EXCHANGE NEWSWIRE, 29 September 2010
CFTC may introduce rules requiring “large traders” to report their OTC swaps and commodity derivative positions, as limits “allow us to better protect against abusive practices”, according to CFTC Chairman Gensler.
ASX’s CEO Robert Elstone will step down after almost five years when his contract ends July 11, 2011.
SMX plans to partner Metal Bulletin in listing its first index-based derivative, an iron ore futures contract called the Metal Bulletin Iron Ore Index (MBIOI).
MCX-SX may file charges with the Securities Appellate Tribunal (SAT) or the High Court of India against SEBI’s rejection of its equity trading platform launch application.
HKEx will implement margin revisions for futures contracts from October 4, which are based on the exchange’s normal procedures and standard margining technology.
LSE’s new issues doubled during the six months ending on September 30, with capital raised lower at £17 bn. UK ADV was £5 bn (+9% Y/Y).
Dubai Financial Market (DFM) will move to delivery –versus-payment system by year end; an step forward to requalifing for the MSCI Emergin Markets Index.
CME selected RTS Realtime System’s RTD Tango Trader platform and RTD Tango Trader algorithmic solution to provide millisecond market access.
PSE migrated to NYSE Technologies’ NSC V900 platform as it prepares for a rise in overseas investment levels.
Tehran Stock Exchange was granted approval to launch its first overseas brokerage agency, Sahm-Ashena Brokerage Company, which will be based in Canada.
Financial Technologies India’s selected to provide its Internet-based trading (IBT) platform to Satco Securities and Financial Services.
ICAP obtained an order from the Singapore High Court restricting rival Tradition from “seeking to employ any ICAP employees in violation of their respective contracts of employment”, after 40 Singapore-based ICAP traders defected to Tradition.
Equinix partnered Bloomberg to provide clients with co-location and connectivity options to Bloomberg’s data services as well as the brokerage arm Bloomberg Tradebook.
BAER’s CEO Boris Collardi said that most of its German clients’ assets are tax compliant.
IBKR was upgraded to “Neutral” from “Underperform” at Zacks.
LSE was downgraded to “Hold” from “Add” at Numis Securities. Target price was maintained at GBp725.
Tullet Prebon re-appointed Senior Conservative Michael Fallon to its Board of Directors.
Provided By: Equity Research Desk, www.erdesk.com