The BCBA and MERVAL join to create a New Market to be launched to public offering and listing
On 7 March 2013, LCH.Clearnet Group Limited ("LCH.Clearnet") and London Stock Exchange Group plc ("LSEG") announced a revised recommended cash offer by London Stock Exchange (C) Limited, a wholly owned subsidiary of LSEG, for a majority stake in LCH.Clearnet. On 26 March 2013, LCH.Clearnet and LSEG announced that the Acceptance Condition in respect of the Revised Offer had been satisfied and also that a seven business day extension period had been agreed between the parties to provide more time for remaining LCH.Clearnet Shareholders to participate in the Revised Offer. The Revised Offer is now closed to further acceptances.
The Nigerian Stock Exchange concluded another phase in its plans of nurturing the growth of small to mid-sized companies via the announcement of selected Designated Advisers (DAs) for companies listed on the Alternative Securities Market (ASeM). The fourteen Dealing Member firms selected included ARM Securities Limited, BGL Securities Limited, Capital Asset Limited, CardinalStone Securities Limited, EDC Securities Limited, Fidelity Securities Limited, and FSDH Securities Limited. Others were Investment One Stockbrokers International, Magnartis Finance & Investment Limited, Marina Securities Stockbroking Services, Morgan Capital Securities Limited, Partnership Investment Company Limited, Primera Africa Securities Limited and UBA Stockbrokers Limited.
On Thursday, February 21, 2013, the Tel Aviv Stock Exchange (TASE) Board of Directors approved revisions to the parameters governing activation of "Price Monitoring" on individual securities, as well as the shortening of the extensions for Opening or Closing Auctions triggered by TASE mechanisms to check either market-wide volatility or extraordinary price movements of individual securities.
Abu Dhabi Securities Exchange (ADX) announced that it is continuing the process of enhancing Delivery Versus Payment (DVP) model, which ADX launched in May of 2011, through applying Buyer Cash Compensation (BCC) settlement procedure. The new procedure, which will take effect in May 2013, means that a buying investor will be paid cash compensation in the unlikely event where securities are unavailable for delivery to the buying investor on settlement date.
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.