EXCHANGE NEWSWIRE, 07 April 2010
HKEx Chairman Ronald Arculli said a top resources company listed in Brazil is considering a listing in Hong Kong or Shanghai, according to Ming Pao Daily News. Vale do Rio Doce was pointed out as been that company.
DB1: Xetra started trading ten new equity index ETFs, six new bond index ETFs and four new commodity index ETFs issued by Amundi ETF.
TMX total financings raised reached C$4.9 bn in March, down -1% Y/Y. TSX ADV was down 20% Y/Y to 411 mn shares while TSX Venture Exchange ADV jumped 112% Y/Y to 260 mn shares.
RTS Stock Exchange reduced the initial margin on the RTS Index futures and RTS Standard Index futures from 10% to 7.5%.
DFM: shares with a value of less than 1 dirham will begin trading in 0.001 dirhams.
Dubai Gold & Commodities Exchange (DGCX) 1Q10 volumes increased +133% to 495,059 contracts with a value of $29.6 mn. March 2010 volumes increased +60% Y/Y.
Chi-X Europe CEO Alasdair Haynes said "HFT is about trying to supply liquidity ... No-one should be disadvantaged." Haynes also said sponsored access in Europe have strong risk management controls. “The sponsoring broker gets absolutely live instant messages of positioning," he said.
EMCF will reimburse part f the settlement and settlement management fees charged in 2009, with some clients being reimbursed up to €150K.
MF Global Singapore became a trading member of SGX.
Macquarie finalized the acquisition of the equity derivatives, cash equities sales and research businesses of Sal. Oppenheim.
SocGen plans to hire about 500 people over the next 18 months for its markets unit, as Les Echoes reported.
Invesco: PowerShares presented the industry's first suite of ETFs offering sector-specific beta exposure to U.S. small-cap equities began trading on the NASDAQ Stock Market.
TD Ameritrade increased its fees on its non-transaction-fee mutual fund platform by 5 bps to 40bps, putting it on par with Fidelity and Schwab.
EFG International appointed Walter P. Arnold as Head of Private Banking. Mr. Arnold was previously Head of UBS’s Wealth Management in Switzerland.
The SEC plans to assign unique ID numbers to high-frequency trading firms to directly access information on trades.
CESR called for a more consistent application of the market abuse directive (MAD) across the MTFs, as The Trade News reported.
FINRA fined Citigroup Global Markets $650,000 for disclosure and supervisory violations relating to the operation of its Direct Borrow Program.
The Dubai International Financial Centre (DIFC) Authority appointed Marwan Ahmad Lutfi as its Deputy CEO and Head of Business Development. Mr. Lutfi was previously a member of the Business Development team that established the DIFC and he was Principal at Abraaj Capital in charge of investor coverage for the GCC region.
Provided By: Equity Research Desk, www.erdesk.com