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War of words escalates in Cbot battle

A week after IntercontinentalExchange (ICE) announced its audacious $10 billion attempt to prise the Chicago Board of Trade from their grip, Chicago Mercantile Exchange executives gathered in Chicago to pour scorn on the proposal.

CPSS: OTC settlements good, but still room for improvement

Systems for the clearing and settlement of over-the-counter (OTC) derivatives trades have strengthened over the past few years, but further progress is needed to reduce risk, according to a Committee on Payment and Settlement Systems (CPSS) report issued…

ICE proposes $10 billion merger with CBOT

The IntercontinentalExchange (ICE) has made a proposal to the Chicago Board of Trade to combine the two companies in a stock-for-stock transaction that would create the world’s most comprehensive derivatives exchange, ICE announced today.

Under the yoke

The Reserve Bank of India released its long-awaited draft derivatives regulations in early December. But far from opening the market up to a wider universe of products, dealers complain the derivatives market has been reined back in.

Singapore stakes its claim

The lion city is pushing for a slice of the fast growing Islamic finance market - a move that may put it on a collision course with its more established peers, notably Malaysia.

Working group to set up diamond derivatives

After a meeting with the International Swaps and Derivatives Association, UK-based cut diamond market data provider Polished Prices is putting together a working group aimed at creating a market in diamond derivatives.

A dangerous precedent

European power market participants are up in arms over a draft law in Germany which, if passed, could devastate liquidity both in Germany and beyond by allowing the German Cartel Office to force some suppliers to price their power on a cost basis. Oliver…

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