Exchanges
LSE £510 million payout goes ahead
Shareholders in the London Stock Exchange (LSE) yesterday backed the board's £510 million payout plan, as consolidation manoeuvring continued.
Thai futures contract set for April launch
The Thailand Futures Exchange (TFEX) will launch its first product, SET50 index futures, on April 28.
Dubai and Oman to develop Middle East sour crude futures
The Sultanate of Oman’s Ministry of Oil and Gas (MOG) and the Dubai Mercantile Exchange (DME) are working to develop a new Middle East sour crude futures contract backed by oil produced in Oman, which is set for launch in the fourth quarter this year.
Deutsche Börse to commence mutual fund trading
Deutsche Börse will launch trading of actively managed mutual funds next month, in a move aimed at attracting more private investors to the exchange.
Nasdaq buys into LSE
New York-based Nasdaq has taken a 14.99% stake in the London Stock Exchange, giving it a headstart over its rivals in the struggle for the London bourse.
Eurex extends equity trading hours to appeal to Asia
Eurex is to extend trading of its euro-denominated equity index products by one hour from June 1, as the exchange seeks to draw in more trade from clients in Asia-Pacific time zones. Trading will begin at 8am Central European Time instead of the current…
CME and China’s Cfets push for link-up
Officials from the Chicago Mercantile Exchange (CME) and the China Foreign Exchange Trade System (Cfets) have unveiled plans for a multi-year agreement in Shanghai to allow Chinese investors to trade CME’s foreign exchange and interest rate products.
Euronext to “carefully review all available options”
Euronext has increased speculation about future exchange consolidation in both the US and Europe, after it issued a statement insisting it was still open to all offers. The statement said the company would seek value for all its shareholders in any…
DGCX to launch Middle East's first currency futures
The Dubai Gold and Commodities Exchange (DGCX) is to launch currency futures in the coming months – the first such products to be made available in the Middle East. It plans to introduce futures contracts on euro/dollar, yen/dollar and sterling/dollar,…
CBOE has no plans for market depth product
The Chicago Board Options Exchange (CBOE) has denied it is working on an enhanced level of bid and offer prices (BBO) for the options market, despite reports from several industry sources that the exchange is actively considering launching just such a…
Eurex appoints new chief
Andreas Preuss was named chief executive of the international derivatives exchange Eurex after a meeting of the supervisory board at Deutsche Börse, which has a 50% stake in the exchange along with SWX Swiss Exchange.
ASX bids A$2.3 billion for SFE
The Australian Stock Exchange (ASX) has bid A$2.3 billion ($1.6 billion) for SFE Corporation, which runs the Sydney Futures Exchange.
American Stock Exchange demutualises
The American Stock Exchange (Amex) is going to go public. Neal Wolkoff, the exchange’s chairman and chief executive, said: “We have been carefully examining the structure of the exchange for months. The board’s approval to take the initial step to…
TSE plans $529m trading system upgrade
After a year of operational embarrassment, the Tokyo Stock Exchange plans to spend $529 million on upgrades to its electronic trading platform.
Deutsche Börse explores tie-up with Euronext
Deutsche Börse is preparing plans to merge with Euronext, which played down a potential takeover bid for the London Stock Exchange (LSE).
Euronext plans €1 billion cash handout for shareholders
The multi-national European exchange Euronext will return €1 billion to its shareholders in payouts and a share buyback scheme, it announced today.
BIS reports record year for exchange-traded derivatives
Demand for exchange-traded futures and options contracts reached an all time high last year with annual turnover up 22% on 2004, according to the latest quarterly data released by the Bank for International Settlements (BIS).
SEC approves NYSE merger
The US Securities and Exchange Commission (SEC) has cleared the New York Stock Exchange (NYSE) merger with Archipelago next month, opening the way for its transformation into a for-profit company.
Hong Kong Exchange to expand derivatives warrant data
Hong Kong Exchanges and Clearing Limited (KKEx) is introducing a new derivatives warrants information website in mid-2006.
Regulatory changes drive demand for single-stock futures
Trading volumes on Eurex’s single-stock futures contracts have grown by a factor of five every month since their launch last October, according to figures released by the exchange today. Trading volumes rose to around 287,000 contracts in January,…
CME launches snow derivatives
The Chicago Mercantile Exchange (CME) will list snowfall futures and options from February 26 on its Globex electronic trading platform.
BarCap takes eFX options trading to the next level
Barclays Capital has become the first dealer to launch live two-way streaming tradable prices for FX options, which will be rolled out to its clients during the coming months on its proprietary platform Barx.
Nybot lists financials on CBOT
The New York Board of Trade (Nybot) has entered into a non-binding agreement with the Chicago Board of Trade (CBOT), allowing its financial products to be traded on CBOT’s electronic platform.
Tokyo Stock Exchange hires technology head
The Tokyo Stock Exchange (TSE) has hired Yoshinori Suzuki as its chief information officer - a newly created position.