The Egyptian Exchange's Board members approved the strategy for 2013-2017.
The broad-lines of this strategy are based on dealing with the current challenges to move EGX from being an emerging markets to join the developed markets. This strategy tackles the issues of protecting investors' rights and providing them with strong and flexible legal structure to achieve more efficiency and effectiveness to the market.
Bucharest Stock Exchange (BVB) announces that starting January 3rd, 2014, BVB will extend the trading program for the following financial instruments of the regulated spot market: shares, fund units and rights. The trading session at Bucharest Stock Exchange will end at 18:00.
- MAB will list its first SOCIMI, Entrecampos Cuatro Socimi, S.A., on Thursday, 28 November
- The second, Promorent Socimi, S.A., will be listed during the first week of December
As of 1 January 2014 the brand identity of the exchange for structured products will be integrated into SIX and the Swiss Exchange business area. Backed by the strength of the SIX brand, the Swiss exchange for structured products will be able in future to address the special characteristics of the Swiss market and contribute to its continuing development.
Deutsche Börse Market Data + Services is introducing exclusive analytics based on raw, unpublished Xetra order book data. Effective 25 November 2013, Xetra real-time analytics will provide market participants with additional, exclusive in-depth trading information.
Singapore Exchange (SGX) and the China Securities Regulatory Commission (CSRC) announced they will establish a Direct Listing Framework for companies from China to list in Singapore.
With effect as from December 2013, SEM significantly reduced transaction fees on turnaround trades by 88% of the total brokerage fee from 1.25% to 0.15%.
SIX Swiss Exchange makes X-stream INET, the worlds' most advanced trading technology, available to all its trading segments. Consequently, co-location is now also available for participants active in ETFs, ETSFs, Sponsored Funds, ETPs, CHF Bonds, International Bonds and Structured Products (on Scoach Switzerland). Co-location provides latency-sensitive participants with the fastest possible connection to SIX Swiss Exchange regardless of their physical location.
Singapore Exchange (SGX) is developing Asia’s first electricity futures market with a targeted launch by end-2014, subject to regulatory approval.
In light of finalizing NILEX listed companies all their financial and execution disclosure material, the Egyptian Exchange decided to extend its trading hours to be 4 hours starting Monday 7th, October 2013 trading session.
Oslo Børs VPS has decided to introduce T+2 with effect from 6 October 2014. This means that securities will be settled on the investor’s account in VPS two days after the transaction has taken place and consequently that the seller will receive payment after two days. Current market practice is that this process will take three days.
- The program offers vendors direct connectivity testing facility with the exchange for new or upgraded features
- “Quod Financial” and “Financial Technologies” join the program… three other vendors on the way
BM&FBOVESPA will start annual compensation of its greenhouse gas emissions that cannot be reduced, thus becoming carbon neutral. This initiative is being backdated to 2011 and 2012 and seeks among other things to encourage the adoption of best sustainability practices by listed companies and by the market as a whole. This course of action is also in line with the Exchange’s Sustainability Policy – approved by the Board of Directors in 2013 – and cements the commitment to business initiatives related to climate change.
Deutsche Börse is improving trading on the Frankfurt Stock Exchange. It is reorienting the trading venue and will launch a new quality guarantee for trading from 1 November. In addition, all structured products will be traded under the Frankfurt Stock Exchange brand.
The Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand group, joins hands with Krung Thai Bank pcl (KTB) on a new service for USD futures holders, especially importers and exporters, and small- and medium-sized enterprises (SMEs), enabling them to exchange US dollars at KTB branches on the last trading day of the contract.
Dalian Commodity Exchange released the “Notice on Relevant Matters over Trading of Iron Ore Futures Contract” and the iron ore futures contracts will be listed for trading since October 18, 2013.
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.
- 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
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has launched a new WorkSpace application for iPad, now available and accessible for download in the Apple iTunes store. The app is a state-of-the-art, mobile-optimized user experience designed to create a secure, streamlined business and document management process, while improving productivity for users.
IntercontinentalExchange (NYSE: ICE) has launched ICE Swap Trade, ICE's CFTC-registered Swap Execution Facility (SEF), with trading activity in many different products in the energy and credit default swap (CDS) markets.
Moscow Exchange is to change the calculation procedure for the surcharge for ineffective transactions and impose a new charge for erroneous transactions across its SPECTRA trading & clearing platform on 21 October. The aim is to optimize HFT activity and increase the productive load on the trading system.
Deutsche Börse announced the introduction of a new cloud-based service for the delivery of historical market data. The new service, “Data on Demand,” grants clients direct access via internet to a high performance database of historical trade data from trading venues Xetra and Eurex, as well as Deutsche Börse index data.
As of March 2014, the Vienna Stock Exchange will no longer offer trading in derivatives. This decision was taken at today’s meeting of the Supervisory Board of Wiener Börse AG.
Singapore Exchange (SGX) and Bank of China (BOC) have signed a memorandum of understanding (MOU) to cooperate in growing China’s financial markets.
CME Group announced that it has filed an application to be registered as a Swap Execution Facility (SEF) with the Commodity Futures Trading Commission (CFTC). CME Group's SEF will be available over CME Direct, a sophisticated online front-end trade management platform for accessing CME Group's deeply liquid exchange listed and OTC energy and metals markets.
Deutsche Börse offers a new Access Point in Interxion’s Vienna data centre campus. Interxion Holding N.V. is a major European provider of cloud- and carrier-neutral co-location data centre services. Its Vienna data centre is recognized as a leading cloud and connectivity hub in Central and Eastern Europe (CEE), hosting the majority of regional networks and service providers. Users benefit from an extensive community of market data, low-latency connectivity and managed services providers.
NYSE Technologies, the commercial technology division of NYSE Euronext (NYX), announced that it has obtained approval from the Chinese State Council Information Office (SCIO) to distribute market data in China.
On August 21, 2013, NYSE Euronext (Euronext) requested accelerated Commodity Futures Trading Commission (CFTC) review of its Euronext Amsterdam AEX-Index mini futures contract and its Euronext Paris CAC40 Index mini futures contract so that they may be offered to U.S. persons. Euronext also requested that the contracts may be made available through direct access terminals in the United States.
- Singapore Exchange (SGX) and Clearstream to jointly offer a collateral management
- SGX customers will benefit from more efficient use of their assets held with SGX’s Central Depository (CDP) as collateral
- Singapore is first Asian market to use Clearstream’s Liquidity Hub GO (Global Outsourcing) service
All financial organisations, including listed legal entities, will need to comply with the new global Legal Entity Identifier (LEI) requirements in order to manage counterparty risk.
NYSE Euronext (NYX), the leading global operator of public financial markets, announced a strategic partnership with ACE, a leading transaction management platform for private placements of equity, debt and other securities. NYSE Euronext and ACE will establish an independent technology backbone for new issuances of private securities, with the goal of bringing greater transparency and efficiencies to the private market, just as NYSE Euronext has brought to the public market.
TMX Group announced the launch of a new analytics feed for options traded on Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada's derivatives exchange. TMX Datalinx, the information services division of TMX Group, will make the new feed available to the options trading community through the TMX Atrium global network and other content distributors.
The International Securities Exchange (ISE) announced that ISE GeminiTM, ISE's second options exchange, successfully completed its first day of trading yesterday. ISE Gemini launched trading with six symbols -- Walt Disney Co. (DIS), NetApp Inc. (NTAP), Texas Instruments Inc. (TXN), Goldcorp Inc. (GG), NVIDIA Corp. (NVDA), and Dow Chemical Co. (DOW) -- and plans to add additional products over the next several weeks until it has ultimately listed all of the most active options classes. The new exchange offers maker-taker pricing combined with ISE's patented pro-rata and customer priority market structure.
IntercontinentalExchange (NYSE: ICE) announced that several leading market participants will support the development of markets on ICE Swap Trade, ICE's credit default swap (CDS) execution facility that is expected to be introduced in the third quarter of 2013.
On July 8, 2013, Moscow Exchange launches the next stage of T+2 implementation on its Securities Market by extending the list of eligible shares from 15 to 50 names. All sovereign bonds (OFZs) issues have been available for T+2 since March 25, 2013. Parallel trading with T+0 settlement will be available for all T+2 eligible securities until August 30, 2013. All other shares traded on the Moscow Exchange will migrate to T+2 on September 2, when T+0 settlement for all shares, Russian depositary receipts (RDRs) and OFZs will end.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Scottish Government has launched a new Newsroom which is accessible across a wide range of mobile devices. The Scottish Government is the first government to use NASDAQ OMX's Corporate Solutions to make it easier for the media and the public to access news information and download material from their mobile devices.
NYSE Euronext (NYX) officially launched EnterNext® in Brussels. This new subsidiary is a dedicated marketplace for SMEs. With a bold strategy and a NYSE Euronext proven capacity to deliver, EnterNext® has been designed to facilitate the financing requirements and development of SMEs that operate regionally, nationally and internationally. The aim of the initiative is to make financing through the equity market attractive to SMEs by involving all stakeholders of the Brussels marketplace.
SIX Financial Information and swissQuant Group are pleased to announce a joint project to support the wealth management industry with enhanced risk compliance.
NYSE Euronext (NYX) launches EnterNextTM, its initiative for small and medium-sized companies in the Netherlands. EnterNextTM was developed to provide financing solutions which are geared to the financing needs of local SMEs that are active regionally, nationally and internationally. EnterNextTM will make every effort to offer companies optimal visibility and access to investors, and to get businesses to use the stock exchange more once listed. It will, in addition, work with the various stakeholders to play an active role in making the capital market as attractive as possible.
* First customers have already signed the repo master agreement which is applicable for any number of counterparties
* Pioneering approach also paves the way towards new buy-side customer groups
* Customers benefit by being able to build up relationships with counterparties before choosing to move to other bilateral repurchase agreements
The New York Stock Exchange (NYSE) announced the formation of the NYSE Governance Council to facilitate an open dialog between publicly-held companies and the NYSE on the rapidly evolving and increasingly complex corporate governance landscape.
NASDAQ OMX Nordic, part of the NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) announced that it has introduced the latest addition to its smart order routing offering, making NASDAQ OMX Nordic the only trading platform to offer trading in all shares in all five Nordic countries. As a result, NASDAQ OMX Nordic can facilitate best execution with EBBO, European Best Bid and Offer, for all Nordic shares on one platform through a single connection, including all shares listed at Oslo Børs and Oslo Axess.
Finance Norway wants Oslo Børs to be in charge of the calculation of the Norwegian Interbank Offered Rate, NIBOR. Oslo Børs will also undertake the supervision of the filing of interest rates from the banks that constitute the base for the calculation of the interbank rate. Through this new scheme, Oslo Børs will provide a recognised and neutral framework for determining the NIBOR.
NYSE Euronext (NYX) announced that it has received approval from the U.S. Securities and Exchange Commission (SEC) to launch the NYSE Arca Exchange Traded Product Incentive Program (IP). This new 12 month pilot program offers an alternative for incentivizing lead market makers (LMM) to be the primary market maker in certain exchange traded products (ETPs) selected by issuers.
The international derivatives market Eurex Exchange is offering new research tools via its website enabling interested investors to obtain a comprehensive insight into the world of analysis, valuation and trading of volatility derivatives. The VSTOXX Advanced Services offering is primarily aimed at portfolio managers, proprietary traders, client traders, and brokers, as well as risk managers and institutional investors, all of whom can hedge their portfolios much better with the volatility derivatives listed on Eurex Exchange.
Effective 10 June 2013, Borsa İstanbul Equity Market and Emerging Companies Market trading hours for the first session will be changed as detailed below:
The Stock Exchange of Thailand (SET) has improved derivative warrants (DW) trading by shortening the listing period to 3 days from 15 days; lengthening ticker symbols to include the date of the last trading day for that DW, enabling investors to easily identify the allowed trading period of each set of DWs, and expanding the underlying assets for derivative warrants to include securities listed under the SET100 Index and SET Index series.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced plans to implement CorvilNet, an independent solution for operational performance monitoring that provides a new level of visibility, safeguards and protection for the exchange group's U.S. trading platforms. CorvilNet is powered by Corvil, the leading provider of real-time operational performance monitoring for wire data.
NASDAQ OMX NLX (“NLX”), the new London market offering a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-denominated listed derivative products on a single market, and LCH.Clearnet Ltd. (LCH.Clearnet), the multi-national, multi-asset clearing house, have received the necessary regulatory approvals to launch the NLX market on Friday 31st May.
Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the companies that joined its Mainland Market Data Hub (MMDH) Founding Members Programme, which is designed to allow information vendors and other interested parties to participate in the early set-up of the market data hub HKEx will launch in Shanghai in the fourth quarter of this year.
The international derivatives marketplace Eurex Exchange announced that it will start a new initiative to increase the attractiveness of its short-term interest rate derivatives segment by offering new trading and market making incentives for its Three-Month Euribor Futures. These measures will become effective on 1 June 2013. Euribor Futures have already been listed on Eurex Exchange for several years.
The German Power Initiative, aimed at making the German power market more transparent, liquid and cost effective, continues to receive strong market support. To date, 10 liquidity providers, 3 brokers and 1 market maker have signed on, since NASDAQ OMX Commodities invited members to participate in March. The German Power initiative is part of NASDAQ OMX’s overall commodities strategy to leverage its best in class technology platform and expand its presence in the three largest power markets in Europe.
NYSE Euronext (NYX) announced the opening of EnterNext®, its marketplace for SMEs. This new subsidiary is dedicated to companies that have a capitalisation of under €1 billion and already covers over 750 SMEs listed on the regulated market of NYSE Euronext and on NYSE Alternext. With a bold strategy and a NYSE Euronext proven capacity to deliver, EnterNext® has been designed to facilitate the financing requirements and development of European SMEs that operate regionally, nationally and internationally.
SIX Financial Information has launched an Income Distribution Service to provide timely and accurate dividend information. During the development phase, SIX worked closely with a client based working group to design a service tailored to the industry’s requirements. A number of leading financial institutions have already subscribed to the new offering.
Deutsche Börse announced the formation of a new “Market Data +Services” segment that combines its Market Data & Analytics unit with its external technology and connectivity services. The Market Data + Services segment will be part of the division IT & MD+S headed by Executive Board Member Hauke Stars. The new segment is headed by Managing Director Holger Wohlenberg.
This is to notify you that the Exchange will launch Fill-or-K ill (FOK) orders and Fill-and-Kill (FAK) orders into the trading system on June 7, 2013.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that it will re-launch NASDAQ OMX PSX(SM) (PSX(SM)) in an effort to create the leading marketplace for Exchange Traded Products (ETPs). The price-time exchange will offer unique market making programs and features designed to provide robust liquidity to institutional and retail investors. PSX will re-launch in May 2013 pending approval by the Securities and Exchange Commission.
- Commences with listing of 3 companies — Dabur India Ltd. being the first company to list on the exchange
- Offers various benefits such as lower cost of issuance to issuers and zero processing fees and initial listing fee
- Exchange would soon announce innovations for enhancing issuers' experience
Qatar Financial Markets Authority has approved the liquidity provision scheme that can be carried out by the financial services firms, which are members in Qatar Exchange. This scheme will enable these firms to submit constant quotes for the sale or purchase of a particular security to increase its liquidity as per the controls and conditions set forth in the Liquidity Provider Agreement.
Aware of the challenges facing businesses in search of funding, NYSE Euronext (NYX) is beefing up its strategy and resources for small and medium-sized companies (SMEs) by launching a subsidiary dedicated to these businesses on 23 May 2013.
Singapore Exchange (SGX) is revising annual listing fees for Mainboard companies from 1 January 2014. The fees for new and additional listing of securities on Mainboard will be revised from 1 July 2013.
NYSE Euronext (NYX) announced the launch of NYSE Governance Services, an integrated suite of resources for public and privately-held companies seeking to create a leadership advantage through corporate governance, risk, ethics and compliance practices.
Besides Russian rubles, foreign currency and securities may be used by a clearing member to post collateral for derivatives trades to the Moscow Exchange's clearing house according to the Methodology for selecting and estimating foreign currency and securities accepted as collateral on the derivatives market.
As part of its Nordic focus, Oslo Børs announces that Oslo ABM has changed its name to Nordic ABM. Nordic ABM targets fixed income issuers throughout the Nordic region, and a number of Nordic issuers have already listed bond issues on Nordic ABM. Since the Burgundy markets will become part of the Oslo Børs offer in June, a new fixed income market will be added to the trading system which will allow trading in fixed income instruments intended for Swedish investors that are denominated in Swedish kronor.
NASDAQ OMX Commodities (“NASDAQ”) is announcing several changes to the trading and clearing arrangements for freight derivatives resulting from the decision by NASDAQ OMX Stockholm AB (“NASDAQ OMX Stockholm”) to merge NOS Clearing ASA (“NOS”), which it acquired on July 2, 2012, into NASDAQ OMX Stockholm, with NASDAQ OMX Stockholm as the sole surviving entity by the end of 2013. NASDAQ is also announcing the introduction of a new facility for entering into block trades (the “Block Trade Facility”) on 29 April 2013.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced it has enhanced UltraFeedSM to include U.S. equity market depth data from NASDAQ, NYSE Euronext, Direct Edge and BATS exchanges. Included in UltraFeed's equity depth data is NASDAQ TotalView, a product that displays The NASDAQ Stock Market's full order book. TotalView features Net Order Imbalance information for NASDAQ's opening and closing crosses as well as for the IPO and halt crosses, insight that can help reveal new trading opportunities.
Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) introduces the ‘Green Lane Policy’ where eligible equities brokers can commence their activities with only a notification process to Bursa Malaysia Securities. The new policy will take effect from 2 May 2013.
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.
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.
Borsa Italiana has broadened its bond market offering with a new professional segment on its ExtraMOT market, dedicated to the trading of debt instruments issued by both listed and unlisted Italian companies.
The Nigerian Stock Exchange (NSE) has concluded arrangements to introduce the first ever Issuers’ Portal in the Nigerian Capital Market known as X-Issuer. The new portal, which will be formally launched on Tuesday, March 26, 2013 at the MUSON Centre in Lagos, is one of a number of new regulatory initiatives of The NSE that will allow online information submission for enhanced interaction between the Exchange and listed companies.
Starting from the evening clearing session on March 13, 2013 Moscow Exchange is expanding the list of its Derivatives market's instruments eligible for an initial margin benefit when opposite positions in these contracts are taken (inter-contract spreads):
- an inter-contract spread for opposite positions in the RTS Index futures and RTS Standard Index futures will be improved to add the MICEX Index futures;
- an inter-contract spread for opposite positions in the 2-year Government bonds futures, 4-year Government bonds futures and 6-year Government bonds futures will be introduced.
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight issued a letter advising the Bolsa de Valores, Marcadorias e Futuros (BVMF-Brazil) that its MICEX Index, Hang Seng Index, FTSE/JSE Top 40 Index, and the BSE Sensitive Index futures contracts submitted for review on January 25, 2013, were deemed certified.
The Stock Exchange of Thailand (SET) joins hands with 28 leading brokers to launch a campaign, “Your 1st stock: Beginning with equities and investing with quality” in order to give insights, intensive training, an exclusive workshop, and other benefits for new investors throughout this year, aiming to boost the number of new investors by 70,000 investors in 2013.
The Qatar Exchange announced the launch of the “Sponsored Access” and the “Liquidity Provider” facilities, whereby the first activity will allow Sponsoring Members to provide eligible customers (Sponsored Participants) direct access to the trading system of Qatar Exchange, while the second activity will enable members to submit LP applications for the QE 20 index-constituent securities in accordance with the governing rules.
Singapore Exchange (SGX) will deliver real-time stock market data to Google Finance. This marks the first time live SGX data is available on an international public finance website.
The Luxembourg Stock Exchange has now announced its cooperation with Altus on the development of the market infrastructure for European investment funds.
The Luxembourg Stock Exchange is creating a market infrastructure, which will provide services to substantially support, facilitate and standardize the cross-border distribution of funds.
ASX will expand its global network connectivity through the launch of ASX Net Global, a cost-effective, low latency network for global customers to connect to the ASX and ASX 24 trading platforms and to the full range of services located in the ASX Australian Liquidity Centre (ALC).
The Nigerian Stock Exchange has signed a Memorandum of Understanding (MoU) with Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, to provide Investor Relations Services to its listed companies, as part of its Value Added Services (X-Value) bouquet.
Eurex Exchange, the international derivatives marketplace, announced that it has received confirmation from the South Korean Financial Services Commission (FSC) to offer its full suite of products in South Korea without objection. Eurex has already established a very successful cooperation with the Korea Exchange (KRX), the Eurex/KRX Link. The new possibility of a direct membership will further enhance the Eurex/KRX cooperation and strengthen the ties between Korean and German financial markets.
Hong Kong Exchanges and Clearing Limited (HKEx) announced that it received regulatory approval for rule changes that will enable it to offer After-Hours Futures Trading (AHFT) and it plans to introduce AHFT on Monday, 8 April 2013.
From 8 April, Hang Seng Index and H-shares Index futures will be available for trading from 5 pm to 11 pm (after-hours trading) in addition to the regular trading sessions: 9:15 am to 12 noon and 1 pm to 4:15 pm. Gold futures will be considered for inclusion in AHFT at a later stage.
- London Stock Exchange publishes rulebook for new segment of the Main Market for high growth companies
- Issuers required to meet free float, market value and growth conditions
- Will act as stepping stone for companies seeking full listing
In response to the growing demand in the European market, SIX Financial Information has expanded its Evaluated Pricing (EP) business by establishing a new valuation team in Frankfurt.
Hong Kong Exchanges and Clearing Limited (HKEx) launched its Mainland Market Data Hub (MMDH) Founding Members Programme, which is designed to allow information vendors and other interested parties to participate in the early set-up of the market data hub HKEx will launch by the third quarter of this year in Shanghai, in connection with the HKEx Orion Market Data Platform (OMD) that is scheduled to be implemented in phases beginning in the second quarter of this year.
Moscow Exchange has admitted resident banks from countries of the Eurasian Economic Community, i.e. Belarus, Kazakhstan, Kyrgyzstan and Tadzhikistan, to the Exchange’s FX market.
Belarusian BPS-Sberbank was the first foreign bank to test the new functionalities of the Exchange, be admitted to trading and execute a trade on the Moscow Exchange’s FX market.
With effect from 1 March 2013, SIX Swiss Exchange is introducing a new trading segment for investment funds: the SIX Swiss Exchange–Sponsored Investment Fund Segment.
Beginning Feb 18, 2013, Tokyo Stock Exchange, Inc. (TSE) will add ETNs below to the list of the real-time Indicative Net Asset Value (Indicative NAV) per share calculation and publication.
NASDAQ OMX (Nasdaq:NDAQ) has been selected to deliver its SMARTS Integrity market surveillance system to the Agency for the Cooperation of Energy Regulators (ACER), a central EU institution in the creation of a Single Energy Market to the benefit of all EU consumers, to monitor the European wholesale gas and electricity markets covering both spot trading and derivative markets across Europe in accordance with the obligations under the REMIT legislation.
Chicago Board Options Exchange, Incorporated (CBOE) announced that its affiliate Market Data Express, LLC (MDX) plans to launch the CBOE Customized Option Pricing Service (COPS) on Monday, January 14. The new data service, which employs the market-making expertise of CBOE's liquidity-providing community, offers subscribers end-of-day indicative valuations for "customized" options such as FLexible EXchange (FLEX) options and certain over-the-counter (OTC) options.
Abu Dhabi Securities Exchange (ADX) organized a presentation on its new and upcoming trading mechanism for media personnel.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the launch of SMARTS Broker market surveillance solution for commodities trading on the London Metals Exchange (LME). The launch includes the go-live of two global broker-dealer customers, including the global multi-asset brokerage Newedge.
The Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand (SET) group launches a campaign to promote SET50 Futures monthly contract by reducing 80 percent of its exchange fees in the first half of 2013 for all participants, starting January 1st, 2013.
Market Data & Analytics is now offering direct connectivity to AlphaFlash Trader in a data center in Sydney. This significantly improves the speed of data transmission for AlphaFlash Trader clients in the Asia-Pacific region. AlphaFlash Trader connectivity is now available in Chicago, London and Sydney.
Abu Dhabi Securities Exchange (ADX) announced its decision to implement a new mechanism to calculate the closing prices and its shift to a new free-float index. This move comes in the continuous efforts of ADX to develop its operations in accordance with the best international standards applied in the field. The new mechanism will go into effect starting 2013.
Following the recommendations of its Strategic Planning Committee for SMEs, NYSE Euronext (NYX) announced plans to launch a pan-European exchange especially for small and medium-sized companies, developed in consultation with all of the Group’s European markets.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), parent of the world's first electronic stock market, announced U.S. consumer demand data is now delivered by NASDAQ OMX Event-Driven Analytics, a leading provider of machine-readable economic news to financial institutions and trading firms.
“Fairness, justness and openness” are the fundamental safeguards for the proper functioning and sound development of securities market, likewise, the openness and transparency of information is the essential feature and internal requirement of capital market. In order to standardize the public companies’ activities on investors relation management, substantially protect the medium-and-small investors’ rights to acquire information equitably, and further boost the transparency of public companies, Shenzhen Stock Exchange recently launched the Investors Relation Column on the website of “Easy for Interaction”(http://irm.cninfo.com.cn/szse/). Results of investors relation activities, including public companies’ reception of institutional investors’ investigation, media interview, road show, are revealed via the website “Easy for Interaction” to the market in a timely manner.
İstanbul Menkul Kıymetler Borsası (İMKB) Equity Repo Market will start operations on December 7, 2012.
The Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand (SET) group, joins hands with 33 brokers members to set up a Derivatives Investor Protection Fund (DIPF), with an initial worth of THB 100 million (approx. USD 3.23 million), aiming at building the confidence of investors, who trade derivatives on the exchange, as they will be protected against member broker bankruptcy or broker inability to return assets or compensate for loss in price of assets to investors.
The International Securities Exchange (ISE) announced that it has significantly expanded its execution capabilities for multi-legged strategy orders that include a stock component. The stock leg of these orders will now be able to access liquidity at Deutsche Bank, Getco, Instinet LLC and Knight, in addition to ISE's existing routing capabilities to ConvergEX. The addition of multiple venues for stock execution will enhance the fill rate and execution quality for multi-legged options orders with stock, such as buy-writes and delta neutral orders. ISE currently supports multi-legged orders of up to eight options legs and one stock leg.
The Stock Exchange of Thailand (SET) has continued to boost opportunities for investors by today launching a new application, called “OppDay” on iPad for its highly-popular Opportunity Day event, where top managements of listed companies meet directly with fund managers, analysts and investors each quarter, enabling them and the general public to find out about specific firms directly from the companies themselves, especially about performance and plans.
With the increase of TASE-listed high-tech companies to almost 140 companies and within the efforts of TASE to position itself as a financial hub for high tech companies, two sectors will be launched: "Technology" and "Biomed", in which all TASE high-tech listed companies will be consolidated.
The change in the sector classification of these companies will apply as of Thursday, 1 November 2012.
The Luxembourg Stock Exchange relaunched its website on 22 October, in what is the first step in a wide-ranging redefinition of its online offering.
Dubai Financial Market (DFM) announced it has signed an agreement with Dubai eGovernment which will enable market participants to pay the exchange’s fees electronically through the Dubai eGovernment Portal. This Portal is one of the Government of Dubai’s main initiatives aimed at providing effective and secure channels to facilitate the relations between government departments and the public, which will ultimately save time and effort.
The international derivatives market Eurex Exchange has announced a new incentive program for trading participants based in Asia and Australia. The initiative – launched at the beginning of October – aims to attract new participants to Eurex and to make trading even more interesting for existing members. The program offers significant reductions in connection fees and will grant additional volume-based discounts for Asian-based subsidiaries of existing Eurex members.
BSE Ltd. has been the first amongst global peers to join five other leading exchanges that have publicly committed to promoting sustainable investment practices. The other exchanges such as the Brazilian stock exchange BM& FBOVESPA, Egyptian Exchange (EGX), Istanbul Stock Exchange (ISE), Johannesburg Stock Exchange (JSE) and NASDAQ OMX made a commitment towards improving sustainability at the SSE, Sustainable Stock Exchanges 2012 global dialogue in Rio de Janeiro earlier this year.
BME, through its innovation subsidiary, BME Innova, and in association with Anadat Consulting, one of Spain’s main virtualisation integrators, has launched the solution BME InCloud, a Cloud computing service tailored to the needs of SMEs.
ΑΤΗΕΧ is proud to announce the launch of its new, series of Statistical Products, providing all interested parties, with highly reliable statistical data extracted directly from the information systems that produce them.
Dubai Financial Market (DFM) launched its sophisticated online disclosure solution ‘Efsah’ (the Arabic synonym of “Disclosure”); a secure web-based application enabling listed companies to publish their disclosures swiftly and effectively.
NYSE Euronext (NYX) announced the launch of a Retail Matching Facility (RMF) on its European regulated cash markets, a new service which enables Retail Liquidity Providers to offer price improvements to retail investors. This initiative, which meets all pre- and post-trade MiFID requirements, will be available as of mid- January 2013.
Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the pending listing of the first dual counter (DC) security, Harvest MSCI China A Index ETF (Harvest ETF, or Exchange Traded Fund) on The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEx.
BME’s co-location service will start operations on November 12th in its Data Processing Centre, in Madrid. In addition, BME will provide high-tech facilities to house its Market Member’s automatic trading systems.
Deutsche Börse's new premium corporate bond segment launches today. The first tradable bond is from Deutsche Börse AG (ISIN DE000A1RE1W1).
The Prime Standard for bonds offers companies an exchange segment with the highest transparency requirements in Europe. Companies trading their bonds there raise their profile and thus increase their visibility among potential investors. In addition to addressing institutional investors the world over, companies issuing a large volume of bonds will gain access to a broader and more direct distribution channel to private investors for the first time.
The International Securities Exchange (ISE) announced that it has partnered with MEB Options to introduce Spread CrawlerTM , a new tool that provides powerful insight through Instant Messaging (IM) into the entire universe of real-time actionable spread orders. This unique product aggregates streaming spread book data from all options exchanges and transmits individual, user-defined spread orders to subscribers via IM. Spread Crawler simplifies the monitoring of live spread book feeds, while displaying spreads that satisfy customized pre-defined parameters.
HKEx Information Services Limited (HKEx-IS), a wholly-owned member of the Hong Kong Exchanges and Clearing Limited (HKEx) Group, has obtained approval from Chinese authorities to establish a financial information services business subsidiary in the Mainland.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Financial Services Authority (FSA), an independent body that regulates the financial services industry in the United Kingdom (UK), announced that the FSA has selected NASDAQ OMX's SMARTS Integrity market surveillance system to further enhance the FSA's monitoring of transaction reports across the UK's financial markets.
CBOE Futures Exchange, LLC (CFE) plans to expand trading hours for CBOE Volatility Index (VIX Index) futures to virtually 24 hours from eight hours beginning sometime in 2013, CBOE Holdings Chairman and CEO William J. Brodsky announced at the CBOE Risk Management Conference Europe near Dublin, Ireland. VIX Index futures will be the first contract traded on a CBOE Holdings exchange with around-the-clock access, five days a week, pending regulatory approval.
The International Securities Exchange (ISE) announced that it has received SEC approval to introduce $0.50 strike price intervals in weekly options. The exchange began listing weekly options in the more granular $0.50 strikes, offering an expanded range of strike prices and potentially a lower cost of entry to investors who are using weekly options to effect their trading and hedging strategies. This new program extends to weekly options classes that currently trade in one dollar increments, and all other contract terms remain unchanged.
- WSE, PSEO and PolPX have signed a co-operation agreement aimed at development of Poland’s effective electricity market and joint initiatives to develop a single European electricity market.
- The co-operation will improve the competitiveness, liquidity and transparency of the Polish electricity market.
The Taiwan Futures Exchange plans to launch weekly TAIEX options (TXO) in November 2012.
IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, and Cetip S.A. — Latin America's largest private fixed income depository — announced the launch of a Brazilian fixed income trading platform. The platform, Cetip | Trader, brings together electronic trading, voice confirmation, straight through processing and real-time and historical data in a single tool that will provide transparency, price formation, and workflow automation to Brazil's fixed income markets.
Bursa Malaysia has made enhancements to its trading system through the introduction of new order and validity types, allowing market participants to execute a greater variety of trading and risk management strategies. The enhancements form part of the initiatives undertaken by the Exchange to improve the market’s framework and efficiency.
The Shanghai Stock Exchange (SSE) has launched a program of serving micro, small and medium-sized enterprises (MSMEs).
TMX Group Inc. announced its commitment to contribute to the development of the impact investing field in Canada as a founding supporter of the MaRS Centre for Impact Investing (the Centre). TMX Group will contribute funding, resources and leading capital markets expertise to the Centre, and will work to strengthen programs initiated by the Centre to mobilize private capital to tackle social and environmental problems.
Singapore Exchange (SGX) announced that it is ready to list, quote, trade, clear and settle securities denominated in Chinese Renminbi (RMB).
NYSE Euronext (NYX) has received approval from the U.S. Securities and Exchange Commission (SEC) to establish a first-of-its-kind Retail Liquidity Program, a market innovation that produces cost savings for individual investors through price improvement on retail equities trading order flow for New York Stock Exchange (NYSE) and NYSE MKT listed and NASDAQ UTP-traded equity securities.
NYSE Euronext (NYX) and TradingScreen announced a partnership to give institutional investors easier access to corporate bond markets that meet the criteria defined by the Cassiopeia Committee in April 2010. NYSE BondMatch is one such market.
- New options exchange to offer market structure and pricing flexibility
- Exchange will run on ISE’s existing Optimise™ technology platform
- Member firms will be able to use existing connectivity to ISE to access the second exchange
- Anticipated launch by the end of 2012
Tokyo Stock Exchange, Inc. ("TSE") announced that the trading hours of TOPIX futures listed on the NYSE Liffe market will be extended to cover the Asian and Japanese hours on and from Monday 30 July 2012.
Oslo Børs will from 6 August reduce the opening hours for trading equities and derivatives with one hour, and close at 16:30 CET. The measure is done to improve quality and liquidity throughout the trading day and at the same time strengthen the strongest Nordic market for capital issues by allowing more time for fundraising after exchange opening hours.
BM&FBOVESPA, the Association of Capital Markets Investors (AMEC) and the Brazilian Institute of Corporate Governance (IBGC) signed an agreement on June 27th for the establishment of the Mergers and Acquisitions Committee (CAF). This is a voluntary self-regulatory organization aimed at assuring the equitable treatment of publicly-traded companies’ shareholders during public tender offers and corporate restructuring.
NASDAQ OMX (Nasdaq:NDAQ) announces its intention to launch a new London-based trading venue, NLX, offering a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed derivative products. NLX aims to enhance the competitive landscape by providing highly competitive execution and clearing fees and significant margin efficiencies. The platform will be launched by Q1 2013, pending Financial Services Authority approval.
ASX is introducing a range of enhancements to Centre Point, its anonymous mid-spread matching solution. This will include the launch of Centre Point Block, a new service that supports users seeking larger block execution that allows them to nominate a minimum acceptable fill size for their anonymous block order.
CME Group announced it will extend open outcry trading hours for CBOT Grain and Oilseed futures and options to 2 p.m. CT, Monday to Friday. Daily settlements will move from 1:15 p.m. CT and will be based on market activity at or around 2 p.m. CT each day for the Grain and Oilseed futures and options as well as for Ethanol futures and options. The new open outcry trading hours will be effective beginning June 25, 2012, pending CFTC review.
NASDAQ OMX Nordic announced the plan to broaden its Norwegian shares trading and routing offering, by enabling its members to trade all shares listed on Oslo Børs on NASDAQ OMX Stockholm AB. To complement the trading offering, NASDAQ OMX Stockholm is planning to introduce a new routing strategy enabling access to Oslo Børs opening and closing auctions, as well as enabling posting of orders on Oslo Børs. The timeline of the plan is set to September 2012 and is subject to regulatory consent.
NYSE Euronext Lisbon, Sociedade Rebelo de Sousa (SRS) & Advogados Associados, RL, (Law Firm and Associates), Deloitte Consultants and Banco Carregosa (Bank), announce an agreement aimed at promoting the listing of Small and Medium Enterprises (SMEs) on the NYSE Alternext market. The agreement will create a unique multidisciplinary team, with legal, financial and brokerage skills, that will act as a sole access point to assist SMEs in their listing process on NYSE Alternext, the tailor made market for small and mid cap companies.
NASDAQ OMX Corporate Solutions announced the launch of Media Intelligence, an intuitive SaaS (software-as-a-service) platform providing real-time media monitoring and analysis across the entire media spectrum of print, online, broadcast and social media for public relations and investor relations professionals. Media Intelligence is part of NASDAQ OMX Corporate Solutions, a NASDAQ OMX technology software business dedicated to helping public and private companies minimize risk, maximize efficiency and increase transparency through leading PR, IR and governance products.
The Montréal Exchange (MX) announces new user-defined strategy and inter-group strategy functionalities for its futures market on SOLA. These functionalities will be implemented in the production environment on May 14, 2012.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced at the Options Industry Conference that it will launch NASDAQ OMX BX OptionsSM (BX OptionsSM) in June 2012, pending SEC approval. BX OptionsSM will reward retail customers who wish to access liquidity and provide market makers with additional opportunities to provide liquidity, initially with a price/time trading system.
The Stock Exchange of Thailand (SET) and Association of Thai Securities Companies (ASCO) will improve the quality of service available in the capital market.
BME, through its subsidiary BME Market Data, expands its range of information products for the Spanish stock market, among which are a new family of analytics products which, in a first stage, incorporate daily data on securities lending and margin buying as well as monthly information on floating capital tranches and liquidity of stocks.
OneTick Database, a single solution for capturing, storing, and performing financial analytics on historical and real-time tick by tick data, has been selected by SIX Financial Information, formerly known as SIX Telekurs, the financial data vendor that specializes in procuring, processing and distributing international financial information, to be its central, firm-wide repository for storing and running analytics on all global tick data. OneMarketData, the founder of the OneTick suite of products which includes the fully-integrated OneTick Database and OneTick CEP engine, announced today that SIX Financial Information will make the OneTick Database a critical component in the re-architecture of its core market data distribution platform.
The National Stock Exchange of India launched its SME platform called EMERGE. It is a trading platform for emerging companies which will provide capital raising opportunities to fast growing businesses with good governance standards not large enough to list on the main board.
The Johannesburg Stock Exchange (JSE) recently announced a new strategy for growing its investment offerings from Africa. This includes collapsing its Africa Board listing into the exchange’s Main Board and actively pursing smaller and medium sized African companies for a listing on its AltX Board.
On March 28, 2012, the Montreal Exchange (MX) requested expedited Commodity Futures Trading Commission (CFTC) review of the MX’s S&P/TSX 60 Index Mini futures contract so that it may be offered to U.S. persons. MX also requested that the contract may be made available through direct access terminals in the United States.
Investors can now get up-to-date HKEx news and market information through HKEx Mobile, a new website designed for smartphones launched by Hong Kong Exchanges and Clearing Limited (HKEx).
Thailand Futures Exchange (TFEX) is ready to allow precious metal-related members to become full members, so that they will be able to trade all derivatives products listed on the market. It also plans to accept new trading members.
The Cyprus Stock Exchange has established in 2010, its Emerging Companies Market. The Emerging Companies Market (E.C.M), as a Multilateral Trading Facility (MTF) has more simple listing requirements/ continuous obligations than the Regulated Market and it therefore offers new opportunities for companies and investors.
With the aim of achieving the necessary liquidity in the securities market and for offering to investors a wider range of products and services, the Cyprus Stock Exchange has recently introduced the operation of the Market Maker in its securities market.
The Tokyo Stock Exchange Group, Inc. (“TSE”) announced that it will acquire the remaining 49% in TOKYO AIM, Inc. (“TOKYO AIM”) currently held by the London Stock Exchange plc. Effective 28th March 2012 TOKYO AIM will become a 100% subsidiary of TSE. There will be no change to TOKYO AIM’s market operations as an immediate result of this announcement.
FTSE Group (“FTSE”), the award winning global index provider, announces that NYSE Euronext (NYX), a leading global operator of financial markets and provider of innovative trading technologies, will be adopting the widely-used international sector classification standard – Industry Classification Benchmark (ICB) – across its affiliated exchanges in Belgium, France, the Netherlands, Portugal and the US.
The NYSE Big StartUpSM, a nationwide jobs-growth initiative designed to connect young companies and entrepreneurs with corporate America, was launched by NYSE Euronext (NYX) in collaboration with Accion, Entrepreneurs’ Organization (EO) and The Startup America Partnership. The program calls on the nation’s corporate community to lend support, experience and resources to startups and small companies to improve procurement, networking, business development, training, marketing and information sharing. Yelp (NYSE: YELP), LinkedIn (NYSE: LNKD) and Microsoft (NASDAQ: MSFT) are among the first corporations to participate in this endeavor. In addition to information and events to be provided as part of the initiative, a microfinance program called the Accion NYSE Job Growth Fund, started with a $1.5 million commitment by NYSE Euronext, will provide small businesses and startups with the capital and support they need to grow.
The Stock Exchange of Thailand (SET) joins hands with 27 securities firms to launch the “I’m Online Investor” campaign, aiming to add 100,000 retail investors trading via Internet this year, stimulate investment, and lay the educational foundations for new investors.
Climate data from 1,800 companies around the world will be available online free of charge as part of the data partnership between the Carbon Disclosure Project (CDP) and Deutsche Börse. The data can be accessed at www.boerse-frankfurt.com. It enables comparisons between companies in terms of their contributions to climate protection and transparency with regard to their carbon emissions.
IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the successful release of WebICE version 12.600 as well as other ICE platform improvements, including additional support for customized trading strategies.
Singapore Exchange (SGX) introduced dual currency trading which enables listed securities to be traded in two different currencies. This additional functionality on its trading engine aims to deliver greater cost efficiency to investors as they are able to trade foreign-denominated securities in their local currency.
Deutsche Börse announced the launch of a new service as part of the on-going strive to improve the service offering for latency-sensitive customers of its derivatives market Eurex Exchange and its cash market Xetra. As of 2 April, a new Time Service will be launched enhancing the current ExServes product portfolio, which comprises all services and solutions for access to the trading systems of Deutsche Börse Group. The new tool will allow for better synchronization of clocks of customers’ installations in Deutsche Börse’s co-location facility with the matching engines of Eurex and Xetra.
Singapore Exchange (SGX) and Eurex announced a partnership to deliver convenient market access and cost efficiencies to members of both exchanges. Both companies plan to link their co-location data centers to provide market participants easy connectivity to each other’s markets in Singapore and Frankfurt/Main respectively.
Singapore Exchange (SGX) is adding the MSCI Indonesia Index Futures to its suite of Asian equity index derivatives in the second quarter of this year.
Singapore Exchange (SGX) announced NYSE Technologies, the commercial technology division of NYSE Euronext, is extending its Secure Financial Transaction Infrastructure (SFTI) network to the SGX data centre in Singapore.
Singapore Exchange (SGX) brings Asian markets closer to global investors with the launch of hubs in Chicago and London.
The hubs are the first by an Asian exchange and will provide customers with convenient and cost-effective local connections to SGX markets.
NYSE Euronext's fixed income trading platform, NYSE Bonds, and Bloomberg Trade Order Management Solutions (TOMS) now offer sell-side fixed income dealers an integrated platform to access the U.S. corporate bond market. Dealers using Bloomberg TOMS, the leading order management platform for U.S. fixed income securities, can now trade on the NYSE Bonds marketplace via the Bloomberg Professional® service, which is used globally by more than 310,000 subscribers.
Osaka Securities Exchange Co., Ltd. (OSE) is pleased to announce that the U.S. Commodity Futures Trading Commission (CFTC) has certified under CFTC Rule 30.13 that the Nikkei Stock Average Volatility Index Futures (Nikkei 225 VI Futures) may be offered or sold to U.S. persons, as of March 10, 2012 (U.S. EST).
Marked by a well-attended bell-ringing ceremony, BSE Ltd. launched operations of its SME Exchange platform with the first listing ceremony of BCB Finance Ltd., in the presence of Shri R K Mathur, Secretary, MSME, GoI. Shri Rajeev Agarwal, Whole Time Member, SEBI, and Shri C S Mohapatra, Adviser (FSDC), DEA, MoF.
CME Group announced that beginning May 7 it will offer portfolio margining of over-the-counter interest rate swap positions and Eurodollar and Treasury Futures for house accounts. The risk reduction achieved by this program may result in capital efficiencies of up to 85 percent for certain portfolios, figures that remain unparalleled in the industry. Later in the year, the same benefits will be available for customer accounts pending regulatory approval.
İMKB will launch the financial education information platform “Conscious Investor” on Monday, March 12, at www.bilincliyatirimci.org.
Clearstream and Deutsche Bank, partners in the Russian market for 6 years, continue to facilitate market openness in the region. Clearstream, via its Russian agent Deutsche Bank Ltd. Moscow, now has successfully settled its first domestic government bond transaction on an over-the-counter (OTC) basis. This type of transaction represents a significant step forward in the liberalisation of the Russian government bond market: Clearstream customers can now safekeep Russian government bonds (OFZ bonds) in addition to Russian equities. The expansion of the service for Russia has been made possible by recent changes in the local securities market regulation. The changes were developed through close collaboration between local market participants and regulators.
Hong Kong Exchanges and Clearing Limited (HKEx) will implement the second phase of the new trading hours for its securities and derivatives markets1 from 5 March (Monday) this year. The implementation of the second phase of the new trading hours is aimed at aligning the opening of the Hong Kong securities market's afternoon trading session with that of the Mainland market, and further increasing the overall competitiveness of HKEx's markets in the region.
MEFF, BME’s Derivatives Market, is planning to extend the trading hours for IBEX 35 Futures as of May 21. Trading will then take place from 9:00 to 20:00 hrs for these contracts while the current trading hours, from 9:00 to 17:35 hrs, will apply to the rest of Derivatives products traded on this market.
NASDAQ OMX Corporate Solutions today announced that its leading newswire, GlobeNewswire, will broaden its long-term partnership with China PRNews to bring global news distribution to Chinese companies. Through this agreement, China PRNews will offer GlobeNewswire's robust global distribution platform to its clients in China and provide Chinese companies with greater visibility opportunities outside of their market.
The Saudi Stock Exchange (Tadawul) announces adding a new link on its website displaying the Put-Through trade information executed during the trading day as well as the historical information since 01/01/2011.
On February, 6th, 2012 the Baku Interbank Currency Exchange (BBVB) and the Central Bank of Azerbaijan (CBA) signed the contract on connection of BBVB to bank system Temenos T24.
The Thailand Securities Depository Co., Ltd. (TSD), under The Stock Exchange of Thailand (SET) group, joins hands with The Siam Commercial Bank pcl (SCB) to launch Thailand’s first e-dividend service application via ATM to facilitate securities holders who are customers of the bank, enabling them to get faster service and reduce the documentation process.
The Bulgarian Stock Exchange has announced a change in its trading timetable. The purpose is to synchronize the exchange’s trading session hours with the European markets and thus fulfilling one of the objectives set in the “BSE Development Strategy until 2012”. Under the plan, the time interval for executing trades on the exchange will be extended.
The Stock Exchange of Thailand (SET) will boost efficiency of information disclosure of listed companies through electronic media by introducing Straight-Through system to increase speed of information dissemination and for equality in getting information for investment, starting from January 30.
MICEX-RTS starts to provide full-fledged Direct Market Access (DMA) to the Exchange’s FX Market for all categories of the market participants. A project on organizing a two-tier access trading on the Exchange’s FX Market launched in autumn 2010 has thereby made a step forward.
NY Tech Meetup (NYTM) and NASDAQ OMX (Nasdaq:NDAQ) announced a partnership focused on engaging, educating and promoting New York City's technology community in unique and relevant ways. The partnership will include the collaborative production of a series of videos featuring New York-based tech companies and their founders; an event series focused on women in technology, held at the NASDAQ MarketSite in the heart of Times Square; and a public service announcement highlighting New York as the ideal place to build and nurture a technology company.
In order to enhance the validity and usefulness of information in annual reports of listed companies, the Company Management Department of the Shanghai Stock Exchange (SSE) has recently issued the "No. 5 Memorandum on Annual Reports of 2011 for Listed Companies – Requirements for Compiling the Management's Discussion and Analysis (MD&A)" (the Memorandum) which stresses the importance of narrative information disclosure in annual reports of listed companies and further standardizes the disclosed information in the MD&A. An SSE principal told that the MD&A would be of the highest importance in the after-action check on annual reports this year.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced two new Access Services offerings, Super Cab and 40G Client Connectivity, which provide NASDAQ OMX Data Center customers with the highest cabinet power, fastest access and highest bandwidth available in an exchange's co-location facility. The launch of Super Cab is effective immediately and 40G Client Connectivity will launch subject to filing with the Securities Exchange Commission.
TMX Group Inc. announced that phase four of its co-locationfacility will open in Q2 2012. Strong demand for co-location with TMX Group, as well as rapid adoption of prior phases, has advanced implementation of phase four.
CME Group announced that it will establish a $100 million fund designed to provide further protection of customer segregated funds for U.S. family farmers and ranchers who hedge their business in CME Group futures markets. In light of the recent MF Global failure, in which a clearing firm violated CFTC regulations and misused customer monies that should have been kept segregated, CME Group is adding this extra security measure to protect the country's food producers who are using CME Group futures markets to hedge their crops and livestock that feed the world.
Dubai Financial Market (DFM) announced the inauguration of its educational trading floor at Dubai Men's College, a leading initiative amongst the regional financial markets. This development reaffirms the exchange's commitment to Corporate Social Responsibility (CSR) and continuous efforts to enhance the educational environment through linking theoretical studies with practical experience and offering the students an opportunity to learn interactively.
SME Advisory Board and Borsa Italiana launched AIM Italia- Mercato Alternativo del Capitale. This new market will combine the AIM Italia and MAC markets in Italy and will enhance Borsa Italiana’s listing options for SMEs. Creating greater choice for companies, the new AIM Italia – Mercato Alternativo del Capitale has been built in response to feedback from companies, investors and brokers.
Eurex Group and the Institute for Financial Markets (IFM) announced that they have teamed up to offer a joint educational initiative. Both partners aim to bring IFM’s best-in-class derivatives education to Eurex Exchange members and potential clients as well as the general industry. One joint initiative will be the first-time offering of IFM’s well-respected courses in the form of webinars in English. A large subset of the webinars also will be available in Brazilian Portuguese. Members of the brokerage community will be involved to further extend customer outreach.
Market Data & Analytics Deutsche Börse has launched “AlphaFlash”, its algorithmic news feed, in a data center in Sao Paulo. The feed is available
now in Brazil, marking AlphaFlash’s official expansion into South America.
AlphaFlash is hosted at a data center at a local exchange in Sao Paulo.
NYSE Euronext has launched a new channel on its website dedicated to financial services regulatory policy in the European Union. The site kicks off with a review of the European Commission’s proposals on MiFID II and MiFIR. Aimed at legislators, policy makers, opinion formers and the media, the webpage will provide a new source of information, comment and analysis from a major player in European capital markets.
The Stock Exchange of Thailand (SET) continues to protect investor rights and benefits by introducing its Trading Alert List, a list of securities showing unusual movement of prices and trading volumes compared with the previous trading session, to warn investors about those unusual movements, starting from January 23.
The Thailand Futures Exchange plc (TFEX), under The Stock Exchange of Thailand (SET) group, gears up its 2012 plan to grow trading volume and expand investor base. The plan includes the launch of new product, US dollar futures, and extensive educational and marketing programs for investors starting this year with the promotion “Gold rewards to celebrate Golden Dragon Year”.
Singapore Exchange (SGX) is introducing the ‘My Gateway’ portal to meet increasing investor interest for more investment knowledge and education.
Located at www.sgx.com/mygateway, the portal provides one-stop shop access to market updates, video clips on investment products, information on seminars or courses which investors can sign up for, and tools like investment or profit and loss calculators.
BM&FBOVESPA is recommending that as of 2012 listed companies state in item 7.8 of the Reference Form (“Description of the company’s relevant long-term relationships not elsewhere described”) whether they publish a regular sustainability report and where it is available, or explain why not.
In addition to the high speed and extensive data already provided by the TSE, we will begin offering an innovative new web service - "TSE Market Impact View (β version) - which converts mass quantities of data into easy to understand, more visible analytical information.
The ATHEX Board of Directors (BoD) decided:
1) A new pricing policy for the Derivatives Market, according to which the rebates to investors and members of this market exceed, in terms of 2011, the sum of 2,5 million euro.
More specifically, the following were decided:
A. Rationalization of the Futures and Options contracts' fees, on shares and indices. The decline in prices of the underlying values had made the derivative products' fees non-competitive. For this reason, among others, more scales were added for underlying values' prices less than 5 euro in order to regain the competitiveness of the relevant products.
B. Significant reductions between 40%-70% in the annual members' subscription fees, which combined with theabolishment of the one-off initial membership fees, aim to avert members from leaving the market and also attract new members from Greece and Cyprus.
The new pricing policy will be in force from the 1st of January 2012. Analytical description will be uploaded on the ATHEX website, as an amendment of the ATHEX BoD Resolution No 24.
2) New methodology for the limitation of the increased intraday volatility of the prices of the stocks that present low transaction value.
Hong Kong Exchanges and Clearing Limited (HKEx) will proceed with a revised version of its proposal and start after-hours futures trading (AHFT) in the second half of 2012 after market support was found in a consultation.
To further deepen the education for investors and to strengthen the ranks of rational investors, the Shanghai Stock Exchange (SSE) has joined hands with leading securities companies to make every effort in building the online investors' school this year. As a fruit of the first phase of the online school, 67 episodes of video programs of elementary and intermediate courses for small and medium-sized investors have recently been put online for the investors' self-study by free logging on to the SSE's website for investors' education (http://edu.sse.com.cn). Meanwhile, the program will be aired repeatedly in the brokerage houses across the country through the broadband broadcasting satellite system of Shanghai Stock Communication Co., Ltd. to achieve the sharing of educational resources for investors in the industry. In the future, the online school will also seek to work with the mainstream online media to provide convenience for more investors by airing online educational videos and courseware on relevant websites.
Tokyo Stock Exchange Group, Inc. (TSE) launched "TSE Magazine 'Evolving Japan'", TSE's first PR magazine targeting overseas investors. This magazine was created for the purpose of supporting IR activities of listed companies and allowing international investors to gain insight into the appeal of Japanese companies as well as the excellent quality of the Japanese economy and its market.
Market participants can now transact large-sized orders on futures contracts listed on Bursa Malaysia Derivatives via the Negotiated Large Trade (NLT) facility. This newly introduced facility allows large trades to be transacted at a single price, thereby minimising slippage and execution uncertainties.
Platts, a leading energy, petrochemicals and metals information provider, and IntercontinentalExchange (NYSE: ICE), a leading operator of regulated futures exchanges, clearinghouses and over-the-counter markets, are combining capabilities to provide the market with an integrated solution for commodities information and trading, with ICE becoming a distributor of Platts’ electronic products and services.
NYSE Technologies, the commercial technology unit of NYSE Euronext (NYX), announced the continued expansion of its Historical TAQ product suite to include European Cash Equities and Fixed Income data from Euronext markets as well as Derivatives data from the NYSE Liffe U.S. market. Complementing the recent additions of U.S. Options and NYSE Liffe derivative products from January 2011, these additions further enhance the historical TAQ product suite that includes a broad range of key trading venues around the world and all NYSE Euronext markets.
The International Securities Exchange (ISE) has enhanced its complex order book to enable market makers to provide two-sided quotes for complex, or multi-legged, instruments. This capability was developed as part of ISE's implementation of the Optimise™ trading architecture and successfully launched on December 1.
BSE Ltd. (formerly Bombay Stock Exchange Ltd.) in collaboration with Morningstar India, launched a dedicated website to empower investors with relevant information and tools on evaluating mutual fund investment opportunities.
Scoach Switzerland, the exchange for structured products, will publish theScoach Market Report Express on 2 December 2011 for the first time. It is targeted at those investors, market participants and members of the public who wish to gain key trade data as fast as possible. The new Scoach Market Report Express always reports on the previous month and is published on the second trading day of the following month. It complements Scoach's existing information offering and is an additional means of increasing transparency in the structured products market. Market Report Express will be published every month and is available free of charge.
The Budapest Stock Exchange launched its new market, BETa Market, in November 2011, where investors can trade with foreign equities. Equities bought on the BETa Market are identical in every way to those traded on foreign markets. Trading is conducted in Hungarian forints, thus the BETa Market offers access to the equities of several European companies issued in foreign currency without the need to face currency conversion costs.
Until previously, Co-Location and Proximity Service users were limited to trading participants, information vendors, and independent software vendors (ISV). However, in October 2011, non-trading participant users were defined as "CSP" (Co-Location Service Supporting Providers).
The Australian Securities Exchange (ASX) has entered into a content sharing agreement with the United States Options Industry Council (OIC), the premier body in the US created to educate investors and financial advisers about the benefits and risks of exchange-traded equity options.
As of 2012, companies will be able to float bonds on the Prime Standard of the Frankfurt Stock Exchange. The new segment will provide cost-effective access to private and institutional investors on the primary market and liquidity and transparency on the secondary market. The Prime Standard for corporate bonds is aimed at larger listed and non-listed companies that wish to place an issue volume of over €100 million.
The Palestine Exchange (PEX) has issued the "Investor Relations" guide; the first of its kind in Palestine to include comprehensive information on the concept of Investor Relations (IR) and its vital role in public shareholding companies. Issuing an IR guide was one of the recommendations of the Fourth Annual Palestinian Capital Market Forum of 2010.
Nilex market will start operating, effective Sunday November 13th, on a continuous trading basis, similar to the main market.
The Egyptian Exchange (EGX) and The General Authority for Investment (GAFI) signed a Memorandum of Understanding (MOU) for mutual cooperation aiming to attract new companies to list in the Egyptian stock market for small and medium enterprises, Nile Stock Exchange (NILEX).
The MICEX and Ernst & Young (CIS) BV have signed an agreement on cooperation in the development of the MICEX Market for Innovations and Investments (MICEX MII).
The Stock Exchange of Mauritius (SEM) has launched its new-look website www.stockexchangeofmauritius.com, replacing the previous version which was launched in June 2001 to coincide with the implementation of SEM’s Automated Trading System (SEMATS). SEM’s new website is user-friendly and contains a number of new features aiming at empowering local as well as foreign investors, both retail and institutional, and assisting them in their search for stock market data and information.
Osaka Securities Exchange Co., Ltd (OSE), operator of the JASDAQ market, and NASDAQ OMX Corporate Solutions, Inc. announced the addition of Corporate Intelligence (CI) to the suite of products JASDAQ and OSE can offer OSE listed companies.
NYSE Euronext Lisbon is pleased to announce the implementation of the Issuers Senior Advisory Committee (ISAC) with the aim of strengthening the relationship with the listed companies’ community.
Opciones y Futuros de Renta Variable, Manual Práctico is the title of a new book published by BME as part of its Studies & Research Collection – a complete guide to Derivatives products which will provide the reader with the necessary knowledge to use options and futures in different hedging and arbitraging strategies.
NYSE TechnologiesSM, the commercial technology division of NYSE Euronext, announced the launch of the Capital Markets Community Platform Advisory Service which assists market participants in discerning the functional, economic and security benefits of moving to a cloud environment. Designed and supported in collaboration with EMC, this financial industry focused consultation service offers customers an extensive operational review that identifies the potential benefits and efficiencies of moving critical applications to the Community Platform's cloud environment.
The Ministry of Economy and Finance and Borsa Italiana, in partnership with Banca Europea per gli investimenti, Fondo Italiano d’investimento, and SACE, present some important initiatives aimed at supporting Italian SMEs.
The International Securities Exchange (ISE) has introduced the ISE Implied Volatility and Greeks FeedTM, a joint offering from ISE and Hanweck Associates. Powered by Hanweck Associates' high-performance VoleraTM engine, this feed provides real-time, low-latency, tick-level options analytics for all equity, index and ETF options traded on the nine U.S. options exchanges.
SIX Swiss Exchange will offer co-location services for its new equities trading platform X-stream INET together with Equinix, a provider of global data center services. Connection to the new platform, scheduled for launch in the first half of 2012, will be provided in Equinix’s Zurich International Business Exchange (IBX) data center, and will offer market participants significantly enhanced trading capacity and reduced latency.
NASDAQ OMX has decided to adopt the ICB (Industry Classification Benchmark) standard globally, effective as of February 1, 2012. The NASDAQ OMX exchanges in Stockholm, Copenhagen, Helsinki, Reykjavik, Tallinn, Riga, and Vilnius will adopt ICB which is the current standard on the NASDAQ OMX exchanges in the US.
The Thailand’s Futures Exchange plc (TFEX), a subsidiary of the Stock Exchange of Thailand (SET), issues a guideline for the settlement of expiring series of the gold and silver futures prices in case the derivatives market has to be closed prior to the last trading day of expiring contracts, or on the last trading day.
Hong Kong Exchanges and Clearing Limited (HKEx) is launching a series of issuer services in October 2011 aimed at boosting the visibility of listed companies and improving communication between listed companies and the investment community.
Qatar Exchange launched an ambitious initiative aiming at allowing investors to have their dividends directly deposited in their bank accounts. The purpose of this initiative, which comes in line with the best international practices, is to help develop the Qatari financial market and protect investors' rights.
NYSE Euronext (NYX) filed a proposal with the U.S. Securities and Exchange Commission (SEC) to establish a first-of-its-kind Retail Liquidity Program on a pilot basis that would produce cost savings for individual investors through price improvement on retail order flow for New York Stock Exchange and NYSE Amex listed equity securities.
BM&FBOVESPA announces that the trading times for the BOVESPA segment shall be changed as of October 17, due to the start of daylight saving time in Brazil on October 16. There shall be regular trading in a continuous session from 11:00 a.m. to 7:30 p.m. The After-Market shall operate uninterruptedly from 6:30 p.m. to 7:30 p.m. In the period up to October 14, regular trading shall be from 10:00 a.m. to 5:00 p.m. and After-Market trading from 5:30 p.m. to 7:00 p.m.
CME Group, the world’s leading and most diverse derivatives marketplace, announced CME Co-Location Services, comprised of hosting, connectivity and support services, will officially launch for trading on Sunday, January 29, 2012. The co-location service allows for the lowest latency connectivity possible for trading all products on the CME Globex platform.
The Stock Exchange of Thailand (SET) announces the first collaboration of its new post-trade service with four leading banks – HSBC Thailand, Standard Chartered Bank (Thai) plc, Bangkok Bank plc, and Citibank Thailand – in which they agree to send corporate action news via SWIFT messages starting from this month.
NYSE Liffe, the global derivatives business of NYSE Euronext, announced that it will begin publishing weekly Commitments of Traders (COT) reports for the commodities futures contracts listed on its London market from Monday, 3 October 2011.
Tokyo Stock Exchange, Inc. (hereinafter "TSE") is scheduled to begin providing a new service in the first quarter of FY2012 related to arrownet, which is the access network to the trading system, market information system, and other systems. In the new service, TSE will achieve the following 4 points with the provision of broadband-line services and consolidated lines.
Settrade.com Co., Ltd. (Settrade), a subsidiary of The Stock Exchange of Thailand (SET) , holds a campaign “Win 30-Baht gold through ETF” to promote Internet trading of exchange-traded funds (ETFs) from October 1 to December 31.
BME and the Spanish Institute of Financial Analysts (IEAF) have created InResearch, an independent financial analysis service for companies listed on the markets managed by BME.
The Thailand Futures Exchange plc (TFEX) announces pre-open period of night session trading of gold and silver futures on September 26, 2011 from 07:15 - 7.30 p.m. to 07:15 - 08:10 p.m.
Singapore Exchange (SGX) is improving its securities market opening and closing routines to enhance transparency and trading safeguards.
Following a lengthy pilot program testing new ISO 20022 corporate actions announcement messages, The Depository Trust & Clearing Corporation (DTCC) has announced that that the ISO 20022 messages will be ready for implementation in November.
The International Securities Exchange (ISE) announced that multi-legged orders that include a stock component can now be entered into its Price Improvement Mechanism (PIM). ISE accepts multi-legged strategy orders of up to eight options legs plus a stock leg. These latest enhancements underscore the new OptimiseTM system’s capability to support a faster time-to-market for upgrades than ISE’s previous trading platform.
Thomson Reuters announced the launch of Elektron at the National Stock Exchange of India (NSE), to provide trading firms with low latency access to the data that they require to fuel algorithmic trading strategies.
Deutsche Börse has added global treasury auction data to its algorithmic news feed “AlphaFlash”. The global treasury data package provides key treasury auction data from 12 countries directly from the source in a low latency, machine readable format. The new service is designed for algorithmic traders, asset managers, hedge funds, analysts and professional investors whose trading decisions are based on government bond market activity.
The Mako Group (Mako), a leading provider of liquidity in derivatives, has selected NASDAQ OMX's SMARTS Broker solution to monitor trading activity across its derivatives markets. Mako will launch SMARTS Broker surveillance coverage across Eurex, NYSE Euronext LIFFE in London, Paris and Amsterdam, Chicago Mercantile Exchange (CME), New York Mercantile Exchange (NYMEX), Chicago Board of Trade (CBOT) and Deutsche Borse (Xetra).
Just in time for the start of school, the Vienna Stock Exchange launched a new website targeting youths – www.borse4me.at – which is a further contribution to general education in the area of finance. A solid basic education in economic topics is a requisite today more than ever for coping with situations in both private life and at work. As knowledge of the capital market is useful regardless of the professional career a person may choose later on, interest in the theme among school students is also increasing. At www.borse4me.at you will find information on the Austrian capital market as well as profiles of jobs in the investment field, diverse quizzes to test your knowledge, and also an e-learning program.
Shenzhen Stock Exchange and Zhengzhou Commodity Exchange to hold the signing ceremony of Cooperative Framework Agreement on Allopatric Disaster Recovery Center Construction in Shenzhen
NASDAQ OMX (Nasdaq:NDAQ) Corporate Solutions today announced the launch of Directors Desk HD, an intuitive, feature-rich and secure iPad App providing directors and executives access to sensitive and timely information on-the-go. The application is available worldwide and can be accessed through the Apple App Store starting on 30 August.
Deutsche Börse is expanding its portfolio of trading and market data connections to include bandwidth of 10 Gbit/s for connectivity to the Eurex derivatives market and the Xetra cash market.
The Australian Securities Exchange (ASX) has launched ASX Options Ready, an education program specifically designed for funds managers interested in trading equity options listed on ASX.
The Philippine Stock Exchange (PSE) is planning to introduce a new service to Trading Participants (TPs) that will promote online trading.
The Stock Exchange of Thailand (SET) joins hands with three organizations to attract alternative energy businesses into the capital market, enhancing national energy stability and strengthening Thailand’s economy.
On 1 September 2011, the European Energy Exchange (EEX) and the Eurex Exchange will introduce a new incentive model for the emissions market which aims at strengthening the EEX CO2 market in the competition with other trading platforms. The model targets the secondary market trading and is designed to increase the attractiveness of EEX prices (tight spreads) and hence liquidity of the markets.
The market data of the Macedonian Stock Exchange can now be subscribed to via the Vienna Stock Exchange. This is another step forward for the Vienna Stock Exchange in its endeavor to position itself as the data hub for CEE.
Recent attention given to the embedded risks of synthetic replication exchange traded funds (ETFs) has raised awareness on the importance of understanding the structures, features and risks of a product for informed investment decisions.
Eurex Clearing, Europe’s leading clearinghouse, announced the launch of its “Individual Clearing Model”, the first major element of a new suite of industry leading client segregation services. The new service is the first segregation solution offered by a clearing house enabling full legal and operational segregation of all assets (positions and margin collateral) for its non-clearing members (clients with trading admission) at the clearing house level. The new model allows for collateral and positions to be transferred immediately in the event of a clearing member default, thus clients are protected and enabled to continue their trading activities.
The International Securities Exchange (ISE) announced that it has received approval from the Securities and Exchange Commission to restructure its Competitive Market Maker (CMM) trading rights and will launch the new program on September 1, 2011. The new structure grants greater flexibility to current and new CMMs to select the options classes they would like to quote.
IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the successful launch of BRIX, a Brazilian marketplace for electric power.
survey conducted by Taiwan Stock Exchange
Panel 3 New forms of trading