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CBOT® Enhances Liquidity In Agency Futures With Appointment Of Abn Amro As Market Maker

Date 28/01/2003

The Chicago Board of Trade (CBOT) today announced that it has appointed ABN AMRO Bank N.V. as the designated primary market maker for 10-year and 5-year Agency note futures. Under the terms of the market making agreement ABN AMRO will provide two-sided open auction markets, with a bid/offer spread no wider than 2/32nds on depth of at least 250 contracts, on a continuous basis during open outcry trading hours. The market maker program will commence on Friday, February 7, 2003. ABN AMRO is also
CBOT® DOW Jones-AIG Commodity Index Futures Contract 2002 Performance Overshadows Equity Index Results; Contract Reaches Open Interest Record

Date 28/01/2003

For the full 2002 year, the Chicago Board of Trade's Dow Jones-AIG COMMODITY Index (DJ-AIGCI) futures contract value increased 23.86% while the S&P 500, DowSM Jones Industrial Average, and Nasdaq Composite declined 23.37%, 16.76%, and 31.53%, respectively. "This performance illustrates the benefits of portfolio diversification and exposure to assets with a negative correlation to equities. The CBOT futures contract on the Dow Jones-AIG Commodity Index provides various types of investors with
CBOT Fed Funds Options To Launch March 14th

Date 28/01/2003

The Chicago Board of Trade (CBOT) is expanding its successful Fed Funds complex by introducing Options on CBOT® Fed Funds futures. The new contract will begin trading on Friday, March 14, in the open auction marketplace.
Baltic Exchange: Freight Derivatives Market Collaborates To Ensure Growth

Date 28/01/2003

Freight derivative trading members of the Baltic Exchange signed an agreement today (Tuesday 28 January) to boost confidence in the growing freight derivatives market. The agreement formalises existing arrangements between brokers and principals and includes an undertaking to ensure the continued integrity of the Baltic’s daily indices and route assessments.
AMEX Chairman & Ceo Salvatore Sodano's Response To SEC's Comments On Payment For Order Flow

Date 28/01/2003

"The American Stock Exchange has been adamant in its opposition to payment for order flow. Last October, I urged regulators to act immediately to end the practice of payment for order flow once and for all. I am pleased that the SEC has begun the process of taking action in this regard.

UK's Financial Services Authority: The Euro - Sterling Value For Insurance Regulatory Purposes

Date 27/01/2003

The sterling value of the Euro for insurance regulatory purposes for the 12-month period beginning 31 December 2002 is 63.26 pence. This value should be used for calculations in connection with the completion of the regulatory returns that insurance companies and friendly societies are required to deposit under the Interim Prudential Sourcebooks for insurers and friendly societies (IPRU (INS) and IPRU (FSOC).
UK's Financial Services Authority Sets Out Its Priorities For 2003/04

Date 27/01/2003

The Financial Services Authority today published its Plan and Budget for 2003/04. The Budget envisages an increase in expenditure next year of 3.1%.
Tokyo Stock Exchange Board Report -January 2003

Date 27/01/2003

Revisions to Listing Regulations for New Disclosure Requirements As mentioned in last month's board report, TSE will amend the necessary regulations in order to effect its new requirements on quarterly business overviews and corporate governance disclosure. After setting aside time for public comment, TSE did receive some opinions from the public but these will not effect its plans to implement these changes.
The Philadelphia Stock Exchange Responds To Securities And Exchange Commission's Request To Eliminate Payment For Order Flow

Date 27/01/2003

The Philadelphia Stock Exchange responded today to a Jan. 24 letter from Securities and Exchange Commission Chairman Harvey L. Pitt calling for the elimination of exchange-sponsored payment for order flow fees.
The NASDAQ Stock Market Announces Open Short- Interest Positions In NASDAQ Stocks For January 2003

Date 27/01/2003

As of mid-January, short interest in 2,925 NASDAQ National Market® securities totaled 3,924,045,518 shares compared with 3,918,789,927 shares in 2,923 National Market issues for the month of December.