Sunday, August 7, 2011

Stock Exchanges

http://en.wikipedia.org/wiki/BM%26F_Bovespa
Excerpt:
The BM&FBOVESPA (Portuguese pronunciation: [boˈvespa]; in full, Bolsa de Valores, Mercadorias & Futuros de São Paulo) is a stock exchange located at São Paulo, Brazil. As of December 31, 2010 it had a market capitalization of US $1.54 Trillion, making it one of the largest in the world. On May 8, 2008, the São Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F) merged, creating BM&FBOVESPA.[2] The benchmark indicator of BM&FBOVESPA is the Índice Bovespa. There were 381 companies traded at Bovespa as of April 30, 2008.[3]
On May 20, 2008 the Ibovespa index reached its 10th consecutive record mark closing at 73,516 points, with a traded volume of USD 4.2 billion or BRL 7.4 billion.[4]
BM&FBOVESPA has offices in New York, Shanghai and London.


http://cbrayton.wordpress.com/2007/07/04/the-man-who-broke-the-brazilian-bourse/
Excerpt:
ISTOÉ Dinheiro: Our friend Leonardo Attuch, serial hagiographer of Brazilian big businessmen — and alleged collaborator with Daniel Dantas and Mangabeira Unger in Dantas’ bid to retain control of Brasil Telecom per fas et nefas — is back with this cover story on “the man who broke the Brazilian bourse” in 1989 and says he plans to do it again.
The Lebanese investor proposes to sue the BOVESPA (São Paulo stock market) and BM&F (the national mercantile and futures exchange) for $10 billion. The magazine consecrates its cover to the story.
CartaCapital published a note on the gentleman back on June 8. I will note that in bit.
BOVESPA is planning to IPO shortly, I think.
I have not the slightest idea what this is all about.
But I will translate and then see what I can dig up.

http://en.wikipedia.org/wiki/Frankfurt_Stock_Exchange
Excerpt:
Frankfurt am Main.
In 2002 and 2004 Deutsche Börse was in advanced negotiations to take over London Stock Exchange, which were broken off in 2005.[1]
Today, the Frankfurt Stock Exchange is the world's 12th largest stock exchange by market capitalization.

http://en.wikipedia.org/wiki/Deutsche_B%C3%B6rse
Excerpt:
Deutsche Börse is the owner of Clearstream, a clearing house based in Luxembourg, and Market News International (MNI), a global financial news agency.

http://en.wikipedia.org/wiki/Clearstream
Excerpts:
1)  Clearstream has been criticized for allowing banks to move money undetected and has been accused of involvements in a number of cases involving money laundering and tax evasion. Two notable cases have become known as the Clearstream Affair which started with the release of the book Révélation$ in 2001 by the investigative reporter Denis Robert and ex-Clearstream banker Ernest Backes and the Second Clearstream Affair which started in 2004 when anonymous denunciations was sent to magistrate Renaud Van Ruymbeke accusing a number of major French political figures of having received kickbacks.

2) History
Clearstream was formed in 1971 as CEDEL, specialising in the delivery and settlement eurobonds. It was created by a consortium of banks as a competitor to Euroclear, which was then owned by US bank J.P. Morgan & Co., being a monopoly in this area.
Clearstream's customers are banks or financial institutions who have accounts with Clearstream which are used to settled and delivered eurobonds with their counterparts. No individual can open an account with Clearstream.
In 1996, Clearstream obtained its own banking license.
In January 2000 it became Clearstream through the merger of Cedel International and Deutsche Börse Clearing, a subsidiary of Deutsche Börse Group, which owns the Frankfurt Stock Exchange when it took a 50% shareholding.
In July 2002, Deutsche Boerse bought the remaining 50% of Clearstream International for 1.6 billion euros.
In 2009 Clearstream contributed Earnings Before Interest and Taxes of €720 million to Deutsche Börse's. It handled 102 million transactions, and was custodian of securities worth €10.3 trillion.[1]

http://www.tdd.lt/slnews/Stock_Exchanges/Stock.Exchanges.htm
Excerpt:

Stock Exchanges Worldwide Links is a list of world's major stock exchanges and other exchange resources. The number of stock exchanges in the world is growing rapidly, so we maynot be able to track all of their pages. If you know of any stock exchange WWW sites not included in this list, please tellus (please specify an exact stock exchange name and URL).

http://www.nytimes.com/2011/02/14/opinion/14Salmon.html
Excerpt:
These days a healthy stock market doesn’t mean a healthy economy, as a glance at the high unemployment rate or the low labor-market participation rate will show. The Tea Party is right about one thing: What’s good for Wall Street isn’t necessarily good for Main Street. And the Germans aren’t buying the New York Stock Exchange for its commoditized, highly competitive and ultra-low-margin stock business, but rather for its lucrative derivatives operations.
The stock market is still huge, of course: the companies listed on American exchanges are valued at more than $17 trillion, and they’re not going to disappear in the foreseeable future.
But the glory days of publicly traded companies dominating the American business landscape may be over. The number of companies listed on the major domestic exchanges peaked in 1997 at more than 7,000, and it has been falling ever since. It’s now down to about 4,000 companies, and given its steep downward trend will surely continue to shrink.

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