The German Power Initiative, aimed at making the German power market more transparent, liquid and cost effective, continues to receive strong market support. To date, 10 liquidity providers, 3 brokers and 1 market maker have signed on, since NASDAQ OMX Commodities invited members to participate in March. The German Power initiative is part of NASDAQ OMX’s overall commodities strategy to leverage its best in class technology platform and expand its presence in the three largest power markets in Europe.
REGIS-TR, the European Trade Repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME), and National Settlement Depository (NSD), the Russian Central Securities Depository, have signed a Memorandum of Understanding (MOU) to intensify their cooperation on the mutual exchange of information. The MOU addresses the development of communication channels and a cooperative relationship for the purpose of supporting and advancing the development of both organisations’ repository systems.
NYSE Euronext (NYX) announced the opening of EnterNext®, its marketplace for SMEs. This new subsidiary is dedicated to companies that have a capitalisation of under €1 billion and already covers over 750 SMEs listed on the regulated market of NYSE Euronext and on NYSE Alternext. With a bold strategy and a NYSE Euronext proven capacity to deliver, EnterNext® has been designed to facilitate the financing requirements and development of European SMEs that operate regionally, nationally and internationally.
On May 27, 2013 the Moscow Exchange will launch the Blue-Chip Index, the benchmark tracking performance of most liquid and highly capitalized securities of 15 Russian issuers.
From Monday 10 June 2013, Turquoise Derivatives, part of London Stock Exchange Group (LSEG), will offer trade reporting in 19 UK single stock options. The underlying stocks are predominantly constituents of either the FTSE 100 or FTSE 250. The new products will clear through LCH.Clearnet Ltd, alongside the current derivatives offering. Until the end of September 2013, no trade reporting, clearing or expiry fees will be charged.
Frankfurt Stock Exchange is now measuring the expectations of private investors for the first time with its Bull/Bear Index. Until now, the indicator only measured the expectations of institutional investors. The survey has now also been extended to include questions on individual securities and point forecasts. In cooperation with Comdirect Bank, around 600 selected private investors provide weekly information on whether they are optimistic or pessimistic about the market. The data is collected every Wednesday and available from 6 p.m. on the website www.boerse-frankfurt.de under “Sentiment Indicators”.
The Vienna Stock Exchange launches a new index, the “ATX Global Players”, which tracks companies that are world market leaders in their niche. The index is calculated and published in euro in real time. The ATX Global Players comprises those companies of the prime market that have at least 20% of sales revenues from outside Europe. The selection is made once a year (in September) and there are no restrictions as to the number of inclusions or removals from the index. The maximum index weighting per company is limited to 20%. The sectors with the highest weightings in the index are: manufacturing technology & machinery (37%), mining & metals (24%), chemicals (11%), petroleum & natural gas (11%).
SIX Financial Information has launched an Income Distribution Service to provide timely and accurate dividend information. During the development phase, SIX worked closely with a client based working group to design a service tailored to the industry’s requirements. A number of leading financial institutions have already subscribed to the new offering.
- Revenue of $172.2 million in Q1/13
- Diluted earnings per share of 70 cents in Q1/13
- Adjusted diluted earnings per share of 78 cents, excluding 3 cents per share of Maple transaction and integration costs, 16 cents per share of amortization of intangible assets related to acquisitions, and 11 cents per share related to reduction in income tax expense due to recognition of deferred income tax asset
- Cash flows from operating activities of $57.7 million in Q1/13
Japan Securities Clearing Corporation, a subsidiary of JPX, and Japan Government Bond Clearing Corporation, an affiliate of JPX, started discussions on a merger as disclosed in the release "Start of Discussions on Merger between Japan Securities Clearing Corporation and Japan Government Bond Clearing Corporation" dated March 7, 2013.