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News

Nasdaq Changes Status of Trading Halt in ICO Global Communications Holdings Limited and Requests Additional Information from Company

Date 28/08/1999

The Nasdaq Stock Market® announced today (August 27) that the trading halt status in ICO Global Communications Holdings Limited (NASDAQ:ICOGF) was changed to "additional information requested" from the company. Trading in Global Communications had been halted on August 27 at 12:14 p.m., Eastern Time, for news pending at a last sale price of 3 5/8. Trading will remain halted until the company has fully satisfied the Nasdaq® request for additional information.
Minneapolis Grain Exchange Rejects Bid For Voting Control

Date 28/08/1999

The Minneapolis Grain Exchange (MGE) Board of Directors on August 23 rejected Michael Blake's offer to purchase enough memberships to gain voting control. Blake's desire to purchase 200 memberships, in addition to 23 he currently owns, would have given him ownership of more than 50 percent of the Exchange's 402 seats.
Canola Futures Performing Well

Date 28/08/1999

Winnipeg Commodity Exchange (WCE) canola futures continue to trade at a record pace in response to increasing interest from the domestic and international canola market. The volatile market prices observed over the past 12 months have been a key contributor to the interest in canola futures.
Botswana Stock Exchange Market Commentary

Date 28/08/1999

The market surged higher gaining 7.3% to yet another all-time high of 1,483.64 again helped by bank stocks which reached new highs. The total market capitalisation has now broken the P5bn mark having just reached the P4bn mark for the first time only 3 weeks ago.
Athens Derivatives Exchange Commenced Trading on August 27

Date 28/08/1999

August 27 saw the official start of market operations of the Athens Derivatives Exchange (ADEX) and the Athens Derivatives Exchange Clearing House (ADECH). The intraday volatility for the futures on the FTSE/ASE-20 and the cash market was rather low (betweeen 2802 and 2826 for the front series) and the volume for all traded series was 602 contracts.

TSE To Focus On Core Equity Business - Trade station business will be well-served by Canadian vendors

Date 27/08/1999

The Board of Governors of the TSE has made a decision not to pursue the trading station business. This decision is part of our overall effort to focus on providing the best, most cost-effective services possible. Our first priority is to provide a quality market for all our customers. The strategic decision not to offer the TOREX Trading Station Release 3 will allow us to focus on our core strengths. We are confident that our members' trading station needs will be met by a number of technology
SFE Members Vote For First Stage Of Move To Screen Trading

Date 27/08/1999

At an Extraordinary General Meeting (EGM) late this afternoon, Floor Members of the Sydney Futures Exchange (SFE), by the required majority of 75%, voted to adopt rules necessary for the closure of the Trading Floor and for a staged move to screen trading.
New "S&P/TOPIX 150" index begins to be calculated and posted on the Tokyo Stock Exchange's website

Date 27/08/1999

From August 24,1999,the daily closing of S&P/TOPIX 150 Index began to be caluculated on a test basis. The previous day's closing of the index is posted on the Exchange's website every day.
Nasdaq To Extend Availability of Trade Reporting And Quotation Systems to 6:30 p.m. Eastern Time

Date 27/08/1999

The Nasdaq Stock Market® announced today that, in response to numerous requests, it will make the Nasdaq® trade reporting and quotation systems available to organizations that have announced their intentions to trade until 6:30 p.m. U.S. Eastern Time in order to promote a well-regulated environment in after hours trading sessions.
Iridium World Communications Ltd. Erroneously Reported as Big Gainer

Date 27/08/1999

The Nasdaq Stock Market® announced that due to a system error, Iridium World Communications Ltd. (Nasdaq:IRIQE) was erroneously reported to have been Nasdaq's second-largest percentage gainer today (August 26). Iridium's share price incorrectly showed an increase of 150.8 percent-or 5 ¾ points-to close at 10.