London Stock Exchange Group plc and Tokyo Stock Exchange Group, Inc. (the TSE) today published an outline framework for their new Tokyo-based market for growing companies. The proposed market structure has been developed following extensive discussion with market participants, and will take advantage of the opportunity created by the revised Financial Instruments and Exchange Act passed in June 2008, which enables the establishment of Exchange-regulated markets.
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London Stock Exchange has today outlined its new price list for trading services. It will take effect from 1 September 2008 and applies to all trading clients. The new pricing structure is designed to:
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The London Stock Exchange today announced the launch of the UnaVista Broker Matching Utility (BMU), a new service for the central matching of post-trade data across prime brokers, executing brokers and hedge funds. The BMU service runs on UnaVista, the London Stock Exchange’s web-based matching, reconciliation and data integration service hosted at the Exchange’s data centre.
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Global MENA Financial Assets today became the latest in a line of Middle Eastern companies to join the London Stock Exchange. Earlier this month Commercial Bank of Qatar conducted the first Qatari listing on the Exchange’s Main Market for ten years and on May 22 Global Investment House became the first Kuwaiti company to join the Main Market.
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Trading on EDX London reached record levels in June 2008, with 5.7 million contracts traded during the month, an average of 286,161 trades per day.
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During June 2008 there were 20.4 million equity trades carried out on the electronic order books of the London Stock Exchange and Borsa Italiana, with a combined value of ?243.9 billion (€307.8 billion). The number of equity trades across the Group increased 18 per cent compared with June last year, while the value traded decreased by 17 per cent. The average daily number of trades across the two markets was 970,317, while the average daily value traded was ?11.6 billion (€14.7 billion).
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London Stock Exchange Group plc issued its Interim Management Statement for the three months ended 30 June 2008. Pro forma comparatives are provided as if Borsa Italiana had been acquired on 1 April 2007. All figures are unaudited.
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The London Stock Exchange and Lehman Brothers today announced plans to create a pan-European MTF (multilateral trading facility) for the execution of non-display orders. The MTF, to be named Baikal, will provide market participants with an unrivalled trading service for European equities, being the first to combine an innovative dark liquidity pool with sophisticated algorithmic trading functionality.
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The London Stock Exchange and Lehman Brothers today announced plans to create a pan-European MTF (multilateral trading facility) for the execution of non-display orders. The MTF, to be named Baikal, will provide market participants with an unrivalled trading service for European equities, being the first to combine an innovative dark liquidity pool with sophisticated algorithmic trading functionality.
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Today marks one year since TradElect, the London Stock Exchange’s electronic trading platform, came into live service for the UK market. This next generation technology platform has provided the market with world-leading system performance. Latency has reduced from 140 to 6 milliseconds and capacity has increased 10-fold since TradElect was introduced. Further significant functional enhancements are planned in the next twelve months to support even greater market participation in the future.
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Meridian Petroleum plc, an oil and gas exploration and production company, has today been publicly censured and fined £75,000 for breaches of the AIM Rules between August 2004 and February 2007.
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Performance Channels, the London Stock Exchange’s new high speed delivery mechanism for Infolect data delivered over 100 megabyte lines, goes live today. This service ensures that even during the highest peaks in trading activity market data is delivered at industry leading speed.
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