EXCHANGE NEWSWIRE, 14 June 2012
LME copper players are drafting proposals to prevent metal from being trapped in warehouse storage queues, as such delays would threaten LME’s credibility, Reuters reported.
ICE Futures Canada will shift its daily close of trading settlement time back to 2pm Central time from 1.15pm CDT, in line with other North American futures exchanges, Reuters reported.
BOLSAA selected RTS Realtime Systems to provide the front-end technology for BOLSAA’s equity marketplace, according to Finextra.
CME: three unidentified employees left CME’s GreenX unit in London, according to a spokesman who was quoted in Bloomberg.
FXCM will acquire 50% of Lucid Markets Trading Ltd., and Lucid Markets LLP for approximately $176m, net of Lucid’s cash. The transaction is expected to be finished in the following weeks and is subject to customary closing conditions.
SGX selected BT Radianz technology to connect SGX with Chicago and London markets, making it the first Asian exchange with hubs in Europe and the US. A connection linking SGX customers in London and Chicago to Singapore will also be offered from July 2012, the Automated Trader reported.
SMX settled its first gold future contract which was based on gold price in India on June 13. The contract has been active since June 1, and is now settled after $16m worth of trades.
Power Exchange Central Europe (PXE) CEO David Kucera was quoted in Reuters saying that “I think that risk management is probably the most underestimated part of the trading and I would not be surprised if we see another shutdown.”
