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  • International Securities Exchange Approved By Securities And Exchange Commission - First New Securities Exchange In Twenty-Seven Years

    Date 01/03/2000

    The International Securities Exchange (ISE) announced last week that it has received approval of its application for registration as a national securities exchange. This marks the first time since 1973 that any entity has received such designation from the Securities and Exchange Commission (SEC). Before 1973, all other exchanges predated the formation of the SEC in 1934.

  • Eurex: Second-Highest Monthly Performance, 39.1 Million Contracts Traded

    Date 01/03/2000

    With volume of 39.1 million contracts traded in February, Eurex, the European derivatives market, recorded the second-highest turnover ever achieved by a derivatives exchange on a monthly basis, after 40.2 million contracts traded in January 2000. The February 2000 trading volume is 48.5 percent higher than the figure posted for the same month of last year.

  • Appointment of Mr KC Kwong As Hong Kong Exchanges And Clearing Limited (HKEC) Chief Executive

    Date 01/03/2000

    The board of the Hong Kong Exchanges and Clearing Limited (HKEC) announced yesterday (Tuesday) the appointment of Mr KWONG Ki-chi as the Chief Executive of the company. Mr Kwong is expected to join HKEC in early March 2000. As required under the Exchanges and Clearing Houses (Merger) Ordinance, HKEC has submitted the appointment to the Securities and Futures Commission for approval.

  • Appointment of Mr Alec Tsui Yiu Wa As Hong Kong Exchanges And Clearing Limited (HKEC) Chief Operating Officer

    Date 01/03/2000

    The board of the Hong Kong Exchanges and Clearing Limited (HKEC) announced today (Wednesday) the appointment of Mr Alec Tsui Yiu Wa as the Chief Operating Officer of the company. Mr Tsui will take up his new appointment on March 6, 2000. The appointment has received approval from the Securities and Futures Commission as required under the Exchanges and Clearing Houses (Merger) Ordinance.

  • Amsterdam Exchanges Introduces New Procedures For Flotations

    Date 01/03/2000

    Amsterdam Exchanges strongly urges investors not to submit market orders for new flotations. It also reserves the right to refuse limit orders for newly floated securities if these orders do not have a realistic limit in view of the issue price and would therefore disrupt the market. As from today Amsterdam Exchanges will also publish details of the BBO and the depth of the market at 8.45 a.m. via the usual channels (e.g. data vendors), regardless of the time when the first quote is expected.

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