EXCHANGE NEWSWIRE, 12 April 2010
TMX migrated TSX and TSX Venture Exchange trading engines onto a new infrastructure, which provides decreased latency, increased throughput capability and enhanced
performance. The order-response time was reduced by half as a result of the upgrade.
DB1 unveiled AlphaFlash, a new machine-readable data feed for hundreds of macroeconomic news releases that can be used to feed electronic trading applications.
NASDAQ OMX Basic, NASDAQ's lower cost alternative to NASDAQ Level 1, is now available through Atrium Network. Atrium Network will be among the first to be able to provide the data stream to its European customer base.
NASDAQ OMX and the Consumer Electronics Association introduced the NASDAQ OMX CEA Smartphone Index, a new benchmark for the telecommunications sector focused on wireless, mobile devices with advanced communications functionality.
The Egyptian Exchange (EGX) March total value traded increased +4.6% M/M to LE26.6 bn. Listed companies decreased to 219 from 224 in February.
Indonesian Commodity and Derivatives Exchange will list physically-delivered crude palm oil futures on April 30. ICDX launched gold futures on March 31.
Knight appointed Didier Bankole to Vice President of Sales for the Electronic Trading Group in Europe (Knight Link).Mr. Bankole joined Knight from NYSE Euronext where he was in charge of Global Account Management as well as additional responsibilities for NYSE ARCA Europe as Market Structure Manager.
Burgundy connected Instinet Europe to its trading platform. Instinet will become a member of Burgundy.
MasterCard named current COO Ajay Banga, as president and CEO, effective July 1. Banga has become a member of MasterCard's board of directors. Banga joined the company in 2009 and worked 13 years at Citigroup’s international global consumer group before joining the company. CEO Robert W. Selander will become executive vice chairman and continue to serve as a member of the company's board.
Reliance Asset Management began operating from the Dubai International Financial Centre from where it will provide wealth and investment advisory services to professional investors and institutional clients in the region.
Interactive Brokers reduced fees charged to customers for trading US futures and options. Under the Fixed Rate Plan, IBKR will charge $0.85 per contract plus exchange and regulatory fees. Under the Volume Tiered Plan the online broker, will charge $0.25-0.85 per contract plus exchange, regulatory and carrying fees. Four different price tiers based on monthly trading volume are available.
The CFTC extended a review of Media Derivatives, the proposed film futures market, by one week after receiving a letter from the Motion Picture Association of America, which opposes the planned market.
Provided By: Equity Research Desk, www.erdesk.com