Exchanges
CME and China’s Cfets push for link-up
Officials from the Chicago Mercantile Exchange (CME) and the China Foreign Exchange Trade System (Cfets) have unveiled plans for a multi-year agreement in Shanghai to allow Chinese investors to trade CME’s foreign exchange and interest rate products.
Euronext to “carefully review all available options”
Euronext has increased speculation about future exchange consolidation in both the US and Europe, after it issued a statement insisting it was still open to all offers. The statement said the company would seek value for all its shareholders in any…
DGCX to launch Middle East's first currency futures
The Dubai Gold and Commodities Exchange (DGCX) is to launch currency futures in the coming months – the first such products to be made available in the Middle East. It plans to introduce futures contracts on euro/dollar, yen/dollar and sterling/dollar,…
CBOE has no plans for market depth product
The Chicago Board Options Exchange (CBOE) has denied it is working on an enhanced level of bid and offer prices (BBO) for the options market, despite reports from several industry sources that the exchange is actively considering launching just such a…
Eurex appoints new chief
Andreas Preuss was named chief executive of the international derivatives exchange Eurex after a meeting of the supervisory board at Deutsche Börse, which has a 50% stake in the exchange along with SWX Swiss Exchange.
ASX bids A$2.3 billion for SFE
The Australian Stock Exchange (ASX) has bid A$2.3 billion ($1.6 billion) for SFE Corporation, which runs the Sydney Futures Exchange.
American Stock Exchange demutualises
The American Stock Exchange (Amex) is going to go public. Neal Wolkoff, the exchange’s chairman and chief executive, said: “We have been carefully examining the structure of the exchange for months. The board’s approval to take the initial step to…
TSE plans $529m trading system upgrade
After a year of operational embarrassment, the Tokyo Stock Exchange plans to spend $529 million on upgrades to its electronic trading platform.
Deutsche Börse explores tie-up with Euronext
Deutsche Börse is preparing plans to merge with Euronext, which played down a potential takeover bid for the London Stock Exchange (LSE).
Euronext plans €1 billion cash handout for shareholders
The multi-national European exchange Euronext will return €1 billion to its shareholders in payouts and a share buyback scheme, it announced today.
BIS reports record year for exchange-traded derivatives
Demand for exchange-traded futures and options contracts reached an all time high last year with annual turnover up 22% on 2004, according to the latest quarterly data released by the Bank for International Settlements (BIS).
SEC approves NYSE merger
The US Securities and Exchange Commission (SEC) has cleared the New York Stock Exchange (NYSE) merger with Archipelago next month, opening the way for its transformation into a for-profit company.
Hong Kong Exchange to expand derivatives warrant data
Hong Kong Exchanges and Clearing Limited (KKEx) is introducing a new derivatives warrants information website in mid-2006.
Regulatory changes drive demand for single-stock futures
Trading volumes on Eurex’s single-stock futures contracts have grown by a factor of five every month since their launch last October, according to figures released by the exchange today. Trading volumes rose to around 287,000 contracts in January,…
CME launches snow derivatives
The Chicago Mercantile Exchange (CME) will list snowfall futures and options from February 26 on its Globex electronic trading platform.
BarCap takes eFX options trading to the next level
Barclays Capital has become the first dealer to launch live two-way streaming tradable prices for FX options, which will be rolled out to its clients during the coming months on its proprietary platform Barx.
Nybot lists financials on CBOT
The New York Board of Trade (Nybot) has entered into a non-binding agreement with the Chicago Board of Trade (CBOT), allowing its financial products to be traded on CBOT’s electronic platform.
Tokyo Stock Exchange hires technology head
The Tokyo Stock Exchange (TSE) has hired Yoshinori Suzuki as its chief information officer - a newly created position.
Italian stock exchange moves towards IPO
The Borsa Italiana, the Milan-based stock exchange, is preparing for flotation, in a move that could speed up consolidation among European exchanges.
TSE works overtime to expand trade capacity by Monday
The Tokyo Stock Exchange (TSE) will increase the trading capacity of its equity, convertible bonds and exchangeable bonds markets by half a million executed trades a day from Monday if tests to upgrade the system over the weekend are successful,…
TSE shortens trading hours following shutdown
The Tokyo Stock Exchange (TSE) will shorten its afternoon trading by half an hour starting tomorrow, after it was forced to close some of its markets 20 minutes early today as the volume of transactions hit capacity levels.
TSE unveils plans for new platform
The Tokyo Stock Exchange (TSE) has unveiled plans to develop a next-generation computer system in the next two or three years. The move comes less than a month after the exchange’s trading system rejected trade cancellation requests by a Mizuho…
Nikko hit by latest Japanese trading error
A new trading error on the Tokyo Stock Exchange looks set to cost broker Nikko Citigroup an estimated JPY1 billion ($8.6 million). The development follows a more serious trading error at Mizuho on December 8.
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.