EXCHANGE NEWSWIRE, 24 November 2010
BM&FBovespa released its first equity market volume figures after co-location-based DMA was permitted, with a record R$154.5b of value traded from 10.2m trades in October. 9.8m trades worth R$105b used broker-based DMA and 42,000 trades worth R$367m were done via co-location.
LSE released a new guide for listing on its Main Market, which provides guidance to companies and advisors on the listing process for companies considering an IPO.
Eurex Clearing, Eurex Repo and Clearstream signed an agreement allowing customers taking part in the GC Pooling trading at Eurex Repo to re-use their GC Pooling collateral for their Eurex Clearing margin obligations from November 26.
Eurex will introduce Canadian single stock futures on November 25, to “provide members with further trading opportunities in the North American market” in the single stock futures category, one of its fastest growing segments, according to Executive Board Member Michael Peters.
RTS FORTS started trading copper futures contracts, which will be cash-settled and have the global market Grade A copper as the underlying.
TSE will use the Informatica Platform to construct a service-oriented architecture (SOA) integrating all data across TSE’s information systems environment.
TSE released proposals for “Partial Revision of Trading Hours” and “Measures to Enhance the Functions of the Japanese Securities Market in Light of Recent Conditions”. Public comments are welcomed until December 24.
BATS launched two new Parallel smart order routing strategies, Parallel 2D and Parallel T, both of which will be available on the US BATS Exchanges, and Parallel 2D will be also be available on BATS Options and BATS Europe.
Quote MTF’s offer of a 40% equity stake in return for liquidity provision was taken up by a group of seven firms, whose identities were not disclosed. The liquidity agreements will start on April 4, 2011, and head of global sales Christian Bower says the firm aims for “a daily value traded target of €1.14bn” after the deals are in place.
RTS Realtime Systems was chosen as the main technology provider for the Chinese University of Hong Kong’s trading lab, which will launch November 24.
Dalian Commodity Exchange, the Zhengzhou Commodity Exchange, and the Shanghai Futures Exchange will raise the costs of trading farm-products and metal futures as part of the government’s attempt to limit speculation and curb inflation.
The Polish National Depository for Securities (KDPW) and the Lithuanian central securities depository signed an agreement which will provide for the settlement and clearing of the WSE-listed Lithuanian securities.
The International Capital Markets Association (ICMA) issued a Sovereign Bond Consultation Paper to its members, and is seeking suggestions on improving sovereign bond transparency standards.
CFTC Chairman Gary Gensler said that the new derivatives regulations should “oversee a banking system, shadow banking system, derivatives marketplace and Wall Street” in order to address “new risks”.
Provided By: Equity Research Desk, www.erdesk.com