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Posts Tagged ‘exchange’

Serbian currency strengthens against euro

The Serbian dinar (RSD) is stronger by 23 paras against the euro today, with central bank’s official middle rate at RSD 106.0255. The NBS did not intervene on Thursday on the interbank foreign exchange market, and from the start of the year it has sold a total of EUR 2.51bn in order to alleviate daily oscillations in the exchange rate and enable functioning of the foreign exchange market.

SGX +3.7%; IPOs, ADRs To Boost Market – Daiwa

Singapore Exchange (S68.SG) above $10.00 for first time since February 2008, +3.7% at $10.06, possibly in anticipation of increased trading activity in Singapore market in days ahead, says Dow Jones.

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Singapore Exchange rated ‘sel’ by DMG

DMG & Partners Securities in an Oct 12 research report says: “Securities market Average Daily Turnover (ADT) rose to $1.79 billion in September 2010, 18% higher m-o-m. For 1QFY11, ADT was $1.56 billion, flat sequentially.

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Trafigura joins Singapore Mercantile Exchange as trading member

Trafigura Beheer BV’s derivatives dealing subsidiary joined the Singapore Mercantile Exchange as a trading member, the bourse said in a statement today.

The Singapore Mercantile started trading on Aug. 31, offering West Texas Intermediate oil futures, Brent crude contracts in euros, physically delivered gold and euro-dollar futures.

 
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LME Board asks for final plans on LME/SGX Minis project

The London Metal Exchange board asked the bourse’s managers to complete plans for a venture with Singapore Exchange to offer “minis” in non-ferrous metals futures, the LME said in a statement today.

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LME Board meets to discuss SGX LMEminis tie-up

Cooperation with the Singapore Exchange (SGX) to open metal trading to a broader community in Asia will be on the agenda when the London Metal Exchange board meets on Friday ahead of the annual LME dinner on Tuesday.

The dinner is the highpoint of the industry’s social calendar and an opportunity for the exchange to announce new initiatives.

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Oct 4: Ascott Residence Trust, Rickmers Maritime, Singapore Exchange

Singapore shares may open higher on Monday after Wall Street extended its rally, led by gains in resource stocks following data in China that showed a pick-up in manufacturing activity. Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.07% on Friday to close at 3,130.90 points.

The Dow Jones industrial average <.DJI> was up 0.39% at 10,829.68. The Standard & Poor’s 500 Index <.SPX> gained 0.44% at 1,146.24. The Nasdaq Composite Index <.IXIC> finished 0.09% higher to close at 2,370.75.

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How to Securely Exchange Massive, Business-Critical Files

The countless data breach horror stories might make executives stop and think about the security of their business-critical files, but most of the resulting security initiatives and technology deployments miss a major component of the threat: how to securely move data between units, office locations and business partners. Here, Knowledge Center contributor Sandy Weil explores some common file transfer security misconceptions and explains how a managed file transfer solution can help organizations to securely exchange massive, business-critical files. – Today, organizations are grappling with how to move huge files between business units, geographically dispersed locations and external business partners. What once was a 15MB file is now a full gigabyte thanks to technological advances such as high-definition and multidimensional modeling.
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Singapore bourse clears about 90% of global iron ore swap trade

Singapore Exchange, operator of the city’s securities and derivatives markets, represents as much as 90% of global over-the-counter clearing of iron ore swaps, said the chief executive of its commodity unit.

More than 200 counterparties, which are producers, users and traders of the steel-making ingredient, are using the service, Chief Executive Officer Jeremy Ang of the Singapore Commodity Exchange said in an interview today.

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Singapore Exchange – Corporate moves

Thaddeus Beczak has been appointed non-executive and independent director wef Oct 7
Work experience: Chairman, Nomura Asia Holdings NV; senior advisor, Nomura Int’l (HK) Ltd

Singapore’s SMX signs Glencore as trading member

Singapore Mercantile Exchange said on Wednesday has signed global commodities trader Glencore as a trading member.

SMX, a commodities and foreign exchange futures exchange that was set up last month, is a unit of India’s Financial Technologies (FITE.BO).

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Singapore Exchange to launch new OTC rubber clearing in Oct

Singapore Exchange (SGXL.SI) will launch a new clearing service for over-the-counter rubber contracts on Oct 11, the bourse said on Friday.

The new service, which will be offered through Singapore Exchange’s subsidiary, Singapore Commodity Exchange (SICOM), is Asia’s first over-the-counter clearing service for agricultural commodities.

 
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Singapore Exchange to trade Asian ADRs to spur volume: Update 2

Singapore Exchange, operator of the city’s derivatives and securities exchange, will quote the American depositary receipts of 19 Asian companies starting Oct. 22 in an effort to boost volumes.

“Our ADR offering gives customers new opportunities to act quickly on information and news-flow on major Asian companies,” Magnus Bocker, chief executive officer of the Singapore Exchange, said in a statement. The initiative will help “reinforce SGX’s Asian Gateway proposition as a preferred venue for international issuers and investors.”

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SGX to launch new board with ADRs of 19 firms

Singapore Exchange (S68.SG) said Tuesday its new board, GlobalQuote, will begin operations on Oct 22 with the American depositary receipts of 19 major Asian companies, in the latest attempt by the bourse to boost trading volumes and liquidity.

The Singapore Exchange is aggressively pursuing opportunities to become an Asian Gateway for international issures and investors as bourses around the region compete to list blue chips on their respective exchanges.

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SGX +2.5%; 19 ADRs to be quoted from Oct 22

Singapore Exchange (S68.SG) heads back into positive territory, +2.5% at $8.13 vs down 0.1% at $7.92 midday, on hopes of increased trading activity in Singapore as bourse operator enables American Depository Receipts of 19 major Asian companies to be quoted in Singapore from Oct 22, according to Dow Jones.

Move, announced during lunch break, will allow investors to act on newsflow about companies like Baidu, Aluminum Corp of China, China Eastern Airlines, China Mobile during Asian hours.

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Singapore Exchange to launch ADR trading on Oct 22

Singapore Exchange (SGXL.SI), Asia’s second largest listed bourse operator, said on Tuesday it will allow trading of American Depositary Receipts (ADR) from Oct 22 in a bid to boost trading volumes.

SGX will start with the ADRs of 19 Chinese firms that are listed in the United States including internet firm Baidu (BIDU.O), Aluminum Corp of China (ALUMI.UL), China Mobile (0941.HK), Petrochina (0857.HK) and software firm Netease.

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SGX to quote ADRs of Asian companies from Oct 22

Singapore Exchange said it will quote American Depositary Receipts of 19 Asian companies, including Baidu Inc. and Suntech Power Holdings Co., on its new GlobalQuote board from Oct 22.

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SGX names Chew Choon Seng Chairman from Jan 1

Singapore Exchange said Chew Choon Seng will become chairman on Jan. 1, replacing J.Y. Pillay, who is retiring.
 
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Central bank intervenes again

The National Bank of Serbia (NBS) sold EUR 30mn at the interbank foreign exchange market on Thursday.
This came to alleviate excessive daily oscillations of the Serbian currency (RSD) exchange rate.

Microsoft Exchange Server 2010 SP1 Now Available

Exchange Server 2010 Service Pack 1 comes with features such as so-called soft-deleted mailboxes. Microsoft’s offering is meant to compete against those from Cisco Systems and Mozilla, among others. – Microsoft Exchange Server 2010 Service Pack 1 is now generally available,
with feature enhancements to areas such as the management user interface. The
Service Pack follows the June release of the Exchange SP1 beta, which Microsoft
claims was downloaded by over 500,000 Technology Adoption Program…