EXCHANGE NEWSWIRE, 20 August 2010
NASDAQ OMX will roll out a third equities exchange in September, PSX, which will charge 13c per 100 shares traded and will pay liquidity providers 20c.
NASDAQ OMX: N2EX UK power exchange will offer a three-day, bank-holiday contract from August 24.
IMAREX reported 2Q10 EPS of NOK0.26 on net income of NOK4.0 mn (-74% Y/Y; +68% Q/Q) on operating revenues of NOK161 mn (+2.8% Y/Y; +1.9% Q/Q) and expenses of NOK161 mn (+3%Y/Y; +2% Q/Q). Results were affected by non recurring restructuring charges of NOK20.1 mn, impairment charges of NOK6.4 mn and FX losses of NOK14 mn.
CME transferred its Globex platform to its new data centre in west Chicago, providing a small increase in execution speed. During a second phase (set for early 2012) the new data centre will begin offering co-location services.
ASX’s CEO Robert Elstone indicated that the entry of new competitors to the Australian market imposes a “serious risk” to the market, including risks of a "flash crash" like the one seen in the US last May 6.
LCH.Clearnet appointed Michael Davie as Chief Executive Officer of its SwapClear service. Mr. Davie was previously Chief Financial Officer of Global Fixed Income Sales at JPMorgan.
BGC completed the acquisition of various assets and businesses of Mint Partners and Mint Equities, with over 100 brokers from Mint’s international business joining BGC. Mint will conduct business as usual and maintain its unique brand name and market identity as a division of BGC. Mint’s co-founders, Richard Barnett and Timothy Bullman, will remain co-CEOs of the Mint business and also became Senior Managing Directors of BGC.
FFastFill announced a new application service provision contract with another Category 2 LME member, providing it with live connectivity and trading support services to LME.
Visa and BofA will conduct tests on a mobile contactless payment system in New York from September until the end the year.
MF Global: nine brokers left the company to join IMAREX’s Spectron London office to start broking fuel oil.
CFTC and SEC will discuss governance and conflicts of interest in the swaps clearing and listing as US interdealer brokers warned of possible monopolistic risks in the swap clearing rules.
Switzerland’s Senior Offical for International Fiscal Matters, Michael Ambuehl, said “we don’t have any indications that there are similar cases” to that of UBS over US tax-evasion.
Provided By: Equity Research Desk, www.erdesk.com