April 19th 2013

Public Markets

elb2Bursa Malaysia Q1 earnings down 5.9% to RM38.2m – The Star Online

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 …

BATS exchanges to start charging for market data

MSN Money

Equities exchange operator BATS Global Markets will start charging U.S. clients for access to its proprietary market data as of July 1, a move that will bring in new, steady revenues as a multi-year market-wide slump in trading volumes continues.
BATS, which was the No. 3 U.S. equities exchange in 2012, will introduce monthly fees for depth of book data, as well as top of book and last sales feeds for its two U.S. exchanges (BATS BZX and BATS BYX), it said in a note to clients.
BATS Chi-X Europe depth of book feeds sourced from the United States will also be subject to fees, BATS said in the note.

NYSE Euronext (NYX), CME Group Inc (CME): A Special Situation Among Exchanges You Can Profit From

Insider Monkey (blog)

On the 4Q12 earnings call, management provided an update on the status of the merger with NYSE Euronext (NYSE:NYX). Analysts expect the deal will be accretive to IntercontinentalExchange Inc (NYSE:ICE) earnings in the first year. It is on track with its regulatory filings, and the companies are working together on integration and looking at possible synergies. The synergies will come from a reduction in corporate overhead, as well as merging trading platforms. There is additional accretion from migrating NYSE Euronext (NYSE:NYX)’s clearing business later this year.

Private Markets

Mongolian bourse eyes boom in stock market listings

Reuters

(Reuters) – The market capitalisation of companies listed on the Mongolian Stock Exchange (MSE) could leap more than 30-fold over the next three to five years, boosted by privatisations and new regulations, the chief executive of the bourse said on Thursday.
Mineral-rich Mongolia, a massive landlocked nation of fewer than 3 million people, has ambitions to become a destination for mining investment and has been working with the London Stock Exchange to modernise and develop its capital markets.

Social Stock Exchange to launch in the autumn – Civil Society

Civil Society Media

He said an Italian not-for-profit organisation called Vita was listed on the Alternative Investment Market, a sub-market of the London Stock Exchange. He said other charities could consider taking the same route by selling shares in their trading …

MTS Signs Crédit Agricole for Credit Platform

waterstechnology

MTS Credit has announced that Crédit Agricole Corporate and Investment Bank (CA CIB) has become the first prime bank to sign on to its platform for the electronic trading of non-government bonds.

CA CIB will offer sponsored access to the platform through its membership, allowing institutional clients to trade directly on the order book. MTS Credit, a multilateral trading facility (MTF), will offer pre- and post-trade anonymity in addition to permitting a range of trading strategies. The platform is designed to be compliant with incoming European Union reforms on the electronic trading of fixed-income instruments, and uses MTS’ BondVision distribution technology.

Cloud Options Creates a Commodities Exchange for Cloud Computing Services

Silicon Hills News

Just like electricity is traded as a commodity on an exchange, Cochrane sees a market for future trading of cloud services. That way companies can lock in a fixed price for the services they want and take uncertainty out of the buying process. The …

Techonology

Equinix Announces Significant Expansion to Increase Data Center Capacity in Singapore

RFP Connect

Equinix, Inc. expands its footprint in Singapore and the Asia-Pacific region with development of a third International Business Exchange™ (IBX®) and expansion of its second data center. The expansion plan showcases Equinix’s success in addressing market demand from financial and cloud service providers and demonstrates the company’s ongoing commitment to the data center market in Singapore.
At a groundbreaking ceremony that was held this morning, Equinix announced that it has commissioned Mapletree Industrial Trust, a leading industrial real estate investment trust listed in Singapore, to develop the new Singapore IBX, known as SG3.

Appointments

Singapore Exchange hires new securities head

FTSE Global Markets

Singapore Exchange (“SGX”) has appointed Jenny Chiam as senior vice president, head of securities. Chiam, who previously headed up Nomura’s South East Asia equity unit, will take over the role from Nels Friets, SGX’s current head of securities who came out of retirement in June 2011 for a two-year stint with the company. Chiam will join SGX on 1 July 2013 and report to SGX president, Muthukrishnan Ramaswami.

Other stories

Credit Suisse Says Moving Polish Equity Trading to London

San Francisco Chronicle

April 18 (Bloomberg) — Credit Suisse Group AG will move its Polish equity trading to London from Warsaw after turnover on the country’s stock exchange slumped last year. The bank, which moved its stock-dealing business to the Polish capital in 2010 …

Dutch fleet – The home of the world’s first stock exchange is now a high-frequency heartland

The Economist

ANY good history of financial markets will have a section on Amsterdam. The Dutch city was the home of the world’s first stock exchange, kicked off in 1602 by the issuance of shares in the Dutch East India Company (the Vereenigde Oost-Indische Compagnie, or VOC). Equity derivatives followed: forward contracts on VOC shares were being traded by 1607. By the 1630s the secondary market had taken off, helped along by Christoffel and Jan Raphoen, brothers who bought and sold VOC shares on demand and can claim to have been the world’s first market-makers.
Amsterdam has since become less pivotal to finance. But in the controversial field of high-frequency trading (HFT) it is still at the cutting edge. HFT is a catch-all term for ultra-fast electronic trading in which participants hold positions for short periods. It is a technique used by everyone from big banks to hedge funds. But the specialists are private firms punting their own capital to take advantage of tiny price anomalies, to hop on short-run trends and, in the case of some of Amsterdam’s biggest HFT operators, to make markets.

Crowdfunding

Crowd-funding: the Web provides the answer to the crisis

West – Welfare Society Territory

Innovative start-ups, websites, video games, theatre performances, collective projects for urban regeneration, scientific research: crowd-funding allows you to fund any proposal which is deemed valid by other web readers. The rules of the game are simple.

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