EXCHANGE NEWSWIRE, 26 April 2010
CETIP: the first leg of the lock-up end today, increasing float by 50%. CETIP shares opened down-3.5%.
CME CEO Craig Donahue sent a letter to the SEC on April 21 saying high-frequency trading improved market efficiency. “Any attempt to place significant restrictions or limitations on HFT would be harmful to the marketplace,” Donahue added.
NYX sent a letter to the SEC saying it “believes the SEC should address the regulatory disparity between registered exchanges and ATSs that engage in trading activities analogous to traditional exchange trading.”
DB1: ISE will extend trading hours for all products in its suite of ISE FX Options. Beginning on April 30, 2010, trading in ISE's currency options will open at 7:30 a.m. ET and close at 4:15 p.m. ET.
NASDAQ OMX: Wood & Company became the first member from the central and eastern European region to join NASDAQ OMX Europe as member
HKEx’s CEO, Charles Li, said that the city of Hong Kong has to evaluate its trading hours to get in line with international markets.
Wiener Boerse completed the migration of its derivatives trading to a platform provided by Eurex based on the OMX Click platform.
NZX: 56% of shareholders elected to receive their dividend as bonus shares, the rest elected the NZ0.065 dividend per share.
Irish Stock Exchange 1Q10 equity turnover increased +8% y/y to €11.7 bn and market capitalization +8% q/q to €48.3. Irish Government Bonds and Treasury Bills turnover increased +243% y/y to €85.7 bn and market capitalization increased +17% q/q.
Tokyo Stock Exchange approved the listings of the TSE Dividend Focus 100 ETF and the Next Funds Nomura Crude Oil Long Index Linked ETF; managed by Nikko and Nomura respectively.
CA Cheuvreux released a report that shows that high-frequency trading and the rise in competition in cash equities trading in the UK did not improve market efficiency in recent years. As both bid/ask spreads and trade size are decreasing, then it is difficult to make any conclusion about efficiency," CA Cheuvreax stated.
CLE: Toro Trading selected Orc Software’s options market making solution for connectivity to the Chicago Climate Futures Exchange.
BlackRock reported 1Q10 EPS of $2.17 (+250% Y/Y). AUM at the end of March reached $3.36 trillion (+1% Q/Q).
PIMCO is increasing its exposure to emerging-market corporate debt according to PIMCO Portfolio Manager Ramin Toloui.
SEI launched The Global Asset Management Product Guide, designed to help investment managers understand and compare a broad range of potential investment vehicles.
STT: the EU approved the Intesa Sanpaolo acquisition for €1.75 bn.
Cielo: Banco Santander sold a 7.2% stake con the company to Banco Bradesco for R$1460 mn ($830 mn). This is equivalent to R$14.95 per share, an -11% discount to Fridays closing price.
Julius Baer was upgraded to "Buy" from "Hold" at Deutsche Bank. Target price was raised to CHF48 from CHF38.
CFTC’s 90-day public comment period on position limits in the energy markets ends today.
Iran ratified the new bylaw of foreign investment that will allow foreign individuals and entities to participate in the securities exchanges and OTC markets after obtaining a license that will include a trading limit. The Securities and Exchange Organization of Iran will issue the trading license in seven working days and foreigners will be allowed to buy up to 10 % of a listed issuer's equities, as a non-strategic investor.
Provided By: Equity Research Desk, www.erdesk.com