Two of Argentina’s exchanges, Rofex and the Rosario stock exchange (MervaRos), have agreed to merge as consolidation continues to sweep Latin America’s bourses.
Rofex, or Mercado a Término de Rosario, is one of the country’s two futures exchanges and specialises in commodity futures. It is based in the city of Rosario, northeast of Buenos Aires, where there is also a stock exchange named Mercado a Término de Rosario (MervaRos). Continue reading »
Vienna to neighbours: Fear not, minnows
Stock exchanges in central and eastern Europe have watched – no doubt nervously – as the Vienna exchange has moved across the region snapping up controlling stakes in smaller bourses.
After all, in a world dominated by mega-exchanges like the one contemplated by the proposed merger of Deutsche Borse and NYSE Euronext, what place can a tiny bourse in an eastern European country hope to have? Like in Croatia or Romania, for example. Continue reading »
Wanted: London Stock Exchange executive for Ulan Bator
London Stock Exchange staff fed up with working in the Big Smoke are about to be offered the chance to spread their wings – and fly off to Mongolia.
Ulan Bator’s stock exchange this week took a big step towards modernisation with a deal with the London Stock Exchange under which a number of LSE staff will effectively run the Mongolian bourse for a while. Continue reading »
LSE-TMX: where should EM miners list their shares now?
For any emerging market mining or natural resources company thinking of listing on a stock exchange, the choices have just got more interesting.
The London Stock Exchange and TMX Group , operator of Canada’s stock exchange, have agreed a merger that creates the world’s largest platform for mining and natural resources company listings. Continue reading »
Quick View: London’s Mongolian manoeuvre
Mongolian yak butter futures, anyone?
This week the London Stock Exchange said it had agreed a “strategic partnership” with the Mongolian Stock Exchange.
The what?
Does the LSE really share any strategic interests with a tiny stock exchange on the outer fringes of the world – one established only in 1991? Continue reading »
Colombia: the only risk is wanting to trade?
Colombia’s tourism office recently ran an advertising campaign with the slogan: “The only risk is wanting to stay”. The idea was to convince people that images of a country beset by violence were outdated.
Now the country’s stock market is trying to attract foreign traders – arguing that Colombian equities have proved relatively safe, and promising to upgrade the exchange’s technology. Continue reading »
Turkish derivatives receive double boost
Çetin Ali Dönmez is a happy man. The chief executive of TurkDex, Turkey’s derivatives exchange, has received two pieces of good news that should make his market an easier place to invest.
Late on Wednesday, US regulators allowed TurkDex’s flagship Istanbul stock exchange index futures contract – the ISE 30 – to be offered directly into the US. Aside from a few hedge funds with special exemptions, US investors were not allowed to trade Turkish derivatives on TurkDex before the decision, which was made by the Commodity Futures Trading Commission (CFTC). Continue reading »
Indian exchanges feel the love
The London Stock Exchange and the National Stock Exchange of India agree to co-operate, just as George Soros finalises a stake in the Bombay bourse and the UK chancellor (finance minister) rings the opening bell in Mumbai. Something’s up, and it’s not just that the UK has a huge business delegation visiting India – including London Stock Exchange chief executive Xavier Rolet. Continue reading »
Mexico and South Africa: both winners in the exchanges game
It may be a stretch to make a link between football’s World Cup and the world of stock exchanges, but a glance at the FTSE Mondo Visione Exchanges Index hints at something worth highlighting.
The exchanges whose share prices have performed best in the last 12 months are – by coincidence – from the nations who kicked off the tournament on Friday: Mexico and South Africa. Continue reading »
A quiet revolution is underway at Latin America’s stock and derivatives exchanges as they gear up to attract liquidity outside the region.
The Santiago bourse said today it had signed a deal with Fidessa, a UK-listed trading technology company, that allows traders outside Chile to connect directly and electronically to the exchange.
And this revolution isn’t just happening in Latin America. Exchanges in other regions, notably Asia, are also looking to algorithmic traders to give them better global exposure. Continue reading »
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