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Asia Pacific Stock Exchange (APX) and NASDAQ OMX (Nasdaq:NDAQ) have signed an agreement for NASDAQ OMX to deliver its industry leading trading technology, X-stream, as well as Genium FIX, to Asia Pacific Stock Exchange to power its APeX® trading platform, the new rapidly growing securities exchange that is a bridge for capital, knowledge, deals and investor flows between Asia and Australia. The trading system is expected to go live in late 2014.

In order to provide a retrieval system of laws and regulations that is more friendly, transparent, convenient, real time and internationalized, Taiwan Stock Exchange Corp (TWSE) has recently launched a brand new user-friendly interfaced “laws and regulations to share knowledge database” retrieval system. TWSE has placed the system on its official website and welcomes people from outside TWSE to browse and use (website: www.twse.com.tw).

The BOVESPA FIX and SOMA FIX platforms will be deactivated in the second quarter of 2014.

The Taiwan Stock Exchange Corporation (TWSE) finalized its data transmission integration project at the end of December, 2013.

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, along with The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the release of TT's connection to NASDAQ OMX eSpeed, a fully executable central limit order book for electronic trading in benchmark U.S. Treasuries, one of the world's largest and most liquid cash markets.

Hong Kong Exchanges and Clearing Limited (HKEx) rolled out its Mainland Market Data Hub (MMDH) in Shanghai today (Monday), establishing its first infrastructure footprint in the Mainland and hence strengthening HKEx’s Mainland connectivity.
MMDH offers clients easy access to HKEx’s market data without having to maintain costly cross-border communication lines. At the initial rollout stage, it provides Mainland clients direct access to a securities market datafeed and an index feed under HKEx’s Orion Market Data Platform. The inclusion of other datafeeds from HKEx’s markets will be considered as demand from Mainland clients arises.

TMX Group today announced that it has reached a major milestone in the phased launch of its new high performance trading engine, TMX Quantum XA™. Customers are now able to connect to the new trading platform in a test environment and participate in simulated order entry sessions in preparation for the migration of Toronto Stock Exchange symbols, planned for June 2014.

The London Metal Exchange (LME) today announces a new policy to allow clients of LME members to connect directly to the Exchange’s electronic trading platform, LMEselect, for market data. The change will be effective from 24 March 2014.

The Lahore Stock Exchange (LSE) has launched the LSE Virtual Investment Competition - an online trading competition which simulates a real trading environment and allows participants to trade by using virtual amount of money. The virtual Investment Competition is open to the registered students only. This competition will be for thirty (30) days starting from February 1, 2014 till March 2, 2014.

Following its launch in January 2013, Japan Exchange Group, Inc. has worked to realize the synergistic benefits of the business combination between Tokyo Stock Exchange and Osaka Securities Exchange by promoting the steady and stable integration of its systems. The cash equity markets were integrated onto TSE's arrowhead trading system in July 2013, and the derivatives markets are scheduled for integration onto OSE's J-GATE in March 2014.

NASDAQ OMX (Nasdaq:NDAQ), the world's leading provider of market technology, was recently selected for 'Trading Technology Product of the Year' by Risk Magazine's 2014 Risk Awards. NASDAQ OMX received the award for its Genium INET trading platform, which now runs trading for 17 exchanges globally.

Abu Dhabi Securities Exchange (ADX) announced recently that it is in the final stages of completing the process of replacing its current trading system Horizon with the new trading system X-stream from NASDAQ OMX. ADX stated that it has successfully finished its third mock session on the new trading system.

Deutsche Börse Market Data + Services has acquired Impendium Systems, a London-based firm that deploys cloud-based software solutions to help customers’ achieve regulatory compliance in Europe, North America and Asia-Pacific.

London Stock Exchange announced on 13 January 2014 several important changes to its International Order Book – the world’s leading trading venue for Global Depository Receipts (GDRs) – to bring it in line with the SETS market, home to FTSE 100 and FTSE 250 index constituents.

Trading Technologies International, Inc. (TT) announced on 18 December 2013 the release of its connection to NASDAQ OMX NLX (NLX), the new London-based derivatives trading market.

The Budapest Stock Exchange migrated its electronic securities trading to Deutsche Börse's Xetra trading system. The Hungarian exchange is being linked to the Xetra network through the Vienna Stock Exchange, which has operated its own cash market with Xetra since 1999. Now all four stock exchanges in the CEE Stock Exchange Group (Vienna, Prague, Ljubljana and Budapest) are operating with Xetra.

Hong Kong Exchanges and Clearing Limited (HKEx) and Singapore Exchange (SGX) agreed to cooperate in several areas of common interest, which include promoting the internationalisation of the Renminbi by exploring joint product development; enhancing connectivity through points of presence in each other’s data centres; collaborating on technology development and regulatory issues; and may work closely in relation to extraterritorial market infrastructure regulation impacting the Asian region.

Singapore Exchange (SGX) has chosen London Stock Exchange Group’s (LSEG) MillenniumIT as the provider of a new post-trade system for Singapore’s securities market.

NYSE Technologies announced that its Exchange Data Publisher (XDP) is the market data engine powering the new Hong Kong Exchanges and Clearing (HKEx) Orion Market Data (OMD) Platform. Selected by HKEx for its industry leading, low-latency performance, XDP enables the HKEx OMD Platform to distribute market data packaged into value-added services tailored to different subscriber groups.
 

Hong Kong Exchanges and Clearing Limited (HKEx) has upgraded the trading and clearing systems for its derivatives market - HKATS (Hong Kong Futures Automatic Trading System) and DCASS (Derivatives Clearing and Settlement System) - to Genium INET, a new technology platform that provides better performance and supports the further development of the market.

The NASDAQ OMX Group (Nasdaq:NDAQ) announced that Boerse Stuttgart has selected NASDAQ OMX's world renowned Genium INET trading technology to power its market. The current Stuttgart market model will be fully supported by NASDAQ OMX market technology—the international "de-facto standard" for exchange system technology—which will strengthen the bourse's technological power of innovation. The go-live date is planned for 2015.

The NASDAQ OMX Group (Nasdaq:NDAQ) has entered an agreement with Bahrain Bourse (BHB) to upgrade its current trading platform. Under the terms of the agreement, Bahrain will replace its existing NASDAQ OMX platform (Horizon) with one powered by the industry leading X-stream technology. Additionally, BHB has reconfirmed its commitment to NASDAQ OMX's post-trade solution. The upgrade is estimated to be rolled out by late 2014.

 

TMX Atrium, provider of smarter infrastructure solutions for the financial community, announced the completion of a significant upgrade to its North American infrastructure. The upgrade has been implemented to offer TMX Atrium community members flexible and fully scalable access to multiple markets across North America and into Eastern and Western Europe.

On June 10, 2013, Taiwan Stock Exchange Corporation (TWSE) held a groundbreaking ceremony for the construction of its data center in Banqiao.  

The NASDAQ OMX Group (Nasdaq:NDAQ) has entered an agreement with the Iraq Stock Exchange (ISX) to upgrade its current trading platform. Under the terms of the agreement, ISX will replace its existing NASDAQ OMX platform (Horizon) with one powered by the renowned X-stream technology. The upgrade is expected to be rolled out by mid-year 2014.

Eurex Exchange has been operating since Monday, 10 June, entirely on Deutsche Börse Group’s global trading architecture. The fixed-income derivatives segment, including highly liquid Euro-Bund, Euro-Bobl and Euro-Schatz futures, was the last to migrate from the previously used system. The new platform meets the needs of Eurex Exchange participants in terms of enhanced performance, efficiency and capacity, more connection options and improved functionality, while maintaining the high stability and availability that traders are used to. This technology has already been successfully used since April 2011 by the International Securities Exchange (ISE), the leading U.S. options venue and Eurex Exchange’s partner exchange.

NASDAQ Dubai, the Middle East’s international financial exchange, is preparing to open a platform on which investors can trade Sukuk (Islamic bonds) and conventional bonds.

TMX Group announced the successful migration of Alpha to TMX Group's proprietary trading engine, TMX Quantum. As part of TMX Group's overall integration plan, Alpha now operates on the same platform as Toronto Stock Exchange, TSX Venture Exchange and TMX Select.

NASDAQ OMX Commodities is pleased to announce the launch of new instruments and functionality in Genium INET. Genium INET will be upgraded to version 0230 during the weekend 8-9 June, 2013. Thereafter, subject to successful testing and regulatory approval, the enhancements listed below will be activated for members according to a detailed time plan which will be published in due course.

The Cayman Islands Stock Exchange (CSX) migrated its electronic securities trading to Deutsche Börse’s Xetra trading system. Xetra trading participants can now use Deutsche Börse’s infrastructure to easily access a non-European financial market. It also gives six new market participants from the Cayman Islands access to an extensive pan-European network of traders.
 

Eurex Group and the Bombay Stock Exchange (BSE) announced that they have agreed to deepen their strategic partnership through a long-term technology
alliance under which BSE will join the Eurex technology roadmap and deploy Deutsche Börse Group’s trading architecture in a first step. BSE aims to replace its derivatives market platform in the course of 2013 and plans to subsequently replace also its cash market platform. This agreement is an important step in further developing the strategic partnership between Eurex and BSE.
 

  • Advanced trading and clearing platform will enable DGCX to expand product offerings and attract new traders
  • The new platform facilitates greater efficiency and liquidity in the DGCX marketplace by offering ultra-fast matching and real-time clearing
  • Provides a new risk management benchmark worldwide by integrated trading and clearing in real-time

On Tuesday, Feb. 26 in Manila Philippines, the Korea Exchange(KRX) and the Philippine Securities and Exchange Commission(SEC) signed a contract to export KRX's cutting-edge Market Surveillance System to the Philippine markets. This contract was signed by KRX Chairman & CEO Bongsoo Kim and Philippine SEC Chairperson Teresita J. Herbosa. This is the second event that KRX has exported its IT systems to the Philippines in the wake of the Capital Markets Integrity Corporation(CMIC)-subsidiary of Philippine Stock Exchange (PSE) - contract.

The Warsaw Stock Exchange announces the successful completion of the acceptance process of the trading system UTP. As an important element of the process, functional and technical acceptance tests have been completed with a positive outcome. The completion of this stage of the project means that the new trading system has entered the last phase of preparations before the production launch on 15 April 2013.

Hong Kong Exchanges and Clearing officially opened its Next Generation Data Centre in the Tseung Kwan O Industrial Estate, further strengthening the technological foundation of HKEx’s markets and marking a bold commitment to the development of Hong Kong as an international financial centre.

 

Bursa Malaysia Berhad (“Bursa Malaysia”) replaced its existing market surveillance systems for its equity and derivatives markets with the Millennium SurveillanceTM System, effective 31 December 2012.

 

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Bolsa Electronica de Chile (BEC) launched NASDAQ OMX's X-stream trading platform providing BEC with world-class trading technology and strengthening their ongoing strategic alliance for product development and global visibility.

 

Bursa Malaysia (BURSA:MK) and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), announced that Bursa Malaysia has selected NASDAQ OMX to power its securities market trading through NASDAQ OMX's industry leading technology, X-Stream INET.

 

Singapore Exchange (SGX) and Eurex will offer market access to their customers with their data center linkage available from January 2013.

SGX and Eurex announced in March 2012 a partnership to deliver enhanced market access and cost efficiencies to members of both exchanges by linking their co-location centers.

Eurex Exchange, the derivatives arm of Deutsche Börse Group, has successfully launched the world’s most advanced trading system. With the new trading system, participants of Eurex Exchange benefit from significantly better performance, more choice and enhanced functionalities – all based on Eurex Exchange’s proven reliability.

With XETRA®, the Vienna Stock Exchange has been operating an absolutely state-of-the-art trading system for its participants for years. XETRA® is constantly being developed and improved by the stock exchanges. As of today, the latest version of the system, XETRA® 13.0, went live. Along with exchanges in Vienna and Ljubljana, the new system was implemented in a concerted action throughout Europe involving all exchanges using XETRA®.

Hong Kong Exchanges and Clearing Limited (HKEx) has selected MillenniumIT's multi-asset-class gateway platform, Millennium SOR™, to drive the HKEx Orion Central Gateway. The HKEx Orion Central Gateway is the second building block in the HKEx's next generation platform roadmap, and will be rolled out for HKEx’s securities market in the fourth quarter of 2013.

  • Supporting Bolsa Mexicana's New Matching Engine
  • Fast Global Connectivity and Market Access via NYSE Technologies' SFTI and ATG's Network
  • Customized Risk Controls Utilizing NYSE Technologies' Risk Management Gateway
  • Global Market Data distribution via SFTI with direct contract with BMV

 

Russia’s largest financial exchange, the Moscow Exchange MICEX-RTS deploys its first connectivity point in Equinix’s London LD4 Data Center.

Moscow Exchange announced the launch of its new trading platform Spectra to power the FORTS market  and Standard sector and enhance its clearing and trading system performance by the end of 2012.

"Spectra is the first major software solution released after the integration of MICEX and RTS. The development team incorporated the experience of the past ten years and addressed technological shortcomings and limitations of previously operated systems. Development of Spectra required major architecture re-design to streamline future development and enhancements", - states the announcement.

 

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Bolsa de Valores de Colombia (BVC), the fourth largest stock exchange in Latin America, announced the extension of their current technology contract for an additional five years. This extension is part of BVC's ongoing initiative to continue strengthening its position in both the regional and international exchange arena.
 

The Mexican Stock Exchange (BMV) launched last September 3 its new trading engine, MoNeT, which was internally developed by the Technology Division of the BMV.

 

The Cayman Islands Stock Exchange (CSX) is to use Deutsche Börse's electronic trading system from spring 2013.

Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Ltd. and Canada's derivatives exchange, announced the launch of its options trading simulator.

 

The Stock Exchange of Thailand (SET) is ready to be connected on the ASEAN Trading Link in October, following a recent successful launch of SET’s new trading engine, and aims at increasing investment opportunities in Thailand by actively presenting the potential of the Thai stock market and strengths of its listed companies for investors both in Malaysia and Singapore ahead of the launch of ASEAN Trading Link.

 

Deutsche Börse AG and CEE Stock Exchange Group (CEESEG) have recently concluded a major IT agreement. From mid-September 2012, Deutsche Börse IT will act as network operator for the largest stock exchange group in Central and Eastern Europe and provide its ExServes CEESEG FIX Connectivity solution for connecting customers to the CEESEG FIX Gateway.

The Stock Exchange of Thailand (SET) announces that the bourse has completely developed its new securities trading system, called SET CONNECT, which is ready to be deployed on September 3. With greater capacity than the current system and high efficiency comparable to global leading stock exchanges, SET CONNECT is able to support its domestic and international new financial product launches and upgrade the Thai capital market to meet international standards, while enabling global connectivity.

The Malta Stock Exchange (MSE) migrated its electronic securities trading to Deutsche Börse’s Xetra trading system on Monday. Xetra trading participants can now use Deutsche Börse’s infrastructure to easily access the Maltese financial market. It also gives twelve new market participants from Malta access to an extensive pan-European network of traders.

 

As previously communicated, The Stock Exchange of Thailand (SET) and Cinnober have been involved in a major project for the Thai exchange trading infrastructure.

 

Trading in gas spot market and futures contracts on the CEGH Gas Exchange of the Vienna Stock Exchange started on the new trading system Trayport ETS. The Trayport Global Vision Exchange Trading System (ETS) provides state-of-the-art technology for commodities trading and integrates the CEGH market into international markets. Gas contracts had been traded through the platforms XETRA® and EUREX® up to now. “Technical innovation and development are essential for exchange trading in these times. Regular system updates and the introduction of new functionalities ensure that trading on the Vienna Stock Exchange is always in line with the latest trends,” explained Michael Buhl, member of the Management Board of the Vienna Stock Exchange.

 

The Johannesburg Stock Exchange (JSE) celebrates the start of a new era for its equity market with the launch of equity trading platform Millennium Exchange™, developed by technology solutions provider MillenniumIT. The day also marks the moving of the platform from London, where the trading engine has been situated for ten years, to the JSE building in Johannesburg. These changes are aimed at enhancing operational efficiencies for market participants, who are expected to benefit from executing transactions almost 400 times faster than the present trading solution.

 

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the Hong Kong Exchanges & Clearing Ltd (HKEx) will upgrade its derivatives trading system (HKATS) and clearing system (DCASS) to NASDAQ OMX's Genium INET technology. In addition HKEx has extended its support contract with NASDAQ OMX for a further five years. The platform upgrade is scheduled to be in effect by fourth quarter of 2013.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the Hong Kong Exchanges & Clearing Ltd (HKEx) will upgrade its derivatives trading system (HKATS) and clearing system (DCASS) to NASDAQ OMX's Genium INET technology. In addition HKEx has extended its support contract with NASDAQ OMX for a further five years. The platform upgrade is scheduled to be in effect by fourth quarter of 2013.

London Stock Exchange Group is pleased to announce that Borsa Italiana’s cash markets have migrated to the ultra low-latency trading platform, Millennium Exchange. The Millennium Exchange offers new order types, broadening trading and investment opportunities for market operators

 

Pakistan Mercantile Exchange (PMEX), the first technology-driven, web-based, de-mutualised Commodity Exchange in Pakistan, recently signed an agreement with Catalyst IT Solutions to provide them with a technology platform whereby PMEX brokerage houses will be able to offer multi asset/multi exchange online trading platforms, mobile trading platforms and SMS alert services to their clients.

 

The Eurex Exchange Council unanimously approved the planned introduction of a completely new trading architecture at its regular meeting. This approval meets a major legal requirement. The introduction of the new trading system will, among other things, also require an amendment to the Exchange Rules to also be approved by the Exchange Council. The migration is scheduled to begin in December 2012, with products transferred from the current to the new system in four stages.

The Eurex Exchange Council unanimously approved the planned introduction of a completely new trading architecture at its regular meeting. This approval meets a major legal requirement. The introduction of the new trading system will, among other things, also require an amendment to the Exchange Rules to also be approved by the Exchange Council. The migration is scheduled to begin in December 2012, with products transferred from the current to the new system in four stages.

 

Singapore Exchange (SGX) and BT  jointly announced that SGX will use BT Radianz services to provide access and connectivity for its new hubs in Chicago and London. SGX is the first Asian exchange with hubs in the U.S. and Europe, a move intended to bring its markets closer to international investors.

 

Deutsche Börse continues to expand its high-performance network. The company announced that it will set up an additional access point to its global trading network in the Equinix ZH4 data centre in Zurich. This access should be ready for use in the third quarter. SIX Swiss Exchange already uses the Zurich data centre operated by Equinix as a co-location centre for its customers.

Market Data & Analytics has launched AlphaFlash Trader, a new trading application that delivers ‘drag and drop’ automated event driven trading to popular execution platforms. The new tool is already available to traders using the X_TRADER® Pro platform from Trading Technologies International, Inc. and will be adapted to other execution platforms going forward. With the launch of AlphaFlash Trader, machine-readable news becomes accessible to a new client group. Deutsche Börse is therefore enabling more traders to execute automated trades based on macroeconomic indicators.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Kuwait Stock Exchange (KSE) has successfully rolled out its new NASDAQ OMX powered trading platform. KSE's new trading platform is based on NASDAQ OMX's proven X-stream technology and will initially support trading of cash equities and forwards, with additional derivatives products and bonds to be added in the next phase. NASDAQ OMX has also provided KSE with index calculation technology and a SMARTS powered surveillance solution.

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the completion of an agreement with Cetip, S.A. (BOVESPA: CTIP3) to develop and deliver a new fixed income trading platform to be offered by Cetip for Brazilian corporate and government bonds.

BME has upgraded the Spanish stock exchange’s trading platform (SIBE) successfully, in this way bringing trading in Shares, ETFs, Warrants and other investment products into one single system. BME’s platform multiplies transactional capacity while providing the Spanish stock market with sufficient growth potential to respond to the present and future needs.

The International Securities Exchange (ISE) completed Technology Release 3.0, the latest upgrade to its new trading system based on the OptimiseTM trading architecture. With this release, ISE introduced the technology necessary to enable Legging Orders, a new order type scheduled to go live in early May. With Legging Orders, ISE will significantly enhance the execution of multi-legged strategy orders by enabling greater interaction of the complex order book with the regular order book. The result will be an increased fill rate for multi-legged strategy orders as well as tighter spreads and increased liquidity on the regular order book.

Hong Kong Exchanges and Clearing Limited (HKEx) has selected NYSE Technologies' Exchange Data Publisher (XDP)™ to drive the HKEx Orion Market Data Platform. XDP is an ultra-low latency solution designed to collect, integrate and disseminate real-time market data to local customers and, using regional hubs, to customers around the globe.

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the launch of “HKEx Orion”, a transformative programme of technology initiatives that will elevate Hong Kong’s position on the world’s financial stage.

Global Board Of Trade (GBOT), Mauritius, has successfully certified MetaTrader 5 Trading Platform developed by MetaQuotes Software Corp (MetaQuotes) and has also granted ISV status to them. This creates another avenue for global trading community and members of MetaQuotes to connect to GBOT and is expected to further enhance participation and trading on the exchange.

Qatar Exchange has successfully taken its new market monitoring system, Scila Surveillance, into production. The system, delivered by Cinnober, is customized to the needs of Qatar Exchange (QE) in terms of (a) new alerts to detect abnormal market behavior and conditions that are specific to the exchange's Rule Book, (b) integration with the exchange's trading engine, post-trade system and news feed, and (c) new reports and screen features.

Market Surveillance at NASDAQ OMX Oslo has implemented a new surveillance platform, the SMARTS Integrity Platform (SMARTS) on 5 March 2012.

The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) reports that NASDAQ OMX Nordic through the launch of commodities on the Genium INET platform has created an all-asset, cross-market technology platform. In line with the roadmap that was set out in 2008, all asset classes from all eight markets in Sweden, Finland, Denmark, Norway, Iceland, Lithuania, Latvia and Estonia are now tradable on one common INET-based technology platform.

Muscat Securities Market (MSM) and NYSE Technologies, the commercial technology division of NYSE Euronext, announced the successful migration of the MSM to NYSE Technologies' NSC V900 trading platform. The innovative trading infrastructure offers market participants the benefits of industry leading performance and speed.

NYSE Euronext (NYX) announced that it has agreed with China Securities Index Co., (CSI) to manage the calculation of three of CSI’s indices: Overseas China Internet Index, Overseas China Consumer Discretionary Index and Overseas China Consumer Staples Index. Leveraging NYSE Euronext’s operational and listed products expertise, this new initiative represents a significant milestone for the global index services of NYSE Euronext to further expand its index offerings in the Asian region meeting the growing demand to track the performance in Chinese companies.

Eurex announced its plan to launch a completely new trading system. Subject to the required legal approvals, first roll-out is currently scheduled for December 2012, followed by a migration phase, where products will be moved in a stepwise approach from the current to the new trading system. It will be developed internally and based on Deutsche Börse Group’s proprietary global trading architecture, which is already in use at the International Securities Exchange (ISE).

NASDAQ OMX Commodities Genium INET will be launched 5 March 2012 (ref. exchange and clearing information no. 19/11, 27/11, 43/11 and 49/11). The weekend 3-4 March will feature mandatory activities for all members. Exchange and IT information with overviews of the launch preparation activities, launch weekend plan and roll back framework will be distributed in the beginning of February. Additional activities and plans will be updated through exchange notices or member IT notices if necessary.

NYSE Technologies, the commercial technology division of NYSE Euronext, announced the opening of its latest Liquidity Center installation in Toronto, ON Canada. As one of the key trading locations identified by NYSE Technologies in building its global Liquidity Center Network, the Toronto trading solution offers a combination of services that provide high-performance access to markets, market information and other essential electronic trading infrastructure services.

Deutsche Börse AG has been offering trading and market data via dedicated 10 Gigabit/s connections to its clients at the Equinix data centre in Frankfurt. Co-location clients of both the derivatives market Eurex and the cash market Xetra can take advantage of the new service.

The International Securities Exchange (ISE) implemented its latest technology release to enhance its new trading system based on Deutsche Börse Group’s OptimiseTM trading architecture.

The Johannesburg Stock Exchange (JSE) and Fixnetix announced that the exchange has chosen Fixnetix as the provider of the JSE’s point of presence (PoP) in the UK, giving global investors easier access to the JSEs markets.

The Australian Securities Exchange (ASX) confirms that ASX PureMatch will go-live on Monday, 28 November 2011. ASXhas now received regulatory clearance from the Australian Securities and Investments Commission allowing for its launch.

Tokyo Stock Exchange, Inc. (“TSE”) is pleased to announce the successful launch of “New Tdex+ System”, a new trading platform for derivative products. The New Tdex+ System is an advanced electronic trading system based on the technology platform developed by NYSE Technologies and used by NYSE Liffe in London, one of the largest derivatives exchanges in Europe and NYSE Liffe U.S. in New York. It is highly regarded for its superb performance and state-of-art functionality by investors worldwide. Options trading has been conducted on the existing Tdex+ System since October 2009, but this migration of futures to New Tdex+ System will integrate both trading platforms of the TSE derivatives market and greatly increase system efficiency.

Hong Kong Exchanges and Clearing Limited (HKEx) announced that an upgrade of its securities market trading system (AMS/3) from the current AMS/3.5 version to AMS/3.8 will be rolled out on 5 December 2011 (Monday). The rollout plan follows the successful completion of a series of market rehearsals and Exchange Participants’ (EPs’) confirmation of their readiness.

The Egyptian Exchange (EGX) celebrated the launch of NILEX new trading system with a "Ringing of Bell Ceremony" on Sunday 13th of November 2011. EGX's Chairman, Dr. Mohammad Omran, announced that the trading system applied in the main market will be applied to NILEX from this day onwards.

TMX Group announced that it has successfully completed the second phase of its equity Enterprise Expansion project. This initiative was designed to provide customers with significantly improved trading technology and performance across the TSX Quantum® trading enterprise.

London Stock Exchange Group (‘the Group') announced that MillenniumIT, a wholly owned subsidiary, has signed a contract with the Delhi Stock Exchange (‘DSE') to provide the Indian Exchange with trading technology. The deal will see MillenniumIT provide solutions for equity, derivatives and FX trading as well as clearing technology.

Eurex Group launched its latest software release. Eurex Release 14.0 provides members with greater choice and enhanced flexibility in how they connect to the Eurex network through new interfaces, further clearing and risk management improvements as well as performance optimization.

The International Securities Exchange (ISE) completed the most recent upgrade to its new trading system based on Deutsche Börse Group's OptimiseTM trading architecture. Technology Release 1.6 is the second major enhancement to the system since the completion of its initial rollout in July 2011. The compressed release cycle of Optimise allows for greater flexibility to introduce performance enhancements and new functionality while minimizing any additional work for ISE's member firms due to its backward compatibility.

Tokyo Stock Exchange, Inc. (TSE) will migrate futures trading to Tdex+ System on November 21, 2011. In connection with the migration, TSE will implement functional and systematic improvements for the derivatives market, including the extension of trading hours and the introduction of a Market Maker Scheme for mini-futures trading. Additionally, TSE has established a Facebook page as below for the purpose of disseminating such information and promoting interactive communication with market users.

Tokyo Stock Exchange, Inc. (TSE) will migrate futures trading to Tdex+ System on November 21, 2011. In connection with the migration, TSE will implement functional and systematic improvements for the derivatives market, including the extension of trading hours and the introduction of a Market Maker Scheme for mini-futures trading. Additionally, TSE has established a Facebook page as below for the purpose of disseminating such information and promoting interactive communication with market users.

The Malta Stock Exchange is going to use Xetra – Deutsche Börse Group’s fully electronic trading system. Probably from mid 2012, Deutsche Börse will organize trading in equities listed on the Malta Stock Exchange. Both parties signed a minimum 5-year contract on 24 October.

Deutsche Börse has chosen Juniper Networks as the technology provider for the new 10 Gbit/s network for clients of Deutsche Börse Group's proximity service.

BSE Ltd. and Financial Technologies (India) Limited (FTIL) have signed an agreement to provideODIN™—a brokerage solution of FTIL—to BSE members as a part of the exchange’s efforts to re-launch its equity derivatives segment. As per the agreement, the empanelled members on BSE will trade on its derivatives segment using ODIN™’s Computer-To-Computer-Link (CTCL) platform.

The international derivatives exchange Eurex has completed the re-location of its active matching engines into a new single data centre.
With this step, Eurex achieved a further milestone of its technology roadmap.

The Stock Exchange of Mauritius (SEM) has been awarded the “Most Innovative African Stock Exchange of the year Award” at the Institutional Investment Summit and Index Series Awards organised by Africa investor (Ai), a leading international research and communication group, in collaboration with New York Stock Exchange (NYSE) Euronext. The Award was presented to the SEM at the New York Stock Exchange on 26th September 2011.

Princess Máxima of the Netherlands sounded the gong at NYSE Euronext in Amsterdam to celebrate the opening of the trading floor.

BM&FBOVESPA is in the process of implementing the PUMA Trading System new trading platform - developed by BM&FBOVESPA and CME Group –, structured in the following stages:

* 1st Stage: Substitution of GTS (derivatives and spot foreign exchange);
* 2nd Stage: Substitution of Mega Bolsa (equities and equity derivatives);
* 3rd Stage: Substitution of BOVESPA FIX (fixed-income corporate securities) and SISBEX (government securities).

Tokyo Stock Exchange has determined to have the launch for the “Next Tdex+ System” for futures and options trading and “3rd Generation ToSTNeT” which is for ToSTNeT trading of stock and CB on November 21st, 2011.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), BM&FBOVESPA, the largest stock exchange in Latin America, and Bovespa Market Supervision (BSM), the Brazilian self-regulatory organization in charge of inspecting and supervising the transactions and the persons authorized to trade, announced that they will use NASDAQ OMX's SMARTS Integrity market surveillance platform to monitor trading across their equities and commodities platforms.

BM&FBOVESPA and CME Group are jointly developing a multi-asset electronic trading platform. This shall substitute the Global Trading System (GTS), Mega Bolsa, BOVESPA FIX and SISBEX, integrating them into a single system with greater processing capacity, extremely low latency, and new functions.

NYSE Technologies, the global commercial technology unit of NYSE Euronext (NYX), announced that it has entered into a strategic agreement with DuPont Fabros Technology, Inc. (NYSE: DFT) to build and operate a SFTI® Access Center at their NJ1 data center facility in Piscataway, NJ.

London Stock Exchange Group (the Group) today announced that Norwegian Exchange operator, Oslo Børs has confirmed it will be moving its equity and fixed income trading onto the Group's Millennium Exchange trading platform.

Millennium Exchange is an ultra low latency, highly scalable trading platform offering low-cost solutions to exchange businesses around the world.

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Report

Executive Summary

·         The soundness, efficiency and stability of securities markets rely on the quality of information provided; the integrity of people and service provision; the effectiveness of regulation; and increasingly the robustness of supporting technological infrastructure. Yet, there is limited public, targeted and in-depth study into how one of the more prominent technology-based risks: cyber-crime could and is impacting securities markets.

·         Cyber-crime can be understood as an attack on the confidentiality, integrity and accessibility of an entity’s online/computer presence or networks – and information contained within. 

Study completed with the Taiwan Stock Exchange Corporation for WFE by Paul Pickup, June 2008

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This working paper presents important interim findings of the international Foresight project: The Future of Computer Trading in Financial Markets. In particular, it considers the costs, risks and benefits of six possible regulatory measures which are currently being considered within the European Union’s Markets in Financial Instruments Directive 2 (MiFID II). It precedes the final project report which will be published later in 2012, and which will consider a broader set of issues surrounding computerbased trading (CBT) over the next ten years.

 

It is quite troubling and perplexing to witness the technology mishaps that have occurred recently in the world of capital markets. For more than two decades, technology has shaped and continues to define the architecture of capital markets globally; hence, it is imperative at this stage in the evolution of the markets to come to certain realizations about the inherent risk that lies in this dependency on information technology for the industry overall.

In addition to major market events that have been blamed on technology such as the Flash Crash in May 2010, news organizations have reported many technology related snafus over the last couple of months:

High Frequency Traders, or HFTs for short, are at the eye of the regulatory storm that has unfolded post the 2007-2009 financial crisis. Fuelled by the Flash Crash on the 6 May 2010 in the USA as well as the upcoming revision of MiFID in Europe, opinions about this relatively new class of market participants are being put forward at a staggering pace. But what are the facts we should take into account before we make opinions about how to regulate or consciously not regulate HFTs?

As exchanges were created, they adopted the technology of the time. Early on, the technology available was relatively primitive. The first stock exchange began in Amsterdam in 1603. And the earliest modern futures exchanges began in the 1860s. In those years, the human voice was the main mechanism for executing a trade. Pen and paper were the tools used to record trades. And chalk and chalk boards were the basic technology to display quotes.

The events of May 6, 2010 and the subsequent investigation, analysis, and reporting by the staffs of the Commodity Futures Trading Commission (“CFTC”) and the Securities and Exchange Commission (“SEC” and together with the CFTC, the “Commissions”) have highlighted many important policy and practice issues in today’s securities and futures market environment. In this Summary Report, the CFTC-SEC Joint Advisory Committee on Emerging Regulatory Issues focuses on recommendations targeted at the most important and pervasive issues affecting investors and the markets, rather than attempting to address all of the topics that have been raised in the course of our work.

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