fmxExchangeConnect - EXCHANGE NEWSWIRE, 18 March 2011

Categories:

follow FMX on

Data Reports:: market snapshot; energy >> crude report; energy >> options report; energy >> natural gas report; commodities >> metals report; weather >> full report

<< Riski: The Financial Market Regulatory Resource | Hedge Funds Slash Bullish Commodity Bets Most in Eight Months >>

EXCHANGE NEWSWIRE, 18 March 2011

March 18 2011, 11:58

EXCHANGE NEWSWIRE, 18 March 2011

ICE CEO Jeffery Sprecher said that “breaking up other people’s mergers is hard to do”, dampening speculation about ICE’s collaboration with NASDAQ OMX to break up the DB1-NYX merger.

LSE admitted to the unfair dismissal of former Turquoise CEO Eli Lederman, but LSE is contesting other claims by Lederman against the exchange.

SGX: Hutchison Port Holdings Trust, the world’s first publicly listed container port business trust, was launched as Southeast Asia’s largest IPO on the Singapore bourse, raising US$5.4b in IPO funds with a market capitalization of US$8.8b.

Shanghai Futures Exchange (SFE) received approval from the China Securities Regulatory Commission to launch trading in lead futures, and SFE began a stimulation of the trading process in preparation for an estimated April launch.

ASX deployed Ullink Software to enhance its Financial Information Exchange (FIX)-based trading.

AMTD was raised to “Buy” from “Neutral” at Band of America Merill Lynch. Target price was maintained at $23.

FIA and the Futures and Options Association (FOA) are in discussions for closer co-operation which could include a merger between both organizations.

New Zealand Cabinet will review the current securities law in an effort to modernize it, to make it better for “mum and dad investors as well as for companies looking to raise capital.” The new law will also “provide clearer, more consistent information for investors, and clarify for issuers the obligations they have to meet”.

CFTC Chairman Gary Gensler asked the US Congress to increase its 2012 budget to $308m from approximately $168m currently as more funds were needed for OTC derivatives market supervision.

Provided By: Equity Research Desk, www.erdesk.com

To view our exchange reports and articles on your PDA or mobile device, click here.

-----

About FMX: FMX Connect is an information, data, and analytics portal for Commodities. The portal provides an all-in-one package including essential market data, independent third party research, industry news, and commodity trading tools. FMX Connect provides efficient, effective, and thorough data that bridges all aspects of commodities onto one screen. The Result; A user friendly application for hedge fund traders, OTC brokers, individual investors, and industry participants.
-----
Note: The information presented, while from sources generally believed to be reliable, is not guaranteed and may not be complete. FMX | Connect makes no representations or warranties regarding the correctness of any opinions or information. Past results are not necessarily indicative of future results. Nothing in this report should be construed as a representation to buy or sell shares, futures or options, which contain considerable risks. For internal client distribution only. Any reproduction, re-transmission, or distribution of this report without permission is prohibited. Media correspondents or reporters may not quote any one page or section in its entirety and must attribute all quotes, ideas or concepts herein. Copyright FMX | Connect, ©2009-2010. All rights reserved.