Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

News Centre

  • HKEx, SHSE And SZSE Establish JV For New Products And Services

    Date 26/09/2012

    The nine-member board of China Exchanges Services Company Limited (CESC), a new joint venture (JV) of Hong Kong Exchanges and Clearing Limited (HKEx), Shanghai Stock Exchange (SHSE) and Shenzhen Stock Exchange (SZSE) for the development of financial products and related services, had its inaugural meeting today in Hong Kong, approximately three months after the exchanges announced plans for the JV.

  • Bursa Malaysia Introduces Rule To Facilitate Exchange Traded Bonds And Sukuks

    Date 26/09/2012

    Bursa Malaysia today introduced the rules to facilitate Exchange Traded Bonds and Sukuks (ETBS) to be listed, and traded on Bursa Securities. This marks the first step towards providing wider access for this asset class to Bursa Malaysia’s investors.

  • Hong Kong's Securities And Futures Commission Obtains $10.7 Million Compensation Order Against Former CEO Of China Asean Resources

    Date 26/09/2012

    The Court of First Instance today ordered Mr Li Wo Hing , the former chief executive officer of Medical China Limited, now known as China Asean Resources Limited (China Asean Resources), to pay $10.7 million in compensation to the company resulting from his misconduct.

  • ICAP Plc Trading Statement

    Date 26/09/2012

    ICAP plc (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services, announces its trading update ahead of the close period for the half year ending 30 September 2012.

  • London Stock Exchange Group Plc Pre-Close Period Update For The Five Months Ended 31 August 2012

    Date 26/09/2012

    Highlights:

    • Positive performance, with good revenue growth, from the diversified Group in difficult market conditions
    • Success of Group’s equity markets continued with further raising of new capital to support businesses, though new issue levels and trading remained subdued, reflecting quiet market conditions (and compared with the strong prior year):
      • 49 new issues across Group markets (FY 2012: 91), AIM performing particularly well
      • Average daily UK equity value of £4.0bn (FY 2012: £5.0bn); and
      • Italian average daily volumes of 226,000 trades (FY 2012: 270,000
    • Share of trading in the total UK equity order book increased 1.5 per cent to 64.4 per cent; share of equity trading in Italy increased 2.4 per cent to 85.7 per cent
    • In fixed income, trading on MOT increased 24 per cent and the UK ORB market saw a number of successful bond issues; MTS money markets were flat on last year and MTS cash markets were 18 per cent lower, reflecting difficult markets
    • Clearing volumes reduced in line with trading levels although the level of initial margin held increased 23 per cent to an average €10.3bn; net treasury income remained strong though, as previously indicated, is expected to reduce over time
    • Assets under management in the Monte Titoli custody business rose 4 per cent; settlement instructions reduced 25 per cent
    • In Information Services, FTSE and other Information businesses continued to perform well; in real time data, terminals taking Borsa Italiana data increased 3 per cent while users of UK data were 7 per cent down year on year
    • Notable developments in the period included the successful launch of MillenniumIT trading systems at Borsa Italiana, the Johannesburg Stock Exchange and the Mongolian Stock Exchange, with all systems continuing to operate well
    • The Group also announced the launch of its ‘International Board’ in an agreement with Singapore Stock Exchange to allow the largest stocks on each exchange to be traded by their respective member firms; and MTS, in conjunction with other partners, confirmed the launch of a daily repo index series for the euro
    • During the period the Group received an additional, non-recurring, payment of C$29 million from TMX Group in respect of last year's terminated merger transaction
    • Regulatory and anti-trust processes are continuing in respect of the shareholder approved acquisition of an up to 60 per cent stake in LCH.Clearnet. The competition authority in Spain has given clearance while authorities in the UK and Portugal continue to review the proposed transaction; it is targeted that all necessary outstanding clearances and approvals will be received during Q4 2012
    • Proposals for the regulatory requirements for CCPs under EMIR are expected to be released by EBA and ESMA in the coming days. We plan to update the market on their likely implications for the Group following their release