ISE annual meet elects 5 new member directors

ISLAMABAD: Islamabad Stock Exchange (ISE) in its 20th annual meeting held elected five new member directors here.The newly elected five member directors included Chaudhry Iftikhar Ahmad, Farrukh Yunus, Mian Hamayun Pervaiz, Wasimul Huque Malik and Syed Mukhtar Hiussain. However, Securities and Exchange Commission of Pakistan (SECP) would nominate the remaining four non-member directors, ISE officials told Geo News here. ISE Board of Directors comprises of five member and four non-member directors, while the 10th one is the ISE managing director himself.

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Deutsche Boerse

Now that Paris's Euronext looks set to merge with the New York Stock Exchange, the biggest challenge for Reto Francioni, the new Deutsche Börse CEO, is to make sure Frankfurt stays relevant in the race to consolidate stock markets. At least he has the means to remain a key player. His predecessor, the abrasive Werner Seifert, who resigned last year amid a dispute with hedge fund shareholders, did turn the operator of the Frankfurt Stock Exchange into an extraordinary cash cow. The company, which also controls the Eurex derivatives exchange and Clearstream clearing operation, reported profits of $207 million in the first quarter, an increase of almost 50% compared with a year earlier.Thanks to Seifert, Deutsche Börse was a pioneer in electronic trading; today the Frankfurt exchange is an eerily quiet place, filled with traders staring at computer screens rather than shouting bids. But, despite many attempts, Seifert was never able to pull off a merger with another big European bourse such as the London Stock Exchange. Now, it's up to Francioni.

The London Stock Exchange

The City of London is an area of about one square mile, sometimes known as the Square Mile, on the north bank of the River Thames.
The boundaries are basically the Tower of London in the east, the Temple Bar in the west and the River Thames in the south and Smithfield in the north.
There are some big tourist attractions in the city. St Paul's Cathedral, The Tower of London, The Old Bailey, The Bank of England, Lloyds Building and Tower 42.
The present St Paul's Cathedral was designed by Christopher Wren as part of the re-building of London after the fire, and the building was eventually completed in 1710.
The Lloyd's Building was designed by Richard Rogers, the same architect that designed the Pompidou Centre in Paris. Opened in 1986, it is one of the most well known modern buildings in London.

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