April 12 2013

Public Markets

ISE targets 2Q launch for new options exchange


–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, the exchange operator said Thursday.
The ISE will call its planned second U.S. options exchange ISE Gemini, according to a company statement.
“ISE Gemini represents a complementary options platform that will stand “side-by-side” with ISE’s existing options exchange and together will act as drivers for long-term growth and innovation at ISE,” the exchange operator said in the release.

Nasdaq Cuts Greifeld’s Incentive Pay by $542100 Citing Facebook


Robert Greifeld, the chief executive officer of Nasdaq OMX Group Inc. (NDAQ), received 18 percent more in compensation for 2012 even as his bonus was reduced due to the mishandling of the Facebook Inc. (FB) initial public offering. Greifeld’s total pay …

National Stock Exchange of India Ltd (NSE) plans to go global through partnerships


Mumbai: The nation’s biggest bourse, National Stock Exchange of India Ltd (NSE), is planning to go global.
The exchange, which started operations in 1994 with a fully electronic trading platform, the first in the country, is in talks with potential partners in different markets to explore new business opportunities.
NSE is looking at forming joint ventures with overseas companies to start businesses in the market infrastructure space—ranging from setting up new exchanges to clearing houses, offering exchange-traded products, settlement services and data distribution, among others.

Philippine Stock Exchange plan to hike capital base gets board OK


The Philippine Stock Exchange is seeking ways to boost its capital base significantly to cover a stock dividend declaration and, perhaps, prepare for its plan to engage in merger and acquisition activities in the future. In a disclosure to the …


CME Group Selects Equinix for London-Based CME Globex Hub

Forex Magnates

New market regulations across Europe are driving the movement of derivatives to trade on exchanges resulting in trade processing through central clearing houses and data being reported and housed in trade repositories. Over the past few years, Equinix

NTT Communications Expands Tokyo Stock Exchange’s Global Reach with arrownet-Global to Hong Kong

The Sacramento Bee

TOKYO, April 11, 2013 — /PRNewswire/ –Tokyo Stock Exchange (TSE) partners with NTT Communications Corporation to launch its arrownet-Global network service in Hong Kong.Leveraging NTT Communications’ Ethernet Leased Line service and ultra-low latency cable systems, including the Asia Submarine Cable Express (ASE), the new connectivity offering will enable global financial service institutions in Hong Kong to directly access JPX Co-location (all), the new co-location service of Japan Exchange (JPX), and TSE’s systems for the first time.

DERIVATIVES: TrueEX launches swap portfolio management tool

IFR Asia

The platform is technically separate from trueEX’s exchange offering, which seeks to satisfy Dodd-Frank’s requirement for standardised swaps to be traded on an open access electronic screen. Thoseexchanges will not go live until the Commodity Futures …


Singapore exchange to list RMB equities

China Daily

Singapore Exchange and China Financial Futures Exchange, or CFFEX, signed a memorandum of understanding on Wednesday to cooperate in the derivative markets in both countries. “Our strategic goal is to establish a world class exchange, which can

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