Deutsche Börse last week signed a memorandum of understanding, or MOU, with the Korea Exchange. The two firms agreed to further cooperate and communicate between both markets.
The Nordic stock exchange group OMX says the owners of the Ljubljana Stock Exchange have invited the company to join discussions on how OMX can help enhance the "efficiency, liquidity and visibility of the Slovenian capital market."
Spanish stock exchange group Bolsas y Mercados Españoles (BME) has tripled its electronic trading system's capacity. In 2006 its SIBE platform handled over 200 million transactions. The SIBE electronic system aims to guarantee that any investor, whether they are from Spain or elsewhere, receives the best price on the market at any time and the maximum liquidity and speed in the execution of their orders.
As the deadline for acceptance of its offer drew near, the Nasdaq Stock Market yesterday ticked off the London Stock Exchange (LSE) for failing to take its proposals seriously. In a response to LSE shareholders, Nasdaq said that the management of the exchange had "completely failed to engage" with its proposed merger plans, despite the fact the current Nasdaq offer was the best deal for shareholders.
BOAT, a consortium of nine investment banks launched to address regulatory changes in the financial markets with respect to pre-and post-trade market data provisions, has selected Cinnober Financial Technology, a provider of marketplace systems, post-trade management and trading applications technology, to be its technology provider and Markit Group, an industry source of independent data, portfolio valuations and OTC derivatives trade processing, as its business partner. Cinnober will provide the software that will form the basis of the BOAT platform and will supply hosting and operational services, while Markit will manage all the business operations of BOAT.
The Bombay Stock Exchange (BSE) expects to complete its IPO by May, and is already pondering a tie-up with a foreign stock exchange partner. The BSE faces competition from the National Stock Exchange (NSE), which has fewer firms listed on it but has higher daily turnover.
The New York Stock Exchange (NYSE) is planning a pilot programme to test the appetite among Internet users for stock exchange prices in real-time, according to a report in the Wall Street Journal on Friday.
The Moscow Interbank Currency Exchange (MICEX) and Deutsche Börse have signed a co-operation agreement. The two parties have agreed to provide what they call "a framework to internationalize the German and Russian financial markets with a view to attract additional investments in Russian companies."
The Technical Advisory Committee of the IBEX Indices has decided to incorporate Bolsas y Mercados Españoles (BME) into the IBEX MEDIUM CAP Index with effect from 2 January, in accordance with the Technical Regulations for the Composition and Calculation of the IBEX Indices.
The Spanish cash and derivatives exchanges group, Bolsas y Mercados Espa?oles (BME), is to distribute a EUR 50 million interim dividend charged to the 2006 consolidated results. It is equivalent to EUR 0.598 per share, an increase of 105% in respect to the 2005 interim dividend.