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  • OM Acquires Danish Company DEFU DATA

    Date 28/10/1999

    OM Technology has acquired the Danish IT company DEFU DATA. DEFU DATA develops and sells IT solutions to the Danish electricity market. The company, which is located in Taastrup near Copenhagen, has 26 employees and a turnover of just under SEK 20 m per annum.

  • NYMEX To Split Unit Size Of Western Electricity Futures Contracts

    Date 28/10/1999

    The New York Mercantile Exchange has received Commodity Futures Trading Commission approval to reduce the delivery rate of its California Oregon Border (COB) and Palo Verde electricity futures contracts from 2 megawatts (Mw) to 1 Mw and the contract unit from 864 megawatt hours (Mwh) to 432 Mwh, a change which the Exchange will implement on Monday, December 6.

  • CME Encouraged By CFTC Chairman Remarks

    Date 28/10/1999

    Chicago Mercantile Exchange Chairman Scott Gordon made the following statement in response to remarks this morning by Commodity Futures Trading Commission Chairman William J. Rainer at the 22nd annual Chicago-Kent College of Law Derivatives and Commodities Law Institute: "We applaud Chairman Rainer's determination that financial futures markets get prompt and equal regulatory treatment. He recognizes the convergence of the over-the-counter market and formally regulated futures exchanges. He u

  • CBOT Applauds CFTC Chairman's Progressive Reform Agenda

    Date 28/10/1999

    The Chicago Board of Trade today praised Commodity Futures Trading Commission Chairman William Rainer for his speech to industry leaders outlining an aggressive and proactive agenda to bring fairness to U.S. futures markets by supporting reform of outmoded regulations on futures trading.

  • Baltimore Technologies plc Lists On The Nasdaq Stock Market

    Date 28/10/1999

    Baltimore Technologies plc - an international provider of information security products and services - began trading today on The Nasdaq Stock Market® under the symbol BALTV. The company's offering raised $59 million by issuing 2,382,608 American Depositary Shares (ADS) at a price of $24.78 per share. Merrill Lynch, Pierce Fenner and Smith Inc and Lehman Brothers are managing this offering. Baltimore's electronic security products and services enable their customers to conduct electronic busine

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