Exchanges
TSE signs deal with NYSE
The Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) have signed a letter of intent establishing a strategic agreement between the world’s two largest exchanges.
Deutsche Börse to co-operate with Korea Exchange on derivatives
Frankfurt-based Deutsche Börse Group, which owns 50% of Eurex, has signed a memorandum of understanding with the Korea Exchange.
CBOE prepares for demutualisation
The Chicago Board Options Exchange has moved to demutualise the option exchange this year.
Nasdaq extends bid for LSE
The New York Nasdaq exchange has extended the deadline for London Stock Exchange shareholders to accept its takeover offer, but has refused to raise its bid.
TSE close to deal with NYSE
The Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) are hoping to finalise a tie-up by the end of this month.
LSE rebuffs latest approach from Nasdaq
The London Stock Exchange (LSE) and the New York Nasdaq exchange traded blows on Tuesday, as the management of the LSE turned down Nasdaq's takeover offer.
Nymex buys stake in Optionable to expand options trading
The New York Mercantile Exchange (Nymex) has announced it will buy a 19% stake in Optionable, a New York-based provider of natural gas and other energy options.
MEFF extends derivatives contracts to IBEX 35
The Spanish futures and options exchange Mercado Español de Futuros Financieros (MEFF) this week extended its coverage to trade derivatives contracts on all the underlying shares in the IBEX 35, the index of Spain’s 35 most liquid stocks.
KRX trading systems to merge
The Seoul-based Korea Exchange (KRX) will integrate its futures and options trading systems from June this year, the Korean Financial Supervisory Commission said.
Ice expects to launch Nybot commodities by end of month
The Atlanta-based Intercontinental Exchange (Ice) has announced the New York Board of Trade’s (Nybot) main soft commodities contracts may launch electronically later this month.
LME to add new ferrous contracts and expand OTC clearing
The London Metals Exchange (LME) plans to launch futures in ferrous metals and offer over-the-counter (OTC) clearing this year, as part of a plan to attract new business.
NYSE-Euronext wins landslide shareholder approval
In a ballot held at a special meeting today, participating NYSE Group shareholders cast 99.7% of votes in favour of a merger with Euronext.
98% of Euronext shareholders approve NYSE deal
At an extraordinary general meeting in Amsterdam, participating Euronext shareholders cast 70.3 million votes - 98% of the total - in favour of the exchange's planned merger with NYSE Group.
CME to list electronic FX options on Monday
The Chicago Mercantile Exchange plans to offer nine American-style foreign exchange options for trading on its Globex electronic trading platform from Monday, December 18.
Singapore Exchange to license Topix indexes
The Tokyo Stock Exchange (TSE) has agreed to license Topix-related indexes to the Singapore Stock Exchange (SGX) to create derivatives and exchange-traded fund products.
Hong Kong exchange re-appoints chief, sets out strategic plan
Hong Kong Exchanges and Clearing (HKEx) today renewed Paul Chow’s contract as chief executive for a further two-year term from May 1, 2007 to April 30, 2009. The move follows the exchange’s announcement last Thursday (December 7) of its strategic plan…
US options volume may break two billion in 2006
The Chicago-based Options Industry Council (OIC) has reported both total US options volume and average daily US options volume have increased by 36%.
Montréal Exchange listing without offering in 2007
The Montréal Exchange has announced it will list its shares without an offering in March or April next year.
Kroes warns exchanges not to hamper post-Mifid platform
The European Union’s antitrust regulator yesterday warned stock exchanges that they must not prevent new trading platforms from emerging under the Markets in Financial Instruments Directive (Mifid).
Algo trading to double, says Eurex
"The rise in activity of algorithmic traders is impressive, and it’s changing the nature of electronic trading,” said Andreas Preuss, chief executive of Eurex, a Frankfurt-based futures and options exchange that is jointly operated by Deutsche Börse and…
Emirates joins jet fuel futures working group
Dubai-based airline Emirates has joined the working group set up by the Dubai Mercantile Exchange (DME) and ENOC Supply & Trading to explore the development of the first physically delivered jet fuel futures contract.
Hefes nominated to equalise Euronext board
French financier Sylvain Hefes has been nominated by Euronext to the future board of NYSE Euronext, to equalise the number of American and European directors.
Second time unlucky for Nasdaq as London Stock Exchange rejects bid
The London Stock Exchange (LSE) has rejected an offer from New York-based stock exchange Nasdaq to buy the company for 1,243 pence a share in cash, on the grounds that the bid “substantially undervalues” the company.
Deutsche Börse pulls out of Euronext bid
German stock exchange operator Deutsche Börse has abandoned its effort to acquire pan-European derivatives exchange Euronext, clearing the path for the New York Stock Exchange (NYSE).