EXCHANGE NEWSWIRE, 21 June 2010
ELX started trading Eurodollar Futures contracts with a simple two-tier fee schedule of $0.35 per contract bundled fee and $0.18 for active users. The contracts had a slow trading start last Friday, with less than 100 contracts traded.
CME launched Iron Ore 63% Fe, CFR China swap futures to be traded on the New York floor and cleared through ClearPort.
CME: CMA appointed Antoine Kohler as CEO, effective today. He succeeds Laurent Paulhac, who will focus full-time on his role as Managing Director, OTC Products and Services at CME. Prior to joining CMA, Kohler served as Managing Director, Information Services at ICAP.
CBOE will develop the Pulse platform to improve technology and compete with ISE. The platform will be developed by Signal Trading Systems, a JV between CBOE and FlexTrade Systems. CBOE plans to charge $350 in monthly fees per workstation for the first ten and $100 per additional platform.
ASX expects to complete the transfer of market supervision responsibilities to the national regulator by August 2010.
ASX appointed Kevin Lewis as Chief Compliance Officer. Mr. Lewis has been a partner of the law firms Freehills, Atanaskovic Hartnell and most recently Chang, Pistilli & Simmons.
OneChicago extended trading hours for its Exchange for Physical and Block Trading Platform OCX.BETS from 3:00 pm CT to 4:00 pm CT, effective June 21.
HKMEx: Oleg Deripaska’s En+ holding company acquired a 10% stake in the exchange.
BME: MEFF’s Board of Directors approved the incorporation of Citadel Securities Europe as a Trading Member.
RTS and OJSC Moscow Energy Exchange started trading power futures contracts with monthly average price Center and Ural hubs as underlying.
TMX: 200 new co-location spaces in TMX´s data center will be available from 30 June. Clients of proximity services will have high-speed access to the TSX, TSXV and Montreal Exchange trading engines and market data feeds.
United Stock Exchange of India received central bank's authority to commence operations. USE previously received SEBI's approval.
Bombay Stock Exchange acquired a controlling stake in Central Depository Services Ltd (CDSL) by purchasing a further 16% stake for INR 50-55 per share, valuing CDSL at INR 5.22-5.75 bn, according to Business Standard. 7.5% was sold by HDFC Bank, 4.5% by Bank of Baroda and 4% by Bank of India.
CETIP appointed Carlos Eduardo Ratto Pereira as Commercial and Product Officer.
CETIP declared a distribution of interest on equity of R$0.035 per share (net) payable on July 12 to shareholders of record on June 21.
Visa, MasterCard: Washington was pointed out as planning to block Senator Durbin’s regulation of interchange fees.
Franklin Resources president and CEO Greg Johnson said his company is looking into new acquisitions. “We believe growth in alternatives will outpace traditional securities, so we’re looking for acquisitions in this area,” Mr Johnson commented in an interview with the Financial Times.
Julius Baer in opening an office in Shanghai that will start to operate early 2011. “We’re adding footprint and firepower to Asia on a portfolio allocation basis … so we’re increasing our investments into Asia to the detriment of investments in other regions, making us overweight Asia,” said CEO Boris Collardi.
Ashmore was initiated with a "Buy" rating at KBC Peel Hunt. Target price was set at GBp305.
FINRA and the Australian Securities and Investments Commission (ASIC) signed a MoU for mutual assistance and the information exchange to help ensure market integrity and consumer protection in both jurisdictions.
Provided By: Equity Research Desk, www.erdesk.com