April 4 2013

Public Markets

NYSE-ATG Venture in Brazil Aims to Bring in New Partners

Wall Street Journal

BM&F Bovespa has indicated it doesn’t want to share its clearing platform until the end of 2015 at the earliest. ATS, which had planned to use BM&F Bovespa’s clearinghouse, never made a formal request to the stock exchange, Gandelman said. Instead …

CFTC issues final rule to exempt swaps from Dodd-Frank clearing requirements

BankCreditNews

Under Dodd-Frank, the Commodity Exchange Act was amended to require the clearing of certain swap transactions. The CFTC adopted its first clearing requirement last year, which mandated swaps meeting specifications established in four classes of …

Nasdaq Sets Second Quarter Launch for ETF Market Maker Incentives

Traders Magazine

Nasdaq OMX Group said Wednesday that it will be able to launch its planned program for paying market makers to trade in particular exchange-traded funds. The Market Quality Program will launch by the end of June, Nasdaq OMX said Wednesday

Investors fight for a slice of Cleartrade 

http://www.efinancialnews.com

Cleartrade Exchange, the Singapore-based trading platform which put a 51% stake in its business up for sale in February, has said it has extended the sale deadline by a month after strong interest from investors.

Changes coming to NewConnect?

Warsaw Business Journal

The Warsaw Stock Exchange’s alternative NewConnect market has significantly slowed down. The number of new listings on the market in Q1 2013 was only 12, …

Private Markets

Indian Energy Exchange Enters Into International Tie-Up With The European Power Exchange( EPEX)

The Indian Energy Exchange (IEX), India’s No.1 Energy Exchange has entered into a Memorandum of Understanding (MoU) with the European Power Exchange (EPEX SPOT) on 16 February, 2013.

EPEX SPOT is the marketplace for short-term power trading in France, Germany, Austria and Switzerland. Under the proposed tie-up, both companies will work closely together on identifying opportunities that aim at enhancing information and knowledge sharing on the development of electricity trading through competitive market platforms.

IEX and EPEX SPOT will also share experience of electricity market operations, explore market development opportunities and identify training opportunities for IEX personnel as well as for the market participants in the form of direct training or joint training programs in India and neighboring countries.

Executive Interview: Yossi Beinart, President and CEO, NADEX (North American Derivatives Exchange)

Forex Magnates

Chicago-based derivatives exchange NADEX (North American Derivatives Exchange) was founded in 2004 as the HedgeStreet Exchange, which was the first CFTC regulated internet-based futures and derivatives exchange. Two years later in 2006, the …

Changes in Investors/Shareholders

World bank ex-chief’s James Wolfensohn firm to buy into NSE

The Economic Times

MUMBAI: Wolfensohn Capital Partners, the New York-headquartered investment firm owned by former World Bank presidentJames Wolfensohn, will buy 0.5%, or 2.25 lakh shares, in National Stock Exchange, India’s largest bourse by market share, for Rs 90 crore at Rs 4,000 apiece from its original investor Infrastructure Development Finance CompanyBSE 0.42 % (IDFC), two people with direct knowledge of the development said, signalling stronger interest from overseas investors in the Indian capital market.

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