April 11 2013

Public Markets

Vienna Bourse Seeks ‘Friendly’ Merger With Warsaw Exchange

Businessweek

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, …

Vienna bourse labels merger talks ‘normal course of business’

The TRADE News

The Vienna Stock Exchange has played down rumours that it is in discussions with the Warsaw Stock Exchange (WSE) about a possible merger.
A spokeswoman for the exchange said scheduled talks between Michael Buhl, CEO of Vienna bourse parent CEE Stock Exchange Group (CEESEG), and Warsaw Stock Exchange CEO Adam Maciejewski were part of an ongoing dialogue with industry participants.
“This is the normal course of business, and there is nothing relevant to report,” she said.

SGX and China Financial Futures Exchange ink derivatives markets MoU

Finextra

Singapore Exchange (SGX) and China Financial Futures Exchange (CFFEX) have signed a Memorandum of Understanding (MOU) to cooperate in the development of the derivatives markets in China and Singapore.
The agreement was signed in Beijing, China, between Mr Rong Zhiping, Deputy CEO of CFFEX and Mr Magnus Böcker, CEO of SGX.

trueEX plans to provide CME Group’s clearing members and customers with trueEX’s portfolio termination, compaction, re-balancing and back-loading services

Sacramento Bee

trueEX, LLC, announced today that it plans to launch a service to provide termination, compaction, re-balancing and back-loading services to CME clearing clients.
Pending CFTC review, trueEX, the first CFTC-regulated Designated Contract Market (DCM) for interest-rate swaps, would provide CME clearing clients with access to trueEX’s proprietary PTC (Portfolio Terminations and Compactions) platform.

LCH.Clearnet To Clear For Australian-Based FEX Global

LCH.Clearnet Ltd (LCH.Clearnet), the multi-national, multi-asset clearing house, has been granted regulatory approval by the Australian Government to clear energy, commodity and environmental derivatives listed on Australia’s Financial and Energy Exchange, FEX Global.
As a multi-national clearing house, LCH.Clearnet considers Australia as an important part of its geographic expansion strategy. LCH.Clearnet will leverage its extensive risk management and clearing capabilities across multiple asset classes to provide commodity market participants in Australia and the broader Asia-Pacific region with enhanced liquidity and transparency.

Private Markets

Borsa Istanbul Sees Jump in Foreign Bond Holdings With Euroclear

Businessweek

Borsa Istanbul, which combines the 28-year-old Istanbul Stock Exchange with the Istanbul Gold Exchange and the Izmir- based derivatives exchange, opened with a ceremony attended by Prime Minister Recep Tayyip Erdogan on April 5. To contact the …

Istanbul Bourse set to go public

Hurriyet Daily News

Borsa Istanbul (BIST), the new exchange body that has merged stock and gold exchanges under a single umbrella organization, has announced that it will be ready to go public by the end of 2015. BIST head İbrahim Turhan said after strategic partnerships …

Turkey Seeks to Lure Foreign Companies to $326 Billion Bourse

Bloomberg

Turkey’s National All-Shares Index has a market value of $326 billion, compared with $830 billion for South Africa’s FTSE/JSE Africa All Shares Index and $439 billion on Singapore’s Straits Times Index (FSSTI), data compiled by Bloomberg show. The …

National Stock Exchange set to unveil India’s first debt trading platform

The Economic Times

MUMBAI: The country’s largest bourse,National Stock Exchange, is all set to launch a dedicated trading platform for debts this month with capital market regulator Sebigiving the green signal last week. The exchange is in the midst of a membership drive to sign up entities for the new debt market segment and is expected to hold mock trading sessions from next week.

NSE will be the first exchange to offer a separate trading platform for debts. Other exchanges like BSE and MCX-SX are awaiting Sebi’s clearance to launch debt trading. According to regulations, banks,insurance companies, pension funds, provident funds and retail investors can trade in corporate bonds and government securities

Top investment banks seek to join Nigeria bourse: CEO

Reuters Africa

Bourse CEO Oscar Onyema told the Reuters Africa Investment Summit in Lagos that a return of confidence in the market from domestic investors burned by a 2009 financial crisis had reversed the trend of foreigners holding most Nigerian shares. Domestic …

Technology

Multi Commodity Exchange of India (MCX) offers trade alert confirmations via SMS, e-mail

Hindu Business Line

Multi Commodity Exchange of India (MCX) has implemented a system whereby only those clients, who have updated their mobile numbers in Unique Client Code database, can place orders in the exchange’s trading system. This will be with effect from April 6 …

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