News Centre

HKEx Announces Temporary Holiday Risk Management Arrangements

Date 12/12/2011

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

Improved Monitoring And Reporting On Financial Instruments Related To EU Cchesion Policy

Date 12/12/2011

The European Commission welcomes the approval today by the EU Member States to improve the monitoring and reporting on financial instruments available under cohesion policy like guarantee schemes to finance the start up of new small companies. This will mean that Member States will have to report once a year on progress made in financing and implementing these instruments. Such reporting will allow the Commission to better assess the overall performance of financial instruments across Member States. Together with additional information to be presented with each statement of expenditure, the Commission will be able to produce accurate and comprehensive accounts, which give a true image of the Union's assets and of the actual budgetary implementation.

FTSE Announces New Ownership Structure

Date 12/12/2011

FTSE International Limited (‘FTSE”) today announces a change to its current joint-venture ownership structure, with the London Stock Exchange Group  (“London Stock Exchange Group”) announcing it has signed a definitive agreement to acquire the 50 per cent stake in FTSE International Limited, from Pearson, that the London Stock Exchange Group does not already own.

QuantHouse Offers Direct Low Latency Access To SIX Swiss Exchange

Date 12/12/2011

QuantHouse, the leading provider of next generation trading solutions, has extended its QuantLINK proprietary fibre optic network into the Zurich-based SIX Swiss Exchange.

European Commission: The Council Increases Co-Financing Rates For EU Funds To Counter Crisis

Date 12/12/2011

The Council today adopted¹  a regulation providing for a temporary  increase of EU co-financing rates from structural funds and the cohesion fund for member states under financial difficulties (66/11 + 18038/11 ADD 2 REV 1). This follows a first-reading agreement with the European Parliament. The main objective of the new rules is to facilitate the use of funding from the EU cohesion policy and to alleviate herewith the impact of the financial crisis on the real economy, the labour market and citizens.

Exchange Council Appoints Peter Reitz To The Management Board Of The Exchange - French Futures Switched To Financial Settlement – Report On EUA Primary Market Auction – Election Committee Appointed

Date 12/12/2011

In the meeting of the Exchange Council of the European Energy Exchange (EEX) chaired by Dr. Günther Rabensteiner, Verbund AG, in Vienna on 1 December 2011, Peter Reitz was appointed a further Managing Director of the Exchange. In August of this year, Peter Reitz was appointed the Chief Executive Officer of EEX AG and European Commodity Clearing AG (ECC). As a result, the exchange is now represented by two managing directors again. In addition to Peter Reitz, Oliver Maibaum represents EEX as Managing Director Exchange. He has held this office since 2004 and was confirmed in office by the Exchange Council in 2009.

Dubai Gold & Commodities Exchange Monthly Newsletter - December 2011

Date 12/12/2011

Egyptian Financial Supervisory Authority Certifies Criteria For The Companies Eligible For Margin Trading, Short Selling And Intra-day Trading

Date 12/12/2011

EFSA certified the following criteria for the companies eligible for Margin Trading, Short Selling and Intra-day Trading activities, according to Article 293 of the Executive Regulation of Law no. 95 of 1992.

MICEX-RTS And OECD Sign Agreement To Strengthen Corporate Governance In Russia

Date 12/12/2011

On December 12 MICEX-RTS and the Organization for Economic Co-operation and Development (OECD) signed an agreement that will strengthen corporate governance in Russia through a program called the OECD-Russia Corporate Governance Roundtable. The signing ceremony took place at the Russian Ministry of Economic Development as part of OECD Secretary-General Angel Gurría’s visit to Moscow.

London Stock Exchange Group Plc To Acquire Outstanding 50 Per Cent Of FTSE International Limited

Date 12/12/2011

• 50 per cent stake of FTSE to be acquired for £450 million, giving LSEG 100 per cent  ownership and strategic control
• FTSE is a leading, high growth global index business with a powerful international brand and reach
• Transaction facilitates accelerated global expansion and growth
• LSEG’s business further diversified into indices, data and analytics, as well as into new geographies, in line with stated strategy
• Governance and independence of FTSE index products to be maintained
• Cost synergies of £10 million p.a. and gross revenue synergies of £18 million p.a. by the end of year 3; immediately earnings enhancing
• Funded from existing resources; commitments received for new £350 million bank facilities to maintain financial flexibility (subject to final documentation)
• Closing is subject to customary conditions and is expected by Q1 2012