April 18th 2013

Public Markets/Technology

Brazil’s Market Surveillance Project Goes Live Across All Markets at BM&FBOVESPA

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 go-live of NASDAQ OMX’s SMARTS Integrity market surveillance platform across Brazil’s equities, commodities and futures. BM&FBOVESPA’s Equities market has been working with SMARTS since 2011, and now the Commodities and Futures markets will be monitored on the PUMA Trading System platform.

NYSE Technologies Launches Consolidated Feed for Level 1 Market Data

Wall Street Journal
NYSE Technologies, the commercial technology division of NYSE Euronext, today announced the launch of NYSE BQT (Best Quote & Trades), a consolidated XDP feed that provides a real-time, unified view of Level 1 market data, including Best Bid/Offer and …

Private Markets

Turkey would like to establish closer ties between Borsa Istanbul and the U.S.’ Nasdaq

Turkish Deputy Prime Minister Ali Babacan has said they would like to establish closer ties between Borsa Istanbul (BIST), the new exchange body that has merged stock and gold exchanges under a single umbrella organization, and the United States’ second-largest stock market, Nasdaq, during his visit, on which he rang the Nasdaq closure gong in New York.

Tradition Launches ParFX Trading Platform – A New And More Efficient Way To Trade Wholesale FX

Tradition, the leading global interdealer broker, today announced the launch of ParFX, its new spot FX trading platform. The launch follows a successful period of testing with many global banks and independent software vendors. The platform is now open to all banks able to settle via CLS.
ParFX is focussed on a growing requirement for and from the market to promote transparency and equality for all participants. The platform aims to deliver a genuinely level playing field and high-quality, efficient execution for all users. Key features include:

• Unique execution logic ensuring fair trading environment for all
• Enhanced trade cycle transparency – lit pre-trade, full disclosure post-trade
• Low-cost and easy access through industry-standard FIX protocol API
• Incorporation of trading costs into actual transaction
• Transparent trading pricing set equally for all users
• At-cost market data distributed in parallel to all active participants
• Increased competition among trading venues through high-quality and efficient execution at competitive prices

Products

IntercontinentalExchange Announces Launch of Russell 2000 Growth and Value Index Futures

Wall Street Journal

NEW YORK, April 17, 2013 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced today it will introduce two new Russell Index futures contracts. The contracts will be based on the Russell 2000(R) Growth and Russell 2000(R) Value Indexes and will begin trading on April 22, 2013, subject to regulatory review.
“These contracts provide additional tools for institutional customers, including equitizing cash balances, hedging style exposures and implementing overlay strategies,” said Patrick Fay, director of listed derivatives at Russell Indexes. “We are extremely pleased that the ICE is expanding its offering of Russell Index-based futures contracts.”

CME to list iron ore futures on electronic trading platform

Reuters

SINGAPORE, April 17 (Reuters) – CME Group will list its iron ore futures contracts on its electronic platform from May, the exchange operator said on Wednesday, hoping to boost liquidity in aderivatives market dominated by the Singapore Exchange.

Appointments

Abu Dhabi Securities Exchange appoints head of clearing

gulfnews.com

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) announced the appointment of Mohammad Al Muhairi as head of its Clearing, Settlement, and Depository (CSD) department. Al Muhairi has 13 years of experience in the financial sector while working at ADX …

Crowdfunding

7 Strategies For Launching A Successful Crowdfunding Campaign

Forbes

Crowdfunding can be an effective tool for accomplishing your startup goals. Whether you’re looking to jumpstart your marketing efforts, expand your customer base, or reach out to friends and family for funding, crowdfunding provides a platform to rally …

The Trouble With Crowdfunding

Forbes

Meanwhile, the LinkedIn group “CrowdSourcing and CrowdFunding” has over 19,000 members and is brimming with minute-by-minute activity, eclipsing the roughly 1,400 members of the “IPO” group. It is impressive that a concept barely in the investor …

Russian crowdfunding longs for legislation and trust

Russia Beyond The Headlines

Crowdfunding – collective financing of a project by a large number of non-professional investors – is yet to take off in Russia. Around 700 investors polled by the Russian investment forum MMGP said they were ready to take part in collective financing …

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