News Centre

SIBEX Releases "A Positive Proposal" Video Outlining The Development Plans Created By Patrick L Young Following His Incoming CEO Strategic Review

Date 03/05/2011

SIBEX has released "A Positive Proposal" video outlining the development plans created by Patrick L Young following his incoming CEO Strategic Review.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 03/05/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Tuesday, May 3, 2011:

• Curis Resources Ltd. (TSXVN:CUV) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol.

CFTC Chairman Gensler - Testimony Before The US Senate Committee On Appropriations; Financial Services And General Government Subcommittee

Date 03/05/2011

CFTC Chairman Gary Gensler to testify before the US Senate Committee on Appropriations, Financial Services and General Government Subcommittee

Financial Industry Trade Associations Coalition Releases Framework For A Global Legal Entity Identifier System

Date 03/05/2011

A coalition of financial-services trade associations (the “Trade Associations”)  today released a comprehensive set of requirements for establishing a legal entity identifier (LEI) system to aid regulators and industry in monitoring systemic risk.  The Trade Associations note that the requirements document released today is meant to be an evolving solution that will be refined as others participate in the discussion on the topic.  The requirements document can be found here: www.sifma.org/Legal-Entity-Identifier/Resources.

NSX Releases April 2011 ETF/ETN Data Reports - New Records Set

Date 03/05/2011

National Stock Exchange, Inc. (NSX®) announced that assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) continue to reach record levels, totaling approximately $1.14 trillion at April 2011 month-end, an increase of approximately 34% over April 2010 month-end when assets totaled almost $847 billion.  At the end of April 2011, the number of listed products surpassed 1200 for the first time, totaling 1,216 compared to 998 listed products at the same time last year. 

OneChicago Reports April Volume - 49% Of Month End Open Interest Was In OCX.NoDiv Products

Date 03/05/2011

OneChicago, LLC (OCX), an equity finance exchange trading security futures, today reported that 331,209 security futures contracts traded at the exchange in April 2011.

TMX Group – Consolidated Trading Statistics April 2011- Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, NGX

Date 03/05/2011

TMX Group Inc. today announced April 2011 trading statistics for its diversified group of exchanges - Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange and Natural Gas Exchange (NGX).

EU Financial System Still Weighed Down By Risk - European Parliament

Date 03/05/2011

The risk burden still threatens Europe's financial stability, and the crisis aftermath will last many years, the two vice chairs of the EU's new financial risk watchdog warned the Economic and Monetary Affairs Committee on Monday. Mervyn King and Andrea Enria repeatedly called for the EP's support when pushing through difficult reforms, particularly in better times when the financial sector would lobby fiercely against regulation.

Trading Volume On The Spanish Exchange Reached €81.74 Bn In April On 3.5 Million Trades - Monthly Trading Statements For BME Markets

Date 03/05/2011

•  Between January and April trading in Equities on the Spanish Stock market amounted to €328.73bn, similar to the figure for the same period last year
• The number of trades to the end of April reached 16.5 million, up 28.7%  from the same period a year earlier
• Trading in Futures on Stocks in April was double relative to 2010
• The volume of warrants and certificates from January to April was up 23.5% year-on-year
• Corporate Debt trading in April reached €344.38 bn, up 68.7% year on year

TOM - The Order Machine: Negotiated Order Flow: Good News And Bad News

Date 03/05/2011

The recently announced initiative by Euronext ("Negotiated Order Flow") where retail orders will go through the systems of Euronext, but are traded outside the central order book, is both good and bad news.Let’s start with the good news. Finally Euronext also acknowledges that the costs of trading retail orders are too high. It is difficult to ignore the fact that almost 40% of their business is lost to alternative exchanges. This new initiative can indeed save transaction costs for retail brokers and that is the good news.