Exchanges
OneChicago selects CBOEdirect trading platform
OneChicago, the joint venture of Chicago’s three derivatives exchanges created to trade single-stock futures, has selected the Chicago Board Options Exchange’s (CBOE) screen-based system, CBOEdirect, as its trading platform.
EEX to offer clearing for OTC forwards
Germany’s European Energy Exchange (EEX) plans to become the first power exchange in continental Europe to offer central counterparty clearing services for over-the-counter (OTC) electricity forward transactions.
2001 a record year for Liffe and Eurex
Europe’s two largest derivatives exchanges this week reported record trading volumes for 2001. Eurex, the Swiss-German exchange, traded a total of 674 million contracts in 2001, a 48% increase on 2000’s 455 million contracts. The London International…
Israeli exchange upgrades contingency plans
The Tel Aviv Stock Exchange (Tase) has upgraded its contingency facilities for trading and clearing to ensure that in the event of an emergency, such as a terrorist attack on the main exchange, systems should continue to function as normal.
Euronext agrees €130m Portuguese exchange takeover
Pan-European exchange Euronext has reached agreement with the Bolsa de Valores de Lisboa e Porto (BVLP) to buy out the Portuguese group for €130 million in a cash and shares offer. The move is the latest part of Euronext's effort to create a truly pan…
Creditex sees limited structured products growth
Creditex, the online credit derivatives broker that launched in March 2000, has been growing its business in structured credit transactions, according to company executives. Officials said the privately owned firm’s revenue has increased six-fold since…
EEX to launch three-month energy futures
Frankfurt-based European Energy Exchange (EEX) plans to launch three-month, or quarterly-term, electricity futures on December 17. The quarterly-term futures closely mimic existing over-the-counter contracts, and reflect a constant delivery of…
CBOE launches exposure instrument on S&P 500
The Chicago Board Options Exchange (CBOE) yesterday launched Standard and Poor’s Depository Receipts (SPDRs), designed to give dealers, through a single product, exposure to the S&P 500 share index.
FIA reports record volumes for futures and options in the US
The volume of futures and options traded on US exchanges so far this year is up by over 15% on last year, and looks likely to set an all-time record in spite of the terrorist attacks in September, said the US-based Futures Industry Association (FIA).
Liffe confirms weather trading start date
The London International Financial Futures and Options Exchange (Liffe) has confirmed that it will launch its weather futures contracts on December 10 2001. The contracts will be listed and traded on Liffe Connect, and will be the first exchange-traded…
Rogue trade hits Eurex
A futures contract trading entry error on European derivatives exchange Eurex caused DAX December contracts to fall more than 800 points in early trading yesterday, sparking a fall in German equities that filtered through to London and Paris.
ICE enters weather risk market
IntercontinentalExchange (ICE), the Atlanta-based electronic commodity market-place, has launched weather derivatives on its trading system. ICE said its weather derivative products would provide energy market participants with a valuable tool for…
India gets single-stock futures
The Mumbai Stock Exchange (BSE) launched 31 single-stock futures at the end of last week in an attempt to boost derivatives products available on the exchange.
CBOE Direct launched after several delays
The Chicago Board Options Exchange (CBOE) has launched CBOE Direct, a screen-based trading platform for members trading selected products before the open-outcry trading floor starts for the day.
Regulated market sees steep rise in activity
Major derivatives exchanges have seen a sharp rise in regulated trading activity in the past ten months, driven by the wider use of derivatives as hedge products and trading opportunities created by increased volatility.
Liffe's future lies with Euronext
The board of the London International Financial Futures and Options Exchange (Liffe) has unanimously voted to recommend a £555 million ($806 million) cash takeover bid by pan-European exchange operator Euronext to its shareholders. The other bidders were…
EEX and LPX merge
Germany's two electricity exchanges, the European Energy Exchange (EEX) and the Leipzig Power Exchange (LPX), will merge by the start of next year. The new exchange will be called EEX, and will be based in Leipzig. It will be jointly run by Hans…
Standard Chartered joins FXall connect
Standard Chartered has adopted FXall connect from Cognotec, the Dublin-based foreign exchange and money market e-commerce solutions provider. FXall connect’s application programme interface (API) will enable Standard Chartered’s customers access to a…
HKEx to introduce three-year EFN futures
Hong Kong Exchanges and Clearing (HKEx) plans to introduce three-year exchange fund note (EFN) futures contracts on November 12, subject to the approval of the Hong Kong regulator, the Securities and Futures Commission.
Regulated derivatives see record trading
Derivatives exchanges have seen strong rises in trading volumes at a time when the take-over battle intensifies for the London International Financial Future and Options Exchange (Liffe).
SGX to launch single-stock futures on October 26
The Singapore Exchange (SGX) will launch 15 single-stock futures contracts on October 26. The contracts are based on underlying blue chip stocks listed on SGX’s securities market, and include names like Chartered Semiconductor Manufacturing, DBS Group,…
Nymex’s problems continue
One unexpected victim of market disruption following the events of 11 September has been the New York Mercantile Exchange's (Nymex) new Brent futures contract – a key weapon in the exchange’s battle for supremacy with London’s International Petroleum…
SEC buy-backs eased to counter short-sellers
The Securities and Exchanges Commission (SEC) has had some tough choices to make in the aftermath of last Tuesday’s terrorist outrage. In addition to coping with the decimation of its New York offices at 7 World Trade Center, the SEC has had to grapple…
Nymex falls back on internet service
The New York Mercantile Exchange (Nymex), closed since Tuesday due to its proximity to the World Trade Center, plans to fall back on an untried internet-based service to give clearing members access to energy and metals futures contracts price discovery.