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Philadelphia Stock Exchange Is First Floor-Based Exchange To Complete Floor-Wide Rollout Of Its Electronic Options Trading System – PHLX XL - “ All Equity Options And Sector Indexes Can Now Be Traded Electronically”

Date 16/02/2005

The Philadelphia Stock Exchange announced today that it is the first floor-based Exchange to trade all of its options and sectors indexes electronically, on and off the trading floor, using PHLX XL, the Exchange’s electronic trading platform. The rollout occurred two and a half months ahead of schedule with no disruptions to the trading system.

NZX Announces Preliminary 2004 Results

Date 16/02/2005

Summary Operating EBITDA (excluding non-recurring expenditure): $6.0 million, versus $3.6 million in 2003, an increase of 69%. Total revenue: $18.1 million, versus $13.7 million in 2003, an increase of 32.1%. Operating expenses (excluding non-recurring): $10.5 million, versus $9.1 million in 2003, an increase of 15.3%. NPAT: $3.7 million, versus $2.9 million in 2003, an increase of 24.9%. New investments: $4.1 million, in Smartshar

Nymex To Decrease Margins On Heating Oil Futures And Calendar Swap Futures

Date 16/02/2005

The New York Mercantile Exchange, Inc.,announced today that it will decrease the margins on its heating oil futures and New York Harbor heating oil calendar swap futures contracts at the close of business tomorrow.

Nymex To Decrease Margins for Heating Oil Crack Spread Calendar Swap Futures

Date 16/02/2005

The New York Mercantile Exchange, Inc., announced today that it will decrease the margins on its New York Harbor heating oil crack spread calendar swap futures contracts at the close of business tomorrow.

Nymex To Decrease Margins For Natural Gas Futures, Swap Futures, And e-miNY<SUP>sm</SUP> Futures Contracts

Date 16/02/2005

The New York Mercantile Exchange, Inc., announced today that it will decrease the margins on its natural gas futures, Henry Hub swap futures, and e-miNYsm futures contracts at the close of business tomorrow.

NASD Charges American Funds Distributors, Inc. With Arranging $100 Million In Directed Brokerage Commissions For Top Sellers Of American Funds

Date 16/02/2005

NASD has charged American Funds Distributors, Inc. (AFD) with violating NASD's Anti-Reciprocal Rule by directing approximately $100 million in brokerage commissions over a three-year period to about 50 brokerage firms that were the top sellers of American Funds. The payments were made to reward the firms for past sales and to encourage future sales of American Funds' 29 mutual funds.

IOSCO Issues Principles On Outsourcing Of Financial Services For Market Intermediaries

Date 16/02/2005

The International Organization of Securities Commissions (IOSCO) has published its Principles on Outsourcing of Financial Services for Market Intermediaries (“Outsourcing Principles”). IOSCO’s issuance of the Outsourcing Principles follows an extensive consultation process in which securities firms, markets, regulators and the public considered the draft Principles over a period of several months. A related document, the

CalPERS Board Votes To Oppose Defined Contribution Legislation

Date 16/02/2005

The CalPERS Board of Administration voted 9-3 to oppose legislation that calls for a Constitutional Amendment that would shift public pensions from a defined benefit plan to a 401(k)-style defined contribution plan for new employees.

Amcorp Makes Primary Listing Of USD120 Million Exchangeable Bonds On Labuan International Financial Exchange

Date 16/02/2005

The number of approved listings on the Labuan International Financial Exchange (LFX) increased to 28 with the primary listing of USD120 million exchangeable bonds issued by Amcorp Capital (L) Ltd., a wholly-owned subsidiary of Arab-Malaysian Corporation Berhad (Amcorp).

STOXX, Ltd. Changes The Composition Of The European Benchmark Indexes - First Regular Quarterly Review To Be Effective On March 21, 2005

Date 15/02/2005

STOXX, Ltd. today announced changes in the composition of the Dow Jones STOXX Global 1800 index, the Dow Jones STOXX Total Market Index, the Dow Jones STOXX 600 Index and its sector indexes, the Dow Jones EU Enlarged Total Market Index and the Dow Jones STOXX Football Index.