Exchanges

Building for Basel

The 2005 implementation date for the new Basel II Accord – already postponed by a year – is looming large. Whilst the banking sector is steadily gearing up for the proposed changes, there are fears that some institutions may be left behind.

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.

Regulated market sees steep rise in activity

Major derivatives exchanges have seen a sharp rise in regulated trading activity in the past ten months, driven by the wider use of derivatives as hedge products and trading opportunities created by increased volatility.

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