March 2010, Issue 30
In this month's issue:-
- LME - PROPOSES JOINT VENTURE WITH BALTIC EXCHANGE
- CME GROUP/BM&FBOVESPA S.A. - SIGN MEMORANDUM OF UNDERSTANDING
- BURSA MALAYSIA/BFX - SIGN MEMORANDUM OF UNDERSTANDING
- GBOT - NEW MAURITIUS DERIVATIVES EXCHANGE TO GO LIVE IN APRIL 2010
- C-COM - TO DELIST ALUMINIUM FUTURES CONTRACT
- EU/ECHA - ISSUE NEW PUBLICATION
LME - PROPOSES JOINT VENTURE WITH BALTIC EXCHANGE
The London Metal Exchange has made a formal joint venture proposal to The Baltic Exchange. The proposal would allow the trading of Forward Freight Agreements (FFAs ) on-exchange.
The Baltic Exchange provides the benchmark indices used to price settle and settle FFAs, which are currently traded in a telephone, over-the-counter market.
For further information, please go to:
http://www.lme.com/media_resources/9866.asp
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CME GROUP/BM&FBOVESPA SA - SIGN MEMORANDUM OF UNDERSTANDING
On 12 February 2010, CME Group and BM&FBOVESPA announced their agreement to become Global Preferred Strategic Partners. This would allow the exchanges to:
- follow strategic investments and commercial opportunities with other international exchanges
- develop jointly a multi-asset class trading platform for the trading of equities, derivatives, fixed income securities and other exchange traded or OTC traded assets
For further information, please go to:
http://investor.cmegroup.com/investor-relations/releasedetail.cfm?ReleaseID=444582
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BURSA MALAYSIA/BFX - SIGN MEMORANDUM OF UNDERSTANDING
On 24 January 2010, Bursa Malaysia Berhad and Bahrain Financial Exchange signed a Memorandum of Understanding to strengthen ties between both organisations as well as develop a common platform on which Islamic finance products such as commodity Murabahas, an Islamic money market instrument, could be traded.
For more information, please go to:-
http://www.bursamalaysia.com/website/bm/media_centre/
http://www.bfx.bh/media/press-release/pr-24jan10.pdf
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GLOBAL BOARD OF TRADE (GBOT) - TO LAUNCH DERIVATIVES EXCHANGE IN APRIL 2010
GBOT plans to start a multi-asset derivatives exchange in Mauritius in April 2010. The first currency and derivatives exchange of its kind in the region, GBOT plans to offer eight currency pairs with the dollar as the base (including Mariutius rupee, euro, yen and sterling). The exchange also expects to trade futures contracts in zinc, copper, aluminium, nickel, gold, silver and platinum.
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C-COM TO DELIST ALUMINIUM FUTURES CONTRACT
The Central Japan Commodity Exchange (C-COM) is to de-list its Aluminium futures contract following its March 2010 Member's meeting. The contract is currently suspended.
For more information, please go to:-
http://www.c-com.or.jp/public_html_e/comnews/index.php?file=2010012702_C-COM+to+Delist+Shell+Eggs%2C+RSS3%2C+TSR20%2C+Aluminum+and+Natural+Rubber+Index+Futures.html
EU/ECHA - ISSUE NEW PUBLICATION
The European Union and The European Chemicals Agency (ECHA) have produced a leaflet entitled "2010: A Key Year for Chemicals Registration and Notification - Act Now!" which is specifically targetted at SME's. It focuses on SIEFs (Substance Information Exchange Forum) and also reminds SME's about the 3 January 2011 deadline for notification and classification and labelling set by the CLP Regulation.
For more information, please go to:-
http://ec.europa.eu/enterprise/sectors/chemicals/files/reach/leaflet/r_leaflet_lr_en.pdf