Exchanges
Wall Street Hones BCP Testing
NEW YORK—Wall Street will be honing the coordination of its voluntary industry-wide testing of business continuity planning (BCP) this year, according to a representative of the Securities Industry Association's (SIA) BCP Industry Testing sub-committee…
Insurers to sue Worldwide Weather Trading for fraud
A number of insurance companies have been granted the go-ahead by the Nassau County Court in New York to launch a lawsuit against Worldwide Weather Trading (WWT), alleging the company fraudulently sold weather derivatives policies. The plaintiffs will…
Stuttgart exchange to give German investors access to Euronext ETF
German investors will have access to Euronext exchange-traded funds (ETFs) from next month, following a selling agreement between the pan-European exchange and Boerse Stuttgart.
Eurex expands basis trading facility
Eurex will expand its over-the-counter basis trading facility to include selected euro bonds issued by member states of the European Monetary Union on Monday, said the derivatives exchange in a statement. The new facility is designed to complement…
South Korea reclassifies ELNs and warrants
South Korea’s Ministry of Finance and Economics (MOFE) has reclassified equity-linked notes (ELNs) and warrants as securities under the country's revised Securities and Exchange Act, according to an official at the MOFE. The move – which came into effect…
CME to launch single index on seven currencies against US dollar
The Chicago Mercantile Exchange (CME) will launch its new ‘CME$Index’ futures contract, an index of seven foreign currencies against the US dollar, on March 3. The contract is intended to provide end-users with a broad tool to gain or reduce their…
HKEx tweaks stock futures and options offering
Hong Kong Exchanges and Clearing (HKEx) has tweaked its range of single-stock futures and options to include contracts related to Bank of China (BOC) Hong Kong (Holdings) and suspend those of China Petroleum & Chemical Corporation (Sinopec).
Deutsche launches commodity indexes
Deutsche Bank has launched two new indexes that track the performance of a small set of liquid commodities.
Deutsche Börse and Swapstream to co-host trading platform
Deutsche Börse and London-based independent service provicer Swapstream have teamed up to offer a 'neutral' trading platform for swaps and other over-the-counter derivatives.
Malaysian bourse delays launch of single-stock futures
The Malaysia Derivatives Exchange (MDEX) has postponed the launch of single-stock futures (SSFs) contracts following a decision to further review the implications of trading the products on the main stock market. SSFs were initially scheduled for launch…
Waiting for guidance
South Korea's banks have made huge strides in implementing risk management systems over the past few years, but Basel II is not yet a driving force, with banks waiting for the Korean regulator to publish local guidelines.
Eurex to expand French equity options segment
Eurex will next month increase the number of French companies it offers options on from nine to 36, the Swiss-German derivatives exchange said in a statement.
Derivatives exchange volumes booming, says FIA
The world’s derivatives exchanges saw a 37% increase in trade volume last year, up 1.61 billion contracts from last year’s 5.99 billion, according to the Futures Industry Association (FIA).
CME set to offer eurodollar data via the web
The Chicago Mercantile Exchange (CME) plans to introduce a new market data application called E-px, which will display price and volume data for eurodollars.
Nomura victory sets precedent for credit derivatives delivery
A landmark ruling, favouring Nomura over Credit Suisse First Boston (CSFB), in London yesterday will set a clear precedent for the credit derivatives market, the Japanese investment bank said. Nomura challenged CSFB on the deliverability of convertible…
Nymex makes EOO trading permanent
The New York Mercantile Exchange (Nymex) yesterday said that it will make exchange of options for options (EOO) trading in energy markets permanent.
New Market, New OMS Sales Pitch
Baring Asset Management is doing something that a lot of trade order management vendors and market analysts wish the rest of the financial world would do: after implementing a new third-party order management system to replace its older in-house system,…
GFI launches mark-to-market service for forex options
Inter-dealer broker GFI is attempting to establish a benchmark daily 'revaluation fixing' service for currency options in response to new accounting standards designed to assign a fair value to derivatives positions.
Eurex increases share of Dutch equity options market
Eurex increased its share of the Dutch equity options market tenfold last year, the Swiss-German derivatives exchange said in a statement today.
Vwd Launches Energy Analysis Service
German news and data provider vwd has launched an analysis product for the electricity and natural gas markets. The service is aimed at energy traders, analysts, portfolio managers, distributors and brokers.
Extreme Outsourcing
"Lift-out" outsourcing projects by major institutional firms prime the pump for the rest of the industry.
Dealers rebut UK covered warrants market flop claims
Leading warrants dealers in the UK have rebutted claims that the London Stock Exchange’s (LSE) new covered warrants market is a flop.
OM system failure behind HKEx interruption
A fault in the system of Swedish software company, OM Gruppen, was to blame for a temporary failure of the Hong Kong Exchanges and Clearings’ (HKEx) futures and options trading system last Thursday, the exchange has revealed.
Euronext.Liffe launches one-month eonia futures
Euronext.Liffe launched its new one-month eonia (euro overnight index average interest rate) futures contract this morning.