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Singapore Exchange Launches Chinese Micro Website

Date 18/12/2002

SGX has launched a Chinese micro website, which contains information about the exchange and its securities business. This includes information on how companies can list on the exchange, statistics, securities prices, market summaries and profiles of most of the China-related companies. Click here to to visit the site.
SEC Proposes Electronic Filing Of Insider Ownership Reports, Adopts Standardized Options Exemptions

Date 18/12/2002

The Securities and Exchange Commission took the following actions at its open meeting today:
Oslo Børs: Nordstjernen And Orkla Shareholdings In Elkem Consolidated

Date 18/12/2002

The Board of Oslo Børs has today concluded that the shares held by Nordstjernen Holding AS and Orkla ASA in Elkem ASA shall be treated as a consolidated holding for the purposes of the rules on mandatory offers. The two companies hold in total more than 40% of the share capital of Elkem ASA, and consolidation therefore triggers the duty to make an offer for the company. Orkla ASA must therefore give immediate notice either that it intends to make an offer to purchase all the remaining shares
NYSE Emphasizes Member Firms Must Ensure Accuracy, Integrity of Order-Routing Systems - Recent Errors Prompt Reminder About Rules and Business Practices

Date 18/12/2002

The New York Stock Exchange has issued a memorandum underscoring member firms' responsibilities to protect against errors in orders sent to the NYSE via electronic systems.
New Zealand Stock Exchange: Recalculation Of The NZSE Indices Now Set For February 2003

Date 18/12/2002

The New Zealand Stock Exchange (NZSE) has received a significant amount of feedback on its updated "Reforming and Improving the NZSE Indices" Proposal. As a result of comprehensive one-on-one interviews with major institutions and actuaries and feedback from the submission process, the NZSE has decided to revise commencement of the recalculation date of the indices, until February 2003.

Meeting Of The Board Of Oslo Børs On 18 December 2002

Date 18/12/2002

At its meeting on 18 December 2002 the Board of Oslo Børs resolved that the ownership interests in Elkem held by Orkla and Nordstjernen should be treated as a consolidated holding. This decision means that Orkla is now subject to the duty to make an offer for Elkem. The Board also approved the admission of three new members of Oslo Børs. The new members are Lehman Brothers International (Europe), Danske Bank A/S and FöreningsSparbanken AB (publ).
GlobalCOAL<SUP><SMALL>TM</SMALL></SUP> Is Pleased To Announce Another Record Month Of Transactions In Its Newcastle Market

Date 18/12/2002

globalCOALTM, the coal e-marketplace backed by leading industry consumers & producers, is pleased to announce that it has transacted a record amount of tonnage in Newcastle (Phys NEWCTM) at 1.635 million metric tonnes month-to-date. In addition, a major coal user has made a commitment to place bids, on a regular basis, with an intention to purchase physical tonnage in the Phys NEWCTM market on globalCOALTM, which will commence in 2003.
Deutsche Börse Updates Weightings In Equity Indices

Date 18/12/2002

Effective December 23, new weights will apply for the companies in the equity indices of Deutsche Börse. The index provider released the tentative figures on Wednesday. The final figures, based on Friday's Xetra closing prices, will be published on Saturday at the Deutsche Börse Web site.
Arbitration Proceedings Between HEX And Trading Members Concluded

Date 18/12/2002

An Arbitration Court has ruled on 18 December that HEX is liable to reimburse a number of brokers for the value added tax that HEX has been refunded from the years 1995-2000 (VAT refund), altogether 11.3 million euro.
Winnipeg Commodity Exchange Inc. Will Offer Exchange For Risk (EFR) Transactions Beginning January 2003

Date 17/12/2002

Winnipeg Commodity Exchange Inc. (WCE) is pleased to announce the introduction of Exchange For Risk (EFR) as an allowable ex-pit transaction for all futures contracts effective January 2, 2003.