Archive for December, 2009
TOCOM to Reopen Gas Oil Futures Contract in May 2010
okyo Commodity Exchange (TOCOM) announced December 24, 2009 that the Exchange has decided to start working with concerned parties to reopen the gas oil futures contract on May 6, 2010. The Exchange had been exploring the possibility to reopen the gas oil futures contract, but finally reached its decision following the Government Tax Commission’s announcement [...]
Electronic Trading in Asia 2009 Review
What a year it was. Volatility spiked, panic gripped and wealth was destroyed. 2009 was a cornerstone year for electronic trading in Asia. We saw new exchanges, an exodus of western vendors opening up offices and a zone that was not so terribly affected by the financial crises. Here are some of the highlights from [...]
Will The SMX Change The Commodity Futures Landscape in Asia?
Well it already has. First of all the Singapore Mercantile Exchange (SMX) is wholly owned by Financial Technologies, an Indian financial services company. Exchanges in Asia are owned and operated locally and have a close relationship with national regulators and business leaders. Some would say too close. The SMX is uniquely foreign owned and to [...]
BSEs New Derivatives Rates To Lower Transaction Costs For All
The Bombay Stock Exchange is introducing revised transaction charges in the equity derivatives segment with effect from Tuesday, December 29, 2009. The targeted reduction in effective spreads and impact costs, along with the innovative fee structure, can potentially result in substantially lower transaction costs for all market participants. This new pricing scheme is designed to [...]
Internal Disciplinary Actions At TOCOM Following Trading Disruption
Tokyo Commodity Exchange, Inc. (TOCOM) announced December 15 that the Exchange has taken disciplinary actions against some of its executive officers for the suspension of the gold night session (standard, mini and options) on November 27. The Board of Directors today has given a verbal warning to President & CEO Tadashi Ezaki, and he reprimanded [...]
TOCOM Standard Combination Order in Silver Contracts
As already announced, TOCOM will change the contract trading unit of silver, applicable from the December 2010 contract, from 30 kilograms to 10 kilograms effective on December 24th, 2009. Consequently, after December 24th, 2009, Standard Combination Order between the October 2010 contract or prior contracts (trading unit at 30 kilograms) and the December 2010 contract [...]
TOPIX Futures To Trade On NYSE Liffe From Summer 2010
Tokyo Stock Exchange, Inc (“TSE”) and NYSE Liffe announced November 24 that TOPIX Futures will be listed on the NYSE Liffe market from summer 2010. The TOPIX index futures contract is the benchmark Japanese stock price index already traded on the TSE. The Tokyo Stock Exchange’s TOPIX Futures are already actively traded by investors worldwide, [...]
BSE Changes Trading Timings Of Equity and Equity Derivatives Segments
Pursuant to SEBI circular dated October 23, 2009, Bombay Stock Exchange has announced change in trading time with effect from Friday, December 18, 2009. The trading will commence from 9:45 a.m. to 3:30 p.m. instead of 9:55 a.m. to 3:30 p.m. in the Equity and Equity Derivatives segments on all business days. However, there will [...]
Industrial and Commercial Bank of China Invests in Hong Kong Mercantile Exchange
Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”) has become a founding shareholder in the Hong Kong Mercantile Exchange (“HKMEx”). ICBC (Asia) acquired a 10% equity interest in HKMEx and agreed to participate extensively in the Exchange’s operations as a Trading Member, Clearing Member and Settlement Bank. ICBC (Asia) joins China Ocean Shipping [...]
Nomura Launches NX MTF, The First Investment Bank Established MTF Dark Pool
Nomura, the global investment bank, has announced the launch of NX MTF, the first principal broker dealer established Multilateral Trading Facility dark pool. NX will operate as a dark pool MTF trading pan European equities, and will be regulated by the UK Financial Services Authority. The platform is expected to go live in January 2010. [...]
