EXCHANGE NEWSWIRE, 09 August 2010
BM&FBOVESPA: StreamBase Systems connected its Complex Event Processing (CEP) platform to BM&FBOVESPA. The extended connectivity offers StreamBase customers low latency access to derivatives and equities listed on the Brazilian exchange.
RTS Stock Exchange will launch anonymous REPO trading with central counterparty on RTS Standard, on September 7. Vadim Fedeev, Deputy Director, Stock market department, commented: "Anonymous REPO is a significant step forward in the REPO market development in Russia. For this type of trades the main trade terms depend only on the market situation and not on the "quality" of a counteragent. Thus market participants will enjoy reduced time and for concluding trades as well as risk minimization even at high volatility levels".
Bursa Malaysia appointed Datuk Dr. Syed Muhamad Syed Abdul Kadir as a Non-Executive and Public Interest Director to its Board of Directors.
The Stock Exchange of Thailand (SET) 1H10 value of trades done through algorithmic trading more than doubled. Chief Marketing Officer, Vichate Tantiwanich, said “SET’s policy is now much more open than before for securities companies and investors, particularly institutional investors who trade through member companies’ systems, to transmit trading orders more conveniently and rapidly, including the use of algorithmic trading.”
Fidessa connected Threadneedle Asset Management to LatentZero, its buy-side front office technology suite.
ITG July 2010 US trading volume declined -14% M/M to 3.6 bn shares and ADV declined -10% M/M to 171 mn shares.
Redecard agreed to capture and process payments of Administradora de Cartoes Sicredi by the end of the year.
TD Ameritrade’s board of directors authorized a repurchase program for up to 30 mn shares of common stock, equivalent to 5.2% of common stock outstanding.
TD Ameritrade appointed Karen Maidment to the board of directors. Ms. Maidment was recently chief financial and administrative officer of BMO Financial.
The SEC and the CFTC announced the agenda and participant list for their third meeting of the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues on August 11 to continue the examination of the unusual market events of May 6, focusing on retail investor perspectives and the role ETFs may have played.
The Bulgarian government is working on a project to open an energy and carbon exchange by July 2011, according to Klassa. Nord Pool is an advisor of the project.
India may create a state-backed payment network by 2012 to rival MasterCard and Visa according to the Economic Times.
Provided By: Equity Research Desk, www.erdesk.com