The September 2013 WFE key market highlights are now available.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Thesys Technologies LLC, the infrastructure affiliate of Tradeworx serving the high-performance technology needs of market participants, announced plans to jointly launch a next-generation testing environment which will simulate trading on all major U.S. equities exchanges. The Algo Test Facility will provide the exchange group's electronic trading customers a safe environment to rigorously examine algorithmic strategies by replaying and interacting with real historical market data. The Algo Test Facility is expected to launch in the first quarter of 2014, and will provide customers a market-wide equities testing platform.
The Stock Exchange of Thailand (SET) will launch new sector No. 28, “Construction Services” and will also include real estate investment trust (REIT) in the Property Fund sector and accordingly rename the sector to be “Property Funds & REIT”, enabling investors to analyze and compare information of each company more accurately.
In Switzerland, there are no provisions to regulate short selling in terms of laws or stock exchange regulations. In 2008, an announcement was made by the then Swiss Federal Banking Commission (SFBC) and SIX Swiss Exchange imposing certain restrictions on short selling.
In consultation with FINMA, SIX Swiss Exchange and Scoach Switzerland will now supplement their regulations regarding short selling.
ICE Clear Europe, a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE) announced that ICE Clear Europe successfully introduced client clearing for European credit default swaps (CDS) on October 7, 2013, with five clients actively clearing trades.
Abu Dhabi Securities Exchange (ADX) signed an agreement for comprehensive co-operation with Korea Exchange (KRX). The agreement, signed by Deputy Chief Executive of ADX, Mr. Ghanem Al Dhaheri, in a formal ceremony in Seoul provides the framework for ADX and KRX to work together on a number of joint ventures to enhance and develop the infrastructure and processes of ADX.
- MARF to open up new financing channels for small and medium sizedenterprises, with less strict requirements and lower costs
- MARF is established as a Multilateral Trading Facility (MTF) geared to institutional Investors
NYSE Liffe, the European derivatives division of NYSE Euronext (NYX), announced that it has introduced Universal Stock Futures on Canadian and South African stocks on Bclear, the Exchange’s trade administration and clearing service.
- First Middle Eastern central counterparty (CCP) to link to the Global Liquidity Hub of Clearstream
- Cooperation to go live in Q1 2014
- Clearstream continues to develop open architecture for global liquidity management to avoid new systemic risk
Deutsche Börse Market Data + Services and BSE announced a partnership under which Deutsche Börse will act as the exclusive licensor of BSE market data and information products to all international clients. The new cooperation will benefit existing and potential customers by giving them access to both exchanges’ market data products under a single license agreement. A signing ceremony was held in Frankfurt on 2 October 2013.