EXCHANGE NEWSWIRE, 09 April 2010
China Financial Futures Exchange went live with stock index futures trading on the Chinese mainland. Official launch of trading in the stock index futures will begin in eight days.
BM&FBovespa is discussing with its members a new pricing policy for high frequency traders.
BM&FBovespa’s first voluntary carbon credit market auction ended without a single buyer.
DB1: Xetra’s XTF segment added seven new leveraged ETFs issued by db x-trackers. The ETFs tracks a 200% performance, long and short, of the EURO STOXX 50, DAX, FTSE 100 and S&P 500 indices.
NASDAQ OMX: NASDAQ Stock Market started trading two new NASDAQ Biotechnology Index leveraged ETFs sponsored by ProShares.
ITG US March ADV was 146 mn shares, down 37% Y/Y. Market share of US equities was 1.75%.
Burgundy unveiled a new trading link to Norwegian equities provided by FinansNett Norge, a high-speed connectivity network.
Euroclear: Xtrakter launched XVOL, which provides access to a range of liquidity and volume data for OTC fixed income securities.
FFastFill expects to became profitable in 1Q10, just behind last year’s Board estimates. CEO Hamish Purdey said "the business is in the strongest position in its history. The product set, the customer base and the infrastructure capability have never been more complete.”
BEN will terminate its Templeton European fund and Franklin Japan Fund and plans to merge the Templeton European Class and Franklin Japan Corporate Class funds into the Templeton International Stock Corporate Class.
Eaton Vance launched the Eaton Vance Commodity Strategy Fund, which seeks total return primarily through exposure to commodities-related investments backed by long and short positions in fixed income securities.
Ashmore and Baring received $200 mn each from the State Administration of Foreign Exchange to invest in Chinese local currency bonds and stocks under the QFII program.
Vanguard is being sued by shareholders under the RICO act accusing the company of investing in illegal offshore internet gambling businesses.
Schwab lost a bid to dismiss claims about its YieldPlus mutual fund. The trial is scheduled for May and the lawsuit seeks damages of as much as $802 mn.
MF Global was downgraded to “Neutral” from “Buy” at Ticonderoga. No target price was provided.
GFI was initiated with a “neutral” recommendation at Susquehanna. No target price was provided.
US Representative Bob Goodlatte (R, VA) sent a letter to the CFTC saying he is "concerned about the effect these proposed movie futures exchanges would have on the ability of the movie industry to control and reap a return on its own intellectual property."
Provided By: Equity Research Desk, www.erdesk.com