Exchanges
Bracing for Basel
When international banking supervisors met in Basel, Switzerland in 1999 to propose a new framework for capital adequacy, they set in motion the biggest shake-up of the decade as to how banks measure risk and allocate capital. The new proposals, called…
Nymex to clear OTC average-price options
The New York Mercantile Exchange (Nymex) has received permission from the Commodity Futures Trading Commission to clear a number of over-the-counter mid-price commodity options.
Nymex expands listings for gold and silver
The New York Mercantile Exchange (Nymex) will extend the length of long-dated gold and silver option contracts to 60 months from February 25. The previous limit was 24 months.
Trading techniques
Rankings 2004
Eurex US opens for business
Eurex US, the American arm of the European futures exchange, began trading in Chicago at 7pm CST on Sunday night, having been given clearance to begin operations on February 4.
EU transparency: Lost in translation
Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project.
Upwardly mobile
Rankings 2004
Taking the slow road
Rankings 2004
Morgan Stanley buys Duke’s trading book
Rankings 2004
CGE will face antitrust suits: rival
Rankings 2004
Ex-Merrill Lynch energy trader pleads guilty to fraud
Rankings 2004
The deal deluge
Rankings 2004
Nybot in Nymex sights
Rankings 2004
Nybot in Nymex sights
The New York Mercantile Exchange (Nymex) plans to buy the New York Board of Trade (Nybot) as part of its expansion and acquisition drive, according to Nymex president Robert Collins.
SGX traders launch proprietary trading venture
Traders on the Singapore Exchange (SGX) have formed an in-house proprietary trading venture to increase market liquidity. The Arbitrage Project, a limited company, will begin trading on February 9 and will consist of eight proprietary traders.
LNG drive gears up
Rankings 2004
Eurex gains CFTC approval for US derivatives exchange
Eurex will launch its US-regulated derivatives market, Eurex US, on February 8, following approval from US regulator the Commodity Futures Trading Commission (CFTC) today.
Mark Tawney
Rankings 2004
CBOT steps up war with Eurex
The Chicago Board of Trade (CBOT) will launch three electronically traded German debt futures contracts in what appears an escalation in the exchange’s war with European rival Eurex. It has also reduced transaction fees for its customers that…
Joint Forum hires new chairman
Gay Huey Evans, director of markets at the UK’s Financial Services Authority, has been chosen to take over the role of chairman of the Joint Forum, a group of experts set up to deal with issues common to the banking, securities and insurance sectors…
Lost in translation
Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project. Oliver Holtaway reports
Nikkei 225 futures to list on Globex and CME-SGX trading link
The Singapore Exchange’s (SGX) yen-denominated Nikkei 225 futures contracts will be traded on the Chicago Mercantile Exchange’s Globex electronic trading platform, as well as on the two exchanges’ Mutual Offset trading link, as of February 23.
Right place,right time
Private placements
