News Centre

Date 02/03/2004

Standard & Poor's And CITICS Announce Official Rollout Of New Index Series For China's A-Share Market - Harvest Fund Management Becomes First Licensee Of S&P/CITIC 50 Index

Following the December announcement to co-develop a new index series for China's A-share market, Standard & Poor's, the leading global provider of independent investment research, indices and ratings, and CITIC Securities (CITICS), one of China's leading financial and investment services companies, announced today the official launch of the new S&P/CITIC 50 index and S&P/CITIC 300 index. The methodology and constituent list have been released on

SEC Charges Scott D. Sullivan, Worldcom's Former Chief Financial Officer, With Engaging In Multi-Billion Dollar Financial Fraud - Sullivan Consents To Anti-Fraud Injunction, Permanent Bar From Serving As An Officer And Director Of A Public Company, And Pe

The Securities and Exchange Commission today filed a civil enforcement action against Scott D. Sullivan, the former Chief Financial Officer of WorldCom, Inc. The Commission charged Sullivan with engaging in a fraudulent scheme to conceal WorldCom's poor financial performance. The Commission alleged that Sullivan, with the consent and knowledge of WorldCom's former Chief Executive Officer, caused numerous improper adjustments and entries in WorldCom's books and records, often in the hundreds of m

Date 02/03/2004

RTS Stock Exchange: Order-Driven Market February 2004 Market Data

For the period of February 1st - February 27th, 2004, total trading volume of direct and indirect transactions (including REPO transactions) jumped by 89% and reached 55 billion rubles. Internet trading accounted for 30% of total trading volume in rubles, up 3% from 30% in January. 55 522 transactions were executed, 42% more than in December.

Date 02/03/2004

RTS Stock Exchange: Classic Market: February 2004 Market Data

In February 2004, total trading volume on Classic Market increased by 2% and reached 448 million US dollars. Shares traded on the Classic market 3 962 times, compared with 3 962 times in January.

Date 02/03/2004

RTS Stock Exchange Money: February 2004 Market Data

In February 2004 total trading volume on the RTS Money, the FOREX market of the RTS Stock Exchange, increased by 66,9% compared to January, and by 128,4% compared to the last three months of December 2003, and reached 929.2 million US dollars.

Date 02/03/2004

Richard G. Ketchum To Assume Role As NYSE Chief Regulator Effective March 8

Richard G. Ketchum will start his duties as chief regulatory officer of the New York Stock Exchange on March 8. When he was named to the new post by the Exchange's board of directors on Jan. 8, the NYSE announced that he would start in June, because of a non-compete clause in his contract with Nasdaq, a previous employer, but Nasdaq has agreed to waive the clause.

Date 02/03/2004

Parmalat Crash: Italian Listed Companies Have Lost Credibility- Italian And European Market Operators And Financial Press: Relate Parmalat Crash With Low Quality Financial Communication - To Regain Lost Credibility Italian Listed Companies Must Improve I

Italian listed companies will pay for Parmalat crash with a decreased credibility by market operators and financial and economic press. It emerges from a survey carried out by B2 Comunicazione, Institutional PR agency, and Qualicenter, research institute, on the perception of the Parmalat crash and its impact on the credibility of the Italian listed companies. A questionnaire under the C.A.W.I. (Computer Aided WEB Interview) mode, with a single dispatch was sent to 530 people, incl

Date 02/03/2004

Oslo Børs: Milestone For The Derivatives Market

Oslo Børs saw trading in the derivatives market exceed a daily average of 30,000 contracts for the first full month ever in February. Average daily volume for the month was 31,700 contracts.

Date 02/03/2004

Online HKEx Fact Book 2003 Now Available

Hong Kong Exchanges and Clearing Limited (HKEx) has published its HKEx Fact Book 2003, which presents a comprehensive picture of the performance of the securities and derivatives markets in 2003, including statistics on the markets and the clearing houses, and information on listed company activity. This year, the new content includes the performance of the S&P/HKEx LargeCap Index and the S&P/HKEx GEM Index, and fund-raising figures for H-share and red-chip companies.

Date 02/03/2004

NYSE In The News, February 26, 2004: USA Today, Letter To The Editor From Individual Investor Advisory Committee Chairman, Kurt Stocker: Trading-Rule Change Cheats Investor

To the editor: Individual investors deserve to get the best price when he or she…or the institutions representing them…invest their hard earned funds in the stock market. The Securities and Exchange Commission is considering proposals to give-up investors' right to the best price. As one who represents individual investors, it is wrong for market professionals and executives of the institutions that are promoting this proposal to break their trust with their own customers, in an effort to in