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  • Instinet FX Cross - Clients To Anonymously Execute Large Currency Orders Throughout The Day

    Date 20/05/2002

    Instinet Group Incorporated (Instinet, Nasdaq: INET), through affiliates, the largest global electronic agency securities broker, and Citbank N.A. a market leader in foreign exchange, today jointly announced a strategic alliance that will operate The Instinet FX Cross, a foreign exchange crossing service, effective May 14, 2002. The Instinet FX Cross is a currency-crossing product introducing a new way to manage currency trading that will support the execution of large currency transactions anon

  • CME's Electronically Traded Foreign Exchange Products Set New Daily Volume Record On GLOBEX®

    Date 20/05/2002

    Electronic trading volume in foreign exchange (FX) products traded on GLOBEX®, the electronic trading platform of Chicago Mercantile Exchange Inc. (CME), set a new single-day volume record of 48,540 contracts on Friday, May 17, surpassing the previous record of 45,022 set on March 7.

  • Closure Of Kuala Lumpur Stock Exchange - Saturday, 25 May 2002 And Monday, 27 May 2002

    Date 20/05/2002

    The Kuala Lumpur Stock Exchange (KLSE) wishes to announce that the offices of the KLSE Group will be closed in conjunction with the public holidays for the Birthday of the Prophet Muhammad and Wesak Day on Saturday, 25 May 2002 and Monday, 27 May 2002 respectively. The offices of the KLSE Group will resume operations on Tuesday, 28 May 2002.

  • CFTC Announces The Appointment Of Dr. James A. Overdahl As Chief Economist

    Date 20/05/2002

    The Commodity Futures Trading Commission (CFTC) announced today the appointment of Dr. James A. Overdahl as Chief Economist. Under the agency restructuring announced on February 1, 2002, to facilitate the implementation of the Commodity Futures Modernization Act of 2000, the Office of the Chief Economist is an independent office with responsibility for providing expert economic advice to the Commission. Its functions include policy analysis, economic research, expert testimony, education and tra

  • CFTC And SEC Adopt Final Rules Related To Cash Settlement Procedures And Trading Halts For Security Futures Products

    Date 20/05/2002

    The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) today announced that they approved final rules that set forth certain requirements relating to the trading of security futures products. These rules implement provisions of the Commodity Futures Modernization Act of 2000 (CFMA), which lifted the 19-year ban on the trading of single-stock and narrow-based stock index futures in this country.