BClear, the clearing platform of NYSE Euronext's derivatives business, Liffe, will clear commodity swaps and options in Q1 2009.The new soft and agricultural commodity products will be priced against the benchmark robusta coffee, cocoa and white sugar contracts already traded on Liffe.
Liffe currently clears equity and index products on BClear, and is due to begin clearing credit default swaps (CDS) referencing the Markit iTraxx Europe investment grade, HiVol and Crossover indexes as of 22 December.
The CME Group in conjunction with Chicago-based Citadel Investment Group, and the IntercontinentalExchange together with the Clearing Corporation, have both confirmed that their plans to launch a central counterparty for credit default swaps (CDSs) are ready to be rolled out upon gaining regulatory approval. Eurex intends to launch its clearing service in the first half of 2009.
More on Exchanges
Chicago-based exchange targets China, India and LatAm growth
Stock exchange group has “excess cash”, says group CEO
Increased volatility will spur demand for risk management tools in Asia
Onshore derivative market is the focus for Osaka Securities Exchange
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.