News Centre

SEC: Jessica Kane Named Deputy Director In The Office Of Municipal Securities

Date 02/04/2014

The Securities and Exchange Commission today announced that Jessica S. Kane has been named deputy director in its Office of Municipal Securities. 

Venture-Backed IPO Exit Activity Maintains Momentum With Best Quarter For New Listings Since 2000 - Led By Life Science Companies, Fourth Consecutive Quarter For 20+ Offerings - Average M&A Deal Size At Highest Level Since 2004

Date 02/04/2014

Thirty-six venture-backed initial public offerings (IPOs) raised $3.3 billion during the first quarter of 2014, a 50 percent increase, by number of new listings, compared to the previous quarter, according to the Exit Poll report by Thomson Reuters and the National Venture Capital Association (NVCA). This quarter, which marks the fourth consecutive quarter to see 20 or more venture-backed IPOs, is the strongest three-month period for new listings since the third quarter of 2000. For the first quarter of 2014, 105 venture-backed M&A deals were reported, 29 of which had an aggregate deal value of $7.5 billion. This represents a 12 percent increase in disclosed value from the fourth quarter of last year and marks the strongest quarter for M&A disclosed value since the third quarter of 2012. Average deal size during the first quarter totaled $259.2 million, the highest average deal size since the first quarter of 2004.

TMX Group And Zhengzhou Commodity Exchange Sign Memorandum Of Understanding

Date 02/04/2014

Zhengzhou Commodity Exchange (ZCE) and TMX Group today announced the signing of a Memorandum of Understanding (MoU) to enhance their understanding of each others' businesses and to explore the possibilities of cooperation.

Power Trading Results In March 2014 – 33.4 TWh: EPEX SPOT Marks New Monthly Record

Date 02/04/2014

In March 2014, a total volume of 33.4 TWh was traded on EPEX SPOT’s Day-Ahead and Intraday markets (March 2013: 29.5 TWh). This is the best monthly volume recorded on EPEX SPOT’s markets since its creation five years ago and is an increase of 6% compared to the previous record from last December (31.6 TWh). The increase is due to a record volume on the German/Austrian Day-Ahead and solid volumes on the French and Swiss Day-Ahead.

CME Group Volume Averaged 14.1 Million Contracts Per Day In March 2014, Up 13 Percent From March 2013

Date 02/04/2014

• Interest rate volume rose 35 percent
• Eurodollar futures volume increased 47 percent and Eurodollar options volume increased 132 percent
• Agricultural commodities volume rose 12 percent
• First-quarter 2014 volume averaged 13.7 million contracts per day, up 9 percent from first-quarter 2013

Union Investment New User Of EurexOTC Clear - Connected Via Deutsche Bank As Clearing Broker And Using The Individual Clearing Model

Date 02/04/2014

Union Investment, one of the largest German asset managers for private and institutional investors, is a new user of EurexOTC Clear for Interest Rate Swaps (IRS). The company has been connected as an individually segregated client since end of March and has cleared the first transactions using EurexOTC Clear via its clearing member Deutsche Bank. Union Investment is the first major asset manager to have fully concluded onboarding using the German clearing framework agreement. More than 120 further buy-side firms are currently in the connection process to use Eurex Clearing’s OTC service.

CESC Announces Board Change

Date 02/04/2014

China Exchanges Services Company Limited (CESC), a joint venture (JV) of Hong Kong Exchanges and Clearing Limited (HKEx), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) for the development of financial products and related services, is pleased to announce Shi Xiaocheng has joined its Board with effect from today (2 April 2014).

S&P Dow Jones Indices Market Attributes- Index Dashboard: Dispersion

Date 02/04/2014

This month's highlights include:

• Dispersion for U.S. equities indices fell. The S&P 500^® stayed
  within its tightest monthly range since January 2007, many of the worst performing U.S. stocks by March end were those ending February with strongly positive momentum.
• The dispersion of the S&P Europe 350^® also fell and remains low
  for broad Ex-U.S. developed indices. However, in a good month for emerging markets, dispersion increased considerably; now at the highest level for the past two years.

HKEx: Possible Establishment Of Mutual Market Connectivity And Resumption Of Trading

Date 02/04/2014

This announcement is made by Hong Kong Exchanges and Clearing Limited (“HKEx” or the “Company”) pursuant to the provisions under Part XIVA of the Securities and Futures Ordinance (“SFO”) and Rule 13.10 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Listing Rules”).

HKFE Announces Revised Margins For China Merchants Bank, CNOOC And China Telecom Futures

Date 02/04/2014

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Friday, 4 April 2014, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contracts will be as outlined in the table below.  The adjustments are based on the clearing company’s normal procedures and standard margining methodology.