George Osborne, the UK Finance Minister last seen crying at Baroness Thatcher’s funeral, remains on the offensive against the EU’s crazy Financial Transaction Tax proposal. Launching a legal action Friday may help to create the momentum to water down or remove the ridiculous duty. If he would just remove his own stamp duty then it would be an added bonus.
Elsewhere in the news, competition heats up in multiple products in today’s news and welcome to… Continue reading
The Star Online
KUALA LUMPUR: Bursa Malaysia Bhd earnings fell 5.9% to RM38.20mil in the first quarter ended March 31, 2013 from RM40.61mil a year ago mainly due to salary review and adjustments. The stock exchange operator said on Thursday the review and …
Equities exchange operator BATS Global Markets will start charging U.S. clients for… Continue reading
Wall Street Journal
Brazil’s Market Surveillance Project Goes Live Across All Markets at BM&FBOVESPA
BM&FBOVESPA and BSM Running NASDAQ OMX’s SMARTS Integrity to Detect Market Abuse and Improve Transparency in Brazil’s Marketplace
NEW YORK and SAO PAULO, April 17, 2013 (GLOBE NEWSWIRE) — The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), BM&FBOVESPA, the Brazilian Securities, Commodities and Futures (BVMF3) Exchange, and BM&FBOVESPA Market Supervision (BSM), have announced the official… Continue reading
Singapore Exchange Ltd (SGX) reported its largest quarterly profit since the 2008 financial crisis on Tuesday as a surge in trading volumes pushed its earnings up 26 percent.
Net profit was S$97.7 million ($79.0 million) in the January to March quarter, well above the S$77.8 million earned a year earlier. That beat the S$95 million average forecast of six analysts surveyed by Reuters and was its highest… Continue reading
WARSAW, April 15 (Reuters) – The head of the Warsaw bourse on Monday ruled out a takeover by the Vienna Stock Exchange. “The cooperation with the Vienna bourse may go according to almost all options except the one in which the Vienna bourse takes …
Warsaw Stock Exchange Operates on the State-of-the-art Technology – Universal Trading Platform – subscription required
The Wall Street Journal
As of 15… Continue reading
The two stock exchanges, the biggest in Central and Eastern Europe, are in talks about a possible merger or other form of cooperation
The Warsaw Stock Exchange and the Vienna-based CEE Stock Exchange group are in preliminary talks for a possible merger or other form of cooperation, the CEE Stock Exchange said in a statement.
“In light of recent market information, Warsaw Stock Exchange (WSE) and CEESEG AG (CEESEG) confirm… Continue reading
–ISE targets a second-quarter launch for its planned second options exchange
–Exchange operator will call the industry’s 12th exchange ISE Gemini
–A launch before the end of the quarter could mark the third new options exchange launch in a year
Deutsche Boerse AG’s (DB1.XE, DBOEF) International Securities Exchange is looking to launch its second U.S. options exchange during the current quarter, pending approval from the Securities and Exchange Commission,… Continue reading
Vienna expanded by buying the bourses in Ljubljana and Prague in 2008 and Budapest in 2004, creating CEE Stock Exchange Group holding and beating Warsaw’s bid for Prague. While Vienna and Prague had one initial public offering apiece since 2011, …
The TRADE News
The Vienna Stock Exchange has played down rumours that it is in discussions with the Warsaw… Continue reading
The Warsaw Stock Exchange (GPW) and the Vienna bourse are discussing a merger that would create a hub for equities trading and initial share offerings in central and eastern Europe, said three people familiar with the talks.
Discussions between management and owners of the Vienna and Warsaw exchanges are at a very early stage, said the people, who asked not to be identified because the talks are private.… Continue reading
CME Group offers cross-margining for OTC interest rate swaps cleared through CME Clearing and its eurodollar futures and US Treasury futures contracts. Meanwhile, LCH.Clearnet is working to develop a ‘one-pot’ margining facility with NYSE Euronext and …
NYSE Euronext logo NYSE Euronext (NYSE: ) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance… Continue reading