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HKFE Announces Revised Margins For Futures Contracts

Date 30/04/2003

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announced that with effect from the commencement of trading on Friday, 2 May 2003, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the attached table. The adjustments are based on the clearing company's normal procedures
Eurex Enhances Efficiency And Flexibility In Clearing - Sector-Based Risk Management Has Definite Cost-Related Advantages For Eurex Clients - Eurex Accepts Fixed-Income ETF As Clearing Collateral

Date 30/04/2003

Eurex, the international derivatives market, will further enhance efficiency in the netting of risks for derivatives transactions, so-called cross margining, as well as flexibility by expanding the depositable collateral. The world's largest derivatives market announced this on Tuesday. As of June 2, 2003, offsetting risks from positions in derivatives on equities and indices in the same sector will be netted in the calculation of margin payments. Bundling the margin collateral reduces the margi
Council Of The Heads Of Governments Of CIS Countries Approves The Decision Of IAE CIS And The MICEX To Cooperate In The Creation Of An Integrated Currency Market Of CIS Member States

Date 30/04/2003

Recognizing that the creation of an integrated currency market is a priority task, the Council of the heads of governments of CIS countries adopted 25 April, 2003, a document called "On cooperation and coordination of activities of CIS member states in the creation of CIS integrated currency market". The Council also adopted the organizational principles of CIS integrated currency market.
Copenhagen Stock Exchange: Delayed Implementation Of MSCI And S&P's New GICS Classification

Date 30/04/2003

The Global Industry Classification Standard (GICS) will be revised by MSCI and Standard & Poor's as of 1 May 2003. The consistency changes for the classification of the Danish companies as a result of the review should have been made at the same time, which we announced in a press release on 28 February 2003.
CME, CBOT Brief Clearing Firms On Benefits Of CME/CBOT Common Clearing Link

Date 30/04/2003

Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT) this week began briefing their clearing member firms on the benefits of the CME/CBOT Common Clearing Link and estimated collateral savings which may reach 90 percent for interest rate and equity index products.

Closure Of SGX America

Date 30/04/2003

SGX will close its liaison office in New York with effect from 1 June 2003. The decision is in line with the exchange's efforts to streamline operations and maintain cost efficiencies. With this move, the New York office's liaison function will be carried out from Singapore. Click here for more info.
ASX Quarterly Update Nine months To 31 March 2003

Date 30/04/2003

Australian Stock Exchange Limited (ASX) today announced an unaudited operating profit after tax of $46.0 million for the nine months to 31 March 2003, an increase of 6.0% when compared with $43.4 million recorded for the corresponding nine months to 31 March 2002.
American Stock Exchange Launches Trading Of Rydex S&P Equal Weight Exchange Traded Fund - New Equally Weighted S&P ETF Offers Investors New Way To Invest In The Stocks Of The S&P 500

Date 30/04/2003

The American Stock Exchange (Amex) today announced that it launched trading of the Rydex S&P Equal Weight ETF (AMEX: RSP), a new exchange traded fund (ETF) based on the S&P Equal Weight Index, an index co-developed by Rydex Global Advisors and Standard & Poor's earlier this year. "The Amex is extremely pleased to join Rydex and Standard & Poor's in their joint venture to bring a new and innovative ETF to the marketplace," said Cliff Weber, senior vice president of Amex ETF Marketplace. "Since
TSX Group Inc. Reports Results For First Quarter Of 2003 - Revenues For First Quarter Up 5% Over 2002 - Earnings Per Share Increase Of 26% Over First Quarter Of 2002 - Quarterly Dividend Increased From $0.15 To $0.18 Per Common Share

Date 29/04/2003

TSX Group Inc. [TSX:X] announced results for the first quarter 2003. The company also declared a quarterly dividend of $0.18 per common share.
The Korea Futures Exchange Weekly Bulletin

Date 29/04/2003

The Korea Futures Exchange (KOFEX), the only total derivatives exchange in Korea, commemorates the fourth anniversary of its opening on Wednesday, April 23, 2003. KOFEX will be closed on May 1, Labor Day.