EXCHANGE NEWSWIRE, 30 September 2010
Interactive Brokers is considering withdrawing from market-making activity and may became a HFT firm as its regulatory obligation puts it at a disadvantage, according to CEO Thomas Peterffy in an interview with the WSJ.
CFTC may set a 20% maximum limit for banks’ stakes in clearinghouses, and will present its first proposed rules on OTC markets on October 1.
CME: Green Exchange (GreenX) will migrate contracts to GreenX DCM from NYMEX between January 21-24, 2011.
CME will launch Iron Ore (Platts) swap futures on October 17.
LSE: Turquoise will increase the rebates on passive orders to 0.4 bps from 0.2 bps on 60 of the most liquid European stocks in its electronic order book, for two months starting November 1.
LME: 30% of benchmark contract trade volume on the exchange is attributable to Asia-based investors, and trading between 1 am and 7 am London time on its Select platform grew “significantly” since opening hours were extended in 2006.
JSE indicated that trades in MTN Group that amounted to hundreds of millions of shares were a mistake that will be reversed, according to Peter Redman, Head of Technical Services at the Surveillance Department.
Plataforma Alternativa de Valores Españoles (PAVE) selected Citadel’s Equiduct Systems to support Spain’s first MTF with its technology infrastructure.
Irish Stock Exchange will require Irish-listed companies to comply against the provisions of the UK Corporate Governance Code.
TSEC Taiwan Index will be renamed as FTSE TWSE Taiwan Index.
Thai Stock Exchange (SET) strengthened its executive team to enhance regional competitiveness.
The Global Board of Trade (GBOT) will be launched by Mauritius Prime Minister on October 15. GBOT will offer derivatives on metals, energy, soft- agri and currency products.
ICAP’s CEO Michael Spencer said that active HFT markets boosted the group’s electronic broking and post-trade processing services in the past six months. The company said it expects half-year revenue to increase 9% Y/Y.
ICAP introduced spot trading of Hong Kong-settled Yuan versus the USD on its EBS platform, and announced similar launches in the upcoming weeks, such as trading of Hong Kong-settled Yuan against the euro and the HKD.
Newedge’s total handling of $2 bn in notional value of IR swaps traded on the newly launched Eris Exchange and cleared by CME’s clearing house so far is a sign that trading of OTC derivatives are shifting to formal trading platforms.
MasterCard acquired a 12.5% stake in ElectraCard Services (ECS), a leading India-based provider of software solutions for credit and payments management.
MarketAxess was initiated with an "Outperform" rating at Raymond James. Target price was set at $20.
ICAP was downgraded to "Add" from "Buy" at Numis Securities. Target price was maintained at GBp481.
Cielo was initiated with an "Overweight" rating at HSBC. Target price was set at BRL19.50.
SEC: the Section 31 fee rate applicable to on-exchange and OTC securities transactions will increase from 16.9bps to 19.2bps 30 days after the date of enactment of the Commission's regular fiscal year 2011 appropriation.
Provided By: Equity Research Desk, www.erdesk.com