News Centre

CBOT Increases Agricultural Daily Price Limits To Enhance Market Opportunity And Increase Efficiency

Date 17/05/2000

The Chicago Board of Trade announced today that it plans to increase CBOT price limits - which is the maximum daily price change - for its agricultural futures and options contacts. The new limits will be implemented in conjunction with the launch of the CBOT-Eurex Alliance electronic trading platform later this year, pending approval by the Commodity Futures Trading Commission.
The Stock Exchange Of Hong Kong Hands Over Responsibility For The Securities Industry Examinations To The Hong Kong Securities Institute

Date 16/05/2000

The Stock Exchange of Hong Kong has handed over responsibility for the Securities Industry Examinations to the Hong Kong Securities Institute.
TechWIG - A New Index Of The Warsaw Stock Exchange

Date 16/05/2000

On May 19, 2000, the Warsaw Stock Exchange launches a new index called TechWIG. This follows the recent launch of SiTech - the new technology market segment on the Warsaw Stock Exchange in April.
SEC, CFTC, And Monetary Authority Of Singapore Sign Memorandum Of Understanding

Date 16/05/2000

The United States Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Monetary Authority of Singapore (MAS) jointly announced the signing today of a Memorandum of Understanding (MOU) concerning consultation, cooperation and the exchange of information. The MOU establishes a framework for information sharing, thereby facilitating cooperation in cross-border investigations of potential violations of securities and futures laws. Recent Singapore legis
Osaka Mercantile Exchange RSS3 Futures And Rubber Index Futures Weekly Report

Date 16/05/2000

On May 8, OME RSS3 futures opened unchanged from the previous close with current and distant contracts at 70.50 yen and 82.00 yen respectively as players stayed on the sidelines in the absence of market-moving factors. Later, the yen turned lower on the anticipated hike in the U.S. interest rate. However, there were some bearish factors, such as the unexpected increase in the domestic rubber stocks by 555 tonnes from April 20 to 49,372 tonnes as of April 30, the suspension of the meeting betwee
Osaka Mercantile Exchange Aluminium Futures Weekly Report

Date 16/05/2000

At the beginning of the week, on May 8, carrying over the strong sentiment that prevailed before the Golden week, OME Aluminium futures opened marginally higher on light short-covering due to the yen's fall to the 109 yen level against the dollar. Distant month rose to 165.0 yen, up 0.5 from the previous close of May 2. The prices, however, turned lower on long-liquidation as Tokyo stock prices had recorded a new low at 16,882.46 yen of this year. Furthermore, on May 11, LME three-month Alumini
NYMEX To Increase Margins On Its Eastern Electricity Futures Contracts

Date 16/05/2000

The New York Mercantile Exchange will raise the margins on the June, July, and August 2000 contracts for Cinergy, Entergy, and Pennsylvania/New Jersey/Maryland electricity futures contracts to $5,600 from $3,600 for clearing members; to $6,160 from $3,960 for members; and to $7,560 from $4,860 for customers, as of the close of business today.
Nasdaq Nears Completion Of The First Phase Of Its Private Placement - Over 2800 Investors Participate - Over $330 Million Raised - Phase I Expected To Close In June

Date 16/05/2000

The National Association of Securities Dealers, Inc. (NASD®), and The Nasdaq Stock Market, Inc. announced today that they have formally accepted 2805 subscriptions in connection with the first phase of the Nasdaq private placement. Since the close of the subscription period on April 28, 2000, the Transfer Agent hired for the transaction has been completing the verification process for all investments, leading to the NASD and Nasdaq® officially accepting the investments at the end of last week.
JET API JSE Member Firms join the system

Date 16/05/2000

The Johannesburg Stock Exchange (JSE) confirms that nine of its member firms have converted today to the JET API (Johannesburg Equities Trading Application Programme Interface) system. This is the first group of members to join the system since it went live on Monday, 8 May 2000. Another six members are expected to convert by 29 May 2000.
International Securities Exchange Elects William A. Porter As Chairman And Ivers W. Riley As Vice Chairman - ISE Selects Additional Non-Industry Directors And Approves Board Assignments

Date 16/05/2000

The International Securities Exchange ("ISE") held its first board meeting last week and in its first course of action, unanimously approved William A. Porter, a co-founder of the ISE, to become the Exchange's first Chairman. In addition, Ivers W. Riley was elected Vice Chairman.