Deutsche Börse and Clearstream, the central securities depository (ICSD) within Deutsche Börse Group, have launched their joint funds trading on Deutsche Börse’s cash market Xetra. More than 80,000 investment funds that are currently on Clearstream’s order routing platform Vestima+ can be introduced for trading via Xetra by market makers (funds specialists). After execution, the funds will be settled through Clearstream’s post-trade facility for mutual funds, the Central Facility for Funds (CFF).
Bombay Stock Exchange Ltd. (BSE) and Taqwaa Advisory and Shariah Investment Solutions (TASIS) launched the BSE TASIS SHARIAH 50 Index on Monday, Dec 27, 2010. The Index is the first Shariah Index created in India utilizing the strict guidelines and local expertise of a domestic, India-based Shariah advisory board. The BSE TASIS Shariah 50 index consists of the 50 largest and most liquid Shariah compliant stocks within the BSE 500.
The Taiwan Stock Exchange Corporation (TWSE) launched a “Taiwan Employment Creation 99 Index” on December 30, 2010, in cooperation with Research Affiliates, LLC. The index consists of 99 listed companies in Taiwan that have created the most job opportunities for the local work force, hoping to encourage more enterprises to follow their example and better fulfill corporate social responsibility.
The Philippine Stock Exchange (PSE), acting on behalf of the successor company of its Market Regulation Division (MRD), is acquiring a new surveillance system which will enhance its capability to monitor stock trading activities and strengthen market integrity. The successor company of the MRD is presently in the process of incorporation.
The Chicago Board Options Exchange (CBOE) announced that for the first time it will apply its CBOE Volatility Index® (VIX®) methodology to options on individual stocks when it begins publishing volatility values on five highly active equities on Friday, January 7. CBOE will calculate values for Apple (ticker symbol: VXAPL), Amazon (ticker symbol: VXAZN), IBM (ticker symbol: VXIBM), Google (ticker symbol: VXGOG), and Goldman Sachs (ticker symbol: VXGS).
FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, and BM&FBOVESPA, the third largest exchange in the world in terms of market value, announced they have partnered to provide direct access to BM&FBOVESPA’s new multi-asset trading platform through FlexTrade’s award winning execution management system, FlexTRADER.
Correlix Inc., the operator of the industry leading RaceTeam™ service for monitoring, measuring and analyzing order and market data flows in real-time, announced that NYSE Euronext, a leading global operator of multi-asset financial markets, is joining the Correlix RaceTeam™ latency measurement service.
Istanbul Stock Exchange (ISE) has decided to apply a discount on its Listing Fee Tariff in order to accelerate the efforts within the framework of its Initial Public Offering Campaign, to encourage public offerings to reach the European Union’s minimum free-float rate of 25 percent, and to facilitate reaching the target of “allowing companies to go public and increasing the free-float rate of traded companies” as envisaged by the Istanbul International Financial Center Action Plan.
The international derivatives exchange Eurex will introduce equity options with weekly expiration dates on 24 January 2011. This is the first time that weekly options on individual stocks will be available on Eurex. The Eurex Weekly Equity Options will be listed as separate contracts and will initially comprise derivatives based on shares of Daimler, Deutsche Bank, Deutsche Telekom and Nokia (four per underlying stock).
NYSE Euronext announced that its U.S. options exchanges, NYSE Arca and NYSE Amex options have completed the first phase of a significant technology upgrade program that will double capacity for both exchanges. NYSE Euronext U.S. Options continues to enhance its value proposition to customers by upgrading the core matching engines and functionality for its exchange platforms.