News Centre

Misys Appoints New Head Of Southern Europe - Armin Holst Rejoins Misys From Temenos To Lead Regional Sales Effort

Date 12/06/2013

Following the growth of its European software licence revenue by around 40% in the last year, Misys is announcing the appointment of Armin Holst as the new Regional Sales Director for its Southern Europe region, which includes Germany and Switzerland.

SGX Proposes Circuit Breakers For Securities Market

Date 12/06/2013

Singapore Exchange (SGX) is consulting the public on proposed circuit breakers for the securities market.

FESE Calls For Deletion Of Equity OTFs

Date 12/06/2013

Today, the European Council will seek to finalise its position on the revision of MiFID I (Markets in Financial Instruments Directive). This Directive, which was adopted in 2004, changed Europe’s trading landscape by increasing the competition between trading venues. However, MiFID I also led to increased market fragmentation and complexity for investors and companies. One of the most contentious issues that the Council will discuss is whether Europe needs yet another type of trading venue: Organised Trading Facilities (OTFs). The Commission initially proposed to introduce OTFs to capture banks’ internal crossing systems (Broker Crossing Networks ‐ BCNs) that currently operate outside MiFID on an Over‐the‐Counter (OTC) basis. BCNs are private clubs open for business to only a limited number of investors. They allow the operator to trade at discretionary prices. The latest changes proposed to the OTF category at the Council seek to further facilitate the business of these trading venues.

Thai Bourse Market Report For May 2013

Date 12/06/2013

• Daily average trading volume up 76.84 percent year-on-year to THB 58.57 billion (approx. USD 1.95 billion)
• Market cap of SET was THB 13.43 trillion (approx. USD 447.74 billion), down 1.59 percent from April 2013
• Derivatives trading volume up 40.94 percent year-on-year to 71,082 contracts per day

London Stock Exchange Group Plc - Changes To Board Of Directors Of London Stock Exchange Group Plc

Date 12/06/2013

London Stock Exchange Group plc (LSEG) today announces that Stephen O'Connor and Stuart Lewis will join the LSEG Board as Non-Executive Directors with immediate effect. Janet Cohen, Sergio Ermotti and Gay Huey Evans will step down from the Board following the Group's Annual General Meeting on 18 July, at which confirmations of the new appointments will be sought.

Social Media Sentiment Proven To Generate Alpha - Data And Analytics Firm, Knowsis, First To Demonstrate Statistical Significance Of Sentiment Data On Trading Strategies

Date 12/06/2013

Knowsis is the first service provider that can prove analytics, based on listening into social media, actually works. Rigorous testing by the data and analytics firm has established that a trading strategy utilising social media sentiment data significantly outperforms one that does not. The results have been corroborated by a number of leading quantitative funds. It is the first time proof of this kind has been provided in a real trading environment.

Cofunds Routing Orders Through Euroclear’s EMX

Date 12/06/2013

Cofunds is linking to Euroclear’s EMX Message System for further electronic fund transaction order routing, enabling Cofunds to reach 95% straight-through processing with the fund managers it interacts.

JSE Launches Online Virtual Trading Game

Date 12/06/2013

In a bid to inspire ordinary South Africans to trade on the exchange, the Johannesburg Stock Exchange (JSE) has launched the first JSE Virtual Trading Game - an online trading competition which simulates a real trading environment and allows participants a risk-free opportunity to trade shares.

EEX Expands Access To Its Markets Via FFastFill’s Network

Date 12/06/2013

The European Energy Exchange (EEX) and FFastFill have signed an agreement enabling market participants to access the EEX product suite through the software provider’s multi-broker network “Horizon” and its Software as a Service trading platform “Trading Pro”.

TMX Atrium Expands Alternative Asset Class Community Through SuperDerivatives Connection

Date 12/06/2013

TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced the connection of SuperDerivatives to NASDAQ OMX’s London-based trading venue, NLX.