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Malawi Stock Exchange Weekly Report - 14th October, 2011

Date 14/10/2011

Click here to download the Malawi Stock Exchange weekly report for the week ending 14th October, 2011.

RTS-MICEX: Functioning Of The Exchange During January Holidays

Date 14/10/2011

On 10 October the Russian authorities made the irrevocable decision on functioning of the Russian banking system during the New Year holidays in January 2012. The decision was made in order to ensure settlement processes after the trading sessions take place on the exchange during this period. The issue of on-exchange trading during the public holidays in Russia, i.e. from January 3rd to January 10th, 2012 except for on January 7th and 8th, is being under preliminary study at the moment. The members of the user committees of RTS and MICEX discussed this initiative and the National Securities Market Association, Russian National Association of Securities Market Participants and Association of Russian Banks supported it.

Record 2011 OTC Freight Volumes For LCH.Clearnet In September

Date 14/10/2011

September was a record month for over-the-counter (OTC) dry bulk freight trades in 2011. LCH.Clearnet Limited’s (LCH.Clearnet) market leading freight clearing service cleared a total number of 86,000 lots. So far this year, monthly volumes have averaged at approximately 71,000 lots and open interest now stands in excess of 285,000 lots.

MCX Weekly Market Report October 07, 2011 - October 14, 2011

Date 14/10/2011

Standard & Poor's: Long-Term Rating On Spain Lowered To 'AA-' On Economic Growth And Banking Sector Risks; Outlook Negative

Date 14/10/2011

• Despite signs of resilience in economic performance during 2011, we see heightened risks to Spain's growth prospects due to high unemployment, tighter financial conditions, the still high level of private sector debt, and the likely economic slowdown in Spain's main trading partners.
• The financial profile of the Spanish banking system will, in our opinion, weaken further, with the stock of problematic assets rising further, as highlighted by the recent revision in our Banking Industry Country Risk Assessment on Spain to Group 4 from Group 3. 
• As a consequence, we are lowering our long-term sovereign credit ratings on Spain to 'AA-' from 'AA'.
• The outlook on the long-term rating is negative.

ASIC Grants Class Waiver Relief To ASX 24 Market Participants

Date 14/10/2011

ASIC has today issued class waiver relief to allow market participants of the ASX 24 Market to insert a limitation of liability (LOL) clause in their client agreements with trustees, subject to certain conditions. 

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 13/10/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, October 14, 2011:

• The Toronto Stock Exchange has announced today in the Daily Bulletin that the shares of Exploration Orbite V.S.P.A. Inc. (TSXVN:ORT.A) will graduate to trade on TSX at the open of trading on Monday, October 17, 2011. The new name of the company will be Orbite Aluminae Inc. The ticker symbol will be "ORT" and the CUSIP number will be 68558C 10 6. According to index methodology, Orbite Aluminae will remain a constituent of the S&P/TSX Venture 30 Index until the next index review after the end of January, 2012. The company will be removed from the S&P/TSX Venture Composite and Venture Select Indices after the close of trading on Friday, October 14, 2011.

SEC Sanctions Direct Edge Electronic Exchanges And Orders Remedial Measures To Strengthen Systems And Controls

Date 13/10/2011

The Securities and Exchange Commission today sanctioned two electronic stock exchanges and a broker-dealer owned by Direct Edge Holdings LLC for violations of U.S. securities laws arising out of weak internal controls that resulted in millions of dollars in trading losses and a systems outage.

Standard & Poor's Announces Changes In The S&P/TSX SmallCap Index

Date 13/10/2011

Standard & Poor's will make the following changes in the S&P/TSX SmallCap Index after the close of trading on Thursday, October 20, 2011:

The shareholders of Zarlink Semiconductor Inc. (TSX:ZL) have accepted the $CDN3.98 cash per share offer from Microsemi Corporation (NASDAQ:MSCC). Zarlink will be removed from the S&P/TSX SmallCap and Equity SmallCap Indices after the close of Thursday, October 20, 2011.

Direct Edge Statement Regarding SEC Proceeding

Date 13/10/2011

Direct Edge Holdings (Direct Edge) today issued the following statement in response to the U.S. Securities and Exchange Commission’s (SEC) censure of the EDGA Exchange, Inc. and EDGX Exchange, Inc. in conjunction with the settlement of an administrative proceeding to resolve issues in connection with two separate systems incidents.