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Scoach Joint Venture to Be Terminated
SIX Swiss Exchange Ltd Media Release Selnaustrasse 30 P.O. Box 1758 CH-8021 Zurich T +41 58 399 5454 20 February 2013 F +41 58 499 5455 www.six-swiss-exchange.com Media Relations: T +41 58 399 2227 F +41 58 499 2710 [email protected] Scoach joint venture to be terminated The joint trading platform operated by SIX and Deutsche Börse for structured products in Switzerland and Germany is to be dissolved following a decision by SIX to terminate the cooperation agreement. The joint venture will end on 30 June 2013 as a result of the termination of the cooperation agreement. The contributing markets will return to the parent companies. Should you have any questions, please feel free to contact Stephan Meier, Media Relation SIX Phone: +41 58 399 3290 Fax: +41 58 499 2710 E-mail: [email protected] Dr. Frank Herkenhoff, Deutsche Börse Phone: +49 (0)69 2 11-1 34 80 Mobile: +49 (0)172 619 9759 Fax: +49 (069) 2 11-61 3480 E-Mail: [email protected] SIX Swiss Exchange SIX Swiss Exchange is a leading regulated securities exchange in Europe and unrivalled SIX Swiss Exchange is a leading regulated securities exchange in Europe and unrivalled in the life science area. SIX Swiss Exchange forms the efficient and transparent reference market for trading in its attractive segments of equities, bonds, Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs). SIX Swiss Exchange calculates a wide range of indices – including Switzerland’s foremost equity index, the SMI®, further benchmarks such as the SLI® and SPI® as well as industry, bond and customer indices. -
Reporting on the Reasons for the Acquisition of Own Shares1
REPORTING ON THE REASONS FOR THE ACQUISITION OF OWN SHARES Review Article Economics of Agriculture 3/2014 UDC: 347.728.2 REPORTING ON THE REASONS FOR THE ACQUISITION OF OWN SHARES1 Vladan Pavlović2, Janko Cvijanović3, Srećko Milačić4 Summary Mere knowledge that the company has acquired own shares is not always of great importance. Information on the acquisition of own shares from dissenting shareholders or the squeeze-out of minority shareholders is not of great importance to the users of financial statements. In the first case, it is far more significant to disclose the significant event that allowed dissenting shareholders to resign from the company. However, the purchase of own shares due to certain reasons, such as the purchase of own shares at a premium in order to influence the market value of shares, the repurchase focused on preventing greater harm to the company, which is especially true at a time of financial crisis, or the repurchase of own shares as a means of disbursing shareholders, is of great importance to the users of financial statements. Therefore, modern legislation in developed countries obliges companies to disclose a range of information regarding own shares, including the reasons for the acquisition. The above is also proscribed by the relevant EU directives and national legislation. The paper points out that the legal norms governing the obligation of reporting on own shares in Serbia are not harmonized and that most public companies in Serbia, despite the legal obligation, do not disclose the reasons for the acquisition of own shares. Key words: own shares, reporting, management report, notes to financial statements JEL: M41, G32, K22 1 This paper is a part of the results of the research on Project 179001 supported by the Ministry of Education and Science of the Republic of Serbia. -
Execution Venues List
Execution Venues List This list should be read in conjunction with the Best Execution policy for Credit Suisse AG (excluding branches and subsidiaries), Credit Suisse (Switzerland) Ltd, Credit Suisse (Luxembourg) S.A, Credit Suisse (Luxembourg) S.A. Zweigniederlassung Österreichand, Neue Aargauer Bank AG published at www.credit-suisse.com/MiFID and https://www.credit-suisse.com/lu/en/private-banking/best-execution.html The Execution Venues1) shown enable the in scope legal entities to obtain on a consistent basis the best possible result for the execution of client orders. Accordingly, where the in scope legal entities may place significant reliance on these Execution Venues. Equity Cash & Exchange Traded Funds Country/Liquidity Pool Execution Venue1) Name MIC Code2) Regulated Markets & 3rd party exchanges Europe Austria Wiener Börse – Official Market WBAH Austria Wiener Börse – Securities Exchange XVIE Austria Wiener Börse XWBO Austria Wiener Börse Dritter Markt WBDM Belgium Euronext Brussels XBRU Belgium Euronext Growth Brussels ALXB Czech Republic Prague Stock Exchange XPRA Cyprus Cyprus Stock Exchange XCYS Denmark NASDAQ Copenhagen XCSE Estonia NASDAQ Tallinn XTAL Finland NASDAQ Helsinki XHEL France EURONEXT Paris XPAR France EURONEXT Growth Paris ALXP Germany Börse Berlin XBER Germany Börse Berlin – Equiduct Trading XEQT Germany Deutsche Börse XFRA Germany Börse Frankfurt Warrants XSCO Germany Börse Hamburg XHAM Germany Börse Düsseldorf XDUS Germany Börse München XMUN Germany Börse Stuttgart XSTU Germany Hannover Stock Exchange XHAN -
Discourses of Ethno-Nationalism and Religious Fundamentalism
DISCOURSES OF ETHNO-NATIONALISM AND RELIGIOUS FUNDAMENTALISM SRI LANKAN DISCOURSES OF ETHNO-NATIONALISM AND RELIGIOUS FUNDAMENTALISM By MYRA SIVALOGANATHAN, B.A. A Thesis Submitted to the School of Graduate Studies In Partial Fulfillment of the Requirements for the Degree Master of Arts McMaster University © Copyright by Myra Sivaloganathan, June 2017 M.A. Thesis – Myra Sivaloganathan; McMaster University – Religious Studies. McMaster University MASTER OF ARTS (2017) Hamilton, Ontario (Religious Studies) TITLE: Sri Lankan Discourses of Ethno-Nationalism and Religious Fundamentalism AUTHOR: Myra Sivaloganathan, B.A. (McGill University) SUPERVISOR: Dr. Mark Rowe NUMBER OF PAGES: v, 91 ii M.A. Thesis – Myra Sivaloganathan; McMaster University – Religious Studies. Abstract In this thesis, I argue that discourses of victimhood, victory, and xenophobia underpin both Sinhalese and Tamil nationalist and religious fundamentalist movements. Ethnic discourse has allowed citizens to affirm collective ideals in the face of disparate experiences, reclaim power and autonomy in contexts of fundamental instability, but has also deepened ethnic divides in the post-war era. In the first chapter, I argue that mutually exclusive narratives of victimhood lie at the root of ethnic solitudes, and provide barriers to mechanisms of transitional justice and memorialization. The second chapter includes an analysis of the politicization of mythic figures and events from the Rāmāyaṇa and Mahāvaṃsa in nationalist discourses of victory, supremacy, and legacy. Finally, in the third chapter, I explore the Liberation Tiger of Tamil Eelam’s (LTTE) rhetoric and symbolism, and contend that a xenophobic discourse of terrorism has been imposed and transferred from Tamil to Muslim minorities. Ultimately, these discourses prevent Sri Lankans from embracing a multi-ethnic and multi- religious nationality, and hinder efforts at transitional justice. -
ANNA Annual Report.Indd
Association of National Numbering Agencies scrl AAnnualnnual RReporteport 22014013 Contents 3 Chairman’s Report 2014 5 Objectives and mission statements of ANNA 6 General meetings – ANNA administrative review 2014 13 ANNA Service Bureau – report for 2014 14 Securities business and state of ISIN implementation – worldwide 16 Allocation of ISIN for new financial instruments 19 Working Groups, Task Forces and Reginal Groups 25 List of members by COUNTRY as per May 2015 Appendices 29 A ISO 6166 – an outline of the standard 30 B ANNA Guidelines for ISO 6166, Version 12, August 2014 40 C Geographical division of countries among substitute agencies as per May 2015 50 D ISO 10962 – outline of the CFI-(Classification of financial Instruments-) Code 2 www.anna-web.com Chairman’s Report 2014 Dear ANNA Members and Partners, Association strategy, re-evaluating the approved short, medium and long term The year 2014 has been referred to as the direction. Some modifications were made transitionary year from the Age of Recovery to and the Association strategy was presented the Age of Divergence. for validation by the members at the last EGM; Looking at the events of 2014, Central Bank - A growing number of ANNA members actions and divergence have been the under- continued to contribute to the evolution of lying themes. The view remains that these the ISO 17442 – Legal Entity Identifier (LEI) two factors are having and will continue to standard, to promote ANNA’s federated have, significant influence on the global model and the value added benefits of our financial markets and the direction they will model and the National Numbering Agencies take in the near future. -
1066 1562924295465.Pdf
When it comes to our raring dare to do attitude, we are boundless... Expolanka experienced a journey this year in which the company made leaps and bounds in the industry. Most notably, the freight arm of the conglomerate performed admirably in the year under review as we not only expanded our geographical presence through 4PL services but also through product diversification and explored new avenues in digitalisation. With so many novel ventures highlighted during the past year, we felt it apt to look ahead and take stock of our options; a vast horizon that lies ahead. From the depths of our solid foundation to the seemingly impossible heights of opportunity, we are limitless.. CONTENTS About this Report 04 Group Milestones 05 Financial Highlights 06 Highlights of the Year 07 Chairman’s Message 10 Group CEO’s Review 13 Sustainability Strategy 29 Financial Indicators 17 Material Topics and Topic Boundaries 30 Board of Directors 18 Stakeholder Engagement 35 Organizational Structure 71 Senior Management Team 20 Stakeholder Value Creation 38 Our Footprint 72 Group Performance 23 Capital Management Reports 39 Business Reports 74 Group Strategy 24 Financial Capital 39 Logistics Sector 74 OVERVIEW Manufactured Capital 40 Leisure Sector 81 Intellectual Capital 41 Investments Sector 85 Human Capital 44 OPERATIONAL REVIEW Natural Capital 51 Social and Relationship Capital 60 GRI Index 64 Independent assurance Report 67 INTEGRATED MANAGEMENT DISCUSSION AND ANALYSIS 02 EXPOLANKA HOLDINGS PLC - ANNUAL REPORT 2018 | 2019 Group Real Estate Portfolio -
Annex A, Information Products
ANNEX A, INFORMATION PRODUCTS OF THE EMDDA (APPLICABLE FROM AUGUST 2019) Annex A outlines the following Information products: ■ Euronext Indices Information Products ■ Euronext Cash Information Products ■ Euronext Derivatives Information Products ■ Other Information Products ■ Euronext Real Time Reference Prices All capitalized terms used but not defined herein will have the meaning as defined in the General Conditions. EURONEXT INDICES INFORMATION PRODUCTS Euronext Global Index Group compiles, calculates and publishes indices and iNAVs. It includes indices such as: the main national market indices such as the AEX®, Bel 20®, CAC 40®, ISEQ20® and PSI 20®, global/European/Euronext indices such as the Euronext 100® and Next 150® and a wide variety of sector and other indices. This also comprises volatility indices computed by Euronext, such as the VCAC and VAEX, and strategy indices. Euronext All Indices This Information product provides information relating to all indices calculated and published by Euronext, except for the ISE Bond Index. It includes real-time index levels, open, high, low and closing level of the indices. EURONEXT CASH INFORMATION PRODUCTS Euronext Cash Information Products comprise the Amsterdam, Brussels, Dublin, Lisbon and Paris regulated cash markets, including its equity markets, its Exchange Traded Funds (ETFs) and funds markets, its warrants and certificates markets and its fixed income markets. Euronext Continental Cash (Consolidated Pack) Last Price This Information product provides information about trades on Euronext’s cash markets in Amsterdam, Brussels, Lisbon and Paris and the ETF(s) traded on Euronext Dublin. It includes traded prices and quantities, open, high, low and closing prices of securities traded on Euronext’s cash markets. -
Coming Early to the Party: High Frequency Traders in the Pre-Opening Phase and the Opening Auction of NYSE Euronext Paris
Coming Early to the Party: High Frequency Traders in the Pre-Opening Phase and the Opening Auction of NYSE Euronext Paris Mario Bellia, SAFE - Goethe University Frankfurt ∗ Loriana Pelizzon, SAFE - Goethe University Frankfurt † Marti G. Subrahmanyam, Leonard N. Stern School of Business - New York University ‡ Jun Uno, Waseda University Tokyo § Darya Yuferova, Norwegian School of Economics ¶k First Version: March 15, 2017 This Version: August 23, 2017 Abstract This paper examines the strategic behavior of High Frequency Traders (HFTs) during the pre-opening phase and the opening auction of the NYSE Euronext Paris exchange. Using data provided by the Base Européenne de Données Financières à Haute Fréquence (BEDOFIH), we find that HFTs actively participate in the pre-opening phase. Contrary to common wisdom, HFTs do not delay their order submission decisions until the very last moment of the pre-opening phase of the trading day. They are able to successfully extract information from the pre-opening order flow, as manifested by the potential profits they make on the positions they take in the opening auction. However, HFTs participate in the pre-opening phase also to post “flash crash” orders, with the aim of gaining time priority under extreme market conditions. Furthermore, HFTs make profits on orders submitted in the last second before the opening auction; however, so do slow traders, suggesting that speed is not a necessary condition to make profits in these last second orders. HFTs lead the price discovery process during the pre-opening phase, and neither harm nor improve liquidity provision in the opening auction. Our analysis highlights that HFTs who “come early to the party” enjoy the party (they make profits), however, they also help the other market participants enjoy the party (they improve market quality) and do not have a privileged entrance to the party (their speed advantage is not a necessary condition to make profits). -
Liquidity Risks and Asset Pricing in Asian Stock Markets
CAPITAL UNIVERSITY OF SCIENCE AND TECHNOLOGY, ISLAMABAD Liquidity Risks and Asset Pricing in Asian Stock Markets by Sadia Saeed A thesis submitted in partial fulfillment for the degree of Doctor of Philosophy in the Faculty of Management & Social Sciences Department of Management Sciences 2020 i Liquidity Risks and Asset Pricing in Asian Stock Markets By Sadia Saeed (PM131010) Dr.Biagio Simonetti , Associate Professor Universita del Sannio,Italy (Foreign Examiner 1) Dr.Zam Zuriyati Binti Mohammad, Assistant Professor University Tunku Abdul Rehman, Malaysia (Foreign Examiner 2) Dr. Arshad Hassan (Thesis Supervisor) Dr. Mueen Aizaz Zafar (Head, Department of Management Sciences) Dr. Arshad Hassan (Dean, Faculty of Management & Social Sciences) DEPARTMENT OF MANAGEMENT SCIENCES CAPITAL UNIVERSITY OF SCIENCE AND TECHNOLOGY ISLAMABAD 2020 ii Copyright c 2020 by Ms. Sadia Saeed All rights reserved. No part of this thesis may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, by any information storage and retrieval system without the prior written permission of the author. iii This thesis is dedicated to my beloved parents; To whom I owe my whole life. To my brother; Usman Saeed. To my sister Nadia Saeed vii List of Publications It is certified that following publication(s) have been made out of the research work that has been carried out for this thesis:- 1. Saeed, S., & Hassan, A. (2018). Inter-linkages between Liquidity and Stock Returns: An Empirical investigation through Panel Cointegration. Pakistan Journal of Commerce and Social Sciences (PJCSS), 12(2), 617-637. 2. Saeed, S.,& Hassan, A. -
Compliance Statement
Compliance Statement Administrator: Euronext Dublin Full name: Euronext Dublin (The Irish Stock Exchange plc) Relevant National Competent Authority: CBI Compliance Statement Euronext Indices Euronext Dublin Version notes latest version February 2020 Version Version notes Euronext Dublin 1 October 2019 Initial version February 2020 Updated version including all new indices since 2 initial version. 3 4 5 6 Note: addition of indices does not lead to a new version of this statement. The lists will be kept up to date.The most recent update of the list was issued 09-Jun-2020. Only changes in significant indices and cessations of indices are marked as new version of the Compliance statement. This publication is for information purposes only and is not a recommendation to engage in investment activities. This publication is provided “as is” without representation or warranty of any kind. Whilst all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. All proprietary rights and interest in or connected with this publication shall vest in Euronext. No part of it may be redistributed or reproduced in any form without the prior written permission of Euronext. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at terms of use euronext For further information in relation to Euronext Indices please contact: [email protected] (c) 2020 Euronext N.V. -
Report of the 5 Th Meeting
FIFTH MEETING OF THE OIC MEMBER STATES’ STOCK EXCHANGES FORUM FINAL REPORT OF THE FIFTH MEETING OF THE OIC MEMBER STATES’ STOCK EXCHANGES FORUM ISTANBUL, SEPTEMBER 17-18, 2011 The Marmara Hotel Istanbul, September 2011 1 FINAL REPORT OF THE FIFTH MEETING OF THE OIC MEMBER STATES’ STOCK EXCHANGES FORUM ISTANBUL, SEPTEMBER 17-18, 2011 The Marmara Hotel Istanbul, September 2011 2 TABLE OF CONTENTS Final Report of the Fifth Meeting of the OIC Member States’ Stock Exchanges Forum ANNEXES I. Presentation by Mr. Thomas Krabbe II. Presentation by Mr. Roland Bellegarde III. Presentation by Mr. Lauri Rosendahl IV. Presentation by Mr. Stephan Pouyat V. Presentation by Mr. Philippe Carré VI. Presentation by Mr. Rushdi Siddiqui on behalf of Thomson Reuters VII. Presentation by Mr. Ibrahim Idjarmizuan on behalf of IFSB VIII. Presentation by Mr. Gürsel Kona from the Istanbul Stock Exchange IX. Presentation by Mr. Ijlal Alvi on behalf of IIFM X. Presentation by Avşar Sungurlu, on behalf of BMD Securities Inc. XI. Presentation by Mr. Hüseyin Erkan, as Forum Chairman XII. Presentation by Şenay Pehlivanoğlu on behalf of the Task Force for Customized Indices and Exchange Traded Islamic Financial Products XIII. Presentation by Mr. Charbel Azzi on behalf of S&P Indices XIV. Presentation by Dr. Eralp Polat on behalf of the Forum Secretariat XV. Presentation by Mr. Abolfazl Shahrabadi and Mr. Hamed Soltaninejad on behalf of the Task Force for Capital Market Linkages 3 FINAL REPORT OF THE FFIFTH MEETING OF THE OIC MEMBER STATES’ STOCK EXCHANGES FORUM ISTANBUL, SEPTEMBER 17-18, 2011 4 Original: English FINAL REPORT OF THE FIFTH MEETING OF THE OIC MEMBER STATES’ STOCK EXCHANGES FORUM (Istanbul, September 17-18, 2011) 1. -
Tel Aviv Stock Exchange
Case Study Tel Aviv Stock Exchange migrates critical mainframe Objective applications with HPE Eliminate the risk of legacy mainframe environment operations while avoiding dependence on mainframe specialists Redefines its environment by implementing a and reducing costs low-risk, high-return mainframe migration Approach Leverage HPE Data Center Platform Consulting services to efficiently and safely migrate mainframe apps to distributed server infrastructure IT Matters • Migrating to standards-based solutions drives cost reductions • Shifting to open systems servers eliminates the need for hard-to-find mainframe specialists • Standardized Linux environment streamlines development, QA, and operations Business Matters • Migration and transformation was completed on time with no downtime or disruption The Tel Aviv Stock Exchange needed to The Tel Aviv Stock Exchange (TASE) is the • Management expects to continue to migrate its mission-critical applications from only stock exchange in Israel. It offers a “one- meet cost reduction and TCO objectives an IBM mainframe environment and turned to stop shop” that includes trading in equities, for the migration HPE Data Center Platform Consulting services bonds, and derivatives. TASE has 25 members • TASE expects a full return on to help plan and implement a platform including Israeli and international banks and investment for its migration within less migration strategy from its older, proprietary brokers, and TASE is trading in 1,900 equities than three years systems. With HPE Data Center Platform and bonds and 2,500 derivatives series. Consulting, the Tel-Aviv Stock Exchange was Its daily turnover in the equities market is also able to bring industry-leading availability, approximately 1.5 billion Israeli shekels, which increased performance, and uncompromising is about $400 million client choice to support all of its IT needs.