EXCHANGE NEWSWIRE, 06 July 2010
LCH.Clearnet will launch clearing for the OTC wholesale London gold market in a joint initiative with LME on November 2010.
JSE introduced maker-taker pricing in equity derivatives on 5 July 2010.
NYX and MICROFIS plan to set up the world's first organized market for listing and trading of bonds based on debt from international microfinance institutions and solidarity businesses as defined by the Economic Modernisation Act.
NYX: SmartPool 2Q10 matched volume increased +473% q/q to €5.7bn, shares traded increased +379% q/q.
DB1: Clearstream June customer assets in custody increased +6% €10.9 tn.
NASDAQ had 102 new listings year to date, up from 34 in 2009 during the same period. IPOs YTD were 39. NASDAQ added 20 Chinese companies to reach 145 listed companies.
BMV: Finamex introduced proximity direct DMA services at BMV.
WSE 1H10 trading volume in derivatives increased +24% y/y to 8.2 mn contracts.
OMIP, the Spanish electric system operator, started on trading on the Trayport’s GlobalVision Exchange Trading System.
NZX approved a buyback program for up to 3.57 mn shares as it indicated that the current stock price does not reflect a reasonable valuation. NZX will begin paying dividends twice a year from once currently.
The Trinidad & Tobago Stock Exchange launched a Corporate Bond Market.
Liquidnet set a new quarterly record for volume traded in Canadian equities in 2Q10 with 118.7 mn shares, up 66% y/y.
AEGON Global Pensions plans to expand its pooled asset management platform to Swiss pension fund assets.
Van der Moolen: a Dutch commercial court will investigate the bankruptcy of the brokerage house.
Interactive Brokers said the US dollar’s strengthening relative to other key currencies during this quarter had a negative effect on IBKR’s market making earnings, which are reported in US dollars.
Vontobel issued six-month reverse convertible notes based on BP’s share price.
LSE was upgraded to "Outperform" from "Neutral" at Exane BNP Paribas. Target price was increased to GBp840 from GBp790.
JSE was upgraded to "Buy" from "Hold" at Investec. Target price was maintained at ZAr7,816.
UK FSA and NYSE Liffe received a letter by 16 cocoa companies and trade associations which complained of “a manipulation of cocoa contracts” was “bringing the London market into disrepute.” The letter mentions “the unusually large open interest” in the July contract.
EU Commission: 45% of buy-side respondents to a poll by The Trade News ranked the implementation of a consolidated post-trade tape in Europe as the best possible outcome from the revision of MiFID.
CFTC agriculture advisory committee will meet on August 5 to discuss the effects of variable storage rates on CBOT's wheat futures contract, and convergence issues in other wheat contracts, including the one at KCBT. A CFTC subcommittee on the convergence issue will meet before the August 5 meeting.
Provided By: Equity Research Desk, www.erdesk.com