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Hearing At The Committee On Economic And Monetary Affairs Of The European Parliament - Introductory Statement By Jürgen Stark, Member Of The Executive Board Of The ECB, Brussels, 17 October 2011

Date 17/10/2011

Dear Madam Chair,

Dear Honourable Members,

It is a pleasure to be here today and share with you my thoughts on Economic Governance. This public hearing comes at a right time: important decisions have been taken, but major reforms are still crucially needed. I will therefore address, in turn, the three suggested issues for discussion: the implementation of the economic governance package, the longer term reforms in the economic governance framework and the question of Eurobonds.

CME Group Announces Open Interest In Power Contracts Reaches One Billion Megawatt Hours

Date 17/10/2011

CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached an open interest record for its power contracts. At the close of trading Friday, open interest in CME Group power contracts reached 1,001,362,363 Megawatt hours (MWh), breaking the billion MWh threshold for the first time ever. CME Group power contracts are listed with, and subject to, the rules of the New York Mercantile Exchange (NYMEX).

Federal Reserve Board Approves Final Rule Implementing The Resolution Plan Requirement Of The Dodd-Frank Act

Date 17/10/2011

The Federal Reserve Board on Monday announced the approval of a final rule to implement the resolution plan requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

ICE Announces November 7 Launch Of 29 New Energy Contracts

Date 17/10/2011

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 22 new cleared OTC contracts for global refined petroleum products, North American power and North American natural gas. ICE also announced the introduction on ICE Futures Europe of single-expiry coal options, as well as Dutch TTF Natural Gas options.

Deutsche Börse: Two New SPDR Equity Index ETFs Launched On Xetra - Both ETFs Focus On High Dividend Yields

Date 17/10/2011

Two further exchange-listed equity index funds issued by SPDR (State Street Global Advisors) have been tradable on Xetra® since Monday. The new ETFs have a focus on companies with high dividend yields, one concentrating on the USA and the other on emerging markets.

Hong Kong Monetary Authority And Hong Kong's Securities And Futures Commission: Consultation Begins On Proposed Regulatory Regime For OTC Derivatives Market

Date 17/10/2011

The Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) have issued a joint consultation paper on the proposed regulatory regime for Hong Kong’s over-the-counter (OTC) derivatives market. 

ReMATCH Introduces New Service To Eliminate Quanto Credit Default Swap Risk

Date 17/10/2011

ReMATCH, the CDS portfolio rebalancing and market risk mitigation service, announced today that it has introduced a new service to help its customers reduce their exposure to Quanto CDS risk. The service, launched in September, has eliminated over $15billion of Quanto CDS risk for customers in its first three sessions.

LME Launches New December Prompt Dates For Official Prices

Date 17/10/2011

The London Metal Exchange (LME) today extends its range of published Official Prices to include forward December prompt dates, which will replace the 15- and 27-month forward prompts.

Hong Kong Exchanges and Clearing Limited (HKEx) and Kazakhstan’s Eurasian Trading System Commodity Exchange Joint Stock Company (ETS) Sign MOU

Date 17/10/2011

Hong Kong Exchanges and Clearing Limited (HKEx) and Kazakhstan’s Eurasian Trading System Commodity Exchange Joint Stock Company (ETS) today (Monday) signed a Memorandum of Understanding (MOU) on cooperation and the exchange of information.

First Quarter Financial Year Ended 30 September 2011 (1Q FY2012) - Singapore Exchange Reports $88 Million Profit

Date 17/10/2011

• Revenue: Up 12% to $178 million ($159 million in 1Q FY2011)
• EBITDA: Up 15% to $115 million ($100 million) and Net Profit: $88 million ($74 million)
• Earnings per share: Up 18% to 8.2 cents (7.0 cents)
• Interim Dividend per share: 4 cents (4 cents)