Exchanges
NYSE-Euronext wins landslide shareholder approval
In a ballot held at a special meeting today, participating NYSE Group shareholders cast 99.7% of votes in favour of a merger with Euronext.
98% of Euronext shareholders approve NYSE deal
At an extraordinary general meeting in Amsterdam, participating Euronext shareholders cast 70.3 million votes - 98% of the total - in favour of the exchange's planned merger with NYSE Group.
CME to list electronic FX options on Monday
The Chicago Mercantile Exchange plans to offer nine American-style foreign exchange options for trading on its Globex electronic trading platform from Monday, December 18.
Singapore Exchange to license Topix indexes
The Tokyo Stock Exchange (TSE) has agreed to license Topix-related indexes to the Singapore Stock Exchange (SGX) to create derivatives and exchange-traded fund products.
Hong Kong exchange re-appoints chief, sets out strategic plan
Hong Kong Exchanges and Clearing (HKEx) today renewed Paul Chow’s contract as chief executive for a further two-year term from May 1, 2007 to April 30, 2009. The move follows the exchange’s announcement last Thursday (December 7) of its strategic plan…
US options volume may break two billion in 2006
The Chicago-based Options Industry Council (OIC) has reported both total US options volume and average daily US options volume have increased by 36%.
Montréal Exchange listing without offering in 2007
The Montréal Exchange has announced it will list its shares without an offering in March or April next year.
Kroes warns exchanges not to hamper post-Mifid platform
The European Union’s antitrust regulator yesterday warned stock exchanges that they must not prevent new trading platforms from emerging under the Markets in Financial Instruments Directive (Mifid).
Algo trading to double, says Eurex
"The rise in activity of algorithmic traders is impressive, and it’s changing the nature of electronic trading,” said Andreas Preuss, chief executive of Eurex, a Frankfurt-based futures and options exchange that is jointly operated by Deutsche Börse and…
Emirates joins jet fuel futures working group
Dubai-based airline Emirates has joined the working group set up by the Dubai Mercantile Exchange (DME) and ENOC Supply & Trading to explore the development of the first physically delivered jet fuel futures contract.
Hefes nominated to equalise Euronext board
French financier Sylvain Hefes has been nominated by Euronext to the future board of NYSE Euronext, to equalise the number of American and European directors.
Second time unlucky for Nasdaq as London Stock Exchange rejects bid
The London Stock Exchange (LSE) has rejected an offer from New York-based stock exchange Nasdaq to buy the company for 1,243 pence a share in cash, on the grounds that the bid “substantially undervalues” the company.
Deutsche Börse pulls out of Euronext bid
German stock exchange operator Deutsche Börse has abandoned its effort to acquire pan-European derivatives exchange Euronext, clearing the path for the New York Stock Exchange (NYSE).
Electronic trading resumes at CBOE
Electronic trading resumed on Monday on the Chicago Board Options Exchange (CBOE), after a technical fault caused its electronic platform to shut down on Friday morning (November 10).
Deutsche Börse merger talks with Borsa Italiana break down
Frankfurt-based securities and exchange operator Deutsche Börse has pulled out of merger talks with Milan-based Borsa Italiana, after failing to agree on moves towards a joint venture.
ISE hits out at CBOE on exclusive index option listings
The New York-based International Securities Exchange (ISE) is challenging the exclusive listing of two major index options on the Chicago Board Options Exchange (CBOE) through a formal complaint.
FTSE/Xinhua Index to appeal court ruling
A Shanghai court ruled on October 31 that FTSE/Xinhua Index, a provider of China equity indexes, had breached its contract with a subsidiary of the Shanghai Stock Exchange by using its data to compile a Chinese A-share index to trade futures contracts in…
CME targets credit derivatives market
The Chicago Mercantile Exchange plans to launch credit derivatives products early next year, with a view to capturing a share of a market that has largely been the preserve of over-the-counter dealers.
CME and CBOT to merge
The Chicago Mercantile Exchange and the Chicago Board of Trade are to merge, forming a new exchange valued at $25 billion.
Euronext backs European mega-bourse plan
Euronext, the Paris-based stock exchange on the brink of a merger with the New York Stock Exchange, could take over parts of the German and Italian exchanges as well.
UK consumer watchdog approves NYSE/Euronext tie-up
The UK’s Office of Fair Trading (OFT) has cleared the merger between the New York Stock Exchange (NYSE) and the European exchange operator Euronext.
New Nordic exchange combines OMX feeds
Swedish exchange group and technology provider OMX has combined the market data from three of its subsidiaries, the Copenhagen, Stockholm and Helsinki exchanges, creating a single feed of Nordic market data, officials announced last week.
TSE consults customers for trading technology upgrade
The Tokyo Stock Exchange (TSE) plans to cut response times and improve safety margins with a new IT system, according to a TSE report.
Nybot signs MoU with Sicom to extend into Asia
The New York Board of Trade (Nybot) and the Singapore Commodity Exchange are moving towards a commodity futures joint venture in Asia.