News Centre

CME QBI to Be Transferred To GLOBEX®2 Electronic Trading System

Date 22/03/1999

The CME Quarterly Bankruptcy Index (QBI) contract will be transferred to the GLOBEX®2 electronic trading system from its open outcry pit within the next several weeks. A final launch date will be determined pending final regulatory approval from the Commodity Futures Trading Commission.

Tokyo Stock Exchange to operate as a clearinghouse from May 1999

Date 18/03/1999

The Tokyo Stock Exchange (TSE) is to operate as a clearinghouse starting in May, 1999, in order to increase security of the safe settlements and reduce counterparty risk for market participants.

Brussels Exchanges Launched On the 17th

Date 17/03/1999

On Wednesday, March 17, 1999, Brussels Exchanges became an operational reality. The new company came about as a result of the integration of the Belgian Futures and Options Exchange (Belfox), the Brussels Stock Exchange and the CIK (national depository).

Toronto Stock Exchange to become sole senior equities market in Canada

Date 15/03/1999

The Board of Governors of the Toronto Stock Exchange (TSE) is pleased to announce that the TSE has reached agreement with the Montreal, Vancouver and Alberta exchanges to restructure the Canadian markets along lines of market specialisation to ensure a strong and robust exchange system which will benefit Canadian capital markets and all participants.

Borsa Italiana, SBF-Paris Bourse and SWX announce Partnership Agreement

Date 15/03/1999

Borsa Italiana, SBF-Paris Bourse and Swiss Exchange SWX have announced that they have signed a partnership agreement. This agreement between three major stock markets is an integral part of efforts towards building the pan-European stockmarket which aims to benefit issuers, investors and market participants.

The OM Stockholm Exchange launches new share trading system, SAX2000

Date 12/03/1999

On March 12, the OM Stockholm Exchange brought the new SAX2000 trading system into operation. The project kicked off in 1995, but accelerated in recent months with extensive testing internally and at member companies. "The system has got off to a flying start," reports Carl Johan Högbom, Executive Vice President of the OM Stockholm Exchange

London Stock Exchange Price Format Rules Change from March 22

Date 12/03/1999

LIFFE CONNECT™ Update

Date 12/03/1999

The first phase of LIFFE CONNECT™ is on schedule to go live on Monday, April 12, 1999. The first contracts to be launched will be the 5 and 10 year Gilts. LIFFE Members are due to commence dress rehearsals for the new market on March 23, 1999.

Korea Futures Exchange signs support contract with OM Technology

Date 12/03/1999

The Korea Futures Exchange (KOFEX) has signed a five-year support contract with OM Technology, covering the OM CLICK Exchange System and the OM SECUR Clearing System. The support deal's order value amounts to just below SEK 50 m.

IPE Sets Another New Daily Volume Record

Date 12/03/1999

Volume of daily trade on the IPE, the leading energy futures and options exchange outside the US once again surpassed previous records achieved only the day before. The record volume of 157,381 lots was achieved on March 11 and exceeds the previous record of 154,594 lots set on Wednesday March 10.