EXCHANGE NEWSWIRE, 29 August 2011
TMX-Maple deal may be left without a buyer according to Bloomberg, as TMX is now trading almost C$10 below Maple Group’s C$50-a-share unsolicited bid, close to the widest gap since the deal was announced in May.
DB1: Clearstream is in exclusive talks with ASX to provide a service addressing the exposure that banks and brokers face when trading on the Australian market. ASX aims to outsource the part of its business which calculates and manages the collateral participants need to post as a guarantee of a trade.
BVMF3 President Edemir Pinto is planning a restructuring in the company’s executive board in order to improve the exchange’s operational efficiency. The main focus will be on the unifying product design consultancy and strategic ally to the relocation of the executive Amarilis Sardenberg to fill the position of the supervisory board of the Brazilian stock markets.
BVMF3 and Shenzhen Stock Exchange signed an MOU which includes personnel exchange, mutual training, information and experience sharing.
NSE launched derivative contracts on S&P 500 and the DJIA, which are aimed at providing “Indian investors easy access to US markets in Indian market hours, without taking any currency risk”, according to CEO Ravi Narain.
NSE CEO Ravi Narain said that cost synergies for “mega mergers” have “not been that great” and that “national interest was seen as an important factor”. Narain also commented that “rushing into one particular mega merger” would cause NSE to be excluded “from many other interesting possibilities”.
ICE traded the first California Carbon Allowance forward contract, and this is also the first ever exchange-cleared trade based on California’s new cap and trade program.
Link Investimentos chose TTNET technology to provide its customers access to BM&F Bovespa and for global distribution of X_TRADER API and software.
Instinet joined The Order Machine (TOM) as a new member.
Provided By: Equity Research Desk, www.erdesk.com