EXCHANGE NEWSWIRE, 06 October 2010
Warsaw Stock Exchange (WSE)’s IPO price will be announced October 28 before its shares start trading on November 9, and CEO Ludwik Sobelewski said that WSE plans to be the region’s stock, bond and derivatives trading hub.
DB1’s interim court injunction was lifted and the exchange will resume trading in around 700 corporate bonds on Xetra next Monday.
HKEx plan to allow Yuan-denominated IPO launches by 2011, but there are technical and regulatory limits to overcome before this can materialize, according to CEO Charles Li.
ICE: Tianjin Climate Exchange’s Assistant Chairman Jeff Huang said that China now has a dozen environmental exchanges. There are 177 countries delegates in China this week to negotiate a global agreement on carbon emissions.
Athens Stock Exchange head Spyros Capralos resigned and will step down by end October.
NYX: New York Portfolio Clearing plans a 1Q11 launch for processing Treasury and IR futures, and will apply for CFTC approval in November, according to CEO Walter Lukken.
National Spot Exchange (NSEL) of India introduced Shariah-compliant spot trading in gold and silver.
MarkitSERV launched a new platform which will provide OTC derivatives buyers access to a range of clearing options through a BlackRock Solutions-linked clearing house routing system.
FIA commented that the US trading limits on commodities that are currently being developed may restrain long-only funds and indices’ activity in the US.
CFTC confirmed that it would promote competition between swap trading venues and that that swap execution facilities (SEFs) would have equal access to clearinghouse and.
The Association for Financial Markets in Europe (AFME) published a protocol regulating OTC equity transactions, allowing a signatory to strike a cash balance with the defaulter.
Brazil doubled its IOF tax on foreign investment in bonds to 4%, a measure of “stopping the real from strengthening,” according to Finance Minister Guido Mantega.
India: the Central Electricity Regulatory Commission (CERC) approved the trading of renewable energy certificates (RECs), or “green tags”, on power exchanges like short term electricity sale.
Greece: tax on shares sale profit will be as much as 20% from 2011, according to Athens-based newspaper To Vima.
The French government pledged to prioritize the reduction of volatility in commodity and financial markets when its assumes the G20 chair in November.BATS Options introduced a range of free risk management tools to assist its members.
Bursa Malaysia was raised to "Buy" from "Fully Valued" at DBS Vickers. Target price was raised to MYR 9.60 from MYR 6.20.
Provided By: Equity Research Desk, www.erdesk.com