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TSE to Begin Calculation and Publication of TOPIX Leveraged and TOPIX Inverse Indices
November 9, 2011--IN response to various needs for stock price indices, Tokyo Stock Exchange, Inc. (TSE) will begin calculating and publishing (i) the "TOPIX Leveraged Index,"
which moves at twice the fluctuation of the TOPIX index, (ii) the "TOPIX Inverse Index," which moves in the opposite direction of fluctuations in the TOPIX index, and (iii) the "TOPIX Double Inverse Index," which moves at twice the fluctuation in the opposite direction of the TOPIX index.
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Source: Tokyo Stock Exchange
Chinese inflation drops sharply as IMF chief Christine Lagarde warns Asia to be prepared for "instability"
November 9, 2011--China's annual inflation rate fell sharply in October to 5.5pc in a further pullback from July's three-year peak, giving Beijing more room to fine-tune policy to help an economy feeling the chill of a global slowdown.
Inflation fell from 6.1pc in September and marked the third straight decline since a peak of 6.5pc in July, bolstering expectations that price pressures were on a solid downtrend.
The news came as International Monetary Fund chief Christine Lagarde warned that the world was at risk of plunging into "uncertainty and financial instability" and urged Asian economies to be on their guard.
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Source: The Telegraph
Australia passes landmark carbon tax laws
November 8, 2011--Australia's parliament passed laws that impose a price on carbon emissions on Tuesday in one of the biggest economic reforms in a decade, giving new impetus to December's global climate talks in South Africa.
The laws will force Australia's top 500 polluting companies to pay a price on carbon emissions from July 2012 in a major policy victory for embattled Prime Minister Julia Gillard, whose popularity has plunged over the scheme.
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Source: FIN24
Chi-X Australia To Extend Trading To Cover Full S&P/ASX 200 Universe And All ASX-Listed ETFs On 9 November
November 8, 2011--Chi-X® Australia Pty Limited, a wholly owned subsidiary of alternative trading venue operator Chi-X® Global Holdings LLC, today announced that it has successfully completed
its “soft launch” period and has received ASIC approval to introduce trading in all S&P/ASX 200
component stocks and ASX-listed ETFs (Exchange Traded Funds) from the commencement of trading on
Wednesday, 9 November.
Peter Fowler, Chief Operating Officer of Chi-X Australia, after having received ASIC approval to
significantly broaden the service offering of the Chi-X trading platform, commented, “We are pleased that
the first week of trading in Australia’s multiple market environment has gone so smoothly for our 22 trading
participants, system vendors, market data distributors and ASIC. We are encouraged to see liquidity
growing on our platform, and with the introduction of new securities, are excited for the price improvement
opportunities that will now be available to Chi-X Australia participants.”
Tal Cohen, Chief Executive Officer of Chi-X Global, said, “We are confident that our presence will continue to deliver benefits for all Australian investors through lower trading fees and a more robust environment that encourages liquidity and investor interest in the Australian market.
“We commend the efforts of the government and regulatory agencies that have worked tirelessly with Chi-X
Australia and the industry to achieve this result that delivers competition, innovation and reform in
Australia’s financial markets,” he added.
Source: Chi-X Australia
Bourse Rivaling London May Stem From Reported Japan Merger Talks
November 7, 2011--Tokyo Stock Exchange Group Inc. has entered late-stage talks to buy Osaka Securities Exchange Co., the Nikkei newspaper reported, a merger that would create an exchange rivaling London’s in value.
Osaka Securities rose 7.3 percent to close at 391,500 yen after the Nikkei said Tokyo Stock Exchange, the privately held company that runs the main bourse in the world’s third-largest equity market, would offer to buy as much as 66 percent of its rival. TSE has made no decision like that reported today, the exchange said in a statement. Osaka’s bourse has made no decision on a merger, it said in a separate statement.
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Source: Bloomberg BusinessWeek
Osaka Securities Exchange Statement Denies News Reports Of Osaka Securities Exchange And Tokyo Stock Exchange Group Merger
November 7, 2011--Today, there were news reports by some media institutions on the management integration between Osaka Securities Exchange Co., Ltd. and Tokyo Stock Exchange Group, Inc.
However, there is no factual basis regarding such decision.
Source: Osaka Stock Exchange
China urged to let renminbi weaken
November 7. 2011--China should allow the renminbi to fall when other emerging market currencies are weakening, a leading government researcher has said.
China’s central bank has talked about introducing more two-way volatility in the renminbi’s trading, but the idea of allowing outright depreciation has rarely been voiced publicly in official circles. Premier Wen Jiabao pledged last month to stabilise the exchange rate to support exporters.
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Source: FT.com
Tokyo Stock Exchange: New Listing Of First ETF Created By Sumitomo Mitsui Asset Management Company, Limited (YOURMIRAI TOPIX Asia Focus ETF)
November 4, 2011--Today, Tokyo Stock Exchange, Inc. (TSE) listed "YOURMIRAI TOPIX Asia Focus ETF" (Code: 1562; also known as "TOPIX Asia Focus ETF") created by Sumitomo Mitsui Asset Management Company, Limited (SMAM). This is the first ETF created by the company.
The underlying indicator, "TOPIX Active in Asia Index", is comprised of 25 stocks selected by TSE from TOPIX 500 components based on criteria such as market capitalization and overseas sales performance in the Asia/Oceania region.
The "YOURMIRAI TOPIX Asia Focus ETF" invests in major Japanese listed companies with high sales performance in the region. As such, the ETF will facilitate investments in companies with high growth potential in the Asia/Oceania region.
Mr. Ryoji Maeda, President & CEO of SMAM, said "We are very honored to be able to list our first ETF on the TSE market. We hope that investors will view "YOURMIRAI TOPIX Asia Focus ETF" as an opportunity to contribute to economic growth in the Asia/Oceania region through Japanese stocks. SMAM will enhance wealth management services and offer a wide variety of products that satisfy customer needs to contribute to their asset growth".
Mr. Atsushi Saito, President & CEO of TSE, commented "TSE cordially welcomes the listing of YOURMIRAI TOPIX Asia Focus ETF. In addition, we are delighted to welcome SMAM, one of Japan's leading investment management companies, to our ETF market. TSE will continue working to diversify the ETF market and improve the convenience of our market for all investors to provide financial products that would brighten the future of investors, as implied in the product name, 'YOURMIRAI' (which means 'your future' in Japanese)".
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Source: Tokyo Stock Exchange (TSE)
HKEx to Introduce Three New Stock Option Classes on 21 November
November 4, 2011--Hong Kong Exchanges and Clearing Limited (HKEx) will introduce three new stock option classes on Monday, 21 November: Anhui Conch Cement, Belle International and China National Building Material.
HKEx has invited applications for Exchange Participants interested in serving as market makers for the three new option classes.
The first table below shows contract highlights for the three new option classes. A general contract summary is posted on the HKEx website.
