Exchanges
Macquarie offers outperformance deposit
Macquarie in Australia has launched the Macquarie Deposit plus Access 200, a structured deposit which is designed to provide exposure to the outperformance of Australian equities.
UK power project chooses Nasdaq OMX and Nord Pool
The long-running Futures and Options Association (FOA) UK power market design project, aimed at boosting liquidity in the UK's forward power market, has chosen Nasdaq OMX Commodities and Nord Pool Spot to deliver a platform for trading and clearing…
Iosco to tackle trading abuses
The International Organisation of Securities Commissions (Iosco) will crack down on "trading abuses", according to technical committee chairman Christopher Cox.
UK eschews Basel II capital requirements
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Dinallo backtracks on regulating CDSs
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Dinallo backtracks on regulating CDSs
New York State insurance superintendent Eric Dinallo shelved plans to bring a large slice of the credit default swap (CDS) market under the purview of the New York State Insurance Department (NYSID) during a US congressional committee hearing on November…
Wellink: Banking should be 'shock absorber' for financial system
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Courts call for Lehman derivative contract settlement in US
Investors still holding Lehman Brothers derivative contracts have been called to terminate their positions by US bankruptcy courts. The bank was estimated to have entered into 930,000 contracts including swaps, options and forwards, of which 733,000 have…
Nasdaq OMX offers Nordic sustainability
Index provider Nasdaq OMX has launched the OMX GES Sustainability Index, a benchmark index which comprises the 50 leading Nordic-listed sustainability companies. The index criteria are based on international guidelines for environmental, social and…
Korean banks to share info on FX derivatives
South Korea's markets regulator, in conjunction with the country's leading banking association, has set up a database that allows banks to share information on the use of financial products by their clients, including exporters.
Db x-trackers delivers commodity ETF
Db x-trackers, the exchange-traded fund arm of Deutsche Bank, has launched its commodity ETF on the London Stock Exchange (LSE) tracking the Deutsche Bank Liquid Commodity Index - Optimum Yield (DBLCI OY Balanced). The db x-trackers DBLCI OY Balanced ETF…
CDS clearing house to miss November 30 deadline
The November 30 target for central clearing of index credit default swap (CDS) trades set by a consortium of industry associations and investment banks is unlikely to be met, sources within the Federal Reserve Bank of New York have said.
Powernext gas futures to launch on November 26
Powernext has announced that it will launch natural gas spot and futures contracts for the French market on November 26.
ETF Securities offers commodities equity exposure to UK investors
ETF Securities has cross-listed 13 exchange-traded funds (ETFs) on the London Stock Exchange (LSE) which offer equity exposure to commodity markets as well as US equity market exposure.
Vattenfall to build offshore wind farm in UK, joins forces with ScottishPower
Swedish power company Vattenfall has acquired UK wind farm Thanet Offshore Wind and has joined forces with ScottishPower for Crown Estate’s Round Three of tender bids to develop offshore wind power in the UK.
Trading goes live at South Pool
Trading at the South Pool regional energy exchange, a joint-venture between Slovenian power market operator Borzen and Eurex, began today.
Markets indifferent to Amex conversion as auto-maker bail-out looms
Credit spreads on American Express debt narrowed marginally yesterday while equity prices hit a new low as US markets were largely unmoved by news of the credit card company’s conversion into a bank holding company.
DME to list products on CME Globex
The Dubai Mercantile Exchange (DME) has announced plans to list its contracts exclusively on the Chicago Mercantile Exchange (CME) Globex platform.
EU convenes working party on derivatives
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Mammoth NYSE product transfer following Amex acquisition
NYSE Arca is set to acquire 662 new exchange-traded products by the end of the year, following the completion of its acquisition of the American Stock Exchange (Amex) in October. The move will increase the platform’s number of products on offer to 1037.
Coal futures contract launched on ICE
Coal-trading platform globalCOAL has collaborated with global futures exchange the IntercontinentalExchange (ICE) to introduce a financially settled coal futures contract, entitled the gC ICE Newcastle Futures contract, specifically designed for the…
Russian stocks dragged down by plummeting oil price
Trading volumes on Russia’s two main stock exchanges, Russian Trading System (RTS) and the Moscow Interbank Currency Exchange (Micex), were significantly down in October, following plunging commodity prices and a worsened global financial outlook.
Renewables call for transmission build
Many US states have ambitious renewable energy targets, but billions need to be spent on transmission infrastructure if this new power is to come on line. Susan Arterian Chang looks at the challenges involved in creating the interstate transmission…