FTSE Mondo Visione Exchanges Index: 100,426.31 -250.91
News Centre
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Statement From The London Metal Exchange - 10,000th LMEX Lot Traded
Date 17/05/2000
Yesterday, the 10,000th lot of the LME's new base metals index contract, LMEX, was traded. Commenting on this total, David King, LME Chief Executive said:
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New York Mercantile Exchange And 15 Traders File Class Action Suit Against New York Board Of Trade, New York Clearing Corp., And Klein & Co. To Block Use Of Third Party Customer Funds
Date 17/05/2000
The New York Mercantile Exchange and 15 of its members today filed a class action complaint and is seeking a temporary restraining order and injunctive relief to block the New York Board of Trade(NYBOT), New York Clearing Corp. (NYCC), and Klein & Co. Futures, Inc., from using innocent, third party customer funds to meet margin obligations on the NYBOT.
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London Stock Exchange Report On Technical Breakdown
Date 17/05/2000
A full investigation has now been completed into the causes of the technical problems experienced by the London Stock Exchange on 5 April when the market opened at 3.45 p.m.
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iX-international Exchanges And The Euro
Date 17/05/2000
In evidence to the Treasury Select Committee today, Don Cruickshank, Chairman-designate of iX-international exchanges - to be created by the prospective merger of the London Stock Exchange and Deutsche Börse - confirmed its policy with regard to the quotation of shares in euro and sterling.
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HKFE Panel Sees Three-month HIBOR Easing
Date 17/05/2000
The Hong Kong Futures Exchange's (HKFE) panel of forecasters from 10 banks predicts that with the demand for interbank funds likely to weaken, the three-month HIBOR (Hong Kong interbank offered rate) will be lower on 17 July 2000 compared to its level on 15 May 2000. The panel also sees one-month HIBOR easing between now and mid-July 2000. Both forecasts appear in the latest edition of the HKFE's "HIBOR Futures Market Update" newsletter, published yesterday.
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HKEx Board Endorses Removal Of Minimum Brokerage Commission Rules
Date 17/05/2000
The Board of Hong Kong Exchanges and Clearing Limited (HKEx) today (May 17,) endorsed a proposal to remove the rules which fix the respective minimum brokerage commission rates for stock and futures transactions with effect from April 1, 2002.
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CBOT Increases Agricultural Daily Price Limits To Enhance Market Opportunity And Increase Efficiency
Date 17/05/2000
The Chicago Board of Trade announced today that it plans to increase CBOT price limits - which is the maximum daily price change - for its agricultural futures and options contacts. The new limits will be implemented in conjunction with the launch of the CBOT-Eurex Alliance electronic trading platform later this year, pending approval by the Commodity Futures Trading Commission.
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The Stock Exchange Of Hong Kong Hands Over Responsibility For The Securities Industry Examinations To The Hong Kong Securities Institute
Date 16/05/2000
The Stock Exchange of Hong Kong has handed over responsibility for the Securities Industry Examinations to the Hong Kong Securities Institute.
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TechWIG - A New Index Of The Warsaw Stock Exchange
Date 16/05/2000
On May 19, 2000, the Warsaw Stock Exchange launches a new index called TechWIG. This follows the recent launch of SiTech - the new technology market segment on the Warsaw Stock Exchange in April.
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SEC, CFTC, And Monetary Authority Of Singapore Sign Memorandum Of Understanding
Date 16/05/2000
The United States Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Monetary Authority of Singapore (MAS) jointly announced the signing today of a Memorandum of Understanding (MOU) concerning consultation, cooperation and the exchange of information. The MOU establishes a framework for information sharing, thereby facilitating cooperation in cross-border investigations of potential violations of securities and futures laws. Recent Singapore legis
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