Mondo Visione Worldwide Financial Markets Intelligence

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  • Montreal Exchange Satisfied

    Date 07/05/1999

    Senior management at the Montreal Exchange has learned about the reports from the Advisory Committee to the Québec's Deputy Premier and Minister of State for the Economy and Finance, Mr. Bernard Landry, regarding the proposed specialisation of the Canadian exchanges and says it is pleased to see that overall, the proposal has received enthusiastic support. It plans to carefully analyse each of the recommendations put forward in these reports.

  • LIFFE trades GBP192bn Per Day In April 1999

    Date 07/05/1999

    The nominal value of contracts traded on the London International Financial Futures and Options Exchange (LIFFE) averaged GBP192 billion daily during April 1999, down 14% on March 1999. Total outstanding business in all Euro money market contracts at the end of April exceeded 2,300 billion.

  • CME To Reduce By Half Minimum Price Increment On GSCI®

    Date 07/05/1999

    The Chicago Mercantile Exchange (CME) announced plans to cut in half the minimum price movement on Goldman Sachs Commodity Index (GSCI®) futures and options contracts, effective Tuesday, May 18. The change is designed to enhance contract efficiency and has been approved by the CME Board of Directors and the Commodity Futures Trading Commission. The minimum price fluctuation will now be 0.05 index points, or USD12.50 per tick, half the previous level of 0.10 index points, or USD25 per tick.

  • CME Board Approves Net Margining For Clearing Firms

    Date 07/05/1999

    In the continuing implementation of its strategic planning initiatives announced last fall, the Chicago Mercantile Exchange (CME) Board of Directors has approved a measure to change margin requirements for the house accounts of clearing member firms from a gross margin to a net margin basis, beginning this month. Under the net margining program all "house origin" accounts of the clearing firm - including its proprietary positions and the accounts of its affiliates, employees and directors - wil

  • CME Appoints Rahm Emanuel to Board

    Date 07/05/1999

    The Chicago Mercantile Exchange (CME) has appointed Rahm Emanuel to a two-year term on the CME Board of Directors. Emanuel, Managing Director of the investment banking firm Wasserstein Perella & Co., Inc., had served as Senior Adviser to the President for Policy and Strategy in the Clinton Administration. "As a close adviser to the President during the most extensive economic expansion in U.S. history, Rahm Emanuel has demonstrated an understanding of financial, strategic and global issues that

  • Cantor Fitzgerald International New Member of MONEP

    Date 07/05/1999

    The Paris branch of Cantor Fitzgerald International has become a member of MONEP with the status of Broker dealer on index futures and options. This new membership brings the total number of MONEP members to 114 compared to 87 in April 1998.

  • Botswana Stock Exchange Weekly Market Commentary

    Date 07/05/1999

    The market rose 2.6% during the week to close at 971.83. Liquidity appears to be returning to the Botswana Stock Exchange as foreign interest in the listed stocks has picked up dramatically in the last few weeks, in particular interest appears to be focused on heavyweight Sechaba which is trading on a 10.5x historic PER and 8.4% dividend yield. The stock goes ex-dividend at the end of next week.

  • Over 17 million contracts traded on French derivatives markets in April, Matif strengthens its lead as the top electronic market for 3-month Euribor contract

    Date 06/05/1999

    April figures show a total 17,516,199 contracts changed hands on French derivatives markets Matif and Monep, a rise of nearly 7% on March. Open interest was up across the entire line of derivative products. Gross open interest in the Euro Notional contract rose 11.8% on March to total 217,562 lots at the end of the month. April was the first month of trading in only multi-issuer contracts based on both French and German government issues. With short-term rates showing low volatility, trading in

  • Johannesburg Stock Exchange To Be Closed for Business on 30 and 31 December 1999

    Date 06/05/1999

    After due consideration, the JSE Main Committee has decided that the JSE will be closed for business on 30 and 31 December 1999. 29 December 1999 will thus be the last day for the dissemination of trading information to the public and vendors during 1999. This information will therefore appear in the media on 30 December 1999. Key JSE personnel will be at work on 30 and 31 December 1999 in order to assist in the orderly transition of JSE systems to the year 2000.

  • CBOT'S April Volume at 19,570,395 Contracts

    Date 06/05/1999

    The Chicago Board of Trade (CBOT), the world's leading futures and options exchange, announced today trading volume of 19,570,395 contracts for April 1999. April Highlights Included: CBOT volume reached more than one million contracts per day on 6 of the 22 trading days in April; CBOT average daily volume: 889,563 contracts; Project A® monthly total: 855,837; Project A average daily volume: 38,902 contracts