Exchanges
Of MiFID and Market Data
The EU's Markets in Financial Instruments Directive will dramatically transform the structure of the market data industry, according to market participants.
Insuring Market Data: A Modest Proposal?
An executive at the Bank of New York has posed the idea of creating insurance contracts to guarantee the quality of market data, now that greater emphasis and responsibility is being placed on accurate and timely data.
Five banks form Swiss Structured Products Association
Five Swiss-based banks have launched the Swiss Structured Products Association (SSPA), in an effort to increase understanding and acceptance of structured products.
HKMA publishes plans for Basel II implementation
The Hong Kong Monetary Authority (HKMA) today published its annual report for 2005, in which the authority announces its current progress with Basel II implementation and tasks due to be completed this year.
LSE £510 million payout goes ahead
Shareholders in the London Stock Exchange (LSE) yesterday backed the board's £510 million payout plan, as consolidation manoeuvring continued.
The value of experience
Sunil Chadda was recently installed as head of Citisoft's hedge fund and derivatives practice. Victor Anderson speaks to him about trends that he's identified since his appointment, the impact Mifid (the Markets in Financial Instruments Directive) is…
Thai futures contract set for April launch
The Thailand Futures Exchange (TFEX) will launch its first product, SET50 index futures, on April 28.
Dubai and Oman to develop Middle East sour crude futures
The Sultanate of Oman’s Ministry of Oil and Gas (MOG) and the Dubai Mercantile Exchange (DME) are working to develop a new Middle East sour crude futures contract backed by oil produced in Oman, which is set for launch in the fourth quarter this year.
FSA executive on principal aims of Solvency II
John Tiner, chief executive of the Financial Standards Authority (FSA), has spoken about the FSA’s views on Solvency II. Tiner’s key message during the speech was that the FSA’s principal aim was to incentivise insurance firms to use modern risk…
Deutsche Börse to commence mutual fund trading
Deutsche Börse will launch trading of actively managed mutual funds next month, in a move aimed at attracting more private investors to the exchange.
Nasdaq buys into LSE
New York-based Nasdaq has taken a 14.99% stake in the London Stock Exchange, giving it a headstart over its rivals in the struggle for the London bourse.
Synthetic ABS is hot property
The emergence of credit default swaps on ABS has led to the development of an index of these securities. Nadia Damouni looks at the prospects for this rapidly evolving corner of the market
Eric Viet quits JP Morgan to launch pension buy-out fund
JP Morgan’s Eric Viet has quit his position as head of the US banking giant’s European pensions group, to set up a private equity buy-out fund based in London. He is joined by Amédée Levillain, who worked alongside him at JP Morgan.
Eurex extends equity trading hours to appeal to Asia
Eurex is to extend trading of its euro-denominated equity index products by one hour from June 1, as the exchange seeks to draw in more trade from clients in Asia-Pacific time zones. Trading will begin at 8am Central European Time instead of the current…
Gauging the MiFID effect
Despite uncertainty over its exact implementation, the EU's Markets in Financial Services Directive is set to utterly transform the financial services industry. Paul Kennedy says those firms that prepare for change now will fare best in the new landscape
FSA Timetable Adjusts to MiFID Schedule
In an effort to follow the European Commission's MiFID timetable, the Financial Securities Authority has established a schedule for its consultation program.
CME and China’s Cfets push for link-up
Officials from the Chicago Mercantile Exchange (CME) and the China Foreign Exchange Trade System (Cfets) have unveiled plans for a multi-year agreement in Shanghai to allow Chinese investors to trade CME’s foreign exchange and interest rate products.
UBS Wealth Management launches World GROI
UBS Wealth Management is offering Australian investors exposure to the growth opportunities in international equity markets as well as a high level of capital protection with the launch of the UBS World Index Basket GROI product (World GROI).
Euronext to “carefully review all available options”
Euronext has increased speculation about future exchange consolidation in both the US and Europe, after it issued a statement insisting it was still open to all offers. The statement said the company would seek value for all its shareholders in any…
DGCX to launch Middle East's first currency futures
The Dubai Gold and Commodities Exchange (DGCX) is to launch currency futures in the coming months – the first such products to be made available in the Middle East. It plans to introduce futures contracts on euro/dollar, yen/dollar and sterling/dollar,…
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