Exchanges
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…
EEX and Eurex to launch CER carbon futures
The European Energy Exchange (EEX) and derivatives exchange Eurex will launch futures on certified emission reduction (CER) carbon credits on EEX on March 26.
HKEx introduces new market access products
The Stock Exchange of Hong Kong listed six zero-strike derivative warrants on non-Hong Kong underlying assets on January 30.
CME Group in talks to buy Nymex
Chicago-based CME Group is in preliminary discussions aimed at acquiring the New York Mercantile Exchange (Nymex), the two firms announced on January 28.
Liffe to list options on stock index ETFs
London-based derivatives exchange Liffe is to list options on the iShares FTSE 100 and DJ Euro Stoxx 50 exchange-traded funds (ETFs), which are operated by San Francisco-based asset manager Barclays Global Investors.
SG launches Kuala Lumpur Composite Index warrants in Singapore
Société Générale will launch the first five warrants on the Kuala Lumpur Composite Index (KLCI) to be listed on the Singapore Stock Exchange on January 17.
Dubai oil exchange approved for block trading
The Dubai Mercantile Exchange (DME) received approval yesterday for block trading of its Oman crude oil futures, which will allow traders to submit off-exchange transactions.
Shanghai launches gold futures
The Shanghai Futures Exchange (SFE) will launch trading in gold futures on Wednesday, January 9. The contract size has been set at 1,000 grams, rather than 300g as earlier announced, chiefly to discourage speculation by individual investors.
Donohue: further exchange consolidation ahead
The global exchange industry will see yet more consolidation during 2008, believes Craig Donohue, chief executive of the CME Group in Chicago.
TSX to take over Montreal exchange
TSX Group, which owns the Toronto Stock Exchange, is to buy the Montreal Exchange, after overcoming resistance from its management.
BClear extends into Russian and eastern European stocks
London-based derivatives exchange Liffe added various Russian and eastern European equities to its BClear platform on December 5. The platform provides exchange-like clearing to wholesale over-the-counter equity derivatives trades.
LiquidityHub opens with euro swaps
London-based electronic trading consortium LiquidityHub began offering euro interest rate swaps from 12 major dealers on October 22, slightly later than planned.
CFFEX nears launch as first members announced
The China Financial Futures Exchange (CFFEX) has named its first clearing and trading members.
CBOE and Taifex sign MOU
The Chicago Board Options Exchange (CBOE) and the Taiwan Futures Exchange (Taifex) signed a memorandum of understanding (MOU) on September 6 on the sharing of information for the development of options and other derivatives products.
Liffe lists JP Morgan index future on Bclear
JP Morgan and London-based derivatives exchange Liffe are pairing to launch a bespoke index future on Liffe's Bclear platform on September 10.
DIFX boosts structured products
The Dubai International Financial Exchange (DIFX) has opened its new structured products platform for retail trade, and added products based on local underlyings for the first time.
Euronext to launch volatility indexes
Euronext will launch its first three volatility indexes on September 3: the AEX Volatility Index, the BEL20 Volatility Index and the CAC40 Volatility Index.
CME seals deal with CBOT
The Chicago Mercantile Exchange finally closed its merger with the Chicago Board of Trade yesterday, after a bidding war with the Atlanta-based Intercontinental Exchange.
CME offers CBOT shareholders “best and final offer”
The Chicago Mercantile Exchange (CME) has upped its bid for cross-town competitor the Chicago Board of Trade (CBOT) for the third and “final” time, ahead of a shareholder vote on July 9.
HKEx extends tech maintenance agreement with OMX for derivatives trading and clearing
Hong Kong Exchanges and Clearing (HKEx) has extended its partnership with exchange technology vendor OMX for the support and maintenance of its derivatives trading and clearing and settlement systems for another five years.
CBOE launches PutWrite index
The Chicago Board Options Exchange (CBOE) has launched the CBOE S&P 500 PutWrite Index, a new benchmark index based on selling S&P 500 Index (SPX) put options in order to buy short-term US Treasury bills.
CME to expand its S&P portfolio
After losing its licensing agreement with Russell Investment Group to the Intercontinental Exchange (ICE), the Chicago Mercantile Exchange (CME) has announced it will expand its Standard & Poor's equity index futures portfolio with an index for small-cap…
ICE takes over Russell Index futures contracts
The Intercontinental Exchange (ICE) has won exclusive rights to derivatives on the Russell series of equity indexes. The deal could give the exchange the edge in the continuing takeover battle over the Chicago Board of Trade.