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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).
The Stock Exchange Of Hong Kong: Acceptance Of International Accounting Standards (IAS) And Generally Accepted Accounting Principles In The United States Of America (US GAAP)

Date 23/10/2000

The Stock Exchange of Hong Kong (The Exchange) proposes to amend the Exchange Listing Rules of the Main Board:- to allow listed issuers and listing applicants, which have or are to have a primary listing on the Exchange, to adopt IAS; and to allow overseas-incorporated listed issuers and listing applicants, which have or are to have a secondary listing on the Exchange, to adopt US GAAP.

SWX And Tradepoint Sign Cooperation Agreement

Date 23/10/2000

On 20 October 2000, the SWX Swiss Exchange, Tradepoint and the Tradepoint consortium signed in Zurich the set of agreements that will result in the creation of virt-x, the first pan-European blue-chip stock exchange. The new orientation of Tradepoint requires that approval be granted at the extraordinary general meeting of Tradepoint shareholders to be held in mid-November.
SFE Shares To List On Austock Market

Date 23/10/2000

Shares in the Sydney Futures Exchange (SFE) will be listed for trading on the Austock-conducted exempt market on Wednesday, 1 November 2000.
Euronext Launches New European Equity Options

Date 23/10/2000

Euronext expands its range of equity options, adding 11 European companies for trading in Paris. All are components of the Dow Jones Euro STOXX 50SM index.
Botswana Stock Exchange Market Commentary

Date 23/10/2000

The market kept shape reasonably well after last week's fallout to record a 0.2% gain for the week on good volumes from all the major counters.
Ariba, Inc., Inc. To Join The Nasdaq-100 Index Beginning October 27, 2000

Date 23/10/2000

Ariba, Inc. (Nasdaq:ARBA), of Mountain View, California, will become a component of the Nasdaq-100 Index®, effective at the beginning of trading Friday, October 27, 2000. Shares of Ariba will also be included in the Nasdaq-100 Index Tracking StockSM (Amex:QQQ). Ariba will replace NTL Incorporated (NTLI), which is delisting from The Nasdaq Stock Market®.