EXCHANGE NEWSWIRE, 09 June 2010
ASX: Australian Corporate Law Minister, Chris Bowen, announced that the swift in regulation duties from ASX to the Australian regulator could be delayed until 2011. Chi-X’s license application would not get a final decision until then.
CBOE is planning to submit a modified rule filing to the SEC to list credit options, according to a CBOE spokesman. Three years ago, the exchange delisted its credit derivative contracts due to insufficient liquidity.
BM&FBOVESPA will offer an exclusive license for the creation of ETFs on the BM&FBOVESPA Financial Index. Bidders must submit their documentation by no later than July 19. Results will be disclosed on August 2.
CME CEO Craig Donohue said fragmentation in cash equities and not high frequency trading is to blame for the flash crash on May 6th.
JSE’s derivatives market was added to SunGard connectivity service for sell-side firms.
SGX: BNP Paribas became clearing member of SGX’s derivatives segment.
Boerse Stuttgart has launched a new cooperation agreement with Swissquote Bank to expand its share of the retail investment market in Switzerland.
Malta Stock Exchange (MSE) and Clearstream will offer settlement for Maltese domestic securities via the Maltese Central Securities Depository against Central Bank Money.
MF Global closed the sale of 25.9 mn common stock at a price of $6.745. Underwriters exercised their a 30-day option to purchase 3.38 mn additional shares at the same price.
Citadel executives Mat Andresen, Jason Lehman and Neil Fitzpatrick will launch Headlands Technologies, a computer-driven trading operation. Headlands raised external funding to build the shop that will trade equities and derivatives across multiple geographies.
Trading Technologies acquired TickIt Trading Systems, a provider of software capabilities needed to handle low-latency algorithmic and dark trading. Terms of the deal were not disclosed.
Markit will acquire Wall Street On Demand, a leading provider of services in the design, development and hosting of financial services websites, reports and tools.
EPEX Spot will offer to its participants the possibility to access intraday cross-border capacity directly through energy trading. Implementation is scheduled for 4Q10, subject to regulatory approval. Amprion, EnBW and RTE started the new project to harmonize their intraday cross-border capacity allocation mechanisms on the Franco-German border.
Credit Suisse, Hudson River Trading, Quantlab Financial and Lawrence Harris said that circuit breakers as proposed last month accelerate the decline in prices and recommended applying using limit-down restrictions as is used on CME.
Linedata Services introduced enhanced repurchase agreement and collateral management functionality in its LongView Trading platform.
Primary Trading Solutions is conducting performance test of its new trading platform for exchanges.
MasterCard and Smart Hub announced a JV to develop mobile payments infrastructure for developing economies. The first launch is scheduled in Brazil with Itaú Unibanco, Redecard and Vivo.
Franklin Resources preliminary MAY AUM declined -5% m/m (+34% y/y) to $572.7 bn.
Cielo was initiated with a "Neutral" rating at Credit Suisse. Target price was set at $10.83.
CESR Chairman Eddy Wymeersch said there is no evidence of market abuse by speculators in Greek CDS.
SEC Chairman Mary Schapiro will today meet with House Democrats as the House is expected to name the congressmen in charge of releasing the final version the financial overhaul bill.
SEC Chairman Mary Schapiro said that the agency intends to add “thousands” of stocks to the circuit breakers rules currently in consideration.
The International Organization of Securities Commissions (IOSCO) appointed Vedat Akgiray as Chairman of its Emerging Markets Committee. Mr. Akgiray is currently the Chairman of the Capital Markets Board of Turkey.
The Swiss National Council, the lower house of parliament, voted against UBS’ pact to reveal client account details to the US IRS.
Provided By: Equity Research Desk, www.erdesk.com