CBOE Futures Exchange, LLC (CFE®) announced plans to expand CBOE Volatility Index® (VIX® index) futures trading hours — currently 7:00 a.m. CT to 3:15 p.m. CT -- in two phases, beginning in May.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Market Quality Program (MQP) will launch in the second quarter of 2013. MQP is an optional listing program that allows exchange traded fund (ETF) issuers to contribute funds to the Exchange that may be used to pay market makers that improve the liquidity and quality of the markets in MQP products. This groundbreaking liquidity and market quality incentive program in the U.S. will be available only on The NASDAQ Stock Market, the largest and most liquid cash equities market on the planet, and has been approved by the Securities and Exchange Commission on a pilot basis.
To guide and rationalize shares repurchase by listed companies through auction trading, safeguard the securities market order, and protect legal rights and interests of investors and listed companies, the Shanghai Stock Exchange (SSE) has revised the “SSE Business Guidelines for Shares Repurchase by Listed Companies through Auction Trading” (Shang Zheng Shang Zi  No. 106 Document).
Moscow Exchange (MOEX) announces its financial results for the year ended December 31, 2012. Higher volumes on FX and Money Markets as well as increased interest income resulted in strong growth in revenues and net income year-over-year.
From the 1st April 2013 South Africa will implement a local Real Estate Investment Trust (REIT) regime that will usher in a new era for the listed property sector. From this date all property companies currently listed on the JSE either property loan stocks or property unit trusts will convert to a REIT structure and any new listings in this sector will have to comply with JSE REIT listing requirements.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced it has entered into an agreement with BGC Partners, Inc. to acquire the eSpeed platform for a purchase price of $750 million in cash plus certain contingent issuances of stock that approximate certain tax benefits to NASDAQ OMX. eSpeed operates a fully executable central limit order book for electronic trading in U.S. Treasuries, which will give NASDAQ OMX a strong entry point in the electronic fixed income business – one of the largest and most liquid cash markets in the world. The transaction is expected to be accretive to earnings within the first twelve months after closing, excluding transaction-related costs, and to generate attractive returns on capital.
Safcom, the clearing house for the JSE’s derivatives market, announced the promulgation of the rules enabling the establishment of a default fund intended to add another layer of investor protection in the exchange traded derivative market.
Moscow Exchange begins settlement of securities on the T+2 basis, bringing its procedures in line with international best practices. As with other recent reforms, the move makes trading on Russia"s main exchange more attractive to both international and Russian market participants.
In line with the objective to promote market and product innovation, Bursa Malaysia issued its amended rules to enable the listing of business trusts on the Main Market of Bursa Malaysia Securities Berhad (“the Exchange”).
The Cayman Islands Stock Exchange (CSX) migrated its electronic securities trading to Deutsche Börse’s Xetra trading system. Xetra trading participants can now use Deutsche Börse’s infrastructure to easily access a non-European financial market. It also gives six new market participants from the Cayman Islands access to an extensive pan-European network of traders.