Exchanges
BoJ plans to inject $34bn to aid corporate funding
The Bank of Japan (BoJ) has become the latest central bank to unveil plans aimed at bolstering the corporate debt market, with plans to buy up to ¥3 trillion ($33.7 billion) of outstanding commercial paper (CP) to help ease funding pressure suffered by…
Cash-settlement auctions working, says Isda
The auction process for cash-settling credit derivatives trades has been tested recently but is working well, said Bob Pickel, chief executive of the International Swaps and Derivatives Association, at a symposium held by the organisation in New York on…
Airline sector finds favour
NYSE Euronext has launched the NYSE Arca Global Airline Index, which tracks the performance of stocks in the passenger airline sector. The index is listed on the exchange's Arca platform and has been licensed to exchange-traded fund provider Claymore…
New Chicago petroleum contracts to be listed on ClearPort
CME Group has launched four Chicago petroleum contracts on its ClearPort trading platform.
Ecuador recovery set at 31.375% in first sovereign CDS auction
The recovery rate for government bonds issued by the Republic of Ecuador was set at 31.375% today, in an auction to cash-settle sovereign credit default swap (CDS) contracts linked to the country's debt.
Ready for any weather
Roderick Bruce looks back at the highlights of the Weather Risk e-symposium, a live online conference hosted by Energy Risk in late November
Ready for takeoff?
With aviation joining the EU Emissions Trading Scheme in 2012, Alex Meredith of Hunton & Williams asks whether the aviation sector is ready and looks at the potential impact on the carbon market
Italian power market hit by crisis decree
A proposed policy package from the Italian government in response to the financial crisis could cause further turmoil in the domestic power market, finds Rachel Morison
Liffe prepares for CDS clearing launch in US
London-based derivatives exchange Liffe, which launched its joint central clearing solution with LCH.Clearnet for credit default swaps (CDSs) in Europe on December 22, will roll out the service to US customers in the next few weeks.
Liquidity floods into Powernext Gas
French exchange Powernext's recently-launched natural gas spot market has already become the most liquid in continental Europe, says Powernext.
Nasdaq OMX launches government relief index
Index provider Nasdaq OMX has launched the Government Relief Index, which is designed to track the performance of US-listed securities that are participating in US government sponsored relief programmes such as the Troubled Asset Relief Program (Tarp) or…
Russia gas dispute hits European markets
Two days of Ukrainian natural gas transit flow cuts, combined with cold weather, have sparked a rise in both short and medium term European natural gas prices.
CME launches dual listing of oil and gas options
CME Group has announced the dual listing of financially settled crude oil, Brent crude oil and natural gas calendar spread options on the New York trading floor and ClearPort Clearing.
NCDEX launches gold and silver contracts
India's second largest commodity exchange, the National Commodity and Derivatives Exchange (NCDEX), added gold and silver futures contracts to its portfolio at the end of December 2008. According to the exchange, the contracts were launched in response…
BPS and RiskBusiness announce integrated GRC platform
Daily news headlines
European talks stall on CDS clearing
The European Commission's initiative to move the majority of over-the-counter credit default swaps (CDS) onto central clearing facilities has stalled after failing to get written commitments from certain parties.
Auction sets 1.5% recovery on Tribune CDS
A final settlement value of 1.5% was set for credit default swaps (CDS) referencing Tribune during an auction today. A price of 23.75% was set for loan credit default swaps (LCDS) referencing the company.
NCDEX launches gold and silver contracts
India's second largest commodity exchange, the National Commodity and Derivatives Exchange (NCDEX), added gold and silver futures contracts to its portfolio at the end of December 2008. According to the exchange, the contracts were launched in response…
IDCG launches rates clearing house
The New York-based International Derivatives Clearing Group (IDCG) launched its interest rate swap clearing house on December 29 and has begun to process trades.
Plastics futures to launch on DGCX
The Dubai Gold and Commodities Exchange (DGCX) is set to launch two plastics futures contracts on February 5. The region-specific contracts for the Middle East and Southeast Asia will be offered on linear low-density polyethylene (LLDPE) and…
CME awaits SEC approval for CDS clearing
The launch date for the Chicago Mercantile Exchange (CME) Group's credit default swap (CDS) clearing platform remains unclear, almost two weeks after it received the green light from two US financial regulators.
Isda documentation to cover CDS settlement auctions
The International Swaps and Derivatives Association plans to incorporate the credit default swap (CDS) settlement auction process into the 2003 Isda credit derivatives definitions by mid-March.