Exchanges
SG to launch tradeable CDS Index
France’s SG is planning to launch a tradeable credit derivative index, which has initially been dubbed Credindex. The product aims to make investing in credit derivatives simpler in order to appeal to segments of the market that are currently…
CESR sets out work programme and consultations for Mifid
The EU securities regulators have outlined their programme to implement Mifid requirements, marking the end of the legislative phase for the directive.
SocGen launching tradeable CDS index
Société Générale is launching a tradeable credit derivatives index, dubbed Credindex. The new index aims to simplify the process of investing in credit derivatives, to appeal to retail clients who are underinvested in the asset class.
FSA plan to implement Mifid released
The Financial Services Authority has set out a Markets in Financial Instruments Directive plan with details on upcoming consultations and publications before transposition and implementation of the directive.
The MiFID Threat
Thanks to compliance, many of the European Union’s smaller exchanges now face fresh competition.
CME, CBOT to merge
The Chicago Mercantile Exchange is to merge with the Chicago Board of Trade in a move the exchanges say is “expected to transform global derivatives markets.”
CME and CBOT to merge
The Chicago Mercantile Exchange and the Chicago Board of Trade are to merge, forming a new exchange valued at $25 billion.
Morley hires sell-side derivatives specialist
London-based Morley Fund Management, the asset management arm of insurance company Aviva, has recruited a sell-side derivatives specialist as it prepares to make greater use of over-the-counter products.
Euronext backs European mega-bourse plan
Euronext, the Paris-based stock exchange on the brink of a merger with the New York Stock Exchange, could take over parts of the German and Italian exchanges as well.
FSA will be ready to implement the bulk of the final CRD rules in two weeks
The FSA chief executive confirms that UK is set for Basel II implementation.
UK consumer watchdog approves NYSE/Euronext tie-up
The UK’s Office of Fair Trading (OFT) has cleared the merger between the New York Stock Exchange (NYSE) and the European exchange operator Euronext.
DME reveals trading platform details
Energy futures exchange the Dubai Mercantile Exchange (DME), due to launch in the fourth quarter of this year, has unveiled details of its trading platform.
New Nordic exchange combines OMX feeds
Swedish exchange group and technology provider OMX has combined the market data from three of its subsidiaries, the Copenhagen, Stockholm and Helsinki exchanges, creating a single feed of Nordic market data, officials announced last week.
EU must lead global effort to integrate financial markets, says EC commissioner
Mifid and the EU’s clearing and settlement policies will play a vital role in achieving integrated global financial markets, according to a top regulator.
TSE consults customers for trading technology upgrade
The Tokyo Stock Exchange (TSE) plans to cut response times and improve safety margins with a new IT system, according to a TSE report.
Constant proportion portfolio insurance - Playing on protection
Equity derivatives
Targeted development
Pensions
Listed options - Model adjustments
Equity derivatives
Bankruptcy Code confusion
Amendments to the US Bankruptcy Code concerning forwards, swaps and commodity contracts have far-reaching implications for energy company bankruptcies, but uncertainties remain, write Kenneth Irvin and Nathan Coco
Accurate options pricing for all
SuperDerivatives has entered the energy world with big aims - to bring transparency and increased liquidity to options markets. Oliver Holtaway looks at the company model, and asks how big a splash it's likely to make
Risking it in Russia
When attempting to assess energy risk in Russia today, traditional methods of risk analysis are no longer sufficient; they mustbe accompanied by detailed political risk analysis, writes Robert Amsterdam