The Osaka Securities Exchange has signed a memorandum of agreement with the Taiwan Stock Exchange.
The memorandum envisages the two exchanges developing their business together in the Asian markets, via exchanges of staff, investor relations seminars, and eventually a joint trading platform.
TSX Group CEO Richard Nesbitt and International Securities Exchange (ISE) president and CEO David Krell yesterday announced the creation of DEX, a new derivatives exchange which is scheduled to begin operations in March 2009 and will list and trade options, futures and options on futures on a range of Canadian securities.
The Spanish equities, bond and derivatives exchanges group Bolsasy Mercados Espa?oles (BME) says its net profit in the fourth quarter of last year climbed 41.4% to € 38.38 million, up from € 27.14 million in the same period in 2005. This helped drive profits for the year up by more than a quarter, with earnings up appreciably in all areas bar fixed income trading.
Block Interest Discovery Service (BIDS Trading) announced yesterday that Bank of America, Bear Stearns, Credit Suisse, Deutsche Bank, JPMorgan and Knight Capital Group have invested in its recently formed alternative trading system (ATS), designed to increase competition and liquidity in the equity block trading market. The ATS is due to be launched later this month.
The International Securities Exchange announced yesterday that it set a new record daily trading volume of 5,531,875 equity and index options contracts on Tuesday, February 27, 2007. The previous record for contracts handling was 4,580,678, and was set on January 20, 2006.
The New York Mercantile Exchange (Nymex) is planning an IPO that could value the exchange at more than $1 billion, according to news reports in New York. The move comes as exchanges in New York, Chica
Buoyed by outsized returns and driven by an influx of hedge funds, equity market trading volumes surged throughout Asia in 2006, and institutional investors remain bullish about the region's prospects for the coming year, Greenwich Associates announces in its 2006 Asian Equity Investors Study.
Ed Balls MP yesterday announced measures at the second meeting of the Chancellor's High Level Group on City Competitiveness which will modernise the tax system to remove obstacles to competition and expand choice in trading financial instruments in the UK.
The Financial Times reported yesterday that the London Stock Exchange (LSE) is set to cut trading costs on seven FTSE-100 stocks, including Vodafone, ITV and Legal & General.
If the report is confirmed, it is likely to further undermine the profitability of equity brokerage firms executing trades in the most liquid stocks.
NYSE Euronext has launched a new exchange offer for all outstanding shares of Euronext, operator of the Paris, Amsterdam, Brussels and Lisbon bourses.
The move follows approval for a transatlantic merger granted by the US Securities and Exchange Commission (SEC) for New York Stock Exchange operator NYSE to join up with Euronext, which also operates the Euronext.liffe derivatives market.