1. Stock exchange
LSE claims quickest trading speed (October 11 2010)
China’s interest rate rise sends glibal markets
into turmoil (October 19 2010)
Signapore Bourse makes $8.3bn offer for
Australian stock exchange (October 25 2010)
2. China’s interest rate rise sends
global markets into turmoil (october 19
2010)
China increased benchmark intrest rate by 25
points
Financial market into
turmoil
Increase was flagged as internal
signal
Attempts to artifically depress the currency
values
3. China’s interest rate rise sends
global markets into turmoil (october 19
2010)
£ fell more than 2 cents against $
€ 1% lower than day before
Stock markets reacted badly
FTSE 100 dropped more than 30 points
Dow Jones industrial dropped 146 points
4. Signapore Bourse makes $8.3bn
offer for Australian stock
exchange(October 25 2010)
Signapore stock exchange making
takeover offer for the ASX
offer= $8.3bn cash and
shares
Target ? From second tier-market to the
leading Asian finance centre
5. Signapore Bourse makes $8.3bn
offer for Australian stock
exchange(October 25 2010)
5th largest in the world by market value
2nd largest stock market in Asia by ♯of
listed companies
Market value = $12.3 bn
Responsible for 2700 companies
Ranking : Tokyo
Hongkong
Shangai
Singapore
6. LSE claims quickest trading
speed
October 11 2010
LSE new record fastest trading speed
Millennium IT bought by the UK bourse
Trading venues pushing to operate faster
124 microseconds
time between input and exchange
7. LSE claims quickest trading
speed
October 11 2010
To fight competition
Latency = cutting the speed of trading
Volume
Interesting ? High-frequency traders at banks
Specialist proprietary trading firms
Hedge funds
regulated investment fund