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SocGen launching tradeable CDS index

Société Générale is launching a tradeable credit derivatives index, dubbed Credindex. The new index aims to simplify the process of investing in credit derivatives, to appeal to retail clients who are underinvested in the asset class.

Trading Technologies expands team in Asia

Chicago-based trading platform provider Trading Technologies (TT) has made several hires in Asia, following the opening of its Asia-Pacific headquarters in Singapore in July.

CME, CBOT to merge

The Chicago Mercantile Exchange is to merge with the Chicago Board of Trade in a move the exchanges say is “expected to transform global derivatives markets.”

Hong Kong SFC appoints chairman

Hong Kong’s Securities and Futures Commission (SFC) has appointed Eddy Fong as chairman with effect from October 20. The position had been vacant since late June, when previous chairman Martin Wheatley became chief executive.

CME and CBOT to merge

The Chicago Mercantile Exchange and the Chicago Board of Trade are to merge, forming a new exchange valued at $25 billion.

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