EXCHANGE NEWSWIRE, 14 April 2010

Turquoise and NYSE Arca Europe will begin offering dollar-denominated S&P 100 shares during European market hours. Euro CCP will provide the CCP clearing services.

CME: the Green Exchange will launch its emissions-linked derivatives on Trayport.

CME cleared the first OTC swap on a commodities index.

NYX: NYSE Liffe will launch Malting Barley futures and options on May 10, 2010. The contract will encompass Malting Barley from any European origin in 50-tonne lots.

NASDAQ OMX will launch the Nordic Fund Market (NFM) that will offer an electronic alternative to manage the transactions between fund distributors and fund managers. The market will be located in Sweden and will start trading at the end of April.

BVMF3 Chairman Arminio Fraga said the Brazil’s IPO market is “adjusting to reality” after the market “passed the euphoria of 2007”.

NYX appointed Steve Crutchfield as CEO of NYSE Amex options. Crutchfield was COO at Matlock Capital.

DB1’s ISE said First Trust Advisors launched a new ETF based on the ISE BICK Index, which tracks the performance of the largest and most liquid public companies domiciled in Brazil, India, Mainland China or South Korea.

LSE: Borsa Italian will launch futures contracts on the FTSE MIB Dividend index on April 19.

ICE Futures Europe set an exchange-wide daily volume record of 1,399,536 contracts on April 13. WTI Light Sweet Crude futures volume was a record 464,381 contracts.

ICE's director of regulatory affairs Trabue Bland sent a comment letter on position limits to the CFTC. "By design, a concentration position limit will impose smaller, or stricter, concentration limits in smaller markets. Slowly, over time, the dominant market will continue to gain market share, as liquidity attracts liquidity," he said.

ICE Trust President Christopher Edmonds expects new derivatives clearing members to be added in the coming months.

TMX expects that 2010 IPOs to top $6.4 mn.

Borsa Italiana will start trading FTSE MIB Dividend index futures contract on April 19.

ASX plans to revise reporting requirements for oil & gas companies, requiring coal-seam gas reserves to meet the same commercial tests as other gas reserves for reporting purposes.

EEX announced FY09 results of EUR7.2 mn (-67% Y/Y) with revenues of EUR34.6 mn (-1% Y/Y).

TOCOM released its FY2010 Business Plan based on the newly formulated Midterm Management Plan (April 2010–March 2013). TOCOM expects to achieve an ADV of 170,000 contracts by re-opening gas oil futures trading, extending trading hours, enhancing the trading platform and strengthening marketing activities. TOCOM’s goal is to reduce the operating loss to roughly JPY500 mn and to sustain that momentum for a return to profitability in fiscal 2011. 

BATS Options added 511 names to the 21 launched initially. The full roll out is expected to be completed by May.

Dubai Gold and Commodities Exchange (DGCX) will launch Swiss franc/U.S. dollar, Australian dollar/U.S. dollar and Canadian dollar/U.S. dollar future contracts in June, bringing the total number of currency pairs to seven.

Nordic Growth Market (NGM) announced that it will re-locate matching its engines to Interxion’s Stockholm data centre.

Trading Technologies’ TT’s X_TRADER platform will have direct access to BM&FBOVESPA’s new multi-asset class platform.

Henderson confirmed that it’s in talks with RidgeWorth capital to acquire certain assets of the company, possibly the company’s $36 bn in non-money market assets

PIMCO’s Total Return fund reduced its Holdings of US government and related securities, increasing its cash position.

Vontobel launched the Fonds Commun de Placement, an emerging markets equity fund custodied by Northern Trust.

Ashmore’s AUM increased 4% during FY3Q10 to $33 bn.

AB completed the final round of capital raising for its Public-Private Investment Fund, raising over $1.1 bn

AB reported $501 bn (+3.5% M/M) in AUM at the end of March.

EV reported $173.1 bn in AUM (+7.1% since the end January), with the bulk of the increase coming from equity funds.

ART AUM increased +6.6% during March to $56.4 bn.

Morgan Stanley warned investors that it’s $8.8 bn real-estate fund faces losses of $5.4 bn, the largest dollar loss in real-estate private equity in history, according to the Wall Street Journal.

Ashmore was upgraded to “Conviction Buy” from “Neutral” at Goldman Sachs. Target price was increased to GBp360 from GBp310.

Ashmore was downgraded to “Hold” from “Buy” at Numis. Target price was increased to GBp300 from GBp290.

The SEC will vote on a proposal to cap fees on options exchanges.

CESR released a consultation paper on reforming MiFID outlining a range of potential changes for the regulation of dark pools, Proposed reforms includes a redefinition of the large-in-scale thresholds to take account of dwindling average order sizes, The Trade news reported. FESE called for allowing non-displayed liquidity only for large orders.

French Finance Minister Christine Lagarde called to set up an agency equivalent of the US’ CFTC to regulate commodity derivatives.

UK’s Pension Protection Fund revealed that the country’s DB plans aggregate position has a GBP300 mn surplus.

The Investment Company Institute and the Independent Directors Council will host a one-day conference today in Washington D.C. to discuss the Supreme Court’s ruling on the Jones v Harris case.

A Spectrem Group report revealed that retirement assets (in DB and DC plans) increased 18% in 2009 to $9.3 trillion, with DC planes increasing 19% to $4.5 trillion. “The retirement market bounced back in 2009, recovering nearly all of the recession-driven losses of the previous year,” Gerald O’Connor, director at Spectrem, commented.

Provided By: Equity Research Desk, www.erdesk.com