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Johannebsurg Stock Exchange General Manager Dismissed

Date 02/09/2000

Mike Bastenie, the former General Manager of Market Operations, has been dismissed from the Johannebsurg Stock Exchange (JSE) after having been found guilty of the following charges by the JSE's disciplinary committee: breach of fiduciary duty to the JSE, dishonesty, prejudicing the security of the JSE's computer systems and negligently managing a key strategic project of the JSE.
FTSE Launches First 24 Hour Global Index

Date 02/09/2000

The FTSE Global 100 Index, representing the largest 100 multinationals worldwide, will be calculated in real time from 11 September 2000 to reflect the growing market trend for investment in large multinational companies on a truly global 24-hour basis.
FTSE And Russell Complete First Phase Of Collaboration

Date 02/09/2000

Following the announcement that FTSE and Frank Russell Company have begun a major strategic collaboration, FTSE has released information on how the FTSE Global Classification System will be applied to the Frank Russell US indexes.
Deutsche Börse: No Trading On The Exchanges On October 3 This Year - Harmonization Of European Holiday Calendar Still Necessary

Date 02/09/2000

There will be no trading on Xetra or on the floor at FWB, the Frankfurt Stock Exchange, on October 3 (German Unity Day) this year. Nor will German equity and index products be traded at Eurex, the German-Swiss derivatives exchange, on that day. The decision was announced by Deutsche Börse AG and Eurex on Thursday. The companies' decision takes account of the special significance of the national holiday this year, which marks the 10th anniversary of German Unity, and is also a response to the sug
Crestco And Clearstream Announce Low-Cost Settlement Solution For iX-International Exchanges

Date 02/09/2000

Clearstream International and CRESTCo have published details of a low-cost settlement solution for the proposed iX. The solution will mean that customers will continue to be able to settle transactions in all iX securities and currencies through their existing interfaces to CREST or Clearstream. This means that the settlement cost of a cross-border iX trade is reduced to the same low-level as a domestic trade. Local settlements can cost 90% less than cross-border transactions. Customers therefor

CME Appoints Nobel Laureate Myron Scholes To Board

Date 02/09/2000

The Chicago Mercantile Exchange (CME) has appointed Myron S. Scholes -a 1997 Nobel laureate in Economics and co-author of the Black-Scholes options pricing model -to the CME Board of Directors for a two-year term, CME Chairman Scott Gordon announced.
Pearson plc And Stora Enzo Join Roster Of NYSE-Listed Stocks

Date 01/09/2000

In the week ended today, two companies joined the ranks of New York Stock Exchange-listed companies.
Overwhelming Majority Of London Metal Exchange Members Opt To Become Shareholders

Date 01/09/2000

The London Metal Exchange today announced that only one associate broker clearing member (ABCM) had decided to take a cash settlement instead of shares in LME Holdings Limited, subject to a vote at an Extraordinary General Meeting on 14 September to approve the LME's change of status. At present the LME has 28 ABCMs. All existing ring dealing members will take shares. The LME has in total 95 members that were eligible to choose whether to take shares or a financial settlement.
Over 302 Million Contracts Already Traded At Eurex In 2000 - 33.7 Million Contracts Traded In August - Further Increase In Derivatives On Nemax 50 - Record Result In Nokia Options - alliance/cbot/eurex Starts With Daily Growth In Trading Volume

Date 01/09/2000

Eurex, the international derivatives market, posted volume of 33.7 million contracts traded in August.
Nymex Receives Approval To Increase Price Limits On Platinum Futures

Date 01/09/2000

The New York Mercantile Exchange has received approval from the Commodity Futures Trading Commission to increase the price limits in the back months of its platinum futures contracts to $50 from $25 per ounce above or below the preceding day's settlement price.