Exchanges
EEX names Christoph Mura COO
Christoph Mura has become the chief operating officer (COO) of the Leipzig-based derivatives exchange, European Energy Exchange (EEX), effective January 1.
Eurex to list Kospi 200 options
Seoul-based Korea Exchange (KRX) and Frankfurt-based derivatives exchange Eurex have struck an agreement allowing Eurex to list, trade and clear daily futures on Kospi 200 options worldwide after South Korean trading hours.
Liffe expands clearing capabilities
BClear, the clearing platform of NYSE Euronext's derivatives business, Liffe, will clear commodity swaps and options in Q1 2009.
Brazil faulty
Profile
DIFX to launch stock futures
Dubai International Financial Exchange (DIFX) is set to launch its first stock index futures and single-stock futures in late November as part of a series of moves to help boost liquidity on the market.
DTCC and LCH.Clearnet plan €739 million merger
The Depository Trust and Clearing Corporation (DTCC), the largest clearing house in the US, and European clearer LCH.Clearnet have agreed to merge, a move the companies claim will create the world's largest clearing house.
Lehman unwind could take years, says PWC
Unwinding the hundreds of billions of dollars worth of assets and liabilities held by Lehman Brothers could take years, according to Tony Lomas, a partner at PricewaterhouseCoopers (PWC), which has been appointed administrator to Lehman Brothers…
London Stock Exchange suspends trading
The London Stock Exchange suspended trading this morning at 0915 GMT, eight minutes after commencing.
Drop in August Eurex volumes masks steady growth
A drop in August trade volumes at Frankfurt-based derivatives exchange Eurex is a result of unusually high volumes in 2007 and disguises steady growth so far this year.
Changing exchanges
Alternative trading venues
Gearing for clearing
Clearing
Eurex OTC Trade facilities
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Shareholders approve CME's Nymex takeover
Shareholders on both sides have approved CME Group's takeover of the New York-based exchange Nymex, which, combined with the Chicago Mercantile Exchange, would create a single market dominating the US futures industry.
Liffe to clear credit derivatives in Q4
London-based derivatives exchange Liffe will begin clearing contracts linked to the Markit iTraxx indexes of European credit default swaps (CDSs) during the fourth quarter of 2008.
CFTC closes ‘London loophole’
The Commodity Futures Trading Commission (CFTC) has moved to impose US position limits and hedge exemption requirements on US customers trading West Texas Intermediate (WTI) crude oil on the London-based Ice Futures Europe exchange.
CBOE rights debate could be overcome
A major impediment to the Chicago Board Options Exchange’s (CBOE) planned demutualisation could be overcome by a settlement it presented to its members on June 2.
ICE buys Creditex in bid to access lucrative CDS market
The IntercontinentalExchange (Ice) has agreed to aquire credit derivatives interdealer-broker Creditex in a deal worth $625 million, in an attempt to gain a foothold in the burgeoning credit default swaps (CDS) market.
LME updates plastics contracts
The London Metals Exchange (LME) has altered its plastics derivatives contracts so their terms are more like those of non-ferrous metals contracts listed on the exchange, such as aluminium.
DGCX to launch oil futures
Dubai Gold and Commodities Exchange (DGCX) will launch West Texas Intermediate (WTI) light sweet crude oil and Brent crude oil futures contracts on May 27.
CME Group buys Nymex and offloads metals
Exchange consolidation continued over the weekend, with CME Group buying Nymex, the New York-based metals and energy exchange, and selling its own metals business to the NYSE Euronext group.
Project Rainbow to rival European exchanges
A new trading platform - dubbed Project Rainbow - is being developed by a consortium of major derivatives trading houses to compete with Europe’s exchanges, according to a source at a large European bank.
CME faces competition questions from DOJ
The US Department of Justice (DOJ) has questioned the Chicago Mercantile Exchange's vertical structure, and whether it creates an anti-competitive marketplace. A DOJ letter, dated January 31 and addressed to the US Department of Treasury, argued that the…