EXCHANGE NEWSWIRE, 26 August 2011
ASX appointed Elmer Funke Kupper as its new CEO. Kuper previously served as CEO of Tabcorp, an Australian gambling group, and was ran Australia & New Zealand Banking Group’s Asia Pacific business and the personal banking and wealth management unit.
CME and BVMF3 are jointly developing a multi-asset electronic platform to replace the GTS, Mega Bolsa, BOVESPA FIX and SIBEX trading systems. The first stage of the trading system will launch on August 29 when the new system Puma will gradually begin substituting the GTS system in a four stage process beginning with spot FX contracts.
CME plans to strengthen its partnership with BM&FBovespa to explore business opportunities in new regions according to CEO Craig Donohue in an interview with Valor Economico.
NDAQ: Dutch clearinghouse EMCF plans to offer clearing for OTC derivatives.
Deutsche Boerse said its IPO sentiment indicator fell below 30 points for the first time since 2009.
HKEx: Hong Kong’s Securities and Futures Commission said the Exchange should review the security of its systems and web services “more frequently” after the company’s website suffered a “malicious attack”.
SCHW is suing major banks (including BAC, CS, JPM, C and others) accusing them of conspiring to depress the LIBOR rate since 2007, understating their true borrowing cost.
WDR was initiated with a buy rating and a $34 target price at Jefferies.
JNS was initiated with a buy rating and an $8 target price at Jefferies.
French, Spanish, Italian and Belgian regulators extended the ban on short selling of financial stocks until September 30 or as soon as “conditions allow”.
Provided By: Equity Research Desk, www.erdesk.com
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