Exchanges
November launch for Dubai exchange
The Dubai Gold and Commodities Exchange (DGCX) will open for trading in November this year, chairman David Rutledge said today.
CBOT moves closer to IPO
Chicago Board of Trade (CBOT) shareholders have overwhelmingly supported a second vote to clear the path for a possible flotation of the futures and options exchange.
Former LME regulatory head joins Nymex Europe
Alan Whiting, formerly in charge of regulation at the London Metals Exchange (LME), has joined Nymex Europe as a non-executive director.
Dubai picks Pochara to head commodities exchange
Framroze Pochara, formerly a vice-president of the Indian national stock exchange (NSE), has joined the Dubai Gold and Commodities Exchange (DGCX) as chief executive. The exchange is set to start trading before the end of this year.
China bond forwards represent move to more open market
The start of trading in bond forwards in China is a necessary step towards a more open market, but underlying markets are still too illiquid to allow other derivatives to be traded, said HSBC treasurer for China David Liao.
TSX and Eurex plan derivatives expansions
The Toronto Stock Exchange (TSX) is keen to enter the derivatives market as soon as it can, chief executive Richard Nesbitt said yesterday. Meanwhile, Eurex confirmed it would list foreign exchange futures from September 23 this year, the only major…
CME expands weather trading
The Chicago Mercantile Exchange (CME) will add weather derivatives contracts based on data from seven additional cities on June 20. From then, the exchange will list monthly and seasonal contracts based on weather data from 29 cities in Europe, Japan and…
Dresdner launches German carbon dioxide structured product
Dresdner Kleinwort Wasserstein (DrKW) has issued the first German retail structured product linked to the fledgling emissions trading market.
Deutsche Bank launches new index warrants in Singapore
Deutsche Bank has issued new warrants in Singapore on four global stock indexes - the Nikkei 225 Index, the Nasdaq 100 Index, the S&P ASX 200 Index and the S&P 500 Index.
Euronext.liffe beefs up French options
Euronext.liffe, the derivatives arm of European exchange group Euronext, has increased the size of its CAC40 index options by a factor of ten.
Borsa Italiana creates governance committee
The Milan-based Borsa Italiana has formed a committee to revise its corporate governance code of conduct. The committee has been formed to meet the ongoing need to adopt best practices and increase transparency among companies listed on the Borsa…
HKEx launches Xinhua futures
The Hong Kong Stock Exchange (HKEx) has signed an agreement with index provider FTSE Xinhua Index (FXI) to list futures and options linked to the FXI China 25. Trading in the instruments is expected to begin on May 23.
CSFB launches Taiwan broking business
Credit Suisse First Boston (CSFB) has launched its derivatives broking business in Taiwan. The bank will trade futures and options listed on the Taiwan Futures Exchange (Taifex) for qualified foreign and domestic clients.
Derivatives dealers focus on mid-caps
Derivatives dealers are focusing more on mid-cap corporates this year as an alternative to the arguably over-banked blue chip companies, say some market participants.
DrKW becomes first foreign member of Warsaw Stock Exchange
Dresdner Kleinwort Wasserstein (DrKW) today became the first non-Polish financial institution to become a member of the Warsaw Stock Exchange. This will allow DrKW’s institutional clients to trade Polish stocks and derivatives from April 1.
Warsaw Stock Exchange launches interest rate derivatives
The Warsaw Stock Exchange has launched its first interest rate derivatives contract in the form of Polish Treasury note futures.
HKEx targets derivatives growth
Hong Kong Exchanges and Clearing has scheduled a number of new initiatives for 2005 to combat flagging investor interest in derivatives. It also plans to expand and promote its distribution of market data to a wider user base in the Far East.
Eurex US offers three-year Treasury derivatives
Eurex US will list futures and options on futures in the three-year Treasury note market starting on February 1. The electronic derivatives exchange, which is part of the Deutsche Börse Group, already offers these products on two-, five- and 10-year…
Derivatives exchanges look to expand market-making capabilities
Eurex, the electronic derivatives exchange, has widened the scope of its European equity options market-making (MM) programme.
Software glitch halts CBOE trading
The Chicago Board Options Exchange (CBOE) suffered an interruption in its order routing and dissemination reporting last Wednesday.
Russell opens up to options exchanges
Russell Investment Group, a Washington-based provider of investment services and products, is to allow options exchanges to create products based on its family of index products.
EEX launches daily CO2 price index
The European Energy Exchange (EEX) in Germany has started publishing a reference price for the trade in CO2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which…
CBOT develops liquidity analytics tool
The Chicago Board of Trade (CBOT) will introduce a new market data display application this week, in an effort to provide greater market transparency and help participants make better intraday trading decisions.
CME opts for European-style options
The Chicago Mercantile Exchange (CME) is converting all its standard equity index options from American to European-style options.