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Date 24/05/1999

CBOT Announces Disciplinary Action

The Chicago Board of Trade (CBOT) on May 24 announced disciplinary action taken on behalf of the CBOT membership by the Business Conduct Committee. As noted on the following page, this action reflects the exchange's commitment to maintaining a fair and orderly marketplace of the highest integrity. The CBOT releases all disciplinary actions involving fines in excess of $25,000 and/or suspensions greater than five days.
Date 22/05/1999

SFE Board Considers Offer By COMPUTERSHARE

Following the 21 May Board meeting of the Sydney Futures Exchange (SFE), Chairman Mr Rick H Smith has issued the following statement: "The SFE Board believes the Computershare Limited (CPU) offer is one that should be considered seriously. The Board will communicate with CPU and the Australian Stock Exchange during the next week and will not make any further statement until next Friday, 28 May, at the earliest."
Date 22/05/1999

LIFFE AGM and Board Elections

Shareholders of the London International Financial Futures and Options Exchange (LIFFE) approved the Directors' Report and Accounts for 1998 at its Annual General Meeting (AGM) held on May 20. At the AGM, ten directors retired and three directors were elected (two being retiring directors who were re-elected and one being a new director). This follows the vote at LIFFE's Extraordinary General Meeting (EGM) on 14 April to reduce the number of directors elected by shareholders from 17 to 10, reduc
Date 22/05/1999

Cyprus Stock Exchange Market Capitalisation CYP1,650 Billion at End April

The total market capitalisation (shares) of the Cyprus Stock Exchange reached CYP1,650 billion, an increase of 3.97% over the previous month. The total value of transactions during April reached CYP95 million with an average of CYP5,004 million per trading session, a decrease of 21.6% compared to the previous month.
Date 22/05/1999

Botswana Stock Exchange Weekly Market Commentary

The market continued its slide primarily because of heavyweight Barclays, with the index trimmed down 0.4% in spite of three stocks reaching record highs during the week. Volumes were recorded across all counters bar FNBB, Metsef and RDCP. Barclays lost some of its shine from the recently agreed stock split to trade at 2100t on thin volume, a loss of 60t on the week. Botswana Insurance hit yet another all-time high of 1015t albeit on thin volume of only 764 shares as investors continued to scram

Date 21/05/1999

OM Technology sets up CalPX derivatives market

In the beginning of June this year, the California Power Exchange (CalPX) will launch a new market for power derivatives trading. The technical operation of the market will be carried out by OM Technology under a facility management agreement with CalPX. Initially CalPX will offer its participants a market for forward trading. Development of the new market has been underway since February this year. Derivative trading volumes are expected to pick up gradually as market participants start to use
Date 21/05/1999

NYMEX Announces Aluminum Early Closings

The New York Mercantile Exchange has announced an early closing time of 12:55 for the aluminum futures contract on business days preceding certain holidays. All other markets will close at 13:00 on those days with the exceptions of: Palo Verde and California/Oregon border western electricity futures and options, 12:55; and silver futures and options 13:05; platinum and gold futures and options 13:10. The following early closing days remain in 1999: Friday, May 28- Memorial Day; Friday, July 2
Date 21/05/1999

DST Canada And CFDS Ltd. Announce Combined Management

It is with great pleasure that Peter O'Connell, President & CEO of DST Canada Inc. (DST) and Al O'Neal, Managing Director of CFDS Limited (CFDS), announce that DST Canada Inc. and CFDS Ltd. have combined the management of the two organizations effective immediately. The combined company will operate as DST Canada Inc. and CFDS Ltd. will operate as the full service division of DST Canada. Together, the combined organizations will be the largest provider of mutual fund shareowner accounting serv
Date 20/05/1999

SFE Chairman Retires - Replacement Appointed

The Board of the Sydney Futures Exchange (SFE) has appointed Mr Rick Holliday-Smith to replace the retiring Mr Bruce Hudson as SFE Chairman. Mr Holliday-Smith has been an Independent Director of the SFE, and its subsidiary the New Zealand Futures and Options Exchange (NZFOE), since May 1998. He brings a wealth of experience in the capital market and derivatives industries.
Date 20/05/1999

ASX and SFE Merger, Statement by the Managing Director and CEO of the ASX, Mr Richard Humphry

ASX has noted the announcement today of the offer by Computershare Limited for the Sydney Futures Exchange. It is important to note the proposal agreed to by the ASX and SFE boards cannot be directly compared with the Computershare offer, until the detail of that offer is fully outlined. ASX's proposal is the result of detailed evaluation and includes substantial benefits and synergies for SFE members that ASX is best placed to provide.