The Singapore Exchange (SGX) is utilizing The Steel Index (TSI)’s daily coking coal price indices published by Platts, a leading global provider of energy, metals and commodities information, as the settlement basis for its metallurgical coal futures and swaps contracts newly launched.
The Singapore Exchange’s two new TSI-based contracts are:
- SGX TSI Australia Premium Coking Coal Futures and Swaps, reflecting the value of coal used in steel making as free on board (FOB) in East Coast Australian ports
- SGX TSI China Premium Coking Coal Futures and Swaps, reflecting the value of coal used in steel making as delivered to Jingtang port in China on a cost and freight (CFR) basis.
The Stock Exchange of Mauritius (SEM) wishes to inform investors and the public at large that the Exchange is replacing the SEM-7 Index with a new index, namely, the SEM-10 Index, with effect from Thursday 02 October 2014.
Since the creation of the SEM-7 Index in 1998, the stock market in Mauritius has witnessed a surge in total market capitalization due to the growth in size of the listed companies and the growing number of listings on the Official Market. Some of these newly listed companies have expanded the list of highly capitalized, liquid and frequently traded stocks.
The underlying changes in the market environment since 1998 have underscored the need to re-actualize the SEM-7 Index, to better reflect current market conditions and introduce an Index that tracks the performance of the ten largest eligible stocks of the Official Market, measured in terms of market capitalization, liquidity and ‘investibility’ criteria. The Reserve List of the SEM-10 Index will comprise of five stocks.
On the day of its introduction, Thursday 02 October 2014, the opening level of the SEM-10 Index will be set at the closing level of the SEM-7 index on Wednesday 01 October 2014.
NASDAQ OMX announced that First Trust will launch a new exchange traded fund (ETF), First Trust Dorsey Wright International Focus 5 ETF (Symbol: IFV), which will be listed on The NASDAQ Stock Market® (NASDAQ®). IFV will begin trading on NASDAQ on Wednesday, July 23, 2014.
CME Group, the world's leading and most diverse derivatives marketplace, announced expanded access to its CME Eurodollar liquidity pool by offering Bundle futures and options on Bundle futures. Contracts will be available starting September 22, 2014, pending CFTC review.
The new contracts will complement the existing suite of Eurodollar contracts and Eurodollar Packs and Bundles. Introduced in 1994, the Eurodollar Bundle enables the simultaneous sale or purchase of one each of a series of consecutive Eurodollar contracts, leaving the user with a strip of individual Eurodollar futures positions. The new Bundle futures provide the same economic exposure, through a single line item instead of a strip of contracts. Bundle futures and options will be available through the CME Globex electronic trading platform, open outcry, and block trading, and will be available in 2-year, 3-year and 5-year tenors.
Euronext announced the launch of weekly expiry dates on its CAC40® and AEX® future contracts. This initiative is the first of its kind in Europe and will complement the existing offer where futures contracts traditionally expire on a monthly or quarterly basis. The shorter expiry period will provide members with more trading possibilities, an opportunity for improved risk management, as well as an efficient hedging tool during the dividend season or when trading AEX weekly options. The product will be launched in the fourth quarter of 2014.
TMX Atrium, TMX Group's global marketplace infrastructure provider, announced that it will be launching a new cross-border marketplace connectivity network that uses industry best-practice microwave technology. The microwave network services will be available to all market participants.
Hong Kong Exchanges and Clearing Limited (HKEx) announced the establishment of a framework to support Application Service Providers (ASPs). ASPs play a vital role in HKEx's market ecosystem by providing services to Exchange Participants (EPs) and connecting investors to HKEx’s markets through EPs.
The new framework allows ASPs to contract directly with HKEx Hosting Services to establish an HKEx Service Network (HSN) link to HKEx's trading, clearing and market data systems that can be shared by their EP customers through individual HSN Virtual Ports (HSNVPs). EPs may be able to lower their operating costs and increase their efficiency by having an HSNVP and accessing HKEx products directly through an ASP.
Bahrain Bourse and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), announced that Bahrain Bourse has gone live with their new trading engine, powered by NASDAQ OMX's X-stream trading platform. The project went live on Monday, July 14, providing Bahrain Bourse with the world's most widely deployed, multi-asset trading platform.
BME and the Bolivian Stock Exchange (BBV) have signed an agreement to upgrade the country’s securities market with the installation of BME’s SIBE-SMART trading platform in the Latin American market. SIBE-SMART, designed and developed by BME, supports the various markets operated by the Group, such as Equities, Derivatives and Fixed Income. With the implementation of SIBE-SMART, the Bolivian exchange will be able to proceed with the technological and functional modernisation of the markets in financial instruments. BME will assist in the roll out and offer maintenance and support services.
Deutsche Börse Market Data + Services and the Philippine Stock Exchange, Inc. (PSE) have signed a memorandum of understanding (MoU) to establish a market data cooperation between the two exchanges.
Some key areas on which the exchanges would like to collaborate include the licensing of current market data offerings, increasing distribution channels for real-time data, and new product design and innovation. Deutsche Börse and Philippine Stock Exchange would explore these options under the MoU and expect to develop a concrete plan by the end of Q3 2014.