fmxExchangeConnect - EXCHANGE NEWSWIRE, 24 August 2011

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EXCHANGE NEWSWIRE, 24 August 2011

August 24 2011, 10:05

EXCHANGE NEWSWIRE, 24 August 2011

LSE and the Investment Management Association told UK’s Competition Commission that they see no reason to block the BATS-Europe – Chi-X Europe merger, citing that its relatively easy to start a new MTF.

CME dismissed rumors that the NYMEX floor was evacuated or trading was halted after a 5.9 magnitude earthquake hit the US east coast yesterday. Some traders left the building voluntarily according to a company spokesman.

Nasdaq OMX Nordic plans to offer clearing interoperability within the next six to nine months. Initially EMCF, EuroCCP and SIX x-clear will be offered as clearing choices.

EEX and the Eurex Exchange will introduce a new incentive model for the emissions market offering two volume thresholds: if monthly volumes exceed 2 mn or 4 mn tones of CO2 the company is entitled to a rebate of EUR10,000 or EUR20,000 respectively.

LSE was initiated with a market perform rating and a GBp925 target price ant BMO.

NDAQ was upgraded to buy from neutral at UBS.

NDAQ was upgraded to strong buy from outperform at Raymond James. Target price was maintained at $32.

IOSCO’s Committee on Payment and Settlement Systems and the Technical Committee released a report on the OTC derivatives data trade repositories should be collected, stored and disseminated. The report recommends minimum data reporting requirements (and formats) and methodologies for data aggregation and dissemination.

Provided By: Equity Research Desk, www.erdesk.com

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