EXCHANGE NEWSWIRE, 18 August 2011
HKEx is currently in discussions with the Shanghai and Shenzhen stock exchanges for a joint venture in Hong Kong, which could include the development of index and other equity derivative products. There are also plans to allow ETFs holding Hong Kong-listed stocks to be sold in mainland China.
ASX reported FY11 EPS of AUD 2.04 (+6% y/y) on operating revenues of AUD 617.6m (+5% y/y) and cash operating expenses of AUD 135.5m (+1% y/y). ASX also declared a dividend of AUD 0.93 per share (+11% y/y).
NYX CEO Dunacan Niederauer warned that financial transaction taxes “can have unintended consequences” and expressed optimism about Brazil’s growth. Niederauer also mentioned the possibility of more Brazilian companies being listed on NYSE, on top of the 30 that are currently listed.
NYX selected Solarflare’s 10 Gigabit Ethermet server adapters and OpenOnload software to improve its data centers.
NYPC: Citigroup started clearing trades on NYPC for trades executed on NYSE Liffe US for BlackRock.
SBI Japannext reported a record in trading of JPY 536b (US$7b) in July, giving it a 2.65% share of Nikkei225, ahead of Chi-X Japan which has a 2.55% market share.
MF Global appointed Vinay Mahajan as Treasurer reporting to Mr Steenkamp. Mahajan was most recently MD and Treasurer at Fortress Investment Group, and prior to that held senior treasury and capital market roles at Citigroup, General Electric Capital Corp, PepsiCo, including others. The firm’s Treasurer since 2008, David Dunne, will continue to manage the day-to-day global liquidity demands of the firm as global head of Treasury Capital Markets.
RTS Realtime Systems completed its acquisition of trading technology firm First Futures Software Engineering (FFS), which will enable them “to have a strong presence on the ground in India”.
SEC is being accused by employee Darcy Flynn of destroying at least 9,000 documents related to inquiries of Wall Street banks and hedge funds, including Goldman Sachs, Deutsche Bank, and Lehman Brothers, among others. Flynn also conveyed that “the SEC has been destroying MUI files containing federal records since at least 1993, if not earlier, through July 2010.”
European Principal Traders Association (EPTA) wrote a joint letter to the International Organization of Securities Commission cautioning “regulators against basing regulations on evidence that is merely anecdotal” as “academic and industry research overwhelmingly support the important role of electronic liquidity providers in today’s marketplace, including those who employ tools such as algorithmic and high-frequency trading”.
Provided By: Equity Research Desk, www.erdesk.com
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