- BoC To Auction C$2bln In 30 Day TLF on Monday
- ::
- White House Officially Signs Off On Automaker Loan Agreements
- ::
- Fed to Further Revise TALF Terms Based on Market Needs Going Forward
- ::
- Fed Extends TALF Loan Maturity from 1yr to 3yrs
- ::
- TALF Loans No Longer Distributed Through Auction, Available to All Eligible Borrowers --NY FED
- ::
- BoA Sells $6.75bln of FDIC-Backed Debt
- ::
- IL Governor intends to stay on the Job; will answer questions in appropriate forum
- ::
- Obama - economists insist economy must be put back on track first
- ::
- Obama - part of econ plan...mechanism to get budgets under control
- ::
- Obama - once we get economy back on track, we will be confronted w/ "this enormous deficit"
- ::
- Obama - will change how business is done in D.C.; no road to nowhere...
- ::
- Obama - focus on job creation, increasing demand, fix financial markets will cost significant amount of money
- ::
- Obama - need bold approach to stop rapid econ decline
- ::
- Community Bankers Trust Gets $17.68mln of TARP Funds
- ::
- Obama - concerned about Stimulus estimates; econ forecasts have deteriorated
- ::
- Obama - must have reciprocity in Trade Agreements; labor, environmental agreements must be part of trade agreements
- ::
- Obama - must rebuild regulatory structure
- ::
- Obama - create jobs and train workers for them; the way to keep jobs in the U.S. is to rebuild infrastructure
- ::
- No FED speeches scheduled thru year end - barring unforseen events
- ::
- Petrobras Gas, Oil Output Totaled 2.17mln BPD in November
- ::
23 June 2008 Chi-X® Europe
Limited has announced that it is successfully trading, clearing and
settling
five of the top component stocks of the Oslo OBX 25 and OMX Copenhagen
20 indices, and plans to introduce the remainder of the indices names
by the end of the month.
Chi-X Europe Extends Trading Services to Norwegian and Danish Stocks
Peter Randall, CEO of Chi-X Europe Limited.
“Chi-X
Europe participants continue to enjoy price improvement and lower
trading
costs."
The first stocks to be made available for
trading
on Chi-X Europe are:
Norway
Norsk Hydro ASA
Renewable Energy Corp A/S
StatoilHydro ASA
Telenor ASA
Yara International ASA
Denmark
AP Moller – Maersk A/S
Danske Bank A/S
Novo Nordisk A/S
Novozymes A/S
Vestas Wind Systems A/S
“Since launching some fifteen months ago,
we have introduced trading services for many of Europe’s most
heavily-traded
equities and are pleased to extend coverage to these top Norwegian and
Danish names,” commented Peter Randall, CEO of Chi-X Europe Limited.
“Chi-X
Europe participants continue to enjoy price improvement and lower
trading
costs, and we remain committed to providing the European trading
community
with the benefits of our faster, cheaper and smarter model.”
The introduction of trading in Norwegian
and Danish stocks follows Chi-X Europe’s addition of the Swedish OMX
Stockholm
30 and Finnish OMX Helsinki 25 component stocks earlier this year, a
development
which represents a milestone for those trading the Scandinavian
markets.
Central counterparty services have
previously
not been available for Norwegian and Danish equities, but with today’s
announcement, clearing and settlement for the Oslo OBX 25 and OMX
Copenhagen
20 component stocks traded on Chi-X Europe will be centralised via
Fortis’
European Multilateral Clearing Facility (EMCF) entity. When trading
these
stocks on Chi-X Europe, trades will be settled in the VPS and VP
Security
Services Central Securities Depositories, respectively, and will be
fully
fungible for clients whether traded on Chi-X Europe or on the primary
market.
With the addition of trading services for
the Oslo OBX 25 and OMX Copenhagen 20 component stocks to Chi-X Europe,
overall trading, clearing and settlement is anticipated to be less
expensive
than via the current market infrastructure. According to an analysis by
Instinet Europe Limited, Chi-X Europe’s majority shareholder, the
trading,
clearing and settlement costs of the underlying exchange is 0.45 bps in
Norway and 0.55 bps in Denmark, compared to Chi-X Europe’s trading
costs
of 0.05 bps*.
* Based on a passive/aggressive rebate
ratio
of 50:50.
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