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Securities And Exchange Commission Chairman Harvey L. Pitt Praises Mutual Fund Directors Forum

Date 20/05/2002

Securities and Exchange Commission Chairman Harvey L. Pitt applauded the formal organization of the Mutual Fund Directors Forum, a non-profit corporation dedicated to improving fund governance by offering continuing education and outreach programs to fund directors. Chaired by David S. Ruder, SEC Chairman from 1987-89, the Forum represents a re-organization of the Mutual Fund Directors Education Council, a group formed in 1999 in response to the SEC's call for improved fund governance.
Rise In Baltic Members' Income

Date 20/05/2002

Baltic Exchange shipbroking members' net income rose to £350 million (US$ ½ billion) in 2001, according to a survey conducted by the Exchange in April. This reports an increase on 2000 of 18 per cent.
IPE Introduces New Facilities To Its Options Contracts

Date 20/05/2002

The IPE, Europe's leading energy futures and options exchange, today announced it would introduce several contract enhancements to Brent Crude and Gas Oil options on 27 May 2002. Contract extensions Introduction of EFS facility Reduced strike price increments for Gas Oil options
Instinet Ranked No. 1 Broker For Execution Quality In Trading Both NASDAQ And U.S. Exchange Listed Stocks For 2001

Date 20/05/2002

Instinet Group Incorporated (Nasdaq: INET) today reported that, according to a leading independent evaluator of institutional trading costs, Instinet Corporation ranked first in value-added for both Nasdaq and Listed executions during 2001 when compared to a universe of full service brokerage firms. The rankings are based on information from a Plexus Group comparison survey published in April 2002 that compares execution quality for Instinet to a universe of 12 of the most active full-service br
Instinet FX Cross - Clients To Anonymously Execute Large Currency Orders Throughout The Day

Date 20/05/2002

Instinet Group Incorporated (Instinet, Nasdaq: INET), through affiliates, the largest global electronic agency securities broker, and Citbank N.A. a market leader in foreign exchange, today jointly announced a strategic alliance that will operate The Instinet FX Cross, a foreign exchange crossing service, effective May 14, 2002. The Instinet FX Cross is a currency-crossing product introducing a new way to manage currency trading that will support the execution of large currency transactions anon

CME's Electronically Traded Foreign Exchange Products Set New Daily Volume Record On GLOBEX®

Date 20/05/2002

Electronic trading volume in foreign exchange (FX) products traded on GLOBEX®, the electronic trading platform of Chicago Mercantile Exchange Inc. (CME), set a new single-day volume record of 48,540 contracts on Friday, May 17, surpassing the previous record of 45,022 set on March 7.
Closure Of Kuala Lumpur Stock Exchange - Saturday, 25 May 2002 And Monday, 27 May 2002

Date 20/05/2002

The Kuala Lumpur Stock Exchange (KLSE) wishes to announce that the offices of the KLSE Group will be closed in conjunction with the public holidays for the Birthday of the Prophet Muhammad and Wesak Day on Saturday, 25 May 2002 and Monday, 27 May 2002 respectively. The offices of the KLSE Group will resume operations on Tuesday, 28 May 2002.
CFTC Announces The Appointment Of Dr. James A. Overdahl As Chief Economist

Date 20/05/2002

The Commodity Futures Trading Commission (CFTC) announced today the appointment of Dr. James A. Overdahl as Chief Economist. Under the agency restructuring announced on February 1, 2002, to facilitate the implementation of the Commodity Futures Modernization Act of 2000, the Office of the Chief Economist is an independent office with responsibility for providing expert economic advice to the Commission. Its functions include policy analysis, economic research, expert testimony, education and tra
CFTC And SEC Adopt Final Rules Related To Cash Settlement Procedures And Trading Halts For Security Futures Products

Date 20/05/2002

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) today announced that they approved final rules that set forth certain requirements relating to the trading of security futures products. These rules implement provisions of the Commodity Futures Modernization Act of 2000 (CFMA), which lifted the 19-year ban on the trading of single-stock and narrow-based stock index futures in this country.
CBOT®10-Year Treasury Note Futures Sets New Open Interest Record Surpassing 821,730 Contracts

Date 20/05/2002

The Chicago Board of Trade's (CBOT) 10-Year Treasury Note futures contract reached a new open interest record level of 821,730 contracts on Friday, May 17, 2002.