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ICEX News & Views Volume 4 - Issue 11

Date 24/05/2004

This issue discusses information disclosure on executive remuneration and the adoption of IFRS in Iceland.
Euronext.liffe Announces Migration Date For Amsterdam Derivatives

Date 24/05/2004

Euronext.liffe, the derivatives business of Euronext group, announced today that the Amsterdam derivatives market will move from SWITCH to the LIFFE CONNECT® trading platform on Monday 27 September 2004.
Chicago Mercantile Exchange And Reuters Join Forces To Offer Futures Trading

Date 24/05/2004

Chicago Mercantile Exchange, Inc. (CME), the largest U.S. futures exchange, and Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company, today announced a landmark agreement to bring the professional interbank FX market direct futures trading, by offering CME's electronic foreign exchange (eFX) markets to Reuters global customer base in a spot equivalent format. The agreement marks the first major linkage of sell side traders in the interbank FX market to CME eFX futures markets, where
Botswana Stock Exchange Market Commentary

Date 24/05/2004

This week was quite busy with the week’s second most active stock, Sechaba, trading well over a million shares at yet another new record high of P13.00 with only one question unanswered, for how long will investors continue to ride the bandwagon?
Warsaw Stock Exchange Announces An Extraordinary Adjustment In WIG, WIG-PL And WIG-INFO Indices Portfolios

Date 21/05/2004

Following the trading session on May 21, 2004, shares of company TECHMEX (8 369 000 shares) will join WIG, WIG-PL and WIG-INFO indices.

Tokyo International Financial Futures Exchange Trading Starts 15 Minutes Earlier On 28 May 2004

Date 21/05/2004

TIFFE announced the temporary change of trading hours for all contracts on 28 May 2004, responding to the release of a preliminary report on Indices of Industrial Production at 8:50am.
Standard & Poor’s Announces Share Changes In S&P Japan SmallCap 250, S&P Japan MidCap100 And S&P Japan 500 Indices

Date 21/05/2004

Standard & Poor’s will make the following changes in the S&P Japan SmallCap 250, S&P Japan MidCap 100 and S&P Japan 500 Indices effective after the close of trading, Friday May 28th 2004: Dainippon Screen Mfg Co Ltd (Japan, SEDOL: 6251028, GICS: Information Technology, GICS Code: 45203010) a member of the S&P Japan SmallCap 250 and S&P Japan 500 indices, shares will increase by 11,368,056 to 233,368,675 due to the exercise of convertible bonds. Bank of Yokohama Ltd (Japan, SED
Securities Industry Association Research Reports: Size Of Fed Rate Hikes May Prove Less Than Markets Assume

Date 21/05/2004

Inflation, hiring increases, and other signs of economic growth compelled the Federal Reserve to signal recently that its "accommodative" monetary policy may soon end, meaning higher interest rates. The Securities Industry Association's Chief Economist Frank Fernandez cautions in the latest edition of Research Reports that "the magnitude of rate hikes required to contain nascent inflationary pressures might prove to be less than either financial markets are currently assuming or than would be i
SEC Approves Pacific Exhange Demutualization Plan

Date 21/05/2004

The Pacific Exchange announced yesterday that the Securities and Exchange Commission approved its demutualization proposal on Monday, May 17, 2004.
S&P Emerging Markets Database Index Announcement: China_China Telecom Share Increase (Eff. 06/04/2004)

Date 21/05/2004

S&P/EMDB will increase the number of shares outstanding for China Telecom Corp Ltd. (EMDB Code 520143.1 / SEDOL 6559335), a constituent of the S&P/IFCI and S&P/IFCG China Indices, by 5850 million via a new issue effective June 4, 2004, following the company’s recent offering of H class of shares. The IWF of the stock will remain 1.0. If the above share increase had occurred on May 20, 2004, the weight of China Telecom in the S&P/IFCI China Index would have increased to 6.05% from 3.59%.