Exchanges
ETF growth means AUM will top $2 trillion by 2011
The global trend of growth in exchange-traded funds (ETFs) looks set to continue, spurred by a rise in institutional investor participation and geographical growth.
New world order
Regulation
The wrong market for credit derivatives?
Credit derivatives
Going nuclear
Commodities
CBOT to launch CBOT CDR Liquid 50 NAIG Index futures contracts
The Chicago Board of Trade (CBOT) has announced plans to launch electronically-traded credit default swap index futures contracts.
Man Group plans hedge fund IPO
Man Group is planning to list its Man Dual Absolute Return Fund, a new closed-end hedge fund, on the New York Stock Exchange.
ICE and CBOE reach $665m agreement over CBOE exercise rights
IntercontinentalExchange (ICE) has reached an agreement with the Chicago Board Options Exchange (CBOE) to pay full members of the Chicago Board of Trade (CBOT) compensation for the loss of CBOE exercise rights they would experience, should CBOT merge…
CME wins CBOT's heart with increased bid
The Chicago Mercantile Exchange (CME) has increased its bid for the Chicago Board of Trade (CBOT), as it faces a rival takeover attempt from the Intercontinental Exchange (Ice).
Nymex launches electronically traded options on energy and base metal contracts
The New York Mercantile Exchange (Nymex) will list options on crude oil, natural gas, gold and silver on the Chicago Mercantile Exchange’s (CME) Globex electronic trading platform, beginning on June 24 for a trade date of June 25.
Jade to launch crude palm oil futures
The Joint Asian Derivatives Exchange (Jade), a Singapore-based electronic commodity derivatives exchange, will launch a crude palm oil (CPO) futures contract on June 6.
ISE merges with Eurex
Frankfurt-based Eurex has agreed to pay $2.8 billion in cash, or $67.50 per share, for New York-based International Securities Exchange. Frankfurt-based Deutsche Börse and Zurich-based Swiss Exchange – the two exchanges that jointly operate Eurex – will…
Ice to form London-based clearing house
The Atlanta-based Intercontinental Exchange (Ice) plans to set up a European clearing house based in London.
Deutsche Börse looking to marry Eurex with ISE
Deutsche Börse is in advanced negotiations with the New York-based International Securities Exchange (ISE), which could lead to the Frankfurt exchange taking over ISE via its Eurex derivatives arm.
Trading Technologies launches gateway to Singapore Exchange, opens new Asia HQ
Trading Technologies (TT) has launched its new Singapore Exchange (SGX) gateway, the exchange connectivity software vendor’s first connection to the Asian financial markets, and moved into new Singapore offices.
Dubai Mercantile Exchange delays launch by a month
The Dubai Mercantile Exchange (DME) has pushed back its launch date to June 1, subject to regulatory approvals of its clearing arrangement.
Hong Kong Exchange lists six Lyxor ETFs
Hong Kong Exchanges and Clearing (HKEx) is listing six new exchange-traded funds (ETFs), including its first global and regional equity ETFs and the first ETFs on US equities and commodities.
Nymex to launch first uranium futures contract
The New York Mercantile Exchange (Nymex) will begin trading the first uranium futures contract on May 7.
ISE foreign exchange options go live
Four foreign exchange options contracts began trading on the New York-based International Securities Exchange (ISE) this morning.
Eurex to launch UK equity futures
Frankfurt-based derivatives exchange Eurex plans to list 17 sterling-denominated single-stock futures in May.
Exchange-traded credit derivatives disappoint
The world’s first exchange-traded credit derivatives, which were listed by Frankfurt-based Eurex on March 27, have posted lacklustre trading volumes, with only one major dealer making markets in them.
US traders win tax break on Ice Futures
Ice Futures, the UK-regulated subsidiary of Atlanta-based IntercontinentalExchange (Ice), is to be allowed the same tax treatment afforded to contracts traded on US futures exchanges from April 1.
CBOE, CME and Eurex race to launch first exchange-traded credit derivatives
The Chicago Mercantile Exchange has announced its credit index event contracts will start trading on May 6, subject to regulatory approval, making them the first exchange-traded contract on a US credit derivative index.
Ice announces bid to merge with CBOT
The Atlanta-based Intercontinental Exchange (Ice) is bidding to merge with the Chicago Board of Trade (CBOT), in an all-share deal valuing the Chicago exchange at $9.9 billion.