Exchanges
Bumper 2005 for exchange-traded derivatives
Exchange-traded derivatives had another bumper year in 2005, with a record volume of transactions being logged on both sides of the Atlantic.
Eurex board confirms it is seeking US partner
Swiss-German derivatives exchange Eurex has confirmed it is in talks with a number of rival US-based exchanges about forming a partnership to expand its ailing US business.
Singapore and CBOT to set up commodity exchange
The Singapore Exchange and the Chicago Board of Trade (CBOT) will set up a joint commodity derivatives exchange in Singapore next year.
LSE takeover still deadlocked
London Stock Exchange (LSE) management has again rejected Australian bank Macquarie's takeover bid, which was unchanged from the original offer earlier this month.
Blame spreads over Mizuho trading error
The Tokyo Stock Exchange today admitted that a fault in its own systems led to the mistaken stock trade on December 8 that has so far cost Mizuho some $225 million.
CSFB launches longevity index
Credit Suisse First Boston released the first-ever longevity index today, which it hopes will enable standardised structuring and settlement of longevity risk transfer instruments such as swaps and structured notes.
LSE rebuffs Macquarie approach
The London Stock Exchange today rejected a "derisory" takeover proposal from Macquarie Bank of Australia.
NYSE members approve merger
Members at the New York Stock Exchange (NYSE) have voted in favour of the merger with Chicago-based Archipelago today. About 95% of the 1,366 members voted, resulting in a 90% approval rate.
Exchange-traded derivatives up 23% in Q3
The exchange-traded futures and options market has continued its rapid expansion, growing by 23% year-on-year in the third quarter to a turnover of $357 trillion, according to the latest figures released by the Bank for International Settlements (BIS).
China to open futures market to foreign investors
The Chinese government may relax its rules to encourage foreign investors to enter the country's lacklustre futures market, with ABN Amro the first to move.
CBOT volumes rise as shift to electronic trading continues
Volumes on the Chicago Board of Trade continued to rise in November, as trading on the exchange shifted steadily from open-auction to electronic means.
Derivatives exchanges eye Asia, address large trader problem
Derivatives exchanges in Europe and the US view Asia as a significant future source of growth in trading activity. “Asia is the next wave of growth for our industry,” said Craig Donohue, chief executive of the Chicago Mercantile Exchange (CME), speaking…
LSE profits fall on derivatives write-off
The London Stock Exchange announced its profits for the first half of the year had fallen by a third due to a drop in the value of its EDX derivatives unit.
Playing power games
Thanks to increasing consolidation, it seems the country-specific energy exchange will soon be a thing of the past in Europe. But is this level of competition premature?
NYSE calls for looser rules on derivatives trading
The SEC must relax its restrictions on broker-dealers to allow US markets to compete for derivatives business, New York Stock Exchange chief economist Paul Bennett told the US Senate yesterday.
Exchanges continue to clear Refco FCM’s trades, DTCC says broker-dealer operation winding down
The controversy surrounding Refco has not hindered operations at its futures commission merchant (FCM) subsidiary, according to derivatives exchanges.
EEX to launch carbon derivatives contract
The European Energy Exchange (EEX) plans to launch a futures contract for carbon emissions allowances in October, pending regulatory approval.
Five market-makers back CME eurozone inflation futures
Barclays Capital, Ixis Corporate and Investment Bank, Lehman Brothers, Nomura International and the Royal Bank of Scotland have all agreed to become market-makers for the Chicago Mercantile Exchange’s (CME) new eurozone inflation futures contract. The…
Russell attributes options volume growth to alternative investors
According to Washington-based Russell Investment Group, monthly volumes for derivatives referencing its indexes hit new highs last month. Kelly Haughton, the group’s Strategic Director of Russell Indexes, attributed some of the upturn to an increase in…
Crunch time for Eurex US
The board of Eurex agreed on Friday to give its troubled Chicago-based Eurex US operation a month's grace before the boards of the joint venture's owners, Deutsche Borse and the SWX Swiss Exchange, decide on its ultimate fate.
CME to launch European HICP inflation futures
The Chicago Mercantile Exchange is set to launch a European inflation futures contract based on the eurozone harmonised index of consumer prices (HICP), excluding tobacco, an annual inflation measure published by Eurostat, on September 19. The contracts…
CME trading volume and profits grow
The Chicago Mercantile Exchange (CME) saw record trading volume in the second quarter of this year, up 33% from the same period in 2004, and reported profits well above 2004 levels.
Joint indexes planned for Asian exchanges
Stock exchanges in Bangkok, Jakarta, Kuala Lumpur, Manila, and Singapore will collaborate to set up joint indexes for derivatives and fund managers.
CBOT receives merger bids
With an initial public offering (IPO) due in the next few months, the Chicago Board of Trade has received several merger bids from an unnamed source.