Exchanges

CFTC closes ‘London loophole’

The Commodity Futures Trading Commission (CFTC) has moved to impose US position limits and hedge exemption requirements on US customers trading West Texas Intermediate (WTI) crude oil on the London-based Ice Futures Europe exchange.

Deutsche Bank offers commodity-linked ETN exposure

Deutsche Bank and Invesco Powershares have launched eight exchange traded notes (ETNs) on the Arca platform of the New York Stock Exchange. Four will be linked to the performance of industrial metals, while the remaining notes will track crude oil price…

HSBC makes 10 with new ETN issue

HSBC USA has launched its first exchange-traded note (ETN), bringing the total number of issuers in the US market to 10. The bank’s Elements ETN will be linked to the performance of the total return version of S&P’s Commodity Trends Indicator (CTI).

Trayport to offer Nymex access

Trading software company Trayport is to offer access to New York Mercantile Exchange products through its Trading Gateway System from July

CBOE rights debate could be overcome

A major impediment to the Chicago Board Options Exchange’s (CBOE) planned demutualisation could be overcome by a settlement it presented to its members on June 2.

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