EXCHANGE NEWSWIRE, 29 June 2010
NYX and NASDAQ OMX will propose the SEC to extend circuit breakers to Russell 1000 Index companies and ETFs according to Bloomberg.
U.S. lawmakers will correct a technical error in the financial overhaul bill stated that swaps that traded on swap execution facilities must to be sent to clearinghouses. Swap execution facility instruments comprise less than 5% of the market.
DFM and the Abu Dhabi Securities Exchange are in an “advanced” stage in reaching an agreement to merge the exchanges according to Alrroya Aleqtissadiya. The combined entity will be called Emirates Financial Market.
The Kansas City Board of Trade received CFTC approval to clear OTC wheat calendar swaps. KCBT will start clearing wheat calendar swaps from July 1st through the Kansas City Board of Trading Clearing Corporation.
ICE will start trading five new cleared OTC crude and refined oil calendar spread options on July 19; WTI Crude Oil 1-Month (TIA), WTI Crude Oil 12-Month (TIZ), Brent Crude Oil 1-Month (BRM), Brent Crude Oil 12-Month (BRZ) and GasOil 1-Month (GOA).
DB1: Eurex started trading on July 28 four futures and four options based on the EURO STOXX index family.
HKEx is looking into futures contracts based on the HSI Dividend Point Index and the HSCEI Dividend Point Index.
CLE: Chicago Climate Futures Exchange (CCFE) announced that the first trades in the IFEX Northeast and Gulf Coast Tropical Wind contracts took place on June 25 and June 18 respectively.
Bulltick joined the Fidessa connectivity network to provide Latin American trading and execution services to Fidessa's global user base.
Instinet Europe will change the reporting of all trades from its BlockMatch MTF to Markit BOAT. Instinet will continue to report BlockMatch trades in real time but will now report to Markit BOAT where the trades will be identifiable by the BlockMatch MIC (BLOX) in accordance with the MIFID post-trade transparency requirements.
FlexTrade launched a new cross-currency spread program called FlexSpread for the equity markets in the Americas, Europe and Asia.
Caixa Economica Federal is looking to buy a stake in a private Brazilian credit-card company to offer a credit card to low-income consumers according to O Estado de S. Paulo.
BlackRock was upgraded to “Outperform” from “Market perform” at Keefe Bruyette & Woods. Target price was reduced to $190 from $230.
Janus was downgraded to “Market perform” from “Outperform” at Keefe Bruyette & Woods. Target price was reduced to $12 from $17.
Waddell & Reed was upgraded to “Outperform” from “Market perform” at Keefe Bruyette & Woods. Target price was reduced to $30 from $43.
Artio Global was downgraded to “Market perform” from “Outperform” at Keefe Bruyette & Woods. Target price was reduced to $22 from $27.
Provided By: Equity Research Desk, www.erdesk.com