Exchanges

Framework developed for German banks

BONN, GERMANY - Many of Germany's banks have been somewhat slow to prepare their operational risk management framework for the new international bank capital accord, Basel II, and the prospective European Union (EU) Capital Adequacy Directive (Cad).

CME launches more weather contracts

The Chicago Mercantile Exchange (CME) will introduce six additional weather futures and options contracts at the end of the month. The CME’s new seasonal degree day index futures and options will offer coverage in the November-to-March heating season and…

NYSE Pushing Firms to Store IMs

The use of instant messaging (IM) at trading firms has reached a watershed point, and the popular method of communication is about to fall under regulatory scrutiny on May 2, when the SEC rules 17a-3 and 17a-4 concerning the retention of broker records…

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