FTSE Mondo Visione Exchanges Index:

News Centre

News

Tradepoint Refinancing Arrangements

Date 07/05/1999

Tradepoint, the UK order-driven stock exchange, has previously indicated its need for additional finance and today announces a long-term financing package that greatly enhances its future prospects. The refinancing takes the form of a subscription for 70 million new Ordinary Shares at 20p per share by a consortium led by Instinet, a wholly-owned subsidiary of Reuters Group PLC. This represents 54.4% of the enlarged equity. The Consortium consists of Instinet, American Century, Archipelago (25% o
NYMEX Sets Margins for Aluminum Futures

Date 07/05/1999

The New York Mercantile Exchange has established initial and spread margin rates for its aluminum futures contract to be launched on Friday, May 14. The initial margin rates for clearing members, members, and hedgers will be USD800 per contract, and the rate for non-member speculators will be USD1,080 per contract.
NYMEX Aluminum Options Date Set; Futures Contract Details Finalized

Date 07/05/1999

The New York Mercantile Exchange board of directors has agreed to launch aluminum options on Friday, July 23; established August 1999 as the first month of trading for the aluminum futures contract to be launched on May 14; and selected two warehouses for delivery under the terms of the contract. Previously, the Exchange had announced that it would begin trading with July 1999 as the first of 25 listed contract months. Exchange President R. Patrick Thompson said that the change had been made at
Montreal Exchange Satisfied

Date 07/05/1999

Senior management at the Montreal Exchange has learned about the reports from the Advisory Committee to the Québec's Deputy Premier and Minister of State for the Economy and Finance, Mr. Bernard Landry, regarding the proposed specialisation of the Canadian exchanges and says it is pleased to see that overall, the proposal has received enthusiastic support. It plans to carefully analyse each of the recommendations put forward in these reports.
LIFFE trades GBP192bn Per Day In April 1999

Date 07/05/1999

The nominal value of contracts traded on the London International Financial Futures and Options Exchange (LIFFE) averaged GBP192 billion daily during April 1999, down 14% on March 1999. Total outstanding business in all Euro money market contracts at the end of April exceeded 2,300 billion.

CME To Reduce By Half Minimum Price Increment On GSCI®

Date 07/05/1999

The Chicago Mercantile Exchange (CME) announced plans to cut in half the minimum price movement on Goldman Sachs Commodity Index (GSCI®) futures and options contracts, effective Tuesday, May 18. The change is designed to enhance contract efficiency and has been approved by the CME Board of Directors and the Commodity Futures Trading Commission. The minimum price fluctuation will now be 0.05 index points, or USD12.50 per tick, half the previous level of 0.10 index points, or USD25 per tick.
CME Board Approves Net Margining For Clearing Firms

Date 07/05/1999

In the continuing implementation of its strategic planning initiatives announced last fall, the Chicago Mercantile Exchange (CME) Board of Directors has approved a measure to change margin requirements for the house accounts of clearing member firms from a gross margin to a net margin basis, beginning this month. Under the net margining program all "house origin" accounts of the clearing firm - including its proprietary positions and the accounts of its affiliates, employees and directors - wil
CME Appoints Rahm Emanuel to Board

Date 07/05/1999

The Chicago Mercantile Exchange (CME) has appointed Rahm Emanuel to a two-year term on the CME Board of Directors. Emanuel, Managing Director of the investment banking firm Wasserstein Perella & Co., Inc., had served as Senior Adviser to the President for Policy and Strategy in the Clinton Administration. "As a close adviser to the President during the most extensive economic expansion in U.S. history, Rahm Emanuel has demonstrated an understanding of financial, strategic and global issues that
Cantor Fitzgerald International New Member of MONEP

Date 07/05/1999

The Paris branch of Cantor Fitzgerald International has become a member of MONEP with the status of Broker dealer on index futures and options. This new membership brings the total number of MONEP members to 114 compared to 87 in April 1998.
Botswana Stock Exchange Weekly Market Commentary

Date 07/05/1999

The market rose 2.6% during the week to close at 971.83. Liquidity appears to be returning to the Botswana Stock Exchange as foreign interest in the listed stocks has picked up dramatically in the last few weeks, in particular interest appears to be focused on heavyweight Sechaba which is trading on a 10.5x historic PER and 8.4% dividend yield. The stock goes ex-dividend at the end of next week.