EXCHANGE NEWSWIRE, 25 May 2010
BATS Options won SEC approval to eliminate the requirement of at least one registered options market maker for each option series. BATS completed the roll-out of single names and is now offering options on 2,121 underlying equity securities.
CME plans to cap the maturity of the deliverable securities in longer-dated US Treasury futures contracts at 25 years, to prevent overlap with the new suite of ultra-long Treasury contracts.
NYX: NYSE and AMEX experienced issues with the electronic handheld devices of floor brokers. All other order delivery and order processing is functioned normally.
Chi-X Europe appointed John Woodman as chairman to replace Tony Mackay, who will take up a non-executive position of chairman emeritus.
LCH.Clearnet was granted Recognised Overseas Clearing House status by the UK FSA, allowing LCH.Clearnet to conduct any regulated activity in the UK which is carried out for the purpose of the provision of clearing services.
Knight commenced trading under the ticker symbol "KCG" on the NYSE and NYSE Euronext Paris. The Depository Trust Company (DTC) coordinates share transfers with Euroclear for settlement in Euros.
Eurex will list seven new options on Source ETFs on 1-Jun; one based on the STOXX Europe Mid 200 Source ETF, and six based on the STOXX Europe 600 Optimised Supersectors Source ETFs.
BVMF3 will invite all of the Brazilian presidential candidates to meet with representatives of the international financial community in New York and London.
Tullett Prebon is opening a risk-arbitrage desk leaded by Philippe Allain. Tullett Prebon named Paul Ribbins as head of Risk Management Services. Mr. Ribbins served as Senior IR Swaps Trader at Lehman Brothers.
KRX set a new record on KOSPI 200 options of KWR2.93tn on 25-May.
Portware FX was integrated with Traiana's Harmony Network to clients to streamline post-trade processing and settlements with counterparties.
E*Trade: the 1-for-10 reverse split of its common stock will take effect on June 2, 2010.
BNY Mellon wealth management arm plans to expand its securities custody business among RIAs.
QuantHouse selected Interxion to deliver its services from Interxion’s Financial Hub in its London data centre. QuantHouse is now available to Interxion’s financial services customers.
RTS launched RTS Siberia Index, a new benchmark index comprised Siberian-based companies.
US House Financial Services Committee Barney Frank will chair the committee that will merge the House and Senate's versions of the financial regulatory reform.
CFTC: the Republican commissioner at the CFTC, Scott O'Malia, called for an investigation into delays in processing and clearing trades made on May 6. “Without proper confirmation of trades, FCMs and clearing members were unable to accurately mark their books or set appropriate margin levels with the highest degree of confidence, O’Malia said."
UK FSA is working with the SEC to learn from 6-May selloff. On its 2010 agenda, the FSA will step up scrutiny of HFTs and the potential market abuse.
CFTC-SEC Joint Advisory Committee held its first meeting on Emerging Regulatory Issues. The SEC is close to banning so-called 'stub quotes', which are orders placed too far from the NBBO.
Federation of Euro-Asian Stock Exchanges Executive Committee and Working Committee meetings were held in Amman, Jordan from 19-May to 21-May.
The European Central Securities Depositories Association re-elected Joël Mérère as Chairman, Gyorgy Dudas as Vice-Chair and Vesna Zivkovic as Treasurer; and elected Andreas Wolf as Vice-Chair. The new Executive Committee will be composed of 9 additional members.
Provided By: Equity Research Desk, www.erdesk.com