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Bloomberg and El Financiero to Launch Spanish-Language HD Channel in Mexico and Central America

Partnership Will Create Local Content across Television, Web, Mobile and Print

 Bloomberg Media Group, a division Bloomberg L.P., and El Financiero, the media branch of Grupo Lauman, an integrated solutions company, today announced a long-term agreement to launch a new multi-platform Spanish-language business news service. The companies will create a high-definition television channel that combines Bloomberg’s global business and financial insight with locally-produced content. The service will be offered in Mexico and Central America. The companies also plan to offer content online, on mobile sites and in print with a co-branded section in El Financiero newspaper.

“Mexico is one of the fastest-growing economies in the world, and our agreement with El Financiero allows Bloomberg to deliver the sharpest global business and financial insight to a critical market,” said Andy Lack, CEO of Bloomberg Media Group. “This is a significant part of the company’s strategy of forming partnerships with leading providers in markets that have a compelling economic growth story, as we have done in India, Turkey, Mongolia, Indonesia, Africa and the Middle East.”

“The new venture with Bloomberg will provide local investors, businessmen and opinion makers, with high-quality, relevant content that moves markets,” said Manuel Arroyo, President and CEO of Grupo Lauman and El Financiero. “We look forward to bringing to the table Mexico’s key influencers to further the discussion around this region’s economic growth.”

Scheduled to launch in late 2013, this will be the first business news channel available in HD throughout Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. It will be broadcast from El Financiero’s new HD studio in Mexico City. An executive producer from Bloomberg Television will be appointed to work alongside El Financiero to assist in the production of the network’s economic and business coverage. The programming will draw from Bloomberg’s extensive financial and economic data as well as reporting from the company’s 2,400+ journalists in 146 news bureaus across 72 countries.

Mr. Arroyo, along with Enrique Quintana, Chief Editor of El Financiero, will participate in the Bloomberg Mexico Economic Summit at the Club de Banqueros de Mexico. This event gathers the country’s most influential political, financial and corporate minds to discuss the critical issues surrounding the region’s growth.

Source: Bobsguide, 21.03.2013

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Filed under: Central America, Latin America, Mexico, News, , , , , , , , , , ,

NASDAQ OMX Corporate Solutions partners with Chinese PR NEWS

NASDAQ OMX Corporate Solutions today announced that its leading newswire, GlobeNewswire, will broaden its long-term partnership with China PRNews to bring global news distribution to Chinese companies. Through this agreement, China PRNews will offer GlobeNewswire’s robust global distribution platform to its clients in China and provide Chinese companies with greater visibility opportunities outside of their market.

The relationship between GlobeNewswire and China PRNews is longstanding — since 2006, they have collaborated on several initiatives to increase the visibility of companies from around the world within China.

GlobeNewswire is one of the world’s largest newswire distribution networks, specializing in the delivery of corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the general public. GlobeNewswire’s extensive distribution network currently reaches more than 4,000 media outlets and 1.5 million financial desktops globally.

China PRnews is one of the strongest news distribution and media monitoring platforms in China, serving more than 3,000 prestigious Chinese companies and organizations. Its broad coverage of Chinese local media has been highly recognized by the industry, customers and partners since its inception in 2004.

Demetrios Skalkotos, Senior Vice President, NASDAQ OMX Corporate Solutions: “NASDAQ OMX Corporate Solutions continues to look for ways to help Asian companies minimize risk, maximize efficiency and increase transparency with relevant tools and solutions for PR, IR and governance professionals. Through our daily work with the leading Chinese companies listed on our exchange, we recognized the need for greater visibility channels for Chinese companies globally. We’re excited to expand our relationship with China PRNews and offer GlobeNewswire’s far-reaching distribution platform to Chinese companies looking to target markets outside their own.”

Forrest, Xiangning Zhang, Chairman of China PRnews: “The need for Chinese companies to establish global public relations and investor relations coverage has become increasingly prominent. You can’t expect a customer to buy or an investor to invest if they know nothing about a company. The globalization process has put China into the direct trade and investment scope of the world market. Our strong partnership with GlobeNewswire under NASDAQ OMX Corporate Solutions allows China PRnews to offer easy and efficient ways to distribute Chinese companies’ news to the global community, providing the world with rich and first hand information about China. We are excited to broaden our long-term partnership with GlobeNewswire.”

In a continued effort to provide Asian companies with the localized tools necessary to help them be more efficient and transparent public companies, NASDAQ OMX Corporate Solutions also recently announced the appointment of Dan Wadsworth, Vice President of Corporate Solutions, based in Hong Kong.

Source: MondoVisione, 05.03.2012

Filed under: Asia, China, Data Vendor, Exchanges, Hong Kong, News, , , , ,

Bloomberg unveils its NEXT terminal

On its 30th anniversary Bloomberg officially launched an updated $100 million version of its core terminal yesterday in London and New York simultaneously. The NEXT platform of the Bloomberg Professional Service is intended to give traders and financial services end users faster, deeper insights into the markets and to enable the market data terminal to answer questions more intuitively in future, not just present research and data, via an enhanced ‘natural language’ search function and ‘give me the answer’ front-end tool.

According to Tom Secunda, the co-founder and vice chairman of Bloomberg speaking at the launch, “this is an evolutionary step” that helps order increasingly complex markets and aids productivity, while continuing the company’s mission to deliver on “Mike Bloomberg’s famous three-legged stool, consisting of news, data and analytics”. The NEXT platform consolidates and crucially integrates these feeds better than ever before believes the company, giving users easier access to the information that exists on the terminal and enhancing the customer experience.  “For example, you can ask what was US CPI in 2000 …and bang, there is the answer.” Users can then drill down into the answer for further research, added Jean-Paul Zammitt, global head of core product development at Bloomberg, pointing out that this is the key presentational change in the NEXT platform, requiring every help screen and back end process to be rewritten and updated.

Under development for the last two years, Bloomberg asserts that 3,000 technologists were involved in the overhaul of its core terminal, which is used by traders, analysts and even some large multinational corporate treasuries looking to hedge their foreign exchange exposure. A select group of existing clients, including OCBC Bank, Credit Agricole CIB, and Glenhill Capital were involved in the development phrase, allowing Bloomberg to review common keystrokes and commands across an array of functions in order to improve the customer experience.

More than 100,000 clients have already converted to Bloomberg NEXT at no extra cost in the £20,000 per year outlay since its ‘soft launch’ at the end of last year, with less than 1% converting back to their old terminal. The company said that two thirds of them are using the NEXT platform more than their old terminal and that it wants to convert all of its 313,000 subscriber base for the Bloomberg Professional Service by the end of this year.

“Bloomberg NEXT saves me time by discovering functions and data more quickly,” said Seth Hoenig, head trader at one of the ‘soft launch’ development partners, Glenhill Capital. “The new help menus enable users to find the answer that they need fast. Stumbling upon the hidden gems within Bloomberg has always been revelatory; now it’s easier.”

According to Lars Hansen, senior portfolio manager at Denmark’s DIP, the Danish Pension Fund for Engineers: “Bloomberg NEXT is a major step forward. It is much more intuitive – you can see multiple pieces of information on one screen, which lets you see new interrelationships.”

Bloomberg highlighted what it sees as three key improvements in its updated terminal:

• Better discoverability: Bloomberg NEXT’s new discoverability features allow users to get quick, direct answers to their queries as well as pull together a wide variety of related details such as companies, research and charts. A more powerful search engine means users can type just a few words and go directly to the desired securities, functions, people and news. The streamlined menu listing puts the most relevant information and topics right up front.

• More uniformity: Every screen of the Bloomberg Professional Service has been redesigned to provide a common look and feel. This consistent interface across all asset classes, from FX to commodities and fixed income, and across all functions should allow expert users and generalists alike to more efficiently navigate often-used functions and discover new ones. An educational overview of each market segment for novices is also included in the update.

• Intuitive workflow: The functionality of the Bloomberg Professional service has been re-engineered so that a user should be able to quickly and seamlessly navigate through the series of questions and answers essential to making smart market decisions. The new workflow, with user prompts, in Bloomberg NEXT is intended to allow expert users to drill deeper into the data and to let occasional users discover new functions.

“The complexity and interconnectedness of the global financial marketplace has grown significantly. Business and financial professionals need to synthesize astounding amounts of information to make intelligent investment decisions,” explained co-founder, Tom Secunda. The firm is still a big believer in a single product approach, however, he stressed at the official launch of NEXT but this, “obviously gives us challenges as markets get more and more complex.”

NEXT is Bloomberg’s response. “The pace of change in financial markets will only accelerate and with it the need for more information,” added Secunda, before concluding that he believes, “Bloomberg is now positioned to quickly answer those evolving questions and ensure that our clients will always have the leading edge in making investment decisions.”

News Analysis 

Bloomberg’s new NEXT platform will go head-to-head against Thomson Reuters in the market data sector, which is increasing in value as financial markets get more and more complex and new post-crash regulations place new information demands upon market participants. Both companies are running neck and neck in terms of market data share, with estimates of 30% for each at present.

One terminal is proprietary, of course, with Bloomberg maintaining its closed market data platform in its NEXT iteration, while Thomson Reuters is now following an open access model with its Eikon terminal, allowing users to add their own data and applications. The relative failure of Thomson Reuters Eikon platform, which has sold only tens of thousands of units since launch rather than the hoped for hundreds of thousands, is what prompted the open access model from Thomson Reuters, although it does of course take time to build up a following. It will be interesting to see if Thomson Reuters move allows the firm to win back lost market data share or if Bloomberg’s updated terminal can keep it on its recent upward curve. The former is still benefiting from the 2008 merger that united Thompson Financial with Reuters, giving it synergies in the data collection and delivery areas, but the competition between the two has just hotted up.

Source: Bobsguide, 28.02.2012

Filed under: Corporate Action, Data Management, Data Vendor, Market Data, News, Reference Data, , , , , ,

Brazil: BM&FBOVESPA – News October 2011 – Nr.21

BRIC exchanges announce alliance

The exchanges of the BRIC emerging markets bloc announced a joint initiative on October 12, during the 51st AGM of the World Federation of Exchanges (WFE) in Johannesburg, to offer investors access to their dynamic economies. Initially the exchanges – which accounted for over 18% of all exchange-listed derivative contracts traded by volume worldwide as of June this year – will cross-list benchmark equity index derivatives on the boards of other alliance members. Following this, the alliance will develop innovative products to track the BRIC exchanges.

The seven exchanges are:

  • BM&FBOVESPA – Brazil
  • MICEX – Russia
  • RTS – Russia
  • Hong Kong Exchanges and Clearing Limited (HKEx) – China
  • Johannesburg Stock Exchange (JSE) – South Africa
  • The National Stock Exchange of India (NSE) – India
  • BSE Ltd (formerly known as Bombay Stock Exchange) – India

These seven exchanges represent a combined listed market capitalization of USD9.02 trillion, equitymarket trading value/month of USD422 billion and 9,481 companies listed.

BM&FBOVESPA new trading hours

In view of the start of daylight saving time on October 16, 2011, since October 17, 2011, the new trading hours (Brasília Time) for the BM&FBOVESPA markets – BOVESPA and BM&F segments – will be as follows:

Regular session: 11:00 a.m. – 6:00 p.m.

– After-Market: 6:30 p.m. – 7:30 p.m. (pre-opening phase to trading phase);

– Blocking / Exercise on the stock options market
Days prior to expiration: 11:00 a.m. – 5:00 p.m. (exercise of holder position).
Expiration date: 11:00a.m. – 12:30 p.m. – trading of the expired series to the offset of the position, that is, the sale for the holder of the position and purchase for blocking for the writer of the position / 12:30 p.m. – 2:00 p.m.: exercise of the holder position;

– Blocking / Exercise on the Index Options Market:
Days prior to expiration: 11:00 a.m. – 2:00 p.m. (exercise of holder position).
Expiration date: 11:00 a.m. – 2:00 p.m. – trading of the expired series to the offset of the position, that is sale for the holder of the position and purchase for blocking for the writer of the position / After 6:00 p.m. – automatic exercise of the expired series which fit the following situations: call option (settlement index higher than the exercise price; and put option (settlement index lower than the exercise price).

– Over-the-Counter Market: 11:00 a.m. – 6:00 p.m.

> Complete information of the new trading hours (Circular Letters 009-2011-DO-Ofício Circular)

The trading hours for the BOVESPA and BM&F segments are available at this link

Market Makers for Options on the Stock of Banco Bradesco, Gerdau and Banco do Brasil

BM&FBOVESPA announced on August 3rd the start of the bidding process to select up to three market makers for options on stock of Banco Bradesco S.A. (BBDC4), Gerdau S.A. (GGBR4) and Banco do Brasil S.A. (BBAS3). This is the third stage of the Competitive Bidding Process to select market makers in equity options and BOVESPA Index (Ibovespa) options, developed by BM&FBOVESPA. The institutions (including nonresident) that wish to participate have until November 29, 2011 to deliver proposals and the winners will be announced on December 14, 2011.

> More info

Market Makers for Options on Ibovespa and on Stocks of BM&FBOVESPA and Usiminas

BM&FBOVESPA announced on October 11 the winning institutions in the second selection process for market makers for options on stocks and on the BOVESPA Index (Ibovespa). The market maker obligation shall last twelve (12) months as of December 12, 2011. Banco Citigroup Global Markets Limited, Banco Itaú BBA S.A. and Timber Hill LLC shall be market makers for options on the BOVESPA Index (IBOV), complying with a maximum volatility spread of half a percentage point (0.5%). The institutions selected for options on stocks in BM&FBOVESPA S.A. (BVMF3) were Citadel Securities LLC, Citigroup Global Markets Limited and Morgan Stanley Uruguay Ltda, which shall be market makers complying with a maximum volatility spread of four percent (4%). Meanwhile, the institutions selected for options on stocks in Usinas Siderúrgicas de Minas Gerais S.A. (USIM5) were Banco BTG Pactual S.A. and Morgan Stanley Uruguay Ltda, which shall be market makers complying with a maximum volatility spread of twenty percent (20%).

> More info

Options on OGX Petróleo and Itaú Unibanco rise with Market Maker activity

The trading volume for options on the stocks of OGX Petróleo and Itaú Unibanco rose significantly in September, strongly influenced by the fact that they have had Market Makers since September 9. The Exchange launched the Market Maker program for stocks this year in order to encourage trading in options and increase their liquidity, as well as to stimulate longer expiries on these contracts. Options on the stocks of OGX Petróleo and Itaú Unibanco now have three Market Makers.

Comparing the average daily volume in September to that of January to August, there were the following increases: OGX Petróleo ON 51.9% (BRL 13.7 million against BRL 20.8 million) and Itaú Unibanco PN 205.6% (BRL 1.7 million against BRL 5.1 million).

ETF financial volume more than doubles in the past two months

BM&FBOVESPA Exchange Traded Funds (ETFs) reached BRL 1.4 billion financial volume in August and September, at 78,809 and 75,740 trades respectively. This is more than double the BRL 668 million financial volume and 31,997 trades in July.

Common Shares in Desenvix Energias Renováveis start trading on BOVESPA MAIS

The shares of electricity company Desenvix Energias Renováveis S.A. begin to be traded on October 3 on the BOVESPA MAIS segment of the BM&FBOVESPA Organized OTC Market, under the DVIX3M ticker symbol.

USD11 billion in public offerings and follow-ons in 2011

In the year to October, 15, BM&FBOVESPA registered USD11 billion in public offerings and follow-ons. There were eleven Initial Public Offerings (IPOs) in 2011: AREZZO&CO (ARZZ3), SIERRA BRASIL (SSBR3), AUTOMETAL (AUTM3), QGEP PART (QGEP3), IMC HOLDING (IMCH3), TIME FOR FUN (SHOW3), MAGAZINE LUIZA (MGLU3), BR PHARMA (BPHA3), QUALICORP (QUAL3), TECHNOS (TECN3) and ABRIL EDUCAÇÃO (ABRE11).

BM&FBOVESPA on Twitter

BM&FBOVESPA launched its Twitter account in English last week. Please access this link

2011 EVENTS

 The World Cup of ETFs and Indexing Latin America

BM&FBOVESPA is lending its support to the World Research Group’s “World Cup of ETFs and Indexing Latin America.” The event aims at providing attendees with the best practices for ETF use, as well as a comprehensive analysis of market structure, regulations and current and future opportunities. The expected audience includes pension funds, hedge fund managers and investors, investment advisors, financial consultants, and other market participants. A BM&FBOVESPA representative will talk about the Exchange’s ETF products.

Location: São Paulo (TBC)
Date: October 17-18, 2011.
> Full Agenda and Registration

2nd FX Growth Markets Series: Brazil – Profit & Loss

BM&FBOVESPA will join the Profit & Loss FX Growth Markets conference on October 20, 2011 at the Tivoli Hotel in São Paulo. Profit & Loss has been operating its highly successful series of Forex Network and FX Growth Markets conferences for more than 10 years, with regular annual events held in London, New York, Chicago, Singapore, Brazil, Mexico, Colombia, Chile, Shanghai and Toronto, and comes to Brazil for the second time. A BM&FBOVESPA representative will talk at the event.

Location: Tivoli Hotel São Paulo, São Paulo, Brazil
Date: October 20, 2011.
> Full Agenda

2nd Brazil–China Capital Markets Forum

BM&FBOVESPA and the Shanghai Stock Exchange are coordinating the Second Brazil–China Capital Markets Forum. This event follows the First Brazil–China Capital Markets Forum, which occurred in February in São Paulo, Brazil. At the event, the Shanghai Stock Exchange shall bring 300 to 500 Chinese asset and insurance managers and representatives of listed companies.

Location: Xijiao State Guest House Shanghai, China
Date: October 27, 2011.

Volumes and trades by Direct Market Access (DMA)

BM&F Segment
In September, BM&F* market segment transactions carried out through order routing via Direct Market Access (DMA) registered 35,144,357 contracts traded and 4,311,865 trades. In August, the volume reached 41,417,494 contracts traded and 4,431,750 trades.

The volumes registered by each access modality in the BM&F segment were as follows:

  • Traditional DMA – 12,583,334 contracts traded, in 1,366,264 trades, in comparison to 17,540,231 contracts and 1,306,241 trades in August;
  • Via DMA provider (including orders routed via the Globex System) – 13,976,949 contracts traded, in 374,992 trades, compared to 14,088,756 contracts and 435,281 trades in August;
  • DMA via direct connection – 2,636 contracts traded in 447 trades, against 4,210 contracts and 830 trades in August;
  • DMA via co-location – 8,581,438 contracts traded, in 2,570,162 trades, compared to 9,784,297 contracts and 2,689,398 trades in August.

In September, transactions carried out by foreign investors presented by CME to BVMF (who use the Globex-GTS order routing system or access BVMF markets via co-location) totaled 4,685,186 contracts traded, in 1,164,510 trades, compared to 5,308,308 contracts and 1,235,349 trades in August.

BOVESPA Segment
In September, order routing via DMA in the BOVESPA* segment totaled BRL 111.41 billion and 14,298,483 trades, from BRL 138.52 billion and 17,021,408 trades the previous month.

Trading volumes per type of DMA in the BOVESPA segment:

  • Traditional DMA – Volume of BRL 95.77 billion and 11,763,618 trades from BRL 120.45 billion and 14,098,638 in August;
  • DMA via co-location – Volume of BRL 14.29 billion and 2,357,270 trades from BRL 16.69 billion and 2,755,498 in August;
  • DMA via provider – Volume of BRL 1.34 billion and 177,044 trades from BRL 1.37 billion and 167,272 in August.

* Direct access to the BM&FBOVESPA market segments is carried out through DMA models 1, 2, 3 and 4. In model 1 or traditional DMA, the client accesses the GTS or Mega Bolsa through technological intermediation of a brokerage house. In model 2 or via DMA provider, the client does not use the technological intermediation of a brokerage house, but rather connects to the system through an authorized access provider. DMA via order routing with CME Globex is also a form of DMA model 2. In model 3, the client connects to the system through a direct connection. In model 4 or via co-location, the client installs its own computer within the Exchange’s facilities.

Notes:

The volumes registered by access modality include both buy and sell sides of a trade.

The volumes by access modality for both the BM&F and the BOVESPA market segments have been reported in a consolidated manner in the BM&FBOVESPA statements since May 2009.

MARKET RESULTS

BM&F Segment September 2011

Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 59,365,524 contracts and BRL 4.35 trillion in volume in September, compared to 78,606,873 contracts and BRL 5.23 trillion in August. The daily average of contracts traded in the derivatives markets in September was 2,826,930, in contrast to 3,417,690 in August. Open interest contracts ended the last trading day of September with 36,620,797 positions, compared to 37,821,302 in August.

BOVESPA Segment September 2011

In September 2011, the equity markets (BOVESPA segment) financial volume totaled BRL 131.437 billion, in 13,551,487 trades, with daily averages of BRL 6.25 billion and 645,309 trades. In August, financial volume totaled BRL 177.906 billion, the total number of trades 16,234,673, and the daily averages BRL 7.73 billion and 705,855 trades respectively.

Source: BM&FBOVESPA, 18.10.2011

Filed under: BM&FBOVESPA, Brazil, China, Events, Exchanges, Hong Kong, India, Risk Management, , , , , , , , , , , , , , , , , , , , , , , , , ,