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Iceland Central Bank raises interest rates

Date 16/06/1999

The Central Bank of Iceland has decided to raise its interest rates by 0,5% as of 21 June. The repo rates at its weekly auction next Monday will then be fixed at 8,4% instead of 7,9%.
Deutsche Börse Launches Neuer Markt Blue Chip Index on July 1

Date 16/06/1999

Deutsche Börse AG is launching the Neuer Markt Blue Chip Index on July 1. The index comprises the top 50 companies in the Neuer Markt. Analogous to the other Deutsche Börse indices, the selection criteria on which the index composition is based are market capitalization and share turnover. German as well as foreign companies can be included in the index. To be included in the index, a company has to rank among the top 60 Neuer Markt companies in terms of share turnover and market capitalization
Deutsche Börse Announces SDAX® Composition

Date 16/06/1999

Deutsche Börse has announced the composition of the SDAX. The SDAX will be launched on June 21 and comprises the top 100 German companies in the SMAX quality segment. The segment now has a total of 104 companies with a market capitalization of just under 20 billion EURO. The SDAX rounds out the DAX family of Deutsche Börse indices: in addition to the 30 blue-chip stocks in the DAX and the 70 companies in the MDAX (mid-cap DAX), the SDAX completes the index family with 100 small and medium-sized
CBOE Announces Board Approval of Strategic Plan to Include Screen-Based Trading

Date 16/06/1999

The Chicago Board Options Exchange (CBOE) announced today that its board of directors approved a comprehensive strategic plan recommended by CBOE's Strategy Task Force. CBOE formed its Strategy Task Force earlier this year with the mandate to reexamine the Exchange's competitive strategy in light of sweeping industry-wide changes fueled by new technology, new competitors, and, in large measure, by the very success of CBOE itself. "Today CBOE competes not only against other options exchanges, but
ASX Derivatives Clearing System Goes Live

Date 16/06/1999

The Australian Stock Exchange has completed the implementation of a new state-of-the-art derivatives clearing system (DCS). "Using new technology, ASX is constantly re-engineering its market capacity and flexibility," said ASX Managing Director Richard Humphry. "DCS was completed on time and under budget. It offers an open-interface with brokers; clearing participants have control of their own data bases; and the system offers the opportunity for other software suppliers to participate." He note

Italy's MIF Connected to Euro Globex®, Members Gain Access to ParisBourseSBF SA Euribor Contract

Date 14/06/1999

Members of Italy's MIF (Mercato Italiano Futures) have direct access to the 3-month Euribor futures contract through the Euro Globex® Alliance whose members now include ParisBourseSBF SA in France, MEFF Renta Fija in Spain and MIF in Italy.
Half-Ticks Instituted for CME Eurodollar Back Months

Date 14/06/1999

The minimum price movement for back-month expirations in the Chicago Mercantile Exchange's Eurodollar futures contract has been reduced from one point to one-half point effective June 14.
FTSE launches super-liquid EuroStars Index - LIFFE and AEX to launch derivatives on new 29-company Euro-zone index

Date 14/06/1999

FTSE International today launched a new low-cost, easily-tradeable Eurozone index - 'FTSE EuroStars' - containing 29 stocks from among the largest and most liquid companies from the Eurozone countries, "The Magic 29" are the stocks common to the major cross-border European indices on which derivatives are traded in Europe today. FTSE's EuroStars index compliments the existing FTSE equity indices series, acting as a transitional bridge for many traders who have yet to enter the zone of European
Vienna Stock Exchange Introduces New Index

Date 12/06/1999

The RDX (Russian Depository Receipts Index) is the latest addition to the CECE product line. The RTX, which was introduced in 199, is calculated using the most liquid Global Depository Receipts (GDR) and reflects price movements in real-time. The RDX is a capitalisation-weighted index which does not take account of dividend payments. The index capitalisation is currently about EUR7 billion. The RDX has been designed as a tradable index and as an underlying instrument for derivative products. Cas
Stock Exchange of Hong Kong Average Daily Turnover in May HKD7,351 million

Date 12/06/1999

The average daily turnover for the 21 trading days in May was HKD7,351 million, a decrease of 18 per cent compared with the previous month. Total turnover value for the month was HKD154,372 million compared with HKD170,603 million in April.