News Centre

The Development Of Corporate Governance In Hong Kong By Paul Chow, Chief Executive, Hong Kong Exchanges And Clearing Limited, At AIA Luncheon On 20 August 2003

Date 20/08/2003

INTRODUCTION Corporate governance is a topic familiar to all of us. We all know that there have been problems in the market recently; we know that more needs to be done to improve corporate governance in Hong Kong. Right now, the Exchange's Listing Committee is working on a further round of corporate governance reforms. I will not attempt to anticipate the outcome of the work of the committee. What I would like to do instead is to step back and look at how we got to where we are

Singapore Exchange Companies' AGM Schedules Now Available On SGX Website

Date 20/08/2003

SGX has now made available companies'AGM schedules on its website.The information is grouped under the Listed Companies menu option found in Securities Trading (menu bar on the left-hand panel of SGX's home page). Alternatively, you can now access the 'AGM Schedule'

SEC Brings Settled Enforcement Action Against UBS PaineWebber for Failure to Supervise Broker, Imposes $500,000 Penalty

Date 20/08/2003

The Securities and Exchange Commission today announced the institution of administrative proceedings against UBS PaineWebber, Inc. for failing to supervise a former registered representative, Enrique E. Perusquia, who defrauded his clients of tens of millions of dollars. PaineWebber simultaneously consented, without admitting or denying the Commission's findings, to the issuance of a Commission order finding that PaineWebber failed reasonably to supervise Perusquia and imposing a censure and a c

NZX Market Closure - An Explanation

Date 20/08/2003

Today NZX determined that the electronic messages originating from RMLT, one of the three New Zealand share registries that manage the transfer of shares between brokers accounts and clients accounts, were faulty. The faults were due to a RMLT software upgrade. NZX management accordingly decided to halt trading in the market. NZX has kept the market closed until it confirmed conclusively that (i) all shareholder balances within the RMLT registry are correct and all client positions accurate; and

Nymex To Change Margins On Natural Gas Basis Swap Futures Contracts

Date 20/08/2003

The New York Mercantile Exchange, Inc., announced yesterday that it will change the margins on its natural gas basis swap futures contracts as of the close of business tomorrow.

NYBOT To Consolidate New York Futures Exchange

Date 20/08/2003

The New York Board of Trade® (NYBOT®) announced today that it has begun a plan to consolidate the memberships and trading privileges of its subsidiary exchanges starting with the New York Futures Exchange (NYFE). The first stage of the plan will result in the FINEX Licenses being split into a Cotton/OJ Option permit and a FINEX License (hereinafter referred to as the "FINEX Membership"); the FINEX Membership's trading rights are being amended to include financial contracts (USDX and cross-rate

KOFEX Weekly Bulletin

Date 20/08/2003

Please click here for the KOFEX Weekly Bulletin.

GL TRADE Financial And Institutional Newsletter August 2003

Date 20/08/2003

Please click here to view the August 2003 GL TRADE financial and institutional newsletter.

Copenhagen Stock Exchange - Focus: The Adjustment Never Happened, Since The Summer Showed Elevating Signs Of Brighter Growth Prospects

Date 20/08/2003

In Focus no. 61, Equity Analyst Bjørn Schwarz, Sydbank Markets, outlines why the expected adjustment of the share prices did not happen in the course of the summer months.

CBOT: New Dow Divisor Announced

Date 20/08/2003

Starting with Wednesday, August 20, stock market trading, the Dow Jones Industrial AverageSM (DJIASM ) will be calculated with a new divisor because of Merck & Co., Inc.'s distribution of .1206 of a share of Medco Health Solutions, Inc. for each share held. As a result, the divisor for the 30 Industrials changes to 0.14249417 from 0.14279922.