The CBOE Futures Exchange (CFE) announced that on September 28, it plans to introduce trading in its first options on a futures contract - Weekly options on VIX futures (ticker symbol - VOW), subject to regulatory approval. All key pieces of the VIX product suite will now be available on CBOE's electronic technology platform, CBOEdirect - cash-settled CBOE Volatility Index (VIX) options, VIX futures, options on volatility-related exchange traded notes, and, later this month, Weekly options on VIX futures.
BM&FBOVESPA announces alterations to listing rules for companies committed to good corporate governance practices. In accordance with regulations, changes – which were decided by block vote – can only be implemented if there is not a contrary vote of over a third of the companies listed in the segment. This translates as up to 35 in the case of the Novo Mercado, an 11 maximum for Level 1 and up to six for Level 2. Anything over these numbers and the action is considered reproved.
Borsa Italiana S.p.A., a subsidiary of London Stock Exchange Group, acquired 94.4 per cent of Pro Mac S.p.A., the company responsible for the promotion of MAC (Mercato Alternativo Del Capitale), for a cash consideration of €5.147 million from 22 existing shareholders of the company, including a number of leading Italian banks and associations. Borsa Italiana will own 99.6 per cent of Pro Mac S.p.A. following the transaction.
LCH.Clearnet Ltd (LCH.Clearnet) is set to launch clearing of OTC coal swap contracts. The service is a natural extension to LCH.Clearnet’s market leading OTC offering and complements the successful freight service, which has over 5 years proven experience and clears 85% of all dry cleared volumes.
Singapore Exchange (SGX) and Nanyang Technological University (NTU) today said they are jointly launching the NTU-SGX Centre for Financial Education for capital market professionals in Asia. The Centre will feature a state-of-the-art laboratory with tradingenabled terminals and real-time data.
Deutsche Börse IT Conference”, Deutsche Börse Systems announced that it will be implementing two new interfaces in the trading systems of the Eurex derivatives exchange and the Xetra cash market in the upcoming year. These are:
- a standardized FIX interface for entering orders to facilitate participant access to Eurex and Xetra and
- a new interface for netted market data in multicast format.
ECSDA, the European Central Securities Depositories Association, has appointed Soraya Belghazi as its first Secretary General. As of 1 September 2010, she will head the office of the Association, located right next to the European Commission at Schuman Square in Brussels.
The Johannesburg Stock Exchange (JSE) recently released its first findings on the ownership composition of companies listed on the JSE. According to the independent study, black South African investors currently own 18% of the available share capital in the top 100 companies listed on the exchange.
On the 17th August 2010, the JSE Limited, the company that operates the Johannesburg Stock Exchange, reported a 14.5% increase in revenue which combined with controlled operating costs led a 13.1% increase in net profit after tax to R207.6m (H1 2009: R183.5m).
This August the Johannesburg Stock Exchange (JSE) extended its existing licensing agreement with CME Group, the world’s leading and most diverse derivatives exchange, to list rand-denominated copper and silver futures contracts. This development gives South African investors further exposure to the international metals market.