Exchanges
Euronext in further European expansion
Euronext, the combined Paris, Amsterdam and Brussels exchange, has taken a further step towards creating a pan-European derivatives trading platform, by entering a cross-selling agreement with the Warsaw Stock Exchange (WSE).
US regulated market sees strong growth
The International Securities Exchange (ISE) became the latest US derivatives exchange to post record average daily trading volumes in January.
OneChicago eyes 'narrow-narrow' indexes
OneChicago will follow up the launch of single-stock futures – slated for mid-April – with the creation of 'narrow-narrow' indexes, according to William Rainer, chairman of OneChicago.
Oldest US exchange looks to energy futures
Merchants Exchange, the oldest commodity exchange in the US, plans to offer energy futures contracts for the first time. The move follows an increase in demand for cleared contracts following the bankruptcy of Enron, although Merchants Exchange said it…
CBOT launches X-Funds
The Chicago Board of Trade (CBOT) today launched X-Funds, short-duration futures contracts that track the performance of a professionally selected index.
CBOT explores re-launch of corporate bond futures
The Chicago Board of Trade (CBOT) is exploring market interest in a new corporate bond index futures contract, and will decide whether to draft contract specifications within the next few weeks, according to Julie Winkler, a senior economist involved…
SocGen, Citi in first North American warrants push
Citibank and Société Générale are set to sell the first warrants to the North American retail market when they start trading them via the Bourse de Montréal, Canada’s financial derivatives exchange, on Monday.
Euronext expands weather potential
Euronext is launching six weather indexes for France, called 'NextWeather', as a first step to offering exchange-traded weather derivatives contracts in continental Europe next year.
Hong Kong derivatives volumes rise in 2001
Derivatives trading volumes in Hong Kong soared to new highs last year, with total futures and options contract volumes rising by 13.9% in 2001 from the previous year, according to the Hong Kong Exchanges and Clearing (HKEx).
Deutsche Börse to release Neuer Sentiment Index
Deutsche Börse is set to release a new 'behaviour-oriented' equity index based on the Neuer Market – made up of 325 mainly German technology and high-growth companies – as a market information tool for dealers.
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.