EXCHANGE NEWSWIRE, 27 September 2010
BM&FBovespa CEO Edemir Pinto indicated that the Brazilian government could introduce incentives for the capital markets and eliminate the 2% foreign investor financial tax by year-end. The exchange also plans to offer Brazilian companies trading to foreign individuals investors in 1Q2011.
BM&FBOVESPA now has a market capitalization of R$30.4 bn (US$17.8 bn), the second-highest among financial exchanges globally after Petroleo Brasileiro’s record share sale, according to CEO Edemir Pinto.
Nasdaq OMX introduced new volatility guards for its Baltic and Nordic markets which will pause trading in listed equities and ETFs for a fixed period during uncertain market conditions.
LSE reported that the number of corporate bonds available for trading on its retail bond market tripled to 89 from 24.
LSE deputy chairman Angelo Tantazzi will step down from the Board and will be replaced by Paolo Scaroni as non-executive deputy chairman. Mr. Scaroni is currently Chief Executive of Eni.
HKEx will launch trading of HSI Dividend Point Index Futures (HSI Dividend Futures) and HSCEI Dividend Point Index Futures (HSCEI Dividend Futures) on November 1 once regulatory approval is given.
BATS was confirmed as the potential bidder which sent the enquiry letter to Chi-X Europe in August. DB1 and Nasdaq OMX have also indicated their interest “at the right price”.
United Stock Exchange of India (USE) concluded its first trading week as India’s leading currency derivatives exchange with an ADV of 6.31 mn contracts valued at US$6.31 bn, representing 41% market share.
PSE: Credit Suisse Hong Kong is seeking approval from regulators to acquire TGY Plus securities trading rights in PSE.
Istanbul Stock Exchange (ISE) will launch new practices to enhance liquidity in Turkish equity markets over the rest of 2010. These measures include buyer-seller anonymity for executed transactions as well as order cancellation, both of which will commence on October 8.
ROFEX received regulatory approval to trade gold futures and options. Futures will start trading with a size of one ounce on November 1, denominated in dollars and with financial settlement.
GFI will transfer the listing of its common stock from the Nasdaq Stock Market to the NYSE. Trading on NYSE will start on October 5 under the same symbol “GFIG.”
Affiliated Managers agreed to buy a majority stake in Trilogy Global Advisors. Terms of the agreement were not disclosed.
Interactive Brokers UK launched a SIPP Administrators service that allows SIPP administrators to open and oversee their clients’ dealing accounts online.
CETIP was upgraded to "Overweight" from "Neutral" at JPMorgan. Target price was raised to R$20 from R$16.
Franklin Resources was upgraded to "Outperform" from "Market Perform" at FBR Capital Markets. Target price was raised to US$127 from US$105.
Provided By: Equity Research Desk, www.erdesk.com