FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

Deutsche Börse exclusive licensor of BSE (Bombay Stock Exchange) market data to international clients

Deutsche Börse will be exclusive licensor of BSE market data to international clients New partnership gives market participants easier access to market data and information products of both exchange groups Deutsche Börse Market Data + Services and BSE today announced a partnership under which Deutsche Börse will act as the exclusive licensor of BSE market data and information products to all international clients. The new cooperation will benefit existing and potential customers by giving them access to both exchanges’ market data products under a single license agreement. A signing ceremony was held in Frankfurt on 2 October 2013.

The partnership also allows Deutsche Börse to deepen its client service capabilities in important Asian markets such as India, as well as strengthen the strategic alliance between the two exchanges.

“By partnering with BSE we give customers access to the full suite of real-time, delayed and end-of-day data products offered by both exchanges under a single license agreement. This approach meets clients’ market data needs while reducing their administrative requirements and increasing overall efficiency,” said Georg Gross, Head of Front Office Data + Services, Deutsche Börse.

“BSE is once again happy to partner with Deutsche Börse as this will enhance BSE’s visibility with international clients in the area of market data and information products. BSE will also get access to the innovative product development expertise of Deutsche Börse, which shall help BSE to provide an improved customer experience,” said Balasubramaniam Venkataramani, Chief Business Officer, BSE Ltd.

Under the new cooperation, Deutsche Börse will be responsible for sales and marketing of all BSE market data products to customers outside of India, while BSE continues to serve its domestic clients. Deutsche Börse will also share joint responsibility for product development and innovation, which includes extending its existing and the creation of new market data solutions and infrastructure to support BSE’s product offerings.

Products covered under the cooperation agreement include Real-time, Delayed and End-of-day data for BSE’s Equity and Derivatives markets, corporate data such as Results, Announcements, Shareholding Patterns and Corporate Actions as well as Real-time and Delayed Indices.

This market data agreement also further strengthens the cooperation between Deutsche Börse and BSE that began earlier this year. In March 2013, the two exchanges announced a long-term technology partnership in which BSE will deploy Deutsche Börse Group’s trading infrastructure.

Source: Bobsguide, 07.10.2013

Filed under: Data Management, Data Vendor, Exchanges, India, Market Data, , , , , , , , , ,

EUREX Group and Bombay Stock Exchange (BSE) in Technology Alliance

Eurex Group and the Bombay Stock Exchange (BSE) announced today that they have agreed to deepen their strategic partnership through a long-term technology alliance under which BSE will join the Eurex technology roadmap and deploy Deutsche Börse Group’s trading architecture in a first step. BSE aims to replace its derivatives market platform in the course of 2013 and plans to subsequently replace also its cash market platform. This agreement is an important step in further developing the strategic partnership between Eurex and BSE.

The new partnership in the technology sphere will allow BSE to quickly achieve the highest global standards for speed, reliability and order-handling capacity. It will bring to BSE state-of-the art levels of capacity and latency, already in place at the International Securities Exchange (ISE) since summer 2011 and in roll-out at Eurex Exchange. By aligning BSE, Eurex Exchange and ISE markets on a common trading infrastructure, IT costs for shared customers will be significantly reduced. This will also reduce technology development and installation efforts for Eurex and ISE members who wish to connect to BSE and vice versa as well as strengthen the case for cross-listing.

“We expect our technology alliance with Eurex will help BSE to compete more effectively in India, to help us attract more international participants into our marketplace and improve our market share in derivatives and equity trading,” said Ashish Chauhan, MD and CEO of BSE. “It will quickly put BSE into the Premier League of exchanges in terms of the performance of our matching engine and overall technology infrastructure.”

“This technology alliance strengthens our long-term partnership with BSE, and is another milestone in our Asian strategic roadmap, in which India obviously plays an important role. This technology alliance also contributes to growing our global liquidity network, based on common market infrastructure, for the benefit of both our partners and our members,” said Andreas Preuss, CEO of Eurex and Deputy CEO of Deutsche Börse AG.

Source: MondoVision, 12.03.2013

Filed under: Asia, Exchanges, India, Trading Technology, , , , , , , ,

CFFEX and Deutsche Börese signe Co- Operation Agreement

Deutsche Börse and China Financial Futures Exchange (CFFEX) today signed a Memorandum of Understanding (MoU) in Beijing. The parties agreed on a co-operation and an extensive exchange of information in order to facilitate the further development of both financial markets.

In accordance with the MoU, the two exchange organizations are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments. Further elements of the co-operation agreement include joint training and education initiatives, as well as an employee exchange program and regular visits from each exchange’s senior management.

“We are very pleased to have signed this agreement with CFFEX and look forward to deepening our relationship with leading institutions and authorities of China’s financial markets,” said Andreas Preuss, Deputy CEO Deutsche Börse and CEO of Eurex, the derivatives arm of Deutsche Börse.

Source: MondoVisione, 17.05.2012

Filed under: China, Exchanges, , , , ,

Shanghai Stock Exchange takes on HFT speculators, amongst other global exchanges

The Shanghai Stock Exchange (SSE) has become the latest bourse to signal a crackdown on the huge number of messages high-frequency traders generate.

Having carried out research into trader speculation and its effect on the market, the Chinese exchange operator has vowed to take on the issue with “both technique and system”.The SSE will impose trading limits on accounts “with such abnormal trading behaviors as making orders in a large sum or at high prices, or conducting frequent false orders and withdrawals”.Firms that continue to break the new rules will be designated unqualified investors, facing trading restrictions for several days and referral to the China Securities Regulatory Commission.

Yesterday US operators Nasdaq OMX and Direct Edge outlined plans to fine high-frequency traders for carrying out too many cancelled orders, following a path already taken in Europe by Deutsche Börse and Borsa Italiana.

The Shanghai bourse and its rival Shenzhen Stock Exchange have also both moved to curb excessive speculation and volatility in shares in newly listed companies. New rules mean there will be a 30 minute suspension on shares that rise or fall by 10% from their opening prices on their first day of trading.

Filed under: Asia, China, Exchanges, Risk Management, , , , , , , , ,

Deutsche Börse developing new business – all Data and IT related activities pooled into IT.

By way of underpinning its growth strategy, Deutsche Börse is creating a new business area geared to extending its client reach and service offering. In this move, notably IT with its system and service development and operating capabilities, Market Data and Analytics as well as selected external services are to be pooled under one roof. This includes, for example, the use of trading systems for other exchange companies, the business process offering in its entirety, IT operations for other financial service providers as well as network services.

The goal on the one hand is to tap new, integrated business opportunities while, on the other, supporting clients with tailored IT and other services, thereby further enhancing customer loyalty, broadening client reach and meeting the growing demand for outsourcing services with an expanded range of services.

Reto Francioni, CEO of Deutsche Börse AG, said: “Our services, also in the field of IT in particular, put us firmly in the premier league of global providers. Deploying our combined expertise and capabilities to optimum effect in customer acquisition, competition for market share and regional presence will be increasingly important when it comes to boosting the Group’s international positions. This sends out a clear mandate to our new business area to play a key role as a critical and strategic competitive factor for Deutsche Börse AG going forward, as well as to harness and expand cross-selling potential with our existing business areas.”

In addition, to the launch of the new business unit there will be a change in the top management of the IT business unit. Dr.-Ing. Michael Kuhn (57) and Deutsche Börse AG agreed on the best of terms and by mutual consent that the Executive Board contract of Michael Kuhn due to run out at the end of 2012 will not be extended. The company is looking for a successor. Michael Kuhn will be available for the company.

Supervisory Board Chairman Manfred Gentz and CEO Reto Francioni thanked Michael Kuhn for his total of 23 years’ service for the Deutsche Börse Group. He has been a member of the Group Executive Board since 1999. “We wish to express our gratitude to Michael Kuhn and his team. It is thanks to him and his colleagues that Deutsche Börse AG sets global standards with its systems,” said Gentz.

Source: MondoVisione, 14.02.2012

Filed under: Data Management, Data Vendor, Exchanges, Market Data, News, Reference Data, Trading Technology, , , , ,

Deutsche Börse launches algo news feed in Brazil

Availability in Sao Paulo data center marks expansion of “AlphaFlash” into Latin America.

Deutsche Börse – Market Data & Analytics has launched “AlphaFlash”, its algorithmic news feed, in a data center in Sao Paulo. The feed is available now in Brazil, marking AlphaFlash’s official expansion into South America.
AlphaFlash is hosted at a data center at a local exchange in Sao Paulo.

“Brazil is considered the leader in algorithmic and high frequency trading in Latin America. As this growing market continues to develop, we see greater demand from local quant traders, hedge funds and market participants to consume machine-readable news quickly and efficiently. The new data center allows customers to access AlphaFlash as fast as possible—right on the spot in Brazil, so they can swiftly execute their automated trades,” said Georg Gross, Head of Front Office Data & Analytics at Deutsche Börse.

Launched in April 2010, AlphaFlash delivers low latency, machine-readable economic indicators and corporate news. Subscribers can choose among several data packages, e.g. U.S., Canadian, European or Asia-Pacific economic indicators, U.S. and Global Treasury Auctions, the Chicago PMI as well as the Corporate News Germany feed. AlphaFlash is available in a number of data centers across the globe, including Chicago, Secaucus (New Jersey), Washington D.C., Sao Paulo, Frankfurt, London, Sydney, Tokyo and Singapore.

Source: Deutsche Börse, 25.01.2012

Filed under: Brazil, Data Management, Latin America, Market Data, News, Reference Data, , , , , ,

Deutsche Börse to offer 10Gbit/s trading and market data connections for the first time

Deutsche Börse is expanding its portfolio of trading and market data connections to include bandwidth of 10 Gbit/s for connectivity to the Eurex derivatives market and the Xetra cash market.

This measure is part of the continuous development of Deutsche Börse’s system landscape which is particularly focused on minimising latency for transactions and data feeds. By raising the bandwidth to 10 Gbit/s using ultra-low latency network technology, the network run-time for co-location clients will be significantly reduced and as consequence, liquidity on Eurex and Xetra should further benefit.

The 10 Gbit/s connectivity will be realised based on standardised cable lengths, guaranteeing all co-location clients the same conditions for minimal latency. Clients who apply for a 10 Gbit/s connection by 17 October 2011 will be able to use it immediately from the launch on 12 December 2011.

Source: WFE, 30.08.2011

Filed under: Data Management, Exchanges, Market Data, Trading Technology, , , , , , , ,

India: Exchange big hitters in battle for market share

India’s stock exchange heavyweights – the National Stock Exchange and the Bombay Stock Exchange – are gearing up for a fight for market share.

Spurred on by the threat of competition from new entrants and the prospect that India’s economy will continue to see growth of at least 7 per cent over the next few years, the NSE and BSE have announced a series of new products, hires and alliances.

India’s benchmark Sensex index has risen more than 70 per cent so far this year, making it one of the 10 best performing markets around the world. GDP, meanwhile, grew 6.1 per cent in the three months to the end of June, indicating the economy may have bottomed out.

The timing of the rebound, in the economy and stock market, could not be better for Madhu Kannan, chief executive of the BSE, the oldest of India’s more than 20 or so exchanges.

The appointment of Mr Kannan, who was only 36 when he took over in May, marked something of a change of strategy for an exchange that has been struggling to regain market share since its cross-town rival the NSE burst on to the scene nearly 15 years ago.

Before its arrival, the BSE had 80 per cent of the market. In 12 months the NSE hit the same level and the BSE has been trying to claw back market share ever since.

Mr Kannan hopes to upgrade the exchange’s technology, improve client relationships and make better use of its existing relationships with the Singapore stock exchange and Deutsche Börse.

In August, the BSE announced it had taken a 15 per cent stake in the newly formed United Stock Exchange to help drive the development and growth of both interest rate and currency derivatives markets. It will also start trading interest rate futures in the next couple of months.

But the NSE has pipped it to the post, becoming the first exchange, at the end of August, to resume trading in interest rate futures. A previous attempt to introduce the contract flopped in 2003 due to pricing issues and the regulator’s failure to allow banks to trade the product. The new contracts can now be traded by banks and are open to some foreign participation.

Ravi Narain, chief executive of the NSE, is upbeat about the exchange’s ability to grow and innovate and says he welcomes competition. He also wants the exchange to offer a full range of asset classes.

Since 2000, the NSE has, among other things, rolled out internet trading, exchange traded funds, a volatility index and currency futures. It is also looking at creating a platform for small and medium-sized enterprises, and appears to be responding to increased competition where it hurts. It said this month it would lower trading costs in futures and options and cash segments by 10 per cent.

Adding to the pressure on the NSE and BSE is the arrival of a significant new entrant to the market. The Multi Commodity Exchange of India, controlled by Indian markets entrepreneur Jignesh Shah’s Financial Technologies group, is poised to start its own stock exchange.

MCX-SX will form part of a portfolio offering trade in interest rate futures, ETFs and fixed income. The exchange already offers trading in currency futures.

Joseph Massey, chief executive of MCX-SX, believes there is room for another stock exchange at a time when the government is moving towards financial deregulation and is pushing to give India’s rural population the same access to financial services as their urban counterparts.

Currently 1.4 per cent of India’s population participates in the capital markets compared with 40 to 45 per cent in developed countries. In addition more than 90 per cent of exchange trade is confined to only 10 cities in India, according to the MCX.

Mr Massey says the scope for growth in the types of products on offer is also large, adding that while SME’s, currency, bonds and derivatives make up to 80 per cent of trade in other markets, many of these asset classes are still only in their infancy in India.

“Until recently the asset class in the public domain was equities. Other products were non-existent. Now we have the opportunity to provide different shades of investment products,” says Mr Massey.

Analysts say the combination of greater competition between the exchanges and strong fundamentals is great news for investors.

“The last 10 years have been remarkable. We’ve gone from being one of the least efficient markets to one of the most efficient. There are now 7,000 stocks listed,” says Sukumar Rajah, managing director and chief investment officer for Asian equities at Franklin Templeton Investments in India.

Mr Rajah says at the moment less than 5 per cent of personal savings in India are invested in the market. But with Indian GDP expected to grow at between 7 to 9 per cent on average over the next five to 10 years, he says the outlook for India is good.

“With this type of growth there is room for companies to expand . . . so for both local and global investors, this market will continue to be interesting.”

Source: FT, 20.09.2009 by Mary Watkins

Filed under: Asia, Exchanges, India, News, , , , , , , , , , ,

Deutsche Börse expands investor portal real-time services

Deutsche Börse expands its range of real-time services, thus increasing transparency for private investors.

The investor portal now offers real-time insight into the order book of the fully electronic trading system Xetra. Private investors, investment advisors and portfolio managers can now obtain the prices of all shares traded on the Deutsche Börse platforms, in real time. Deutsche Börse thus provides private investors with easy access to information which was largely only available to professional traders before, and aids in making investment decisions with insight into the order book.

For a monthly price of €23.80, the website displays the ten best bid and ask prices of at least 10,000 equities in Xetra trading. Floor trading prices are also displayed in real time. The prices of all bonds, funds, certificates and warrants will continue to be disseminated free of charge in real time.

Real-time spreads of 160 shares in the selection indices DAX, MDAX, SDAX and TecDAX, for which the Frankfurt Stock Exchange’s lead brokers ensure private investors an execution at the average trading spread, are also available free of charge.

The status of each of the indices calculated by Deutsche Börse Market Data & Analytics is also available in real time. A subscription to the index package, which includes around 2,700 indices, can be obtained for €2.38. This service includes the prices of the exchange traded funds (ETFs) and the exchange traded commodities (ETCs) with an order book depth of the ten best buy and sell offers on Xetra.

Since January, visitors to the investor portal have been able to track the price and number of shares for all buy and sell orders placed in the Xetra trading system with a 15-minute delay and free of charge. The Xetra mask lists the stocks according to the index they are contained in. Investors can use the order book to track individual stocks or compile their own list to check the tradability of less liquid stocks, for example.

Source: Finextra, 03.07.2009

Filed under: Data Management, Data Vendor, Market Data, News, , , , , ,

Avox launches Global Business Entity Directory: Wiki-Data – Initiative supports Open Global Standards for Business Entity Data

Avox, a subsidiary of Deutsche Börse, is opening up access to a subset of over two hundred thousand verified and maintained business entity data records of its content. On, users will find basic information about those business entities including their legal name, country of incorporation and operation, state/province/region and city of operation (where applicable) and an Avox identifier (AVID).

Avox is publishing this information for free usage in an effort to help facilitate a common standard for business entity data. Any data record with an AVID attached has been comprehensively verified and is maintained by Avox’s team of data experts. It is also continuously checked by clients and partners because of the built in feedback loop established between these user organizations and Avox. With this launch, the entire world can participate in and benefit from the increased level of maintenance, enhancement and consistency of the content.

“The industry has been demanding a low cost business entity data standard for years” says Ken Price, CEO and co-founder of Avox. “We believe this is a big step toward achieving such a standard however we fully intend to collaborate with other key industry players who will add content and significant value to the offering. A successful standard must be a shared standard in our view.” Price points to partnerships with S&P, Markit, IDC and SWIFT as examples of this collaboration.

Julia Sutton, Global Head of Customer Accounts for the Institutional ClientGroup at Citigroup commented “Wiki-data is yet another example of the collaborative model at work. Anyone that uses data from will be consistent with a number of major industry players including Citi, Barclays and Nomura. We see this as a major efficiency play as usage expands.”

Richard Snookes, Director, Global Reference Data at Barclays Capital says “By taking the decision to allow the use of their AVID identifier as unlicensed content, Avox have removed one of the key obstacles to creating a genuine community for counterparty identification. The user experiencing a loss related to a bad piece of data quickly effects a transition to being the user with the most accurate data. The wiki-data model magnifies these transitions across multiple data fields and users to present an extremely powerful tool with real scalability.”

Users can purchase additional data attributes or regular updates of the complete file as an annual subscription. Third parties can license the content as the basis for their directory and identification services. Internet access of the data for primary usage is restriction and cost free. The key objective is for all major industry participants to use the same underlying data.

Price notes that the data will be of extremely high quality, “That’s the nature of the beast. One of the great benefits of the Internet is that we can now leverage a global community of data checkers who can point out remaining potential errors, changes or omissions which our central team of data experts can address straight away. There is no better way of maximizing data quality.” Additional capabilities such as online record linking, user commentary and the facility to add new records which can be verified by Avox or other firms are planned for the future.

A blog has been established at where anyone can openly comment, criticize and/or make suggestions for improvements to the platform and the content. There is also a LinkedIn group set up called the “Avox Business Entity Discussion Forum” for those who use that platform. Wiki-data and the blog can also be accessed directly from

Source:MondoVisione, 22.06.2009

Filed under: Data Management, Data Vendor, Exchanges, Library, News, Reference Data, Risk Management, Standards, , , , , , , , , ,

Exchanges Rally To 2009 High On Hopes Of Increased Regulation – FTSE Mondo Visione Exchanges Index Up By 27 Per Cent In May 2009

The value of listed exchanges rose by 27 per cent in May 2009, building on the previous two months’ rallies and again demonstrating further evidence of confidence returning to the industry.

Closing at 22187.70 on 29 May 2009, the Mondo Visione Exchanges Index, which aims to reflect market sentiment and is a key indicator of exchanges performance, has climbed back to a level not seen since early October 2008. Year to date, the index has increased by 40.6 per cent.

Last month, 17 of the 18 listed exchanges on the Mondo Visione Exchanges Index saw their values raised.

Herbie Skeete, Managing Director, Mondo Visione and also Co-founder of the Index said:

“Shares of listed exchanges are up across the board from their lows of 2008. Derivatives markets are leading the pack, in-part on hopes that the US and European regulators plan to regulate over-the-counter derivatives, which could help exchanges and hurt the dealers who have fought hard to keep their opaque market private.

These changes in regulation should help fuel growth for exchange operators, particularly those who have the capacity to provide clearing services.

But there is one potential problem looming for the integrated exchanges and the derivative exchanges in particular, and this is the threat by regulators to force separation of clearing from trading. At the moment the threat is a small cloud on the horizon – it may blow away or it may turn into a serious storm.”

The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was CME Group with a 45.3 per cent increase in share price from 30 April 2009 to 29 May 2009.

The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Johannesburg Stock Exchange a 0.2 per cent decrease in share price from 30 April 2009 to 29 May 2009.

Download: May 2009 – FTSE Mondo Visione Exchanges Index Report

Source: MondoVisione, 15.06.2009

Filed under: Australia, BM&FBOVESPA, BMV - Mexico, Brazil, Exchanges, Hong Kong, Japan, Mexico, News, Singapore, , , , , , , , , , , , , , , , ,

Deutsche Börse Group opens new representative office in Tokyo

The leading international exchange organization Deutsche Börse announced the opening of its new representative office in Tokyo. The new office was officially established today in a ceremony with major financial market participants and Japanese authorities.

The new representative office will serve as a local hub for the Group’s business segments Eurex, the leading derivatives exchange, and Deutsche Börse Market Data & Analytics (MD&A), a leading provider of capital market information and indices. It marks an important step to strengthen and expand Eurex’s and MD&A’s relationships to its business partners in Japan. Nagayoshi Miyata, who joined Eurex in 2007, is the chief representative of the Deutsche Börse Group’s office.

Michael Peters, responsible for the Asia business expansion of Deutsche Börse and member of the Eurex Executive Board, said: “The new presence in Japan will significantly improve our local customer service and foster our direct relations with Japanese market participants. It is also a sign of our strong commitment to the most important financial center in Asia, in which close relationships with key institutions have already been established.”

The new office in Japan – as a part of Deutsche Börse Group’s international offices – complements the recently opened representative office of Deutsche

Börse in Beijing, which started its operation in December 2008, and the Eurex office in Hong Kong, which was opened in February 2009. It will also leverage the existing business relations of Deutsche Börse’s subsidiary Clearstream, which has been present in Japan since 2007.

Source: Deutsche Börse, 28.04.2009

Filed under: Exchanges, Japan, Market Data, News, , , ,

Deutsche Börse Launches – DAXglobal Latin America Tracks Companies From Latin American Countries

Deutsche Börse has added more new members to its DAXglobal® and DAXplus® index families. Investors can now participate in the growth of the Latin Americaneconomy with the DAXglobal Latin America Index. The DAXglobal GCC (Gulf Cooperation Council) Index tracks the performance of Gulf States. The new DAXplus Directors’ Dealings indices track the performance of companies at which employees subject to reporting requirements have bought a particularly highvolume of shares in the company over the past twelve months.

The DAXglobal Latin America Index tracks the 40 most liquid companies from Argentina, Brazil, Chile, Columbia, Mexico and Peru in a transparent manner. The Latin America Index currently comprises American Depository Receipts(ADRs) on public limited companies in Latin America that are traded on various stock exchanges across the globe. ADRs are a popular vehicle used by companies inemerging markets to gain entry to the developed capital markets in Europe and the USA. This concept has already been successfully applied to other indices in the DAXglobal family in order to ensure improved tradability.

The selection criterion for the DAXglobal Latin America Index and the DAXglobal GCC Index is an average daily exchange turnover for the last six months of US$1 million. The weighting that the individual countries are awarded in the indices is based on the respective gross domestic product, and each company’s weighting in the index is capped at eight percent.

The European Directors’ Dealings Indices are based on the data service of the same name, European Directors’ Dealings (EDD), which has been offered by Market Data & Analytics since September 2008. Transactions in a stock corporation’s shares conducted by its executive and supervisory boards as well as their family members will be collated, adjusted, verified and then made available in a standardized format for the very first timeand on a transnational basis. Directors’ Dealings information is used primarily as a trading signal. It is taken into account when analyzing investment behavior, and also aids the development and testing of investment strategies.

The index composition of the two DAXglobal indices is reviewed once a year in September, while the DAXplus Directors’ Dealings indices are reviewed on a quarterly basis. All indices are reweighted on a quarterly basis. All new indices are calculated as price and performance indices in euros, US dollars and pounds sterling.

Source: Mondovision, 16.12.2008

Filed under: BM&FBOVESPA, BMV - Mexico, Brazil, Chile, Colombia, Data Vendor, Exchanges, Latin America, Mexico, News, , , , , , , , , , , , , , ,

KRX And Eurex To Cooperate In Derivatives Trading

Eurex, the leading derivatives exchange, and Korea Exchange (KRX,, a leading Asian exchange, today announced a wide-ranging product cooperation in trading and clearing derivatives. Andreas Preuss, CEO of Eurex, and Jung-hwan Lee, Chairman & CEO of KRX, signed an agreement in Seoul. According to this, KRX will grant Eurex the right to list, trade and clear Daily Futures on KOSPI 200 Options worldwide after Korean trading hours. Eurex as Europe’s largest derivatives exchange intends to launch its daily futures on this option on the Eurex platform in January 2010.

Mr. Jung-hwan Lee, Chairman & CEO of KRX, said “Our agreement with Eurex today is part of our strategy to extend the global reach of KRX markets and furthermore, it is in line with KRX vision of becoming a world-class premier exchange. Through this cooperation, we will provide round the clock trading opportunities in KOSPI 200 Options market which is already the most liquid exchange-traded derivative product in the world.”

Andreas Preuss, CEO of Eurex, said: “This cooperation is another milestone in our strategy to offer our customers access to all major asset classes and all major markets. The Eurex listing will enable international investors and traders to access the KOSPI 200 Options market during core European trading hours.”

Both partners believe that the cooperation will increase the liquidity and efficiency of the Korean market. This new extended market for KOSPI 200 Options will provide existing market participants trading and hedging opportunities for KRX positions after Korean trading hours and a possibility to take positions as the global market fluctuates.

KRX and Deutsche Börse signed a Memorandum of Understanding (MoU) on 30 January 2007. Among other activities, the MoU initiated a joint working group to explore cooperation in the derivatives market. Today’s announcement is one of the first joint projects of both partners.

Source: Mondovision, 14.12.2008

Filed under: Exchanges, Korea, News, Trading Technology, , , , , , , , , , ,

Deutsche Börse Opens Representative Office in Beijing

Following the opening of an office in Singapore last month, Deutsche Börse has added another Asia Pacific location to its on the ground presence with the opening of a new office in Beijing. The exchange operator indicates that this is part of its plan to expand its relationships within the Chinese market and it has appointed Jianhong Wu to head the office.

The exchange received approval by the China Securities Regulatory Commission (CSRC) to establish a representative office in Beijing on 26 September and has been working on finding an appropriate office head since that date. Accordingly, it selected Wu to become the chief representative officer for the Chinese market.

Deutsche Börse deputy CEO Andreas Preuss explains that the exchange is keen to become a partner within the Chinese market via the strengthening of its relationship with Chinese regulators and capital market institutions. With a view to this, the exchange operator has been developing relationships with domestic exchanges including the Shanghai Stock Exchange in 2004 and the Shenzhen Stock Exchange this year.

Among other activities, Deutsche Börse has also been organising road shows and IPO conferences with the aim of promoting stock exchange listings for domestic Chinese companies. Currently, 13 Chinese companies have opted for a primary listing at the Frankfurt Stock Exchange.

Source: A-Team Asian Markets 13.12.2008

Filed under: China, Exchanges, News, , , , , , , , , , , ,