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Speech By SEC Chairman: Securities Offering Reform: Opening Statement Before The SEC Open Meeting

Date 29/06/2005

The first item on our agenda is a recommendation from the Division of Corporation Finance that we adopt changes to improve the communications, offering, and registration processes under the Securities Act. The notion of Securities Act reform goes back many years. The search for the best approach to effective regulation of the offering process is both necessary and continual. As such, the best minds within and outside the Commission have long contemplated the offering process over time
Securities Industry Association: SEC-Approved Rule Changes Will Benefit Investors And Issuers - Modernized Rules Will Streamline, Improve Offering Process

Date 29/06/2005

The Securities Industry Association today termed the Securities and Exchange Commission’s adoption of final rules to update the registration, communications, and offering processes a “major milestone” toward ensuring that regulation keeps pace with changing market conditions and the demands of investors and issuers. In January of this year, SIA endorsed the proposed rules and urged their approval.
Price Rises On The Copenhagen Stock Exchange Result In Smaller Round Lots

Date 29/06/2005

The Copenhagen Stock Exchange reduces the trading lot size for 48 shares, 33 listed investment certificates and 5 investment certificates on the XtraMarked as a consequence of rises in stock prices in the first half of 2005. Four shares and one investment certificate on the main market and the XtraMarket, respectively, will see an increase in the trading lot size. The changes enter into effect on 1 July 2005.
OMX And Orc Software Partner To Deliver New Front Office Trading Platform

Date 29/06/2005

OMX Technology and Orc Software have today signed a Letter of Intent to develop a new front office trading platform that will cover trading of cash and derivatives products on multiple electronic markets. The new product will primarily be directed at brokers using exchange provided terminals.
NYSE Media Statement Regarding Chicago Mercantile Exchange (CME)

Date 29/06/2005

In view of the unusual market activity in Chicago Mercantile Exchange’s stock, the New York Stock Exchange has contacted the company and requested that the company issue a public statement indicating whether there are any corporate developments which may explain the unusual activity.

NASD Fines 20 Firms $1.65 Million For Municipal Trade Reporting Violations - Majority Of Individual Fines Exceed Previous Record For MSRB Trade Reporting Violations

Date 29/06/2005

NASD announced today that it has censured and fined 20 securities firms a total of $1.65 million for late and/or inaccurate reporting of tens of thousands of municipal securities transactions to the Municipal Securities Rulemaking Board (MSRB). NASD is responsible for enforcing MSRB rules.
Kuwait Stock Exchange Trading Report For May 2005

Date 29/06/2005

The index of the Kuwait Stock Exchange reached 8,299.9 points at the end of May, a decrease of 351.3 points from the closing value at the end of April. The weighted index reached 419.06 points at the end of May, a decrease of 25.43 points from the closing value at the end of April.
HKEx Sets Date For Reduction Of Minimum Trading Spreads For Shares Trading Above $30 And Changes In AMS/3 Trading Parameters

Date 29/06/2005

Hong Kong Exchanges and Clearing Limited (HKEx) will reduce minimum trading spreads for shares trading above $30 and change trading parameters of AMS/3, the Third Generation Automatic Order Matching and Execution System, on Monday, 4 July this year. Spreads for shares priced at or below $30 will remain the same.
FTSE Kaigai Index Revised

Date 29/06/2005

FTSE Group (FTSE), the global index provider, today announces a revision of the FTSE Kaigai Index, an international equity index designed by FTSE for Japanese investors, to exclude Advanced Emerging Markets.
Eight IPOs Join NYSE On June 28 And June 29, Raising $3.75 Billion In Proceeds

Date 29/06/2005

Today, four initial public offerings joined the roster of New York Stock Exchange listed companies, raising $1.45 billion in proceeds. Combined with yesterday’s four IPOs at the NYSE, which raised a total of $2.3 billion, eight new NYSE companies raised a total of $3.75 billion in proceeds in two days.