上海 油压 龙凤论坛

BRICS stock exchanges form alliance

first_img17 October 2011The stock exchanges of the BRICS emerging market bloc – Brazil, Russia, India, China and South Africa – have announced an initiative to cross-list benchmark equity index derivatives on each other’s boards, in an effort to expose investors to opportunities in the world’s leading developing markets.Following that, the alliance will develop innovative products to track the BRICS exchanges. The initiative was announced at the 51st annual general meeting of the World Federation of Exchanges (WFE) in Johannesburg last week.Exposure to leading developing marketsThe initiative brings together the BM&F BOVESPA from Brazil, Moscow Interbank Currency Exchange (MICEX) from Russia, Hong Kong Exchanges and Clearing Limited (HKEx) as the initial China representative, and South Africa’s JSE Limited.The National Stock Exchange of India (NSE) and the BSE Limited (formerly known as Bombay Stock Exchange) have signed letters of support and will join the alliance after finalising outstanding requirements.These seven exchanges represent a combined listed market capitalisation of US$9.02-trillion, equity market trading value per month of $422-billion and 9 481 companies listed. They also accounted for over 18% of all exchange-listed derivative contracts traded by volume worldwide, as of June this year.“Global investors are increasingly seeking exposure to leading developing markets,” said HKEx and WFE chairman Ronald Arculli. “The close relationship of the BRICS stock exchanges is behind this initiative, through which investors worldwide will gain easier access to benchmark equity index derivatives which will now be offered in local currency on these exchanges.“These cross-listings are planned to take place by June 2012.”Growing relevance of BRICS economiesThis was an important moment in the history of developing countries, said Arculli. “The alliance enables more investors to gain exposure to the BRICS bloc of emerging economies, with its increasing economic power.”From a global perspective the alliance pointed to the growing relevance of the BRICS economies and financial markets in the coming decade and further underlined the reason for the BRICS relationship, he said.As well as being barometers of market performance, indices also form the basis of other tradable products including exchange traded funds. “As a logical second phase in the alliance, the exchanges have agreed to work together to develop new products for cross-listing on the respective exchanges,” said JSE chief executive Russell Loubser.The second phase will also include the development of products combining exposures to equity indices of all alliance partner exchanges. “These products would then be cross listed and traded in local currencies,” said BM&F BOVESPA chief executive Edemir Pinto. “They will also allow investors to gain exposure to other emerging markets through a locally listed product.”Opportunities to participate in growthThe third phase may include product developments and cooperation in additional asset classes and services.“Apart from cross-listing products, there are other opportunities which can be explored, which have great potential and will promote greater development and understanding of the respective markets,” said MICEX President Ruben Aganbegyan.BSE chief executive Madhu Kannan said that the BRICS exchanges alliance held great promise, as it would create avenues for Indian investors to diversify and expand into other emerging markets.“It will also provide unique opportunities to investors in other BRICS nations to participate and contribute in India’s growth,” he said. “BSE will actively work towards bringing world-class products to India as well as developing new products for other BRICS markets.”The interest in the BRICS economies is prompted by above-average growth predicted for these regions, as well as the rising consumer power generated by growing middle classes in each nation.“The growth of this consumer class implies that demand will accelerate within these countries,” says National Stock Exchange of India MD Ravi Narain.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Titanium 1.0 Launches: Build Native Apps for Desktop, Mobile & iPad

first_imgThe Rise and Rise of Mobile Payment Technology What it Takes to Build a Highly Secure FinTech … Role of Mobile App Analytics In-App Engagement Why IoT Apps are Eating Device Interfaces Related Posts center_img sarah perez Tags:#mobile#Product Reviews#web Today Appcelerator is launching version 1.0 of their Titanium app-building system which allows developers to build mobile and desktop applications using standard web technologies like HTML, JavaScript and CSS. In addition to supporting desktop platforms like PC, Mac, and Linux, the new version of Titanium now supports both iPhone and Android with RIM Blackberry and Apple iPad support just around the corner. Unlike other DIY toolkits that promise mobile apps without needing to know code, Titanium lets web developers leverage their existing skills to build native mobile applications that do anything any app built using that platform’s specific technologies could, like access the phone’s camera or stream video, for example. What’s New Titanium’s code base has been improved over the past few months resulting in a number of upgrades to performance. Notes the company, “load times are under 3 seconds, down from 10-20 seconds, transitions between pages are instantaneous and processing speed has improved five-fold.” They’ve additionally added more features to offer over 100 native UI controls, native 2D/3D animation capabilities and data and media presentation capabilities. With these new improvements, developers can now build branded apps, casual games and augmented reality applications that run on any of the supported platforms. Why Titanium?When asked to explain what really made Titanium different than the other app-building services out there, the company’s VP of Marketing, Scott Schwarzhoff explained that many of its competitors were simply offering web apps disguised as native apps as opposed to offering the real deal. Every other offering is not even close, he says. “Native user interface (over *100* native APIs)? We’re the only provider. Push notifications? We’re it. Native maps? Same thing. Facebook Connect? We’re the only one. Application analytics? That’s us. Augmented reality? Ditto. The list goes on and on.”Since June of last year, the Titanium platform has attracted over 27,000 developers thanks to what the company has dubbed their “native advantage.” Described here on the company’s website, this includes support for things like native controls, location-based services, social sharing, HTML5, online or on-device databases, integrated analytics, rich multimedia and more. With the launch of the iPad only weeks away, Appcelerator is promising support for Apple’s new slate device by the third week of March. Blackberry support will follow in May/June. Titanium’s Community edition will be completely free while a pro version offers premium support, analytics and beta access to new versions.Note: After this post was published, Appcelerator rival Rhomobile got in touch. They took issue with some of Appcelerator’s statements. Specifically, they wanted it to be known that Rhomobile’s Rhodes supports push as well as native mapping and Rhodes was the first native smartphone app development framework to do so. Also of note, they claim Rhomobile supports native UI in the only way that is portable. If you want to port to other platforms, Appcelerator’s methods do not work they said.last_img read more