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FTSE Mondo Visione Exchanges Index:

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  • Deutsche Börse and NYMEX Cooperate in Development of German Exchange

    Date 22/04/1999

    Deutsche Börse and the New York Mercantile Exchange (NYMEX) have announced that they have signed a letter of intent to work together to set up a German energy exchange. In January, Deutsche Börse announced plans to provide the infrastructure for a German energy exchange by year end. NYMEX has been working with the German electricity industry since last year. Under the letter of intent, NYMEX, the world's largest energy exchange, will provide its expertise, primarily in the field of product dev

  • CME Expands Size of Lumber Contract

    Date 22/04/1999

    The Chicago Mercantile Exchange (CME) announced that it has increased the size of the random length lumber futures contract beginning with the January 2000 contract expiration. The contract is currently sized at 80,000 board feet and will increase to 110,000 board feet due to the size and capacity of railcars used to ship lumber. Raising the unit will more closely align the futures contract specifications with common practices in the cash market. The deliverable unit would range from 105,000 boa

  • CBOT Board Of Directors Takes Action

    Date 22/04/1999

    Taking swift and decisive action, the Board of Directors of the Chicago Board of Trade today enacted several motions and resolutions designed to renew confidence in the leadership and policy-making structure of the exchange. The items enacted by the Board, including respective resolutions of support for CBOT President Thomas R. Donovan and the exchange's senior management team (both attached), give additional oversight responsibilities to the exchange's Executive Committee and Board of Directors

  • Rowland Fleming leaves Toronto Stock Exchange

    Date 19/04/1999

    The Toronto Stock Exchange has accepted Rowland Fleming's decision to leave the TSE to pursue other interests. His resignation is effective immediately. The TSE appreciates the work he has done in furthering the Blueprint for Success strategic direction and the realignment of Canadian stock exchanges. Both of these initiatives are now well advanced and the Exchange is confident that they will be successfully concluded.

  • NYMEX Chairman Urges Administration to Act on Electricity Legislation

    Date 15/04/1999

    New York Mercantile Exchange Chairman Daniel Rappaport, at a press conference held at the White House to announce the Administrations proposed electricity deregulation legislation urged Congress and the Administration to work together to introduce 'competition and choice' to the national electricity market. Mr. Rappaport commended the Administration for its efforts and said that the Exchange looks forward to working with both Congress and the Administration in bringing the benefits of free mark

  • Deutsche Börse Clearing Shows First Quarter Increases in Volume

    Date 15/04/1999

    The quarterly statistics of Deutsche Börse Clearing show further increases for the first three months of 1999. A total of 17.5 million domestic transactions were settled during this period, 53 percent higher than the number recorded in the first quarter of 1998. Securities transactions settled with a total cash clearing equivalent of EUR3.3 trillion accounted for 16.1 million of the transaction entries. A substantial increase was also reported in collective safe custody at Deutsche Börse Clearin

  • CBOT to Implement Six Percent Coupon in Treasury Complex On April 23, 1999

    Date 15/04/1999

    Following through on its commitment to respond to customers and provide the world's most effective risk management markets, the Chicago Board of Trade announced today that it will implement the six percent coupon in Treasury bonds and notes during the April 23, 1999 trading session. The 6% coupon will begin trading on Project A's overnight session on April 22, 1999 at 18:00.

  • Matif and Monep Derivatives trading up 20% to 16 million contracts in March

    Date 14/04/1999

    A total of 16,405,368 contracts changed hands on French derivatives markets Matif and Monep in March. With 405,216 Euribor futures traded in March, Matif was again Europe's second busiest market in the three-month segment. Gross open interest at the end of the month topped 260,000 lots. Sustained business pace reflected in particular the presence of four market-makers prepared to respond to requests for quotes at all times and guaranteeing market depth of at least 500 lots over three ticks for

  • LIFFE Reduces Size Of Board And Implements Corporate Restructuring

    Date 14/04/1999

    Proposals to reduce the size of the Board of the London International Financial Futures and Options Exchange (LIFFE) received overwhelming support from the Exchange's shareholders at an Extraordinary General Meeting held on April 14. The current number of Board members is 22 (comprising the Executive Chairman, 17 elected directors, two independent non-executive directors and two executive directors). The number of directors elected by shareholders will now be reduced from 17 to 10 reducing the

  • Euro trading on the OM Stockholm Exchange started Monday April 12

    Date 14/04/1999

    The OM Stockholm Exchange initiated euro trading on Monday April 12 when parallel trading in StoraEnso got underway, denominated in euro and Swedish krona. Electrolux stands next in line for parallel trading, with euro and krona-denominated trading beginning on 7 June.

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