News Centre

Tradepoint Millennium Weekend Status

Date 30/12/1999

The Tradepoint Stock Exchange's Millennium Weekend programme is progressing on schedule and the market will be open for business at 08:00 on Tuesday 4th January 2000.
The Toronto Stock Exchange New Years Trading Hours

Date 30/12/1999

The Toronto Stock Exchange will be closing trading at 1:00pm on December 31, 1999. This special arrangement will allow securities firms to get an early start on processing year-end transactions. The TSE will also be closed Monday, January 3, 200 in lieu of January 1 2000 (New Years Day).
The Stock Exchange Of Hong Kong Is Fully Prepared For The Y2K Rollover

Date 30/12/1999

The Stock Exchange of Hong Kong is fully prepared for the Y2K rollover. Rectification of the Exchange's securities and options trading systems, information services system, and other internal systems have been completed as early as mid-1999. A comprehensive Y2K contingency plan is in place and tested. The Exchange has also established co-ordination with other market operators, regulators and business partners to manage any possible Y2K problems.
The January Effect Appears To Be Occurring As The Year Ends At The KCBT

Date 30/12/1999

The market phenomenon dubbed the January Effect appears to be occurring at the Kansas City Board of Trade. In recent weeks the Value Line® contracts have been outperforming most other financial indexes on a fairly consistent basis. This held true yesterday as the Value Line contracts outperformed most of the other financial indexes. Investors have been buying the Mini Value Line futures contract and selling other stock index futures contracts, particularly the S&P. Yesterday this led to a big sp
Record Trading Year For London's Equity Markets

Date 30/12/1999

The London Stock Exchange saw record volumes traded on its international and domestic markets during 1999 - with international business up 10.1 per cent by value and domestic business up 36 per cent.
Program Trading Averaged 15.5 Percent Of NYSE Volume During Dec. 20-23

Date 30/12/1999

The New York Stock Exchange today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Dec. 20-23. The data indicated that during Dec. 20-23, program trading amounted to 15.5 percent of NYSE average daily volume of 861.5 million shares, or 133.8 million shares a day.
MAS News Release On Collective Custodial's Offer For CLOB Securities

Date 30/12/1999

MAS, as the regulatory authority under the Securities Industry Act (Cap.289), has noted Collective Custodial Services (Asia) Pte Ltd's ("Collective") proposals for migration and disposal of Clob securities as reported in the Straits Times and other local media on 28 December 1999.
Euro FX Posts Strongest Start Of Any Currency Futures At The Chicago Mercantile Exchange

Date 30/12/1999

With nearly 3 million contracts already traded and two trading sessions still left in the year, the Chicago Mercantile Exchange's EuroFX currency futures contract has entered the record books as the strongest first-year start for any currency futures contract.
Eurex Sets New World Record In Trading Volume For The Year 1999 - Over 379 Million Contracts Traded In 1999 - Bund Future Is Highest-Volume Product With 144 Million Contracts Traded

Date 30/12/1999

The derivatives exchange Eurex reports a new world record in trading volume for the year 1999. According to preliminary figures, which comprise an estimate for the last exchange-trading day, 379 million contracts were traded this year as compared with 248 million contracts last year. This corresponds to an increase of about 53 percent in trading volume. Eurex closes out the year 1999 as the world's largest derivatives exchange by far, beating out the Chicago Board of Trade (CBoT), the numbe
ABN AMRO Backs Tradepoint Consortium

Date 30/12/1999

Tradepoint Financial Networks plc ("Tradepoint") announced yesterday that ABN AMRO Bank N.V. has joined the Consortium of international brokerage and financial services firms led by Instinet.