EXCHANGE NEWSWIRE, 17 July 2009

DB1 appointed Gregor Pottmeyer as CFO to replace Thomas Eichelmann. Pottmeyer, current head of finance and risk management at Mercedes Benz Bank, will take up his role on October 1.

ICE, LCH.Clearnet, DB1 and CME´s OTC clearing infrastructures would jointly make $200 to $400 mn in annual revenues, according to a report by Morgan Stanley.

CME said ELX’s bid-ask spread in 10-year futures resulted in $91,000 higher costs for traders compared to what they would have paid at CME, despite ELX’s lower trading fees.

CBOE CEO Bill Brodsky will claim for merging the SEC and the CFTC in a hearing at the House of Representatives Financial Services Committee. Brodsky will testify today at 11:00 a.m., regarding the Administration's Financial Regulatory Proposals.

NYSE Euronext: Prime Source formed a partnership with Tradition to provide end of day pricing.

NYSE Euronext: Sterlite Industries of India plans to raise $1.5bn in the US in the biggest ADR issue ever.

BVMF3: Bovespa segment set a record yesterday with 444,351 trades and a BRL 6,515 mn.

NASDAQ captured 18 new listings during 2Q09, including 3 switches from NYX, 3 IPOs, 9 upgrades from OTC and 3 ETFS, structured products and other listings.

DB1 listed the db x-trackers S&P US Carbon Efficient ETF on Xetra. The ETF reflects the performance of a maximum of 375 companies with relatively high CO2 efficiency.

Philippine Stock Exchange suspended trading today due to lack of clearing facility because of a typhoon.

ICE was initiated with a “market outperform” rating at JMP Securities.

CME was initiated with a “market outperform” rating at JMP Securities.

Legg Mason senior unsecured credit rating was downgraded from A- to BBB+ with a stable outlook at Fitch Ratings.

Franklin Resources was initiated with “buy” rating and $87 price target at Pali Research.

VISA founded it’s litigation escrow account with an additional $700 mn deposit which  has the effect of a repurchase of 11,578,878 shares of Class A common stock at approximately $60.45 per share, on an as-converted basis, by reducing the as-converted Class B common stock share count from 154,566,658 to 142,987,780.

The SEC’s Corporate Finance Division selected John R. Robinson as the Academic Accounting Fellow for a one-year term beginning next month. Mr. Robinson is the C. Aubrey Smith Professor of Accounting in the McCombs School of Business at the University of Texas at Austin.

Target2Securities: the Eurosystem signed a MoU with 27 European CSDs settling commitment towards the TARGET2-Securities project. The CSDs in all the euro area countries, as well as nine non-euro area CSDs confirmed their intention to provide for the settlement of their national currencies in T2S, in addition to settlement in euro. T2S will create a single, borderless pool of pan-European securities, as well as provide a core, neutral, settlement process.

Provided By: Equity Research Desk, www.erdesk.com