Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

News Centre

  • Australian Stock Exchange Ltd ("ASX") and Sydney Futures Exchange Ltd ("SFE") sign Heads of Agreement for Merger Proposal

    Date 01/05/1999

    The Australian Stock Exchange Ltd (ASX) and the Sydney Futures Exchange Ltd (SFE) have signed a non-binding Heads of Agreement to facilitate the next stage of the proposed merger of the two entities. Following the unanimous approval of the ASX and SFE Boards, the parties have signed a heads of agreement reflecting in principle agreement on the key commercial, structural and integration issues in relation to the proposed merger. The aim of the merger is to enhance Australia's securities and deriv

  • ASX Third Party Clearing Flexibility

    Date 01/05/1999

    Changes to the rules of the Australian Stock Exchange (ASX) have been made to allow third party clearing (3PC) in ASX equities and derivatives markets from Monday, 3 May 1999. Third party clearing is designed to increase flexibility and choice by participants (brokers) in ASX markets. It provides brokers with the ability the avoid substantial fixed costs and balance sheet pressures involved in clearing their own trades. It also paves the way for some market participants to become specialised tr

  • NYMEX to Change Eastern Electricity Margin Rates

    Date 30/04/1999

    The New York Mercantile Exchange will raise the initial margins for the June, July, and August 1999 Cinergy, Entergy, and Pennsylvania/New Jersey/Maryland (PJM) electricity futures contracts as of the close of business on Monday, May 3, 1999.

  • NYMEX Natural Gas Futures Set Electronic Trading Volume Record

    Date 30/04/1999

    Henry Hub natural gas futures set a record on Wednesday night on the New York Mercantile Exchange ACCESS(SM) electronic trading system when 12,530 contracts were traded, surpassing the previous record of 11,095 contracts, traded during the December 3, 1998, session.

  • LIFFE To File Request for No-Action Relief from the U.S. Commodity Futures Trading Commission for placing its screens in the U.S.

    Date 30/04/1999

    Brian Williamson, LIFFE's Chairman announced at the Euromoney Conference on EMU in New York that LIFFE will file a request for No-Action Relief from the U.S. Commodity Futures Trading Commission (CFTC). Brian Williamson said : "Having consulted with many of the most prominent American financial institutions, there is a clear demand to trade LIFFE's dominant euro money market products efficiently and on equal terms with European institutions. The only impediment to providing direct access to LIF

  • New Financing Opportunities for Emerging-Growth Companies on the Swiss Exchange SWX

    Date 29/04/1999

    The Swiss Exchange SWX has laid the groundwork for enabling young, rapidly-growing companies to raise capital in the Swiss equities market. The SWX Admission Board approved on 23 April a draft of the corresponding rules and regulations. Only the approval of the Swiss Federal Banking Commission (EBK) needs still to be obtained. It is expected that the Supplementary Listing Regulations will already take effect by summer of this year. SWX and introducing banks have already established contact with

  • CME Lean Hog Futures Top 50,000 Open Interest

    Date 29/04/1999

    Open interest in lean hog futures traded on the Chicago Mercantile Exchange (CME) rose to record levels at the close of trading on April 28. The 51,844 open futures positions marked the first time open interest in lean hogs has surpassed the 50,000 mark.

  • CBOT, CME and BOTCC Announce May 28 Start Date For Cross-Margining And Common Banking

    Date 28/04/1999

    The Board of Trade Clearing Corporation (BOTCC), the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME) have set May 28 as the start date for the recently completed cross-margining and common banking agreements. The cross-margining agreement will provide for reductions of potentially millions of dollars in margin or performance bond requirements for clearing member firms trading correlated interest rate futures and options at both exchanges. The program will comprehensively

  • TASE to begin testing of new derivatives trading system

    Date 26/04/1999

    Preparations for computerized trading in derivatives, scheduled tobegin on October 17 1999, are well underway. Software programs for derivatives trading are now at the final stages of development, and TASE's Computers and Operations department will commence internal testing of the systems within the coming weeks. Installation of the new computer equipment has been completed and comprehensive system testing with all stock exchange members are planned for early June.

  • The NASD and the Philadelphia Stock Exchange Terminate Merger Discussions

    Date 23/04/1999

    The National Association of Securities Dealers, Inc. (NASD®), and the Philadelphia Stock Exchange (PHLX) have announced that they have ended discussions concerning a possible combination. Under the proposed combination, the options business of the Philadelphia Stock Exchange would have been incorporated into the American Stock Exchange® (Amex ®) options market while the PHLX equities business would have continued as a separate market and subsidiary of the Amex.