Exchange News: LME Goes Electronic in 2018

DB1 Chairman, Joachim Faber, is being pressured to resign by two large shareholders, as insider trading investigations continues; according to the Financial Times.

DB1: Clearstream is working with Citi to provide international investors access to the Chinese bond market through Bond Connect. From 20 November, market participants will get access to the Chinese interbank bond market, with no quota arrangements.

DB1 aims to find CEO before year end, according to CEO, Gregor Pottmeyer. Reported by Reuters.

JPX EPS for the six months ended Sep-2017 increased 18% y/y to ¥42.3. Revenues increased 5% to ¥55.8b.

HKEX: LME will in 2018 test the setting of closing prices for its metals electronically, rather than on its open outcry trading floor.

CBOE declared 4Q17 dividend of $0.27 per share.

HKEX: LME would delay plans to change OTC fees giving time to members to get their systems ready for new EU rules, according to Reuters.

LSE: LCH appointed John Horkan as COO, replacing Daniel Maguire who was promoted last week to LCH’s CEO. Mr Horkan adds role to his current responsibilities as LCH Head of SwapClear in North America.

SGX CEO Loh Boon Chye said SGX “stands as good a chance as any others” to win a listing of Saudi Aramco.

KRX and IHS Markit launched two new stock indices, the KRX-IHS Markit KOSPI 200 Dividend Forecast Yield Top 30 and KRX-IHS Markit KOSPI 200 Dividend Forecast Growth Top 30.

NZX will launch a Global Skim Milk Powder (SMP) Option contract on 4-Dec.

Nodal exchange, TransRisk and DAT Solutions, plan to develop, market and list the first trucking freight futures and options contracts.

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