EXCHANGE NEWSWIRE, 06 May 2010
ICE CEO Jeffrey Sprecher said “the draft bills on OTC Derivatives that are floating around –at the Senate- today are a net positive for us. Most of the technical issues that we had concerns about got fixed in the House bill and translated into the Senate bill.”
NYX: Euronext Lisbon stock and bond markets will resume trading at 1:45 pm and warrants at 1:50 pm after trading was suspended at 12:08 pm for technical problems.
NYX had “dissemination problems” with its European indexes that were resolved by 11:07 am.
NYX spokesman Ray Pellechia said the NYSE yesterday experienced a technical glitch with hand-held devices that affected one per every three floor brokers.
IMAREX reported a net loss of NOK0.35 per share, which includes restructuring charges of NOK10.3m. Adjusted EPS was NOK0.34. Revenues were NOK158m (-10% y/y; +5% q/q). and expenses amounted to NOK158m (-6% y/y; +13% q/q).
IMAREX named Geir Olsen as CEO. Mr. Olsen is IMAREX CFO and has been acting as Interim CEO since March.
CME COO Phupinder Gill said clearinghouses should get access to the Fed window, opposing Senator Blanche Lincoln’s proposal to ban it.
DB1: Xetra started trading four new ETFs issued by ETF Securities that are based on the DAXglobal Coal, DAXglobal Shipping, DAXglobal Steel and Dow Jones-UBS Commodity 3 Month Forward Total Return Index.
TMX had 14 IPO’s in March, seven of which were listed on TSX Venture Exchange. Total financings raised increased 10% Y/Y to C$4.3 bn at TSX and were up almost five times from a year ago to C$745mn at TSXV.
Tokyo Commodity Exchange reopened the gas oil futures market. The exchange listed the gas oil futures contract in September 2003 but suspended it in February 2006. TOCOM re-designed the contract so as to make a wider group of commercial players able to participate in the delivery process.
The European Climate Exchange is preparing Certified Emission Reduction futures for 2013, beyond the time of the Kyoto Protocol and will include a clause specifying the underlying CERs be acceptable for compliance in the EU.
Nomura’s NX dark internal crossing engine received approval to operate in Hong Kong. Trades executed in NX trades must be executed within HKEx’ best bid and offer and be reported to the HKEx.
Equinix will invest $80 mn in expanding its NY4 International Business Exchange data centre. 1,250 cabinet equivalents will be added.
Knight's suite of electronic trading services and algorithms for equities were added to UNX’s Catalyst EMS and Portal.
JSE set a record 184,336 trades on May 5.
BM&FBovespa in March surpassed every US Options exchange in number of stock options contracts traded, according to World Federation of Exchanges.
RTS Standard set a new record of 50,000 trades, +31% higher than the previous record on November 30, 2009.
BME: MAB’s Board appointed KPMG Asesores as a Registered Adviser in the MAB for growth companies.
ROFEX set a record 768,539 US Dollar futures contract volume.
Fortress reported a 1Q10 GAAP net loss of -$261 mn (attributable to Class A shareholders -$84 mn or -$0.58 per share) on revenues of $160 mn (+31% y/y). AUM increased +15% y/y to $30.2 bn.
Charles Schwab entered an agreement with plaintiffs to settle all claims in a civil class action lawsuit related to the Schwab YieldPlus Fund. Under the settlement agreement, Charles Schwab would pay $35 mn to settle California state law claims in addition to the previously disclosed $200 million for plaintiffs’ federal claims.
TD Ameritrade has launched thinkOnDemand, a new way for retail traders and investors to paper trade, or trade using simulated cash and positions.
E*TRADE applied for an order to Canadian securities regulators that the company is not a reporting issuer in the provinces of Quebec, British Columbia, Alberta, Saskatchewan and Newfoundland and Labrador.
EGF’s Asian unit appointed Commerzbank as wealth-management client adviser team in Singapore.
Legg Mason was initiated with a "Neutral" rating at UBS. Target price was set at $33.
T Rowe was initiated witn a "Neutral" rating at UBS. Target price was set at $62.
BEN was initiated with a "Buy" rating UBS. Target price was set at $136.
Invesco was initiated with a "Buy" rating UBS. Target price was set at $28.
Former CFTC Chairman James Newsome, former CFTC chief of staff Scott Parsons and Graham Harper, formerly of the CFTC’s legislative affairs office formed a derivatives consultancy firm called Delta Strategy Group.
The European Commission has asked Hungary to implement MiFID and regulate investment firms and trading venues to ensure a high degree of competition and investor protection.
Provided By: Equity Research Desk, www.erdesk.com