EXCHANGE NEWSWIRE, 10 August 2010
BVMF3: CVM approved DMA for the Bovespa segment on August 6. Bovespa segment will enjoy similar access modes as BM&F from September 1.
NYX: KKR canceled plans for a $500 mn share offering on the exchange without providing justification for the change in plans.
CME: BNP Paribas Commodity Futures became Green Exchange’s first clearing member.
HKEx plans to start the morning trading session 30 minutes earlier (currently beginning at 10:00 am) and shorten the midday break by an hour according to the Oriental Daily.
SGX appointed Rod Banus as Senior Advisor for commodities. Mr. Banus served at Barclays as Head of Listed Product, Prime Services Asia.
Bursa Malaysia appointed Uday Jayaram as Global Head of Securities Market. Mr. Jayaram was previously Head of Equities at Macquarie in Malaysia.
Wiener Börse: BT Asset Management launched a passively managed fund tracking the Austrian ATX index.
ROFEX set a new record of 2 mn forex futures contracts traded during the first five days of August, 4% higher than the previous record set on the last days of January 2010.
RJ O’Brien appointed Kirk Bonniwell as Vice President of Strategic Planning. Mr. Bonniwell served for several years at Böwe Bell + Howell.
Asset Managers are meeting with regulators and lobbyists to discuss ways to clamp down high frequency traders’ high rate of “cancel-and-replace” orders, as Institutional Investor reports.
BEN: AUM increased 5.7% M/M to $60.9 bn at the end of July
PZN: AUM increased 6.9% M/M to $14 bn at the end of July.
NYX counterparty credit ratings was downgraded to “A+/A-1” from “AA-/ A-1+” by S&P with a stable outlook.
CFTC is seeking public comments on a proposal to amend the requirements for acknowledgment letters that a futures commission merchant or derivatives clearing organization must obtain from any depository holding its customer funds.
Provided By: Equity Research Desk, www.erdesk.com