Exchanges
Chinese brokers to set up in Hong Kong
Six Chinese futures brokerages will soon get the green light to start derivatives broking operations in Hong Kong, a source close to the Hong Kong Exchanges and Clearing (HKEx) tells RiskNews .
Deutsche Börse launches three new Lyxor ETFs
Deutsche Börse has launched three new exchange-traded funds (ETFs) on its Xetra electronic trading platform.
Shanghai Stock Exchange's unit sues FTSE/Xinhua over data use
Hong Kong-based FTSE/Xinhua Index, a provider of China equity indexes, said it has received a lawsuit filed against it by SSE Infonet, a unit of the Shanghai Stock Exchange, but denies any breach of contract related to its plans to use Infonet’s data in…
CME names market-makers for renminbi futures
The Chicago Mercantile Exchange (CME) has named HSBC and Standard Chartered Bank (SCB) as the first market-makers for futures contracts on the Chinese renminbi (RMB) against the US dollar, euro and yen, which started trading on August 28.
Chinese regulator rotates senior managers
The China Securities Regulatory Commission (CSRC) has made several new senior appointments within local futures exchanges, including the soon-to-start China Financial Futures Exchange.
Nymex to offer side-by-side physical trading on CME Globex
The New York Mercantile Exchange (Nymex) is to offer its physically delivered energy futures contracts on the CME Globex electronic trading platform during its regular open-outcry trading hours, starting on September 4.
Bursa Malaysia appoints new chief regulatory officer
Bursa Malaysia promoted Devanesan Evanson to chief regulatory officer on August 1, replacing Md Nor Ahmad, who retired after 23 years at the exchange.
OMX in five-year deal with Borsa Italiana
Sweden’s OMX, a leading expert in the exchange industry, has sealed a five-year deal to provide information technology operations for Borsa Italiana’s derivatives market (IDEM).
Korea derivatives trading volumes almost double in first quarter
South Korea saw a 93.5% increase in the notional volume of derivatives trading in the first quarter of 2006. In January to March, 12,907 trillion won ($13.7 trillion) were traded, compared with 6,671 trillion won in the corresponding period last year.
Man Group snaps up 70% of Eurex US
Hedge fund manager and futures broker Man Group is to buy 70% of US Futures Exchange, formerly Eurex US, at a total cost of $58.2 million.
Dow Jones and AIG launch commodity forward indexes
Dow Jones Indexes and AIG Financial Products have launched three new versions of the Dow Jones–AIG Commodity Index.
Algorithmic trading accounts for 20% of forex trades
The algorithmic trading market has mushroomed to around one-fifth of the total volume of foreign exchange trading, according to Icap, the London-based interdealer broker. Latest figures show that application programming interface (API) or 'black box'…
Hedge funds can now list on Singapore Exchange
The Singapore Exchange (SGX) started accepting the listing of hedge funds on its markets from June 29. The listing rules will be less onerous than for traditional funds, as they are only to be offered to “highly specialised investment pools” comprising…
Deutsche B ö rse may bid for Italian exchange
Deutsche B ö rse may bid for Borsa Italiana, in an attempt to woo the Italian exchange away from its merger talks with Euronext.
Deutsche Borse renews bid for Euronext
Deutsche Borse has issued a revised offer for Euronext, allowing the European exchange more independence after a possible merger.
CME to launch renminbi futures in August
The Chicago Mercantile Exchange (CME) is to launch futures and options on futures on renminbi exchange rates against the US dollar, euro and the yen. The contracts will begin trading on August 27, CME officials told reporters at the opening of the CME…
ASX chief D'Aloisio forced out
Chief executive Tony D'Aloisio is to leave the Australian Stock Exchange (ASX) after its merger with the Sydney Futures Exchange (SFE).
Goldman and Citigroup to become CBOT swaps market makers
From next month, Goldman Sachs and Citigroup will act as electronic market makers for the Chicago Board of Trade's (CBOT) five-year and 10-year interest rate swap futures contracts.
Nymex Europe to shut trading floor
Nymex Europe, the London arm of the New York Mercantile Exchange, will close its trading floor at the end of this week as it shifts to electronic trading in oil and gas futures.
NYSE and Euronext agree merger terms
The New York Stock Exchange and the European exchange operator Euronext have agreed a $20 billion merger.
Dubai Mercantile Exchange strengthens management team
The Dubai Mercantile Exchange (DME), which is set to launch in the fourth quarter of this year, has strengthened its management team with newly appointed chief operating officer, Thomas Leaver, and chief compliance officer, Sarah Watts. They have both…
TSX will trade derivatives with or without Montreal Exchange
The Toronto Stock Exchange (TSX) will set up its own derivatives exchange in 2009 if a merger with the Montreal Exchange does not go ahead, chief executive Richard Nesbitt said yesterday.
Atticus backs Euronext merger plans
Atticus Capital, a US hedge fund that holds 9% of the Euronext stock exchange, has encouraged Euronext to seek a merger with either Deutsche Borse or the New York Stock Exchange.
Regulators clear Australian exchange merger
The Australian Competition and Consumer Council (ACCC) has approved a merger between the country's two major exchanges, the Sydney Futures Exchange (SFE) and the Australian Stock Exchange (ASX).