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TSE launches New Tdex+ System
A New Dawn for the TSE Derivatives Market
November 21, 2011--Tokyo Stock Exchange, Inc. ("TSE") is pleased to announce today the successful launch of "New Tdex+ System", a new trading platform for derivative products.
The New Tdex+ System is an advanced electronic trading system based on the LIFFE CONNECT® system used by NYSE Liffe in London, the largest European derivatives exchange. LIFFE CONNECT® is highly regarded for its superb performance and state-of-art functionality by investors worldwide. Options trading has been conducted on the existing Tdex+ System since October 2009, but this migration of futures to New Tdex+ System will integrate both trading platforms of the TSE derivatives market and greatly increase system efficiency.
With the introduction of the system, order processing performance is dramatically improved to an average order response of 5 milliseconds* and 36 thousand* orders processed per second. In addition to this, user convenience is greatly enhanced through advances such as the introduction of strategy trading.
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Source: Tokyo Stock Exchange (TSE)
BSE proposes index for climate change
November 17, 2011--Leading bourse BSE today began the consultation process for launch of a carbon index, a move that will help investors mitigate their exposure to financial risks associated with the climate change.
The exchange today released a concept note on its 'Carbon Indexing Project', marking the first-ever attempt to create a Carbon Index in an emerging economy.
Source: The Economic Times
BSE reports record F&O turnover of Rs 1,600 cr
November 17, 2011--The leading stock exchange BSE today achieved a record daily turnover of about Rs 1,600 crore in its derivatives segment, helped by a slew of positive measures taken to boost futures and options trading on its platform.
The BSE's future and option (F&O) turnover today hit a new record high of Rs 1,600.1 crore, surpassing the previous record volume of 1,509.8 crore achieved on February 13, 2008.
Source: Economic Times
SSE Consumer 50 Index To Be Launched
November 17, 2011--To further enhance the SSE and CSI index family as well as to provide new analysis tool and underlying instrument for investors, SSE Consumer 50 Index will be launched on
December 9th, 2011 by SSE and CSI.
Source: Shanghai Stock Exchange
Hong Kong Weighing OTC Derivatives Regulation With Consultation
October 17, 2011-- Hong Kong has begun consultation on proposals for regulation of the city’s over-the-counter derivatives market in a bid to reduce systemic risk in the wake of the 2008 collapse of Lehman Brothers Holdings Inc.
Main proposals included in the consultation paper released by the Hong Kong Monetary Authority and the city’s Securities and Futures Commission include mandatory reporting and central clearing of over-the-counter transactions. Hong Kong Exchanges & Clearing Ltd., the city’s bourse operator, will establish a clearing house for the transactions while the the HKMA will create a trade repository to collect data on the market. The consultation will end on Nov. 30.
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Source: Bloomberg BusinessWeek
Tokyo Stock Exchange Said to Forgo IPO Plan on Path to 2012 Bid for Osaka
November 16, 2011--Tokyo Stock Exchange Group Inc. dropped plans to sell shares to the public while it is in talks to buy a controlling stake in Osaka Securities Exchange Co., a person with direct knowledge of the matter said.
The TSE will forgo an initial offering during negotiations to purchase as much as 66.6 percent of its rival by mid-2012, said the person, who declined to be named because the discussions are private. Osaka Securities’ shares slipped 0.9 percent to close at 406,500 yen today.
Japan’s biggest bourses are discussing a merger after the country lost its place as the world’s second-largest equity market to China. A combination would give the 133-year-old Tokyo venue, home to Sony Corp. and Toyota Motor Corp., access to Osaka’s derivatives trading system and may create the world’s seventh-largest exchange company by share value. More than $30 billion in bourse mergers have been proposed worldwide since October 2010.
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Source: Bloomberg
OSE DJIA Futures and Nikkei 225 VI Futures Launch Date
November 15, 2011--Osaka Securities Exchange Co., Ltd. has determined the launch date for futures products based on “Dow Jones Industrial Average” and “Nikkei Stock Average Volatility Index” as follows.
Launch Date: Monday, February 27, 2012
Names of Products:
OSE DJIA Futures
Nikkei 225 VI Futures
Determination of Launch Date for "OSE DJIA Futures" and "Nikkei 225 VI Futures
Source: Osaka Securities Exchange
TOCOM Changes in Application of Circuit Breakers
November 15, 2011--From January 4, 2012, a new Exchange rule provides that a Circuit Breaker (CB) triggered for a specific contract month will affect only that contract month. (Under the current Exchange rules, a CB triggered in any one contact month affects all six contract months.)
For Gold Options, the new rules provide that when a strike price falls
outside the range Exchange specified, CB trigger will affect only one series
and does not automatically trigger a CB for any other series.
Source: TOCOM
Four theme indexes including SZSE equipment released today
November 15, 2011--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. recently announced that four SZSE series theme indexes will be released on 15 November 2011, including SZSE equipment index, SZSE real estate index, SZSE environmental protection index and SZSE commodities producer index, each with the 31 December 2004 as base day, the basis point of 1000 points.
The SZSE equipment index includes 80 sample stocks of listed companies involved in such fields as oil and natural gas equipments, telecommunication equipments, and SZSE real estate index includes 40 sample stocks covering the real estate development and operation; SZSE environmental protection index includes 40 sample stocks in fields such as environmental protection equipment manufacturing, environmental protection service and so on; SZSE commodities producer index tracks 40 constituent stocks involving energy, raw material, agricultural products and so forth. The annual return rate of the four theme indexes is respectively 19%, 20%, 19% and 23%.
The release of four theme indexes will provide investors with enriched research tools and investment subjects.
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Source: Shenzhen Stock Exchange
SZSE officially launches implementation of the 5th version trading system construction
November 15, 2011--SZSE held the celebration for 10-year anniversary of the 4th version of trading system, also for launching the construction of the 5th version of trading system. The 4th version of trading system, officially launched on November 12, 2001, was independently researched and developed by SZSE, which, adhering to the fundamental principal of “secure, efficient and self-controllable”, constantly expands and improves the function and performance of the system in light of the needs for constructing China’s multi-layer capital market. In the past 10 years, the 4th version of trading system has witnessed the establishment of split share structure reform, SME Board, ChiNext, and Zhongguancun Park Enterprises Stock Quotation System, and other major business innovation including ETFs, LOFs, margin trading securities lending in the process of rapid development of Shenzhen securities.
It plays a significant role as technology support to guarantee the safe and stable market operation and push forward the construction of multi-layer capital market. By far, the 4th version of trading system has provided trading services for as many as 1800 securities, 4700 sales networks and 100 million investors, with the actual peak amount of daily entrusted deals handled as high as 22.47 million, and a 10-year record for continuously safe operation.
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Source: SZSE