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General Motors To Adopt New York Mercantile Exchange Price Indicator For Aluminum - Policy Change Made To Conform To New FASB Regulations

Date 27/04/2000

In a move to quickly accommodate new Financial Accounting Standards Board (FASB) regulations into its global purchasing policies, General Motors today announced its new Metal Price Adjustment Policy for Non-allied Aluminum Parts Suppliers. The new price adjustment policy, effective July 1, 2000, consolidates three separate policies currently in use for secondary aluminum cast parts, aluminum wheels and primary aluminum fabricated parts.
CME Names Scott Johnston New CIO

Date 27/04/2000

The Chicago Mercantile Exchange (CME) has named Scott L. Johnston to the position of Managing Director and Chief Information Officer (CIO), President and Chief Executive Officer Jim McNulty announced today.
TSE Views Nasdaq Partnership With Quebec As Opportunity To Open Reciprocity Discussions For U.S. Investors In Canada

Date 26/04/2000

Responding to today's announcement by NASDAQ and the Government of Quebec, the TSE acknowledged that NASDAQ's entry into Quebec had been anticipated for some time and that the alliance may have an impact in Quebec.
Tradepoint To Launch First Integrated Pan-European Stock Exchange For Blue Chip Stocks On 10 July

Date 26/04/2000

Tradepoint Financial Networks plc ("Tradepoint") announced today that, subject only to a market readiness check at the end of May, it would launch on 10 July the first pan-European Exchange trading European blue chip equities.
Three Regular Seats Sold On The NYSE

Date 26/04/2000

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SEC's Move Makes CME First Major Exchange To Get Green Light For Member Vote On For-Profit Transformation

Date 26/04/2000

The U.S. Securities and Exchange Commission (SEC) has just declared the registration statement filed by the Chicago Mercantile Exchange (CME) "effective," making the CME the first major exchange to receive such a ruling and paving the way for a vote on its plan for demutualization on June 6.
Seat Sale For IOM Division Of Chicago Mercantile Exchange Sets Record High Price

Date 26/04/2000

A membership in the Chicago Mercantile Exchange's Index and Option Market (IOM) Division sold today for $400,000, setting a new record high price for an IOM seat. The previous record of $385,000 was set on April 7 and matched with the last sale on April 11. The current bid and offer prices for an IOM membership are $380,000 and $425,000, respectively.
Q1234.COM Signs Letter Of Agreement With TSE

Date 26/04/2000

Q1234.com, an online webcast service of Salter New Media Ltd., announced today the signing of a letter of agreement with the Toronto Stock Exchange. The agreement extends and formalizes the joint program announced in April 1999 to provide TSE-listed companies with webcasting services. Q1234.com broadcasts and archives quarterly earnings conference calls and other important corporate announcements and events to the investor community.
Philadelphia Stock Exchange eVWAP™ Trading System

Date 26/04/2000

Long at the forefront of automated systems, the PHLX is pleased to announce the introduction of yet another product that will enable institutions to trade anonymously at the theoretically fairest price.
One Year Of SMAX - Deutsche Börse Assesses Performance - Turnover In SMAX Has Tripled - Index Outpaces MDAX

Date 26/04/2000

"We've achieved quite a bit in the SMAX quality segment within one year's time", said Volker Potthoff, member of the Executive Board of Deutsche Börse AG, in a positive assessment of the segment's performance on its first birthday. Turnover in the shares of the now 122 SMAX companies has tripled in the meantime, he said, and amounted to 1.5 billion euros in March 2000. The index has gone up 25 percent since the launch, outpacing the MDAX (14 percent); market capitalization in the quality segmen