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  • Singapore Exchange Ltd Admits New Members

    Date 24/10/2000

    Singapore Exchange Ltd (SGX) today announced the admission of seven new members to its securities and derivatives markets.

  • IRS Gives Nymex Favorable Private Letter Ruling On Demutualization Transaction

    Date 24/10/2000

    The Internal Revenue Service yesterday gave the New York Mercantile Exchange a favorable private letter ruling notifying the Exchange that there would be no tax consequences to it or any of its members as a result of its demutualization.

  • Copenhagen Stock Exchange: The KFX Reaches All-Time High

    Date 24/10/2000

    Today, the KFX Index set a new record - the 37th high of the year. The KFX Index closed the day at 354.08 – 61.7 per cent higher than the corresponding day last year. The previous high of 353.82 was reached on 6 October 2000.

  • CME Expects Favorable IRS Tax Ruling Very Shortly

    Date 24/10/2000

    October 24, 2000 To All Members: We are very pleased to report that we expect to receive a favorable tax ruling from the Internal Revenue Service (IRS) very shortly. The ruling, which is in the final stages of preparation, will confirm that the conversion of memberships into shares of a for-profit corporation will qualify for tax-free treatment.

  • Broadcom Corporation, Inc. To Join The Nasdaq-100 Index Beginning October 30, 2000

    Date 24/10/2000

    Broadcom Corporation (Nasdaq:BRCM), of Irvine, California, will become a component of the Nasdaq-100 Index®, effective at the beginning of trading Monday, October 30, 2000. Class A Shares of Broadcom will also be included in the Nasdaq-100 Index Tracking StockSM (Amex:QQQ). Broadcom will replace Lycos, Inc. (LCOS), which is being acquired by Terra Networks, S.A. (Nasdaq:TRRA).