its new central counterparty solution for credit default swaps (CDS), will be operational by 27 July and start clearing on 30 July 2009.
CME Group announced the launch of clearing services for nine new petroleum swap futures contracts. Clearing will be available through CME ClearPort((R)), a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes, beginning on August 2 for trade date August 3.
Singapore Exchange Limited (“SGX”) announced further measures to advance the transition progress of Catalist Non-sponsored (“NS”) companies for the development of Catalist, its sponsor-supervised board for fast growing companies. The measures serve to provide financial assistance and time relief to Catalist-NS companies in view of the prevailing economic conditions.
Bursa Malaysia announced the revised tick size structure, which will see a smaller tick size, and is planned for implementation on Monday, 3 August 2009.