Shanghai Stock Exchange Dividend Series Indices To Be Launched
June 28, 2012--To further enhance the SSE index family as well as to provide new analysis tools and underlying instruments for investors, SSE and CSI together announced that 5 dividend indices to be launched on July 20, 2012, including the SSE180 dividend index, SSE380 dividend index,
SSE State-owned Enterprises Dividend Index, SSE Central State-owned Enterprises Dividend Index and SSE Private-owned Enterprises Dividend Index. Regarding the methodology and more details of the above indices, please refer to the official website of SSE ( www.sse.com.cn ) and the official website of CSI (www.csindex.com.cn) respectively.
Source: WFE
12-143MR ASIC consults further on key market structure reforms
June 28, 2012--ASIC today published a consultation paper (Consultation Paper 179 Australian market structure: Draft market integrity rules and guidance (CP 179)), draft market integrity rules and guidance on market structure reforms.
This marks the next stage of an ongoing consultation process with industry on these reforms. ASIC announced its approach to the rules and guidance in April, and has today published the proposed rules and guidance for consultation, consistent with that approach.
ASIC has also published the feedback report on Consultation Paper 168 Australian equity market structure: Further proposals (CP 168), Report 290 Response to submissions on CP 168 Australian equity market structure: Further proposals (REP 290).
view the Consultation Paper 179 Australian market structure: Draft market integrity rules and guidance
Source: ASIC
HKEx, Shanghai Stock Exchange And Shenzhen Stock Exchange To Establish Joint Venture In Hong Kong For New Products And Services
June 28, 2012--Introduction
On 18 August 2011, the Board announced that HKEx had agreed in principle to enter into detailed discussions with SHSE and SZSE with a view to establishing a joint venture company to be incorporated in Hong Kong.
The Board is pleased to announce that the JV Agreement for the establishment of the JV Company is signed today.
Key Terms of the JV Agreement
1. Initial Capital
The JV Partners shall have equal shareholding interest in the JV Company, and each shall invest HK$100 million in the JV Company as initial paid-up capital.
2. Principal Business
The business of the JV Company shall include, without limitation, the development and franchising of index-linked and equity derivatives products, and to support this activity to compile cross-border indices based on products traded on the three markets; develop industry classification for listed companies, information standards and information products; promote securities markets, and enhance market participants services, technical services and infrastructure establishment; and any other business as agreed between the JV Partners.
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Source: Hong Kong Exchanges and Clearing Limited
China to create special currency test zone
June 28, 2012--China plans to create a special zone to experiment with currency convertibility in Shenzhen, the city where it introduced key economic reforms three decades ago.
The measure will enable Hong Kong banks to lend renminbi directly to companies in Qianhai Bay – a new economic zone on a peninsula across the water from Hong Kong – according to Chinese state media.
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Source: FT.com
Trading after the Launch of OSE DJIA Futures
June 27, 2012--Osaka Securities Exchange Co., Ltd. (OSE) launched futures contracts based on the Dow Jones Industrial AverageSM ("OSE DJIA Futures") on May 28, 2012.
The trading volume of OSE DJIA Futures was as follows.
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Source: OSE
12-142MR ASIC releases information sheet for licensing of financial services in emissions units
June 27, 2012--ASIC has released an information sheet to assist those intending to apply for an Australian financial services (AFS) licence to provide services in emissions units and related derivatives from 1 July.
ASIC’s Information Sheet 156 Applying for a licence for emissions units (INFO 156) coincides with the end of a two-month registration period (1 May – 30 June 2012) that temporarily authorised registrants to provide certain financial services regarding emissions units prior to holding an AFS licence for those activities.
From 1 July, various types of emissions units will be financial products under the Corporations Act 2001. Any individual or entity that provides financial services in those units will therefore require an AFS licence unless an exemption applies. For those who already hold an AFS licence, a variation may be required to cover emissions units.
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Source: ASIC
OSE's Year-to-Date Derivatives Trading Volume has exceeded 100 Million Units
June 26, 2012--Osaka Securities Exchange Co., Ltd. (OSE) is pleased to announce that the total trading volume of derivatives on their market since January 2012 recorded 100,622,841 units (preliminary estimates) today.
OSE achieved the record earlier than last year, when the volume exceeded 100 million units on July 4
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Source: OSE
TSE has published the index value of TSE Home Price Index for March
June 26, 2012--TSE has published the index value of TSE Home Price Index for March on May 29, 2012.
The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 78.82 points. The index value of TSE Home Price Index (Used Condominium, Tokyo) is 82.47 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 78.88 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 69.38. The index value of TSE Home Price Index (Used Condominium, Saitama) is 67.49 points.
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Source: Tokyo Stock Exchange
Hong Kong Exchange Renews Contract With NASDAQ OMX and Upgrades to INET-Based Trading Platform
HKEx Migrates to Genium INET Powered Platform for Derivatives Trading and ClearingJune 26, 2012--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the Hong Kong Exchanges & Clearing Ltd (HKEx) will upgrade its derivatives trading system (HKATS) and clearing system (DCASS) to NASDAQ OMX's Genium INET technology.
In addition HKEx has extended its support contract with NASDAQ OMX for a further five years. The platform upgrade is scheduled to be in effect by fourth quarter of 2013.
The Genium INET powered platform will provide HKEx with integrated trading and clearing of a wide range of derivatives including financial index futures and options, stock futures and options, currency futures, interest rate futures, fixed income futures, commodity futures, volatility index futures and dividend futures. Moreover, the Genium INET technology will provide HKEx with microsecond latency and significant throughput improvements. The HKEx derivatives market has been operating on NASDAQ OMX trading technology since 1994.
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Source: NASDAQ OMX
Hong Kong Exchange Targets Dual-Currency Listings.
June 25, 2012--Fresh after securing a deal to buy the London Metal Exchange earlier this month, Hong Kong's ambitious bourse is now trying for another goal-a dual-currency stock on its exchange.
A year ago, Hong Kong Exchanges & Clearing Ltd. released details of how a company could list in both local Hong Kong dollars and the Chinese yuan, and in January added facilities so investors without access to enough yuan can still trade yuan stocks listed on the bourse.
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Source: Wall Street Journal
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