EXCHANGE NEWSWIRE, 19 April 2010
CETIP: FEBRABAN (Brazil’s Banking Federation) reduced from R$5,000 to R$3,000 the limit for the processing electronic wire transfers (TEDs) via the interbank payments chamber (CIP). CETIP currently processes payments for the CIP and is renegotiating the contract that expires on 2012.
Direct Edge will reduce routing charges for sub-$1 stocks routed to NASDAQ to 0.2% and routed to NASDAQ BX to 0.15% of value traded and will reinstate liquidity-provision rebates for sub-$1 stocks on its EDGX platform at a rate of $.00003 per share, beginning May 3.
The Trend Exchange obtained approval from the CFTC to operate as a DCM. TrendEx will offer risk management products based on domestic box office receipts and clearing and settlement services will be provided by MGEX.
DB1 ranked first in Europe in terms of number of IPOs and placement volume, with $2.24 bn in proceeds during 1Q10, according to the quarterly IPO study by Ernst & Young.
DB1: Thomas Lenz resigned from all Executive Boards and managing director positions at Eurex.
ICE signed an agreement with AT&T for the provision of hosting services delivered through AT&T's internet data centers around the world.
Hellenic Exchanges started trading futures on the FTSE/ATHEX-CSE Banking index.
Chi-X Europe 1Q10 turnover increased +147% Y/Y to €149 bn and share volume increased +103% Y/Y to 21.8 bn.
RTS: FORTS set a new trading record during the evening trading session on April 16 of RUB27 mn, the previous record was of RUB24.9 mn set on February 10, 2010.
Abu Dhabi Securities Exchange suffered a disruption trading of due to a technical problem.
Teheran Stock Exchange March.2009 – March 2010 revenues increased +29% Y/Y to IRR94 bn and EPS increased +23% Y/Y to IRR629. Cash ADV increased +9% Y/Y to IRR 754 bn and trading volume increased +78% to 85.6 bn shares. Total market capitalization reached IRR651 trillion, with IRR10 trillion in capital raised.
ALGO Technologies presented ALGO M2, a new trading system with an external round-trip latency of 16 microseconds measured from customers sending orders and receiving an acknowledgement or trades.
SEI had $500 mn in new nonprofit assets during the last two quarters, reaching over $4 bn in nonprofit AUM.
DB1 was downgraded to “Hold” from “Accumulate” at Equinet. Target price was maintained at €55.
T. Rowe was upgraded to "Overweight" from "Neutral" at JP Morgan. Target price was increased to $67 from $66.
Janus was downgraded to "Underweight" from "Neutral" at JP Morgan. Target price was increased to $15.00 from $14.50.
Brazil’s government is studying stricter regulations on the rates credit-card companies can charge consumers, Valor Economico reported. Companies are expected to present proposals before the end of the month, after that the Justice Ministry may send a bill to congress.
Provided By: Equity Research Desk, www.erdesk.com