Exchanges
Tokyo hit hard by US sell-off
The Tokyo Stock Exchange suspended trading of its Topix Index futures for 15 minutes on Wednesday morning, to slow down the panic selling of stocks after the previous night’s sell-off in New York.
FIA opposes CME-CBOT merger
The Washington-based Futures Industry Association (FIA) has opposed the proposed merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) on the grounds that it would reduce competition among US exchanges.
DME announces launch date
The Dubai Mercantile Exchange (DME), the Middle East’s first energy futures exchange, will officially launch on May 1.
CME to launch first exchange-traded credit derivatives
The Chicago Mercantile Exchange (CME) is to begin trading credit index event contracts, the first exchange-traded credit derivatives contracts, by June this year.
CBOE files for demutualisation on way to IPO
The Chicago Board Options Exchange (CBOE) has filed for demutualisation and restructuring as it heads for an initial public offering (IPO). The exchange'smembers will receive stock but lose their trading rights as part of the process.
CME prepares to launch hurricane derivatives
The Chicago Mercantile Exchange (CME) will launch hurricane index futures and options on March 12.
Eurex to open hub in Dubai
Eurex, the world’s largest derivatives exchange, will open a trading hub in Dubai in April, subject to approval from the Dubai Financial Services Authority.
Eurex unveils Russian equity derivatives
The European exchange Eurex is preparing to launch index and single-stock derivatives based on Russian underlyings.
Beijing to host first carbon credits exchange in developing world
China and the United Nations (UN) are planning to launch the first carbon-trading exchange in the developing world in Beijing.
CBOE prepares to launch credit default options
The Chicago Board Options Exchange (CBOE) is preparing to trade credit default options that will pay out following a credit event.
TSE signs deal with NYSE
The Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) have signed a letter of intent establishing a strategic agreement between the world’s two largest exchanges.
Deutsche Börse to co-operate with Korea Exchange on derivatives
Frankfurt-based Deutsche Börse Group, which owns 50% of Eurex, has signed a memorandum of understanding with the Korea Exchange.
CBOE prepares for demutualisation
The Chicago Board Options Exchange has moved to demutualise the option exchange this year.
Nasdaq extends bid for LSE
The New York Nasdaq exchange has extended the deadline for London Stock Exchange shareholders to accept its takeover offer, but has refused to raise its bid.
TSE close to deal with NYSE
The Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) are hoping to finalise a tie-up by the end of this month.
LSE rebuffs latest approach from Nasdaq
The London Stock Exchange (LSE) and the New York Nasdaq exchange traded blows on Tuesday, as the management of the LSE turned down Nasdaq's takeover offer.
Nymex buys stake in Optionable to expand options trading
The New York Mercantile Exchange (Nymex) has announced it will buy a 19% stake in Optionable, a New York-based provider of natural gas and other energy options.
MEFF extends derivatives contracts to IBEX 35
The Spanish futures and options exchange Mercado Español de Futuros Financieros (MEFF) this week extended its coverage to trade derivatives contracts on all the underlying shares in the IBEX 35, the index of Spain’s 35 most liquid stocks.
KRX trading systems to merge
The Seoul-based Korea Exchange (KRX) will integrate its futures and options trading systems from June this year, the Korean Financial Supervisory Commission said.
Ice expects to launch Nybot commodities by end of month
The Atlanta-based Intercontinental Exchange (Ice) has announced the New York Board of Trade’s (Nybot) main soft commodities contracts may launch electronically later this month.
LME to add new ferrous contracts and expand OTC clearing
The London Metals Exchange (LME) plans to launch futures in ferrous metals and offer over-the-counter (OTC) clearing this year, as part of a plan to attract new business.
NYSE-Euronext wins landslide shareholder approval
In a ballot held at a special meeting today, participating NYSE Group shareholders cast 99.7% of votes in favour of a merger with Euronext.
98% of Euronext shareholders approve NYSE deal
At an extraordinary general meeting in Amsterdam, participating Euronext shareholders cast 70.3 million votes - 98% of the total - in favour of the exchange's planned merger with NYSE Group.
CME to list electronic FX options on Monday
The Chicago Mercantile Exchange plans to offer nine American-style foreign exchange options for trading on its Globex electronic trading platform from Monday, December 18.