NO 247 – SEPTEMBER 2013

WFE Focus
New services

Deutsche Börse presents best practice guide in the area of sustainability

Deutsche Börse has presented a best practice guide with recommendations on comprehensive capital market communication in the area of sustainability. The best practice guide serves as a voluntary aide to issuers in producing their sustainability reports. It aims to encourage companies to make use of sustainability issues in capital market communication in a targeted way.

Irish Stock Exchange to implement legal entity identifier system

All financial organizations, including legal entities, listed on the Irish Stock Exchange will need to comply with the new global Legal Entity Identifier (LEI) requirements in order to manage counterparty risk. The ISE is the sponsored pre-LEI provider in Ireland and is launching its on-line service for all legal entities to apply for a pre-LEI code through a simple, secure application portal. The ISE will communicate later the go live date.

Korea Exchange launches new market

In July 2013, the Korea Exchange launched the KONEX market for start-up SMEs. It will facilitate the direct financing for small and medium sized start-up companies. It is expected to play an important role in creating a favorable environment for innovative enterprises.

NSE launches corporate bond database

On 10 September 2013, the National Stock Exchange India launched a database on corporate bonds to boost the liquidity in the debt platform. The database, called Corporate Bond Information Database, is publicly available on NSE’s website and provides information on nearly 1,500 bonds from more than 100 issuers. NSE has tied up with Prime Database for this initiative.

NYSE Euronext European mini futures index contracts offered in the US

The Commodity Futures Trading Commission (CFTC) certified NYSE Euronext Amsterdam AEX index mini futures contract and NYSE Euronext Paris CAC40 index mini futures contract so that they may be offered to US investors effective 13 September 2013.

NYSE Technologies distributes market data in China

NYSE Technologies, the commercial technology division of NYSE Euronext, has obtained approval from the Chinese State Council Information Office to distribute market data in China. With the license from the SCIO, NYSE Technologies will disseminate financial information including NYSE Euronext’s real-time and historical market data, as well as SuperFeed1 services to market participants in mainland China.

Qatar Exchange enhances its website service

The Qatar Exchange has enhanced its data services provided through its website. Real time updates to the order book of each QE listed stock are now available via the Market Watch service. Investors have access to the best bid and ask and depth of order book.

SIX Swiss Exchange introduces sponsored access

On 19 August 2013, SIX Swiss Exchange launched “Sponsored Access”, providing the global trading community with an additional connectivity option to benefit from a fast and advanced trading technology. Sponsored Access offers a new way to enjoy a direct, low-latency connection to the highly liquid and efficient marketplace for Swiss and international securities.

TAIFEX to introduce negotiated block trading

On 2 December 2013, the Taiwan Futures Exchange will introduce negotiated block trading for TAIEX futures, Mini-TAIEX futures, TAIEX Options and single stock futures alongside the current continuous matching of block trades.

Taiwan Stock Exchange promotes listings of Japanese companies

With the aim of further expanding the scale of the Taiwan capital market and strengthening its international profile, the Taiwan Stock Exchange will encourage more Japanese companies to list on its market. To this end, the Taiwan Stock Exchange has abolished the listing requirement of a par value of TWD 10 per share.

Thailand Futures Exchange lowers minimum volume for block trade

Effective 2 September 2013, the Thailand Futures Exchange, under the Stock Exchange of Thailand group, has decreased the minimum size required for block trade transaction of high notional-valued contracts.

TMX Group launches Canadian implied volatility analytics feed

On 27 August 2013, TMX Group launched a new analytics feed for options traded on Montréal Exchange. TMX Datalinx, the information services division of TMX Group, will make the new feed available to the options trading community through the TMX Atrium global network and other content distributors. The Canadian implied volatility analytics feed is a low latency, real-time market data feed designed to provide clients with the necessary analytics to effectively evaluate potential trading opportunities and assess portfolio risk.