EXCHANGE NEWSWIRE, 05 October 2010
HKEx may introduce Yuan-denominated shares, which are “the same security issued by the same company with the same rights and terms and conditions and everything else, but when it trades, this tranche is trading in Renminbi,” according to CEO Charles Li.
LSE: Turquoise resumed trading at 09:15 London time, “an internal network error overnight” caused a delay in the opening, said spokesman Alastair Fairbrother.
LME’s Singapore office saw the cancellation of more than 200 aluminum trading lots after a possible trading error caused the price of aluminum to fall by more than 3%.
TMX will introduce a Canada-based ATS to attract HFT and new market entrants to add liquidity in 2Q11, although fee structures have yet to be introduced. TMX is also considering extending trading hours from 9:30 to 16:00 local time if regulators approve.
OSE will introduce a stock index of 20 companies listed on the new exchange according to Nikkei English News.
Bucharest Stock Exchange appointed Valentin Ionescu as its CEO. Ionescu most recently worked at BVB, and previously at Euro Invest Bank AG Vienna and Wood & Company Financial Services.
The Receivables Exchanges launched a Corporate Auctions program which allows companies to sell their receivables to a large pool of institutional investors.
SuperDerivatives (SD) benchmark launched its new multi-asset front office SDX system which will allow SDX and a range of applications to be available over mobile technology.
Knight completed the acquisition of Astor Asset Management for $18 mn.
Visa and MasterCard reached a settlement with the U.S. Justice Department that will allow merchants to reward consumers for paying with lower-cost alternatives. American Express did not reach a settlement.
GFI common stock will start trading today on the NYSE under the ticker symbol GFIG with Bank of America Merrill Lynch as the designated market maker.
Getco hired Jennifer Boneham, currently a senior FSA officer, to be part of Getco’s European compliance team, part of a series of ex-regulatory hires being made by the firm.
TD Ameritrade sold Thinklink, an Internet-based trade order management system that provides connectivity to algorithmic trading systems, to SS&C Technologies for an undisclosed amount.
JSE was initiated with a "Buy" rating at Deutsche Bank. Target price was set at ZAR80.
Affiliated Managers was upgraded to “Buy” from “Neutral” at Goldman Sachs. Target price was increased to $95 from $85.
Cohen & Steers was upgraded to “Neutral” from “Sell” at Goldman Sachs. Target price was increased to $23 from $20.
CFTC chairman Gensler said that voice brokering might be allowed for block trades under a new regulatory framework that is being put in place.
Provided By: Equity Research Desk, www.erdesk.com