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SGX signs MoU with Dow Jones for Trac-x
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Eurex US delays launch date
Eurex has delayed the intended launch of its Chicago-based futures exchange, Eurex US, to February 8. The launch is dependent on approval from the Commodity Futures Trading Commission (CFTC), scheduled to vote on Eurex’s application for "designation as a…
FSA reviews insurer capital
Final comments and suggestions have been received by the Financial Services Authority (FSA) following the publication of consultation documents CP190 and CP195, which aim to improve capital adequacy among non-life and life insurers. The proposals could…
Liffe to offer three-month Eurodollar contracts
The London International Financial Futures & Options Exchange (Liffe), part of pan-European exchange Euronext, will offer three-month Eurodollar futures and options contracts starting on March 18.
Boston Options Exchange set for launch this Friday
The Boston Options Exchange (Box), a joint venture by the Boston Stock Exchange, Interactive Brokers Group and the Bourse de Montreal, is on course for launch this Friday (January 30) after successful completion of tests this weekend, a spokeswoman told…
Brickell’s name withdrawn as candidate to head Ofheo
Mark Brickell, a derivatives expert who was set to become the head of the Office of Federal Housing Enterprise Oversight (Ofheo), has withdrawn his name from consideration for the post. Brickell formally requested President George Bush withdraw his name…
CBOT settles ownership dispute
The Chicago Board of Trade has agreed to settle a lawsuit over minority members’ ownership rights, paving the way for proposed restructuring of the US futures exchange into a for-profit company.
LME delays introduction of plastic futures
The London Metal Exchange’s (LME) plans to introduce plastic futures in the third quarter this year have been delayed. The exchange now expects the contracts to start trading in the forth quarter.
Rivals plan to match Boston Options Exchange model
Incumbent competitors to the all-electronic Boston Options Exchange (Box), which received SEC approval to operate last week, said they would match its controversial price-improvement feature, according to RiskNews ' sister publication Trading Technology…
Book extract > Introduction to the Basel II Handbook: A Guide for Financial Practitioners
In June 1999, the Basel Committee on Banking Supervision made its long-anticipated announcement to introduce a new capital adequacyframework to replace the 1988 Accord. 1
CME gets go-ahead to offer Globex trading in Australia
Australian market participants can now access the Chicago Mercantile Exchange and its products, after the Australian government gave a licence to the CME’s electronic trading platform, Globex.
DTCC set to launch automated payment reconciliation service
The Depository Trust and Clearing Corporation (DTCC) will this month introduce an automated payment reconciliation service. The move is one of a number of initiatives the US company has planned for the coming months aimed at reducing risk and improving…
Op risk systems come to the fore
Operational risk came to the fore in 2003. Major software suppliers such as SunGard and SAS entered the market through partnerships with or acquisition of early entrant developers, while a number of established trading and risk management systems…
El Paso to cut debt by a third, while gas trader pleads guilty
US natural gas company El Paso – which has recently survived a bid toreplace its board and seen one of its tradersindicted – has unveiled aplan to significantly reduce its debt. By Joe Marsh