Exchanges
Derivatives dealers focus on mid-caps
Derivatives dealers are focusing more on mid-cap corporates this year as an alternative to the arguably over-banked blue chip companies, say some market participants.
DrKW becomes first foreign member of Warsaw Stock Exchange
Dresdner Kleinwort Wasserstein (DrKW) today became the first non-Polish financial institution to become a member of the Warsaw Stock Exchange. This will allow DrKW’s institutional clients to trade Polish stocks and derivatives from April 1.
Warsaw Stock Exchange launches interest rate derivatives
The Warsaw Stock Exchange has launched its first interest rate derivatives contract in the form of Polish Treasury note futures.
HKEx targets derivatives growth
Hong Kong Exchanges and Clearing has scheduled a number of new initiatives for 2005 to combat flagging investor interest in derivatives. It also plans to expand and promote its distribution of market data to a wider user base in the Far East.
Eurex US offers three-year Treasury derivatives
Eurex US will list futures and options on futures in the three-year Treasury note market starting on February 1. The electronic derivatives exchange, which is part of the Deutsche Börse Group, already offers these products on two-, five- and 10-year…
Derivatives exchanges look to expand market-making capabilities
Eurex, the electronic derivatives exchange, has widened the scope of its European equity options market-making (MM) programme.
Software glitch halts CBOE trading
The Chicago Board Options Exchange (CBOE) suffered an interruption in its order routing and dissemination reporting last Wednesday.
Russell opens up to options exchanges
Russell Investment Group, a Washington-based provider of investment services and products, is to allow options exchanges to create products based on its family of index products.
EEX launches daily CO2 price index
The European Energy Exchange (EEX) in Germany has started publishing a reference price for the trade in CO2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which…
CBOT develops liquidity analytics tool
The Chicago Board of Trade (CBOT) will introduce a new market data display application this week, in an effort to provide greater market transparency and help participants make better intraday trading decisions.
CME opts for European-style options
The Chicago Mercantile Exchange (CME) is converting all its standard equity index options from American to European-style options.
Anti-competitive probe focuses on Amex and CBOE
The American Stock Exchange (Amex) and Chicago Board Options Exchange (CBOE) are being investigated for possible anti-competitive practices, according to the National Association of Securities Dealers (NASD).
IPE relaunches UK power futures
The International Petroleum Exchange (IPE), the London-based energy futures and options exchange, will relaunch UK baseload and peakload electricity futures contracts on September 14. Meanwhile, London-based clearing house LCH Clearnet yesterday cleared…
CME to convert equity index options to European-style expiration
The Chicago Mercantile Exchange has said it will convert all its equity index options to European-style expiration by the end of the year as part of an aggressive growth strategy.
Shanghai Futures Exchange signs MoU with Nymex
The Shanghai Futures Exchange (SHFE) has signed a memorandum of understanding (MoU) with the New York Mercantile Exchange (Nymex) to explore potential areas of cooperation for the mutual benefit of both exchanges.
Tiffe ponders weather derivatives contracts
The Tokyo International Financial Futures Exchange (Tiffe) plans to list Japanese weather contracts, and is in talks with several parties over the contract details and marketing processes, a Tiffe official said.
CME appoints lead market-maker for fertiliser futures
The Chicago Mercantile Exchange (CME) has named Agriliance as the lead market-maker for the exchange’s new fertiliser contracts traded on Globex, the exchange’s electronic trading platform.
CME’s Falsafi promoted
The Chicago Mercantile Exchange’s (CME) Arman Falsafi has been promoted to managing director for Europe and Asia. Previously, she was head of Globex, the exchange’s electronic trading platform.
Eurex US gets regulatory approval from Spain and Italy
Regulators have cleared the way for Spanish and Italian traders to directly access derivatives exchange Eurex US, which was launched in February.
Record half-year for Eurex
Derivatives exchange Eurex turned over a record 553 million contracts in the first half of this year, up from 524 million contracts, around 5%, for the same period of 2003.
Amex plans new ETF product
The American Stock Exchange (Amex) is working towards providing actively managed exchange-traded funds (ETF) without fully disclosing fund holdings, said Tony Baker, managing director of ETF Marketplace, Amex's ETF division.
Nymex fires opening shots for ICE
Nymex has made a $150 million cash bid for the Atlanta-based Intercontinental Exchange (ICE), and would also pay $67 million to shareholders of the International Petroleum Exchange (IPE), according to a senior Nymex official.
Shanghai Futures Exchange signs MoU with LME
The Shanghai Futures Exchange (SHFE) signed a memorandum of understanding with the London Metal Exchange (LME) today.
CME to offer electronic forex trading through Reuters terminals
Reuters customers will have direct access to the professional interbank foreign exchange markets via the Chicago Mercantile Exchange’s (CME) electronic trading platform, Globex, later this year.