On November 27 2013, the Santiago Stock Exchange celebrated its 120th anniversary, period in which it has consolidated as a referent in the capital market, both locally and regional, do to its permanent effort to respond suitably to the constant challenges and needs of the markets‘ participants, always thinking about the future.
IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced the successful completion of its previously announced acquisition of Singapore Mercantile Exchange (SMX), following regulatory approval by the Monetary Authority of Singapore (MAS).
“Market making is considered a new significant step towards promoting local markets particularly after the supportive legislative regulations have been issued. The conference will bring together local and regional industry leaders, stakeholders of listed companies, brokerage firms, local and international banks, fund managers, investment companies, custodians, in addition to high-profile governmental officials and members of academia.
The conference offers a uniquely developed program-content which focuses on theoretical, legal, as well as technical needs of market making. In addition, the conference sheds light on other tools and instruments needed for local markets to sustain the "emerging market" status and aspirations towards "developed market" status.”
NZX has agreed to sell its online news business NewsRoom to Sublime Group following a strategic review of options for the business.
Eurex Zürich AG, a subsidiary of Deutsche Börse AG, is becoming a minority shareholder of the Taiwanese futures exchange TAIFEX.
Deutsche Börse AG announced the purchase of a minority stake in Global Markets Exchange Group International LLP (“GMEX Group”). The company paid a single digit million GBP sum for the stake. GMEX Group is a London based exchange business focused on the launch of a suite of new products, including original Interest Rate Swap Futures contracts, derivatives indices and emerging markets exchange business partnerships enabled by multi-asset trading technology.
LCH.Clearnet, the multi-national clearing house group, announces that Suneel Bakhshi has been appointed as its new Group Chief Executive Officer. Subject to final regulatory approval, Suneel Bakhshi is expected to join the organisation in early 2014, at which point Jacques Aigrain, interim Executive Chairman will resume his position as Non-Executive Chairman of LCH.Clearnet Group, alongside his role as Non-Executive Director of London Stock Exchange Group (‘LSEG’).
IntercontinentalExchange (NYSE: ICE) provided the following update in regard to its acquisition of NYSE Euronext.
The Tokyo Stock Exchange Regulation hereby announce that Tokyo Stock Exchange Regulation will change its corporate name as follows.
- New corporate name: Japan Exchange Regulation
* It will be referred to as JPX Regulation or JPX-R.
- Date of change (planned): April 1, 2014
The Osaka Securities Exchange hereby announces that its exchange will change its trade name as follows.
- New trade name: Osaka Exchange, Inc.
- Date of change (planned): March 2014 (on the same day of the derivatives markets integration)
The HELEX Board of Directors approved the Draft Merger Agreement for the merger of HELEX with its 100% subsidiary, non-listed at Athens Exchange “Athens Exchange S.A.” (ATHEX), with a transformation balance sheet date of June 30th 2013, in accordance with the provisions of articles 68§2, 69-75 and 78 of codified law 2190/1920 as well as articles 1-5 of law 2166/1993.
The Stock Exchange of Thailand’s (SET) Board of Governors agreed to elect Sathit Limpongpan the exchange’s 15th chairman, with immediate effect.
The U.S. Securities and Exchange Commission has approved the acquisition of NYSE Euronext by IntercontinentalExchange.
Adel Saleh Al-Ghamdi began his work as Chief Executive Officer of the Saudi Stock Exchange (Tadawul) on Monday, 1 July 2013, succeeding Mr. Abdullah S. Alsuweilmy, who recently left his position. Tadawul’s board has expressed its sincere thanks and appreciation to Alsuweilmy for his achievement and contribution whilst also wishing Al-Ghamdi all the best in his new position.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the completion of its acquisition of the eSpeed platform, which operates a fully executable central limit order book for electronic trading in benchmark U.S. Treasuries, one of the largest and most liquid cash markets in the world. The eSpeed platform will be integrated into the NASDAQ OMX Transaction Services business to better serve dealers in the over-the-counter market and meet the growing demand for diverse instruments on an independent market. U.S. Treasury data products will be integrated into NASDAQ OMX Global Information Services, further enhancing NASDAQ OMX's rich data product offering.
Taiwan Stock Exchange (TWSE) announced the appointment of Michael Lin as President. He succeeds Samuel Hsu.
With a view to improving the Group’s organizational structure, in line with international industry practices and upcoming requirements resulting from the implementation of the EMIR Regulation and the European Committee’s Regulation concerning improvements in securities’ settlement within the European Union and the Central Securities Depositories – CSDs Directive, the Boards of Directors of Hellenic Exchanges Group companies “Hellenic Exchanges S.A. Holding, Clearing, Settlement and Registry”, “Athens Exchange S.A.”, “Thessaloniki Stock Exchange Centre S.A.” and the “Athens Exchange Clearing House S.A.” took the decisions relevant to the restructuring of the Group.
ASX Limited (ASX) announced that it is undertaking a fully underwritten 2 for 19 pro rata accelerated renounceable entitlement offer (with retail entitlements trading) of new ASX ordinary shares to raise gross proceeds of approximately $553 million at a price of $30.00 per share.
NYSE Euronext (NYX) announced the appointment of Eric Forest as Chairman and CEO of EnterNext, the marketplace for SMEs. He will join NYSE Euronext in a few weeks and is already present alongside Dominique Cerutti, NYSE Euronext President and Deputy CEO and Chairman of the Management Board of Euronext NV, for the first stages of the regional launch, in Marseille and Lyon.
The Nasdaq OMX Group, Inc. (NASDAQ: NDAQ) announced that Magnus Billing has been appointed President of NASDAQ OMX Stockholm.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the completion of its acquisition of Thomson Reuters Investor Relations, Public Relations and Multimedia Solutions businesses, which provide insight, analytics and communications solutions. These complementary businesses will be integrated with NASDAQ OMX's Global Technology Solutions business to create a differentiated client experience through a comprehensive portfolio of technology-driven solutions to more than 10,000 clients worldwide.
IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced the results of the special meeting of stockholders to approve ICE's acquisition of NYSE Euronext. ICE stockholders approved the agreement to acquire NYSE Euronext, with approximately 99.68% of the shares present at the special meeting voted for the approval of the combination, representing 85.05% of ICE's outstanding common shares. All other proposals passed with an average of 97% of the shares present at the special meeting voting for each of the governance-related proposals and the adjournment proposal.
NYSE Euronext (NYSE: NYX) announced that its shareholders have approved the acquisition of the Company by IntercontinentalExchange (NYSE: ICE), a combination that joins two of the world’s leading operators of markets and exchanges to create the premier global exchange operator.
ASX has entered into an agreement to acquire d-cyphaTrade Limited (“d-cypha”) from Transpower New Zealand Limited. Under the agreement, ASX will acquire 100% of the shares in d-cypha for an acquisition price of A$55 million.
At the general meeting of shareholders on 29 May 2013, Alexandre Zeller was elected the new Chairman of the Board of Directors of SIX. Alexandre Zeller has many years of management experience in national and international banking. He succeeds Prof. Peter Gomez, who after seven years as Chairman would like to once again devote himself more to publishing and academic projects.
The London Stock Exchange has agreed to acquire EuroTLX from Banca IMI and UniCredit for EUR40m according to sources close to the situation.
The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) announced that it has received the necessary regulatory approval for the completion of its acquisition of 25 percent of the Dutch cash equity and equity derivatives trading venue TOM, The Order Machine. The agreement also includes an option for NASDAQ OMX to acquire an additional 25.1 percent of the remaining shares to secure a majority stake in TOM.
BM&FBOVESPA S.A. shareholders elected a new Board of Directors for the company, in an Ordinary General Meeting. The new chairman will be Pedro Pullen Parente, who was already a member of the previous Board. He will be substituting Arminio Fraga Neto, whose second mandate that started in May 2011 has now drawn to a close.
International Securities Exchange Holdings, Inc. (ISE) announced ISE GeminiTM as the brand name of its new options exchange. The SEC published ISE’s Form 1 application for a second exchange license on March 7, 2013, and ISE Gemini is targeted for launch in Q2 2013, pending SEC approval.
On April 5, 2013, a bell ringing ceremony was organized at Borsa İstanbul’s headquarters in İstinye on the occasion of the launch of Borsa İstanbul, a prominent project of the Turkish financial world. Hosted by Borsa İstanbul Chairman & CEO İbrahim M. Turhan, the ceremony was attended by Prime Minister Recep Tayyip Erdoğan and other distinguished members of the government, private sector and international representatives.
TMX Group announced that it has completed the acquisition of the transfer agent and corporate trust services business from Equity Financial.
The BCBA and MERVAL join to create a New Market to be launched to public offering and listing
On 7 March 2013, LCH.Clearnet Group Limited ("LCH.Clearnet") and London Stock Exchange Group plc ("LSEG") announced a revised recommended cash offer by London Stock Exchange (C) Limited, a wholly owned subsidiary of LSEG, for a majority stake in LCH.Clearnet. On 26 March 2013, LCH.Clearnet and LSEG announced that the Acceptance Condition in respect of the Revised Offer had been satisfied and also that a seven business day extension period had been agreed between the parties to provide more time for remaining LCH.Clearnet Shareholders to participate in the Revised Offer. The Revised Offer is now closed to further acceptances.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced it has entered into an agreement with BGC Partners, Inc. to acquire the eSpeed platform for a purchase price of $750 million in cash plus certain contingent issuances of stock that approximate certain tax benefits to NASDAQ OMX. eSpeed operates a fully executable central limit order book for electronic trading in U.S. Treasuries, which will give NASDAQ OMX a strong entry point in the electronic fixed income business – one of the largest and most liquid cash markets in the world. The transaction is expected to be accretive to earnings within the first twelve months after closing, excluding transaction-related costs, and to generate attractive returns on capital.
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that the Supervisory Council of NASDAQ OMX Tallinn approved Rauno Klettenberg as the Chief Executive Officer (CEO) of NASDAQ OMX Tallinn.
Deutsche Börse AG has successfully placed a corporate bond on the market in an amount of EUR 600 million. The bonds are issued in the denomination of EUR 1,000 and have a term of five years and a coupon of 1.125 per cent. annually. The bond will be listed on the Luxembourg Stock Exchange. In addition, Deutsche Börse intends to apply for admission of the bond to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
TMX Group Limited announced that it has entered into an agreement with Equity Financial Holdings Inc. (Equity) to acquire its transfer agent and corporate trust services business. The acquisition marks TMX Group’s expansion into a highly- complementary business area with both immediate scale and significant opportunities for growth.
London Stock Exchange Group (LSEG) announced that it has acquired a 67% stake in GATElab, an Italian and UK based technology company supplying advanced trading and post trade services technology around the world.
The Exchange intends to cease operating New York Block Exchange (“NYBX”), effective February 28, 2013, and as such, proposes to contemporaneously delete the text of Rule 1600, which governs NYBX’s functionality.
- Capital market regulator SEBI gave “commencement certificate” for trading in new segments such as Equity, Futures and Options on Equity, Interest Rate Derivatives and Wholesale Debt Market to the exchange last month.
- Ministry of Corporate Affairs (MCA), Government of India granted the status of a “recognized stock exchange” to MCX-SX last month.
- 270 membership applications already registered by SEBI out of the 496 applications submitted by the exchange. Exchange expects to cross the 350 count shortly.
Oslo Børs ASA has received approval from the Swedish Financial Supervisory Authority (Finansinspectionen) to acquire all shares in Burgundy AB.
OJSC Moscow Exchange MICEX-‐RTS ("Moscow Exchange” or the “Company”) announces its intention to proceed with an initial public offering (the "Offering") of ordinary shares (the " Shares") with a view to being listed on Moscow Exchange’s own trading platform, CJSC MICEX Stock Exchange.
NYSE Euronext (NYX) announced that it has completed its resource transfer from Fixasia Technologies Inc., a leader in technology solutions and support services, to a newly created subsidiary, NYSE Philippines Inc. The new subsidiary will operate as a regional technology hub based in Manila. This enables NYSE Technologies to efficiently expand and rapidly diversify its Asia business while enhancing its 24x7 global support model and adding the unique expertise of the Fixasia team. Terms of the transfer were not disclosed.
The Chicago Board Options Exchange (CBOE) has unveiled a new branding initiative, which has been introduced company-wide, including across social media platforms, marketing and communications materials and its website. The brand makeover has also been incorporated into a major new advertising and integrated marketing campaign. New York-based agency of record Stein + Partners Brand Activation developed both the branding and the advertising with CBOE.
The Stock Exchange of Thailand (SET) announces an organization restructuring to boost its strength and competitiveness, reinforcing the Exchange’s commitment to match the right financial opportunities for investors and cope with competition on the regional and international stages, effective from January, 2013.
On December 17, 2012 the meeting of the Moscow Exchange Board of Directors took place.
The Board approved the essential conditions of the engagement Letter with the banks to organize the IPO for the Moscow Exchange.
Oslo Clearing is 100% owned by Oslo Børs VPS Holding ASA, and is authorized to act as a central counterparty in accordance with the Norwegian Securities Trading Act. Oslo Clearing currently carries out CCP clearing of financial directives and security lending products. SIX has agreed to acquire 100% of Oslo Clearing from Norway’s Oslo Børs at the price of approximately NOK 180 Millions (ca. CHF 30 Mio.), assuming freely available cash or book equity to amount to about NOK120 millions (ca. CHF 20 Mio.). The acquisition is subject to customary approvals and other conditions and is therefore expected to close in Q2 2014. Oslo Clearing will be part of Securities Services, the post trade division of SIX.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the inventor of the electronic exchange and the world's largest exchange company, announced that its Board of Directors has selected Börje E. Ekholm as Chairman.
London Stock Exchange Group Plc ("LSEG") and LCH.Clearnet Group Limited ("LCH.Clearnet") note the announcement by the Office of Fair Trading ("OFT"), stating that the proposed acquisition by LSEG of a majority stake in LCH.Clearnet has been cleared unconditionally.
CBOE Holdings (NASDAQ: CBOE) today announced that William J. Brodsky, Chairman and CEO, has advised the Board that he will step down as CEO effective following the 2013 Annual Meeting in May 2013. Following the annual meeting, it is anticipated that he will assume the role of Executive Chairman of the Board.
Shazad G Dada has been elected as the new Chairman of the Board of Pakistan Mercantile Exchange (PMEX). In its meeting held on December 5th, the Board unanimously elected Shazad G Dada as the new Chairman along with welcoming all the new directors to the Board of the Exchange. SECP has appointed Shazad Dada, Muhammad Hanif Jakhura and Syed Ali Sultan as independent directors to the Board of PMEX.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it has entered into an agreement with Thomson Reuters to acquire the Investor Relations, Public Relations and Multimedia Solutions businesses, which provide insight, analytics and communications solutions to more than 7,000 clients worldwide. Upon completion of the transaction, these complementary businesses will be integrated into NASDAQ OMX Corporate Solutions. The combination would create a global corporate services portfolio, with more diversified and comprehensive offerings to sell to NASDAQ OMX's listing and corporate clients. NASDAQ OMX expects the acquisition, once completed, to be accretive to earnings within the first 12 months, excluding transaction-related costs, and to generate attractive returns on capital.
The Chairman of the Namibian Stock Exchange, Sebby Kankondi on Thursday 25 October 2012 announced that the Board of the NSX has appointed Tiaan Bazuin as Chief Executive Officer with effect from 1 January 2013.
Oslo Børs has reached agreement with the shareholders of the fish and seafood derivatives exchange Fish Pool ASA to acquire approximately 71% of the shares in the company. The acquisition represents a further step in strengthening Oslo Børs’ commitment to the seafood sector in which it already has a world-leading position.
The Johannesburg Stock Exchange (JSE) celebrates 125 years of trading since it first opened its doors on 8 November 1887, a year after the gold rush in the Witwatersrand.
The exchange has come a long way since those early days. Ranked amongst the top 20 exchanges worldwide in terms of Equity Market capitalisation, the last 25 years have seen the JSE Group acquire the South African Futures and Bond Exchanges, bring innovative products to investors on all its markets and diversify its range of services.
CME Group, the world's leading and most diverse derivatives marketplace, and the Kansas City Board of Trade, the leading futures market for hard red winter (HRW) wheat, announced they have signed a definitive agreement under which CME Group will acquire the Kansas City Board of Trade (KCBT).
Tokyo Stock Exchange Group, Inc. and Osaka Securities Exchange Co., Ltd. hereby announce that they have determined a merger of the companies etc., pursuant to the resolutions adopted at the companies' respective Boards of Directors meetings held on 29 October, 2012.
Deutsche Börse AG made creditors of outstanding euro-denominated bonds an offer to repurchase these bonds. Bonds totalling €309 million were offered to the company during the offer period, which ran from 27 September 2012 to 5 October 2012.
The Board of Qatar Exchange (QE) has decided in the meeting held yesterday October 2nd 2012 to appoint Mr. Rashid Bin Ali Al-Mansoori as CEO of Qatar Exchange.
Deutsche Börse AG has successfully placed a corporate bond on the market in an amount of EUR 600 million. The bond is divided into units of EUR 1,000 and has a term of ten years and a coupon of 2.375 percent annually. It will be listed on the Frankfurt Stock Exchange's regulated market as well as on the Luxembourg Stock Exchange. Deutsche Börse AG also plans to list it in the new transparency segment, the Prime Standard for corporate bonds.
Hong Kong Exchanges and Clearing Limited (HKEx) has announced the issuance of an aggregate principal amount of US$500 million of convertible bonds (the Convertible Bonds). The size of the transaction was increased from US$400 million to US$500 million in light of exceptionally strong demand from global investors. The Convertible Bonds, which mature in 2017 and bear an annual coupon of 0.50%, are convertible in the circumstances set out in their Terms and Conditions into shares of HKEx at an initial Conversion Price of HK$160.00 per Share (subject to adjustments).
IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that it has acquired WhenTech, a market leading technology, software and information provider for option market participants. WhenTech's solutions include options valuation, analytics and risk management platforms.
CME Group announced it is in the process of applying to the United Kingdom's Financial Services Authority (FSA) to create a London-based derivatives exchange. Pending regulatory approval as a Recognized Investment Exchange, CME Europe Ltd will initially begin trading foreign exchange futures products and is expected to launch mid-2013.
- Reinforces LCH.Clearnet’s commitment to the U.S. marketplace and provides enhanced range and flexibility of clearing solutions
- Expands LCH.Clearnet’s horizontal clearing model and facilitates industry cross-margining initiative NASDAQ OMX receives newly-issued LCH.Clearnet ordinary shares as part of the transaction
- IDCG is renamed LCH.Clearnet (US) LLC
The Board of Directors of the Singapore Exchange (SGX) is pleased to announce the renewal of the service contract of its Chief Executive Officer (CEO) Mr Magnus Böcker, whose current term of service expires on 30 November 2012. The new contract extends the CEO’s term of service to 30 June 2015.
Mr. Rinsy Ansalam has been appointed as the MD & CEO of Global Board Of Trade Ltd. (GBOT), promoted by the Financial Technologies (India) Ltd. He will succeed Mr. Joseph Bosco, who has relinquished the post of MD & CEO due to personal health reasons. The clearance for the appointment of Mr. Ansalam as the new MD and CEO of GBOT has been granted by the Financial Services Commission (FSC) Mauritius, the integrated regulator for the financial services sector in Mauritius other than banking and global business.
NYSE Euronext (NYX) unveiled a new brand identity that underscores the company’s growing role in unlocking the potential of its global community. The new look was unveiled across its exchanges and other locations around the world as well as online.
NYSE Euronext (NYX) announced that NYSE Amex LLC, the self regulatory organization, will be renamed NYSE MKT LLC effective May 14, 2012, subject to SEC filing. NYSE MKT is the premier U.S. equities market for listing and trading of small growth companies. NYSE MKT’s associated options market will continue to do business under the name NYSE Amex Options.
The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) announced that it has agreed to acquire BWise, a global leader in enterprise governance, risk management and compliance (GRC) software. BWise’s premium GRC platform will be available through NASDAQ OMX Corporate Solutions, a NASDAQ OMX software technology business dedicated to helping public and private companies minimize risk, maximize efficiency and increase transparency with a suite of governance, investor relations and public relations products.
BOX Options Exchange announces it has received SEC approval of its application for registration as a national securities exchange and thus, act as its own selfregulatory organization (SRO). BOX expects to start using its own exchange license in mid-May. Being an SRO eliminates the need for BOX to rely on Nasdaq OMX Group Inc., which has been conducting the regulatory oversight of its options market.
NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced the acquisition of the Norwegian based NOS Clearing ASA, a clearing house primarily for tanker and dry cargo freight, seafood derivatives and electricity certificates.
Following the Government’s re-appointment of Ronald Arculli, the appointment of Chow Chung Kong and Timothy Freshwater, and shareholders’ re-election of Ignatius Chan and John Williamson as Directors of Hong Kong Exchanges and Clearing Limited (HKEx), the HKEx Board of today (Tuesday) appointed Chow Chung Kong as the Chairman of HKEx.
As of 23 April 2012, all business areas off SIX Group will operate under the single brand SIX. This move is intended to increase transparency and strengthen SIX’s market presence. Furthermore, SIX publishes its Annual Report 2011.
Following the annual general meeting of the Luxembourg Stock Exchange held on 18 April 2012, the board of directors elected Jean-Claude Finck, chairman of the executive committee of Banque et Caisse d’Epargne de l’Etat, as its vice-chairman.
During the same meeting, the Board of Directors appointed Robert Scharfe as President & CEO of the company.
The Egyptian Exchange (EGX) has opened its new administrative headquarter in Smart Village, a business zone on the western edge of Cairo.
The ASX Board has elected Mr Roderic (Rick) Holliday-Smith to succeed Mr David Gonski as Chairman of Directors. Mr Gonski is resigning as a director of ASX effective 29 March 2012 and will take up his appointment as Chair of the Future Fund Board of Guardians on 3 April 2012.
Singapore Exchange (SGX) announced a new organisation structure to reinforce its positioning as the Asian Gateway and better leverage growth opportunities in the region.
Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the Government's appointment of Mr Chow Chung-kong and Mr Tim Freshwater and
"I look forward to serving on the Board and working with other Directors and management to ensure HKEx meets its obligations to the public and delivers value to its shareholders" said Mr Chow.
Hector Sants, chief executive (CEO) of the Financial Services Authority (FSA), has announced his intention to leave the organisation at the end of June 2012, having completed the fundamental design and delivery of the changes needed to achieve the Government’s plan to separate prudential and conduct financial regulation in the UK.
NYSE Liffe announced that Alan Whiting will succeed Hugh Freedberg as the new non-executive Chairman of the company.
London Stock Exchange Group plc ("LSEG" or the "Company") announces that at the General Meeting of the Company held relating to the proposed acquisition of a majority stake in LCH.Clearnet Group Limited ("LCH.Clearnet") (the "Transaction") which was announced on 9 March 2012, the resolution to approve the Transaction and to authorise the directors of the Company to take all necessary steps to implement the Transaction was duly passed by LSEG shareholders on a poll.
CME Group, the world's leading and most diverse derivatives marketplace, announced that it has acquired a 100% equity interest in GreenX Holdings LLC (GreenX Holdings), the parent company of Green Exchange LLC (GreenX), and is now the sole owner of the company. CME Group will migrate GreenX contracts and open interest to CME Group’s portfolio of products, and will work with market participants to ensure that trading and clearing of existing contracts on CME Globex and CME ClearPort continues with minimal impact. Customers that currently have open interest on GreenX will continue to be subject to the GreenX rulebook until the contracts and open interest are transitioned to a CME Group CFTC designated contract market.
Ahmad Aweidah, Chief Executive Officer of the Palestine Exchange announced the listing and trading date of the PSE on the fourth of April 2012. The listing ceremony will be held in Ramallah on the fifteenth trading anniversary of the Palestine Exchange. The PSE listing is the first in 2012; the number of listed companies will rise to 47 with a market capitalization of about 2.9 billion USD.
The Board of Directors of CME Group, the world's leading and most diverse derivatives marketplace, announced that Craig Donohue, the company's Chief Executive Officer since 2004, has informed them he will step down when his contract expires in December 2012. As part of the company's succession plan, the Board has appointed Terrence Duffy, who is currently Executive Chairman, to the expanded role of Executive Chairman and President and current President Phupinder Gill to Chief Executive Officer when Donohue's contract expires. Additionally, the Board extended Duffy's and Gill's contract agreements. Donohue, Duffy and Gill, who have worked together in the Office of the CEO for the last eight years, will work together over the next several months, to effectuate an orderly leadership transition.
The Board of Directors of Abu Dhabi Securities Exchange announced the appointment of Mr. Rashed Al Baloushi as the Chief Executive Officer. Mr. Al Baloushi is an experienced finance professional and is widely seen as an industry trendsetter.
The EBRD and the Russian Direct Investment Fund (RDIF) have agreed to acquire 6.29 percent and 1.25 percent stakes respectively in Russia’s MICEX-RTS stock exchange. The investment is part of a long-term strategy to promote the development of local capital markets in Russia and broaden the regional and international appeal of this recently unified exchange.
Birgit Kuras is the new Member of the Management Board of Wiener Börse AG. This announcement was made by the Supervisory Board after it reached its unanimous decision at today’s extraordinary meeting. Birgit Kuras and Michael Buhl will jointly run the business of Wiener Börse AG starting as of 1 March 2012. Birgit Kuras succeeds Heinrich Schaller who has switched to the position of CEO of Raiffeisenlandesbank Oberösterreich.
NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced the completion of its acquisition of the Central Securities Depository of Lithuania (CSDL), whereby NASDAQ OMX Helsinki Oy purchased the remaining 60 percent of the shares of the CSDL from the Bank of Lithuania.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the appointment of Arminta Saladžienė as Head of the NASDAQ OMX Baltic Market, effective from January 1, 2012. NASDAQ OMX Baltic market consists of the stock exchanges in Tallinn, Riga and Vilnius.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced it has acquired the business of RapiData LLC, a leading provider of machine-readable economic news to trading firms and financial institutions. With this acquisition, NASDAQ OMX will deliver U.S. government and other economic news directly from the source to customers interested in receiving information in an electronic feed.
TMX Group Inc. (TMX Group) and Bermuda Stock Exchange (BSX) announced that TMX Group has purchased a 16% minority stake in the BSX. TMX Group is now one of the largest shareholders of the BSX, and Tom Kloet, CEO, TMX Group, will be joining the BSX board of directors.
The Rosario Futures Market (ROFEX) and Rosario stock exchange (MervaRos) have made an agreement to establish a market offering the most diversified product range in the country.
London Stock Exchange Group plc ("LSEG") confirms that it has completed the acquisition of the 50 per cent stake in FTSE International Limited ("FTSE") that it does not already own, from Pearson plc, on the terms announced on 12 December.
1. Starting from the evening session on December 16, 2011 CJSC MICEX Stock Exchange will act as the organizer of trading on "Standard" section of the securities market.
2. New version of the Trading Rules of CJSC MICEX Stock Exchange will come into force from the start of trading on December 19, 2011 (in fact from 7.10 pm on December 16, 2011).
3. As of 16 December a new version of the tariffs of CJSC MICEX SE with regard to the commission for the section "Standard" takes effect.
CBOE Holdings, Inc. (Nasdaq: CBOE) announced its investment,through an affiliate, in the Intellectual Property Exchange International (IPXI), the first financial exchange focused on intellectual property. In addition, CBOE Executive Vice President Richard DuFour was named to IPXI’s board of directors.
TMX Group Inc. announced the opening of a representative office of its indirect wholly owned subsidiaries, Toronto Stock Exchange and TSX Venture Exchange, in Beijing, China. The Honourable Jim Flaherty P.C., M.P. Minister of Finance participated in the office's opening ceremonies in Beijing.
The Extraordinary General Meeting of Shareholders, held on 8 December, approved the new version of the MICEX’s Corporate Charter, providing for, in particular, changing the name of the MICEX and transforming the MICEX from a Close Joint-Stock Company into an Open Joint-Stock Company, which is a necessary measure for the company to make its IPO.
NYSE Liffe, the global derivatives business of NYSE Euronext (NYX), announced that it is opening an office in Hong Kong on 1 December 2011. NYSE Technologies already has an office in Hong Kong; and with NYSE Liffe offices in Singapore, Tokyo and now Hong Kong, the Exchange will further develop its derivatives business in the region.
TMX Group Inc. (TMX Group) (TSX:X) and Razor Risk Technologies Limited (Razor) (ASX:RZR) announced that they have entered into a Takeover Bid Implementation Agreement (Implementation Agreement) under which TMX Group, or its affiliate, will make a takeover bid for all of the issued shares in Razor.
The Dubai Financial Market (DFM) launched its new corporate identity to reflect the strategic direction and growth of DFM going forward and prepare DFM for a new era of sustainable growth. As one of the fastest growing exchanges in the MENA region over the last decade, the evolutionary corporate identity has been inspired by DFM’s drive to maintain its leading position and proactively respond to the mounting challenges in business.
The third annual Bermuda briefing session in downtown Toronto this week could not have been timed more perfectly. Each year, a high-level delegation travels to Toronto in a bid to build on the already strong ties between the two financial jurisdictions to mutual business development benefit. This year, the meeting was sponsored by Business Bermuda and the Bermuda Stock Exchange (BSX), and was hosted by law firm Bennett Jones in their impressive meeting space with panoramic views of the downtown core and Lake Ontario.
TMX Group Inc. and Maple Group Acquisition Corporation (Maple), announced that they have entered into a support agreement in respect of Maple’s proposed acquisition of all of the outstanding TMX Group shares pursuant to an integrated two-step transaction valued at approximately $3.8 billion.
NYSE Euronext (NYX) announced plans to repurchase up to $100 million in NYSE Euronext common stock at the discretion of management in open market or privately negotiated transactions or otherwise, subject to applicable United States and European laws, regulations and approvals, strategic considerations, market conditions and other factors. In conjunction with NYSE Euronext's announced plan, Deutsche Boerse has also announced a buy-back plan of around EUR 100 million. NYSE Euronext and Deutsche Boerse have agreed to coordinate their respective share buyback programs in order to preserve the ownership percentages of 40% and 60% to be held by former NYSE Euronext and Deutsche Boerse shareholders, respectively, in the combined company following the pending business combination.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that it has agreed to acquire Glide Technologies Limited, a leading London-based software-as-a-service (SaaS) provider specializing in corporate communications and reputation management solutions. Glide Technologies will be integrated into NASDAQ OMX's Corporate Solutions to create the first and only fully-integrated workflow solution for investor relations and public relations professionals.
London Stock Exchange Group plc announced that it has completed the acquisition of Transaction Reporting Service (TRS), the FSA’s Approved Reporting Mechanism (ARM).
The Securities and Markets Stakeholder Group (SMSG) of ESMA elected Guillaume Prache as its first chair. Guillaume, Managing Director of the Federation of European Investors (“EuroInvestors”), will chair ESMA’s SMSG for two years. He is supported by two vice-chairs, also elected yesterday: Judith Hardt, Secretary General of the Federation of European Securities Exchanges (FESE), and Peter de Proft, Director General of the European Fund and Asset Management Association (EFAMA).
Hong Kong Exchanges and Clearing Limited (HKEx) and the Guangxi Zhuang Autonomous Region’s Financial Affairs Office today (Wednesday) signed a Memorandum of Understanding (MOU) on cooperation and the exchange of information.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that its Board of Directors has approved a share repurchase program, authorizing NASDAQ OMX to repurchase in the aggregate up to $300 million of its outstanding common stock. Purchases by NASDAQ OMX under this program may be made from time to time at prevailing market prices in open market purchases, privately-negotiated transactions, block purchase techniques or otherwise, as determined by NASDAQ OMX's management. The purchases will be funded from existing cash balances.
ASX Limited announces that Mr Elmer Funke Kupper has taken up the role of Managing Director and CEO effective 6 October 2011.
NYSE Euronext (NYSE) and The Receivables Exchange (TRE), the leading online marketplace for U.S. receivables sales, announced the launch of a joint strategic initiative to market TRE's Corporate Receivables Program (CRP) to potential sellers, including New York Stock Exchange listed companies. Under terms of the arrangement, the NYSE has acquired a minority ownership position in TRE. Terms of the investment were not disclosed.
The merger of the MICEX and the RTS has been approved by the Federal Antimonopoly Service of the Russian Federation.
IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that its Board of Directors has authorized a new share repurchase plan for the company's common stock in the amount of $300 million.
NYSE Euronext (NYX) announced the completion of its acquisition of Metabit, a leading Tokyo-based provider of high performance market access products with a trading community of more than 140 trading firms throughout Japan and Asia. As announced previously on Aug. 1, 2011, Metabit will operate as a product line within the NYSE Technologies portfolio further enhancing service to the Asia-Pacific region. Terms of the acquisition were not disclosed.
The Committee on Foreign Investment in the United States (CFIUS) has completed its review of the Deutsche Börse and NYSE Euronext combination without objection to the transaction going forward. CFIUS is an inter-agency committee of the US government to regulate foreign investment in the US. With this approval, the companies have cleared another important regulatory hurdle.
NYSE Euronext (NYX) announced today it has entered into a definitive agreement to acquire Metabit, a leading Tokyo-based provider of high performance market access products throughout Japan and Asia. Metabit will operate as a product line within the NYSE Technologies portfolio. The transaction is expected to close in third quarter of 2011. Terms of the acquisition were not disclosed.
The financial crisis has created an exceptional circumstance in which to evaluate the quality of corporate online communications. As companies have been affected across the board, this has presented an opportunity to make a comparison between their online communication methods. We took the occasion to survey 51 of the world’s largest financial institutions and evaluate their online responses in October 2008 as significant events were unfolding.
In the regular round up of sector forecasts that industry magazines like to gather for the last issue of the year, Canada’s Marketing Magazine cornered a number of senior brand and advertising executives and asked them what the emphasis for brand marketing will be in 2009. An industry leader in Canada, Jack Bensimon of Bensimon Byrne characteristically led the pack of “experts” when he observed that “brands are increasingly sensitive to social, political and regulatory issues.” I doubt that there is anyone working in the Exchange Industry anywhere in the world today who wouldn’t agree with Mr. Bensimon.