April 16th 2013

Public Markets

Warsaw bourse chief rules out takeover by Vienna rival

Reuters

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 April 2013, the Warsaw Stock Exchange (WSE) operates on a new trading system – the Universal Trading Platform (UTP) which represents world-class quality in technology and places WSE among the most advanced global stock exchanges.

Thanks to the new technology WSE gains access to new classes of instruments, investment techniques and trading functionalities.

As the largest stock exchange in the Central and Eastern Europe, WSE continues to strengthen its leading position in the region.

WARSAW, Poland, April 15, 2013 /CNW/ – UTP conforms to the top global standards and addresses the growing requirements of market participants while ensuring the organisation of trading in line with global trends. This platform has been developed by NYSE Technologies and is familiar to international investors and brokers on the biggest global markets: the same platform is used by NYSE Euronext exchanges in New York, London, Paris, Lisbon, Amsterdam, Brussels as well as other stock markets.

Warsaw Bourse Switches to NYSE Platform as Volumes Surge

Businessweek

The operator entered a strategic partnership with NYSE Euronext in 2010 and bought its Universal Trading Platform, which enables high-frequency transactions. The number of companies listed on Warsaw’s main market has doubled, while the average daily …

TMX Group Ltd : Canadian Derivatives Clearing Corporation Licensed by S&P Dow JonesIndices to Clear OTC Options Based on S&P/TSX Indices

http://www.4-traders.com

Toronto, Ontario, April 15, 2013 – S&P Dow Jones Indices announced today that it has licensed the Canadian Derivatives Clearing Corporation (CDCC) to clear Over-The-Counter (OTC) options based on the S&P/TSX suite of indices. This is the first license for clearing OTC trades in Canada.
The licensing agreement between S&P Dow Jones Indices and CDCC covers all S&P/TSX indices, providing the potential for greater risk management in the OTC equity derivatives marketplace served by these key indices. CDCC expects to launch the clearing service through its Converge offering in June 2013.

NYSE Euronext Lisbon and NERLEI Join Forces to Bring SMEs to Alternext

WebWire (press release)

Lisbon – – NYSE Euronext Lisbon, the Portuguese Stock Exchange, has recently signed a protocol of cooperation and partnership with NERLEI-Associação Empresarial da Região de Leiria (Entrepreneurial Association of the Leiria Region) aiming to draw …

Private Markets

CVC considers bid for betting exchange Betfair

Reuters

Since joining the London stock exchange three years ago, Betfair has lost ground to competitors at home and is pulling out of markets where gambling regulations are unclear, which provide almost a quarter of its revenue. Shares in Betfair, which …

Betfair Rises After CVC Holds Possible Offer Talks: London Mover

Businessweek

Betfair Group Plc (BET), a U.K.-based online gambling operator, rose the most in two and a half years today after CVC Capital Partners Ltd. said it has held talks regarding a possible offer for the company. The shares rose as much as 15.2 percent, the …

You are here: HomeGFI looks to the future

FOW magazine

Last month, it was revealed that GFI Group, the wholesale broker, had a pending application with
the Commodity Futures Trading Commission to launch GFI Futures Exchange. The application comes as delays to the rules governing how swaps will be traded …

Fidessa Partners With Key Brokers To Provide Pan-ASEAN Trading Service – Offers Immediate Access For Fidessa Community To Trade All ASEAN Markets

Fidessa group plc (LSE: FDSA) has today announced that it has partnered with a number of key Asian regional brokers to provide a simple, immediate one-stop-shop trading service for all ASEAN markets. The partnerships, with CIMB, DBS Vickers, Maybank Kim Eng, OCBC Securities, Philip Securities and UOB Kay Hian, make it possible to trade across the whole of the ASEAN region from a single connection to Fidessa’s global trading network. The service is available now for use by Fidessa’s extensive global community of buy-side and sell-side firms.

Technology

Trading Technologies to Provide Connectivity to MexDer

Wall Street Journal

Trading Technologies International, Inc. (TT) and The Mexican Derivatives Exchange (MexDer) today announced that TT has linked its X_TRADER(R) derivatives trading platform to MexDer, the leading marketplace for trading derivatives on Mexican …

Traiana’s Swap Data Repository Service Goes Live

Forex Magnates

Traiana’s post-trade solutions and the Harmony Network are used by over 500 of the world’s leading financial market participants and have become the market standard for post-trade processing of foreign exchange, exchange traded derivative, synthetic …

Appointments

BM&FBOVESPAS.A. Announces New Board Of Directors

BM&FBOVESPA S.A. shareholders elected a new Board of Directors for the company on Monday, in an Ordinary General Meeting. The new chairman will be Pedro Pullen Parente, who was already a member of the previous Board. He will be substituting Arminio Fraga Neto, whose second mandate that started in May 2011 has now drawn to a close.

As well as Pedro Parente, five members have been reelected: Candido Bracher, Charles Peter Carey, Claudio Luiz da Silva Haddad, José Roberto Mendonça de Barros and Marcelo Fernandez Trindade. The new members are Alfredo Antônio Lima de Menezes, André Santos Esteves, José de Menezes Berenguer Neto, Luiz Fernando Figueiredo and Luiz Nelson Guedes de Carvalho.

NZX Announces TradeMe CEO To Join NZX Board

NZX advises that Jon Macdonald, CEO of NZX/ASX listed Trade Me Group Limited, has accepted an invitation to join the NZX Board. Jon’s appointment is effective from 3 May 2013, subject to confirmation by NZX shareholders at the Annual Meeting to be held on that day.

Jon has a background in engineering and technology. He joined Trade Me in 2003 and was appointed CEO in 2008. Prior to joining Trade Me, Jon worked in London for HSBC Investment Bank in a variety of technical and management positions, and has worked for Deloitte Consulting with a focus on telecommunications and financial services. Jon has a Bachelor of Engineering (Hons) from the University of Canterbury.

Crowdfunding

Crowd funding could open doors and raise risk for small businesses

Sacramento Bee

To raise $15,000 for a new business venture, Sacramento, Calif., artist Danny Scheible went the route of many creative professionals: crowd funding. In a matter of weeks, his online appeal to launch a new line of quirky eyeglasses scooped up more than …

Startups find there’s financing in numbers

The Japan Times

Crowd funding makes it much easier for entrepreneurs, artists or other creators to raise money if they have a good idea worth investing in. It has also financed projects to support people in the northeast who lost their jobs and homes to the March 2011 …

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