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NYMEX To Increase Margins On Crude Oil And Petroleum Product Contracts

Date 23/09/1999

The New York Mercantile Exchange will increase the margins on its crude oil, unleaded gasoline, and heating oil futures contracts as of the close of business today to $1,500 from $1,200 for clearing members; to $1,650 from $1,320 for members; and to $2,025 from $1,620 for customers.
NYMEX To Decrease Margins On Eastern Electricity Futures

Date 23/09/1999

The New York Mercantile Exchange will lower the margins on its Cinergy, Entergy, and Pennsylvania/New Jersey/Maryland electricity futures contracts as of the close of business today to $2,000 from $3,000 for clearing members; to $2,200 from $3,300 for member customers; and to $2,700 from $4,050 for customers.
ICICI Becomes First Indian Company To List On NYSE

Date 23/09/1999

The shares of ICICI, a leading Indian financial services company, began trading today on the New York Stock Exchange as American Depositary Receipts. ICICI is the first Indian company and the first non-Japanese Asian bank/financial-services company to list on the Exchange.
European Stock Exchanges Agree Market Model - Electronic Market Of Markets For European Blue Chips By November 2000

Date 23/09/1999

In Brussels today the CEOs of the eight European exchanges (Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris, Swiss Exchange) agreed on the basis for trading in European blue-chip markets: The CEOs of the Alliance exchanges signed off a common market model for the most liquid European securities with common functionality, supported by harmonised rulebooks. They also agreed on one electronic interface. The market model and interface will be implemented by November 2000.
CBOT Testimony Says Futures Regulation Is Out Of Step With Reality,Calls New Laws That Provide Fairness And Clarity

Date 23/09/1999

The antiquated laws governing U.S. futures trading threaten the competitiveness of U.S. markets and must be changed, the Chicago Board of Trade said today in testimony before the U.S. Senate Agriculture Committee.

Establishment Of A Stock Market Section For Emerging Companies On The Tokyo Stock Exchange (Proposal)- Mothers (Market For The High-Growth And Emerging Stocks)

Date 22/09/1999

In order to revitalize the Japanese economy, it is essential to promote new industries that will play a major role for the coming generation. Adequate funds need to be allocated to such emerging companies through appropriate functioning of the securities market.
Closure Of Simex's MSCI Taiwan Market

Date 22/09/1999

SIMEX announced today that its MSCI Taiwan stock index futures and options market is closed for the day in view of the continuing closure of the underlying Taiwan stock market.
ASX Welcomes The Government's Business Tax Reforms

Date 22/09/1999

The Australian Stock Exchange ("ASX") welcomes the Government's recommendations for tax reform which respond to the Review of Business Taxation.
Sao Paulo Stock Exchange After-Market

Date 21/09/1999

The São Paulo Stock Exchange recently launched the After-Market - trading after regular trading hours. The objective of this new trading session is to expand business opportunities by offering investors a more flexible time schedule and increased convenience. The After-Market's hours for cash market trading exclusively via BOVESPA'S electronic trading system run from 6:00 pm to 10:00 pm.
New York Mercantile Exchange Names Two New Vice Presidents

Date 21/09/1999

The New York Mercantile Exchange board of director recently promoted Richard Jacobi to vice president of market data services and Arthur McCoy to vice president of financial surveillance.