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Ice picks off ClearCorp
Atlanta-based Intercontinental Exchange (Ice) is to take over Chicago-based clearing house The Clearing Corporation (ClearCorp) as part of an effort to establish itself in the credit default swap (CDS) market.
CME to launch new gasoil, natural gas liquids and plastics contracts
CME Group has announced the launch of new gasoil options and plastics futures contracts, as well new natural gas liquid swaps.
ETF Securities emits first Carbon ETC in Europe
ETF Securities (ETFS) has listed the first carbon exchange-traded commodity (ETC) on the London Stock Exchange (LSE) offering exposure to the carbon emissions allowance futures market for the first time in Europe. ETFS Carbon tracks the ICE ECX EUA…
FSA acts on disclosure of contracts for difference
Daily news headlines
DIFX to launch stock futures
Dubai International Financial Exchange (DIFX) is set to launch its first stock index futures and single-stock futures in late November as part of a series of moves to help boost liquidity on the market.
SGX derivatives and ETFs smash records in September
Singapore Exchange (SGX) has seen its derivatives and exchange-traded funds (ETFs) markets set new trading records in September 2008. In the period from July-September, a record 17,369,505 derivatives contracts were traded, marking a 17% increase from…
Legal changes have borne fruit, says Russian exchange chief
Roman Goryunov, chief executive of the Russian Trading System (RTS) stock exchange, predicted a good year ahead for the Russian derivatives markets in an exclusive interview with Risk .
Auction sets 57% recovery on Washington Mutual CDS
An auction yesterday established a final settlement price of 57% for Washington Mutual bonds, leaving sellers of credit default swaps (CDS) with higher-than-expected settlement payments as they close out contracts referencing the former US bank.
Launch of NASDAQ OMX Commodities as acquisition of Nord Pool closes
Global exchange company, NASDAQ OMX has completed the 100 percent share acquisition of Nord Pool International, to create NASDAQ OMX Commodities, the world’s biggest provider of cleared power derivatives volumes.
DTCC and LCH.Clearnet plan €739 million merger
The Depository Trust and Clearing Corporation (DTCC), the largest clearing house in the US, and European clearer LCH.Clearnet have agreed to merge, a move the companies claim will create the world's largest clearing house.
Nymex announces job cuts
Nymex is to make 150 job cuts over the next 18 to 24 months as a result of its acquisition by CME Group in August 2008.
Sweden's $202 billion guarantee fails to help markets
The Swedish finance minister, Anders Borg, promised SKr1500 billion ($202 billion) in loan guarantees to Swedish banks yesterday, but the country's markets remained sluggish today.
New futures contracts launched on ClearPort
CME Group is to launch 18 natural gas and 17 petroleum product swap futures contracts on its ClearPort system.
Q & A: CESR chairman Eddy Wymeersch
Eddy Wymeersch, chairman of the Committee of European Securities Regulators (CESR), talks to Risk about the effects the financial crisis will have on regulators and central banks.
RTS to launch power and weather futures
The futures and options wing of Moscow-based stock exchange Russian Trading System, RTS-FORTS, is planning to launch electricity and weather futures contracts in 2009.
Banks move towards clearing for FX, interest rate and equity
A large part of the over-the-counter derivatives market will shift towards central clearing houses by next year, as the collapse of Lehman Brothers on September 15 forces banks to reassess counterparty risk posed by other dealers.
Swiss National Bank to take $60 billion in UBS assets
The Swiss government has stepped in to rescue UBS, the European bank worst hit by the subprime crisis.
JP Morgan takes DME stake
JP Morgan has taken an undisclosed equity stake in the Dubai Mercantile Exchange (DME).
CME allowed to clear OTC ethanol contracts
The Commodity Futures Trading Commission (CFTC) issued an order on October 9th permitting Chicago Mercantile (CME) to clear over-the-counter (OTC) ethanol contracts.