News & Views
News & Views
The Egyptian government announced on 18 May 2015 postponing the execution of the Capital Gain Tax decision.
Korea Exchange (KRX) publicly announced that it has joined the United Nations Sustainable Stock Exchanges (SSE) Initiative as a Partner Exchange to promote sustainable business practices among listed companies at the UN Global Compact Korea Leaders Summit 2015 held on the 19th May 2015 in Seoul.
2015 marks the 25th anniversary of the creation of the world's first Exchange Traded Fund (ETF). To celebrate this milestone, as well as the rapid growth of the Canadian and global ETF markets, Atul Tiwari, Managing Director, Vanguard Investments Canada Inc. & Vice Chair, Canadian ETF Association (CETFA), members of CETFA and ETF providers joined Ungad Chadda, Senior Vice President, Toronto Stock Exchange (TSX) to open the market on TSX today.
"The ETF is a made-in-Canada financial innovation. We are proud to have led the world in the creation of this revolutionary investment product," says Mr. Chadda. "The ETF industry in Canada and globally has been a phenomenal growth story and TSX is committed to supporting the Canadian ETF market as it further grows and evolves."
Nasdaq (Nasdaq:NDAQ) today announced that Thomas A. Kloet, former Chief Executive Officer of TMX Group Limited, the Toronto-based stock exchange owner and operator, was elected to Nasdaq's Board of Directors as a non-executive director. Mr Kloet was CEO of TMX from 2008 until his retirement in October 2014.
Mr Kloet previously served on a number of boards, including: TMX Group, Bermuda Stock Exchange, Chicago Mercantile Exchange, CBOE Futures Exchange, Chicago Stock Exchange, World Federation of Exchanges, National Futures Association, and the Investment Industry Regulatory Organization of Canada (IIROC). He also recently served as Chairman of the Board for the BOX Options Exchange. He is currently a member of the Commodity Futures Trading Commission's (CFTC) Market Risk Advisory Committee.
BATS Global Markets (BATS), a leading operator of U.S. and European markets, today announced that President Chris Concannon will be appointed to the additional role of chief executive officer, effective March 31, 2015.
Mr. Concannon arrived at BATS as president in December 2014 with nearly 20 years of experience as an exchange executive, regulator and industry participant, and played a major role in the Hotspot FX acquisition announced January 16, 2015.
Joe Ratterman will now assume the role of chairman of the BATS board, replacing Paul Atkins. Mr. Ratterman, who led BATS as CEO for the past eight years, will remain closely involved at the company going forward, while also facilitating Mr. Concannon’s leadership transition. A respected industry expert, Mr. Ratterman will continue to represent BATS, and the industry’s diverse participants broadly, as a member of the SEC Equity Market Structure Advisory Committee.
Under Mr. Ratterman’s leadership, BATS has transformed into the world’s second-largest stock exchange operator. A company founder in June 2005, he became CEO in July 2007 when the firm – then known as BATS Trading – was a growing startup alternative trading system with 25 employees, operating from a single office in Kansas City.
In January 2005, the Korea Exchange, Inc. (KRX) was launched as Korea's single integrated exchange under the Korea Stock & Futures Exchange Act.
The Chilean stock market is one of the strongest markets in Latin America. There are three Stock Exchanges, being Santiago Stock Exchange, the most important in terms of traded volume, number of...
Eurex Clearing recently published its White Paper on the functioning of CCPs and their contribution to reduce systemic risk, given the ongoing discussions on the role of Financial Market...