EXCHANGE NEWSWIRE, 31 August 2010
LCH. Clearnet reduced fees charged to London market participants by up to two-thirds and will provide free equity clearing for volumes exceeding 150,000 trades a day, as the securities post-trade industry in Europe experiences an intensifying price war. This decision follows the recent announcement of planned customer defections from the company.
ICAP will launch an MTF for trading Euro interest rate swaps with market maker support, starting September 6. The platform will be open to market making banks that have access to a clearing house for interest rate derivatives.
BATS is considering an IPO that preserves current investors’ ownerships in the coming years according to CEO, Joe Ratterman.
CME will start trading on-the-run US Treasury futures on October 25; subject to CBOT rules and regulations.
ICE signed a new $400 mn three-year unsecured term loan facility with Wells Fargo.
SGX is considering the introducing alongside LME trading standard futures contracts in copper, primary aluminum, zinc and nickel.
OSE and Shenzhen Stock Exchange signed a MOU with to develop the financial markets in in China and Japan.
ASX will delist a group of stocks that have not paid annual listing fees.
KRX will launch two new sector indices, the KRX Retail index and the KRX Leisure Index, on September 1, 2010.
NSE may provide trading in the Dow Jones and S&P 500 indices pending approval of the Reserve bank of India. If approved, it will be the first time that these two are traded on a non-US exchange.
PSE approved the $38 mn IPO of Globe Asiatique Realty Holdings, the largest of the past two years.
Knight Direct partnered with Orc ExNet to provide its clients with global market access and algorithmic trade execution services.
Tullett Prebon sued GFI London over the hiring of oil options broker Alan Newman before his contract expiration.
India: Gold holdings by the seven bullion-backed ETFs in India could rise by 17 times up to a maximum of 200 tonnes over the next three years, according to Rajan Mehta, executor director of Benchmark Asset Management.
The SEC appointed John Ramsay as Deputy Director in the Division of Trading and Markets. Mr. Ramsay worked recently at the Regulatory Fundamentals Group and between 1989 and 1994 he was Deputy Chief Counsel for the SEC’s Division of Market Regulation and Counsel to Mary L. Schapiro.
The SEC announced that Brian Breheny, Deputy Director for Legal and Regulatory Policy of the Corporation Finance Division, and Christopher Conte, Associate Director of the Enforcement Division, will leave the agency.
Provided By: Equity Research Desk, www.erdesk.com