NYSE Euronext
Nasdaq pulls out of single-stock futures business
US electronic stock exchange Nasdaq has pulled out of its joint venture with Euronext.Liffe to create a market for single-stock futures.
Euronext.liffe struggles with regulatory harmony
Regulation from continental Europe has acted as a "straightjacket" around Euronext.liffe’s efforts to bring all its derivatives products together on a single electronic trading platform, according to Nick Weinreb, head of group regulation at Euronext…
ABN Amro makes global OTC oil and gas drive...
Dutch bank ABN Amro last month started to offer its clients oil and gas hedgingservices, as part of its financial markets business which incorporates debt capitalmarkets, structured lending and risk management activities.
CME launches more weather contracts
The Chicago Mercantile Exchange (CME) will introduce six additional weather futures and options contracts at the end of the month. The CME’s new seasonal degree day index futures and options will offer coverage in the November-to-March heating season and…
Tiffe to launch long-term interest rate futures
The Tokyo International Financial Futures Exchange (Tiffe) plans to launch long-term interest rate futures by May, despite a fall-off in interest for the exchange's short-term rates contracts.
GL Trade clients hit by Liffe API glitch
A software glitch that cut off some firms’ connectivity to the London International Financial Futures and Options Exchange (Liffe) late last month appears to have affected mostly clients of GL Trade, the Paris-based provider of data display and trading…
Ex SunGard staffers enter bid to buy Rolfe & Nolan
Novora, a company founded by former derivatives processing technology executives at SunGard Data Systems, has teamed up with venture capital firm Battery Ventures to analyse a possible bid for struggling UK back-office technology company Rolfe & Nolan.
Deutsche Börse and Swapstream to co-host trading platform
Deutsche Börse and London-based independent service provicer Swapstream have teamed up to offer a 'neutral' trading platform for swaps and other over-the-counter derivatives.
Euronext.liffe to launch options on exchange-traded funds
The derivatives branch of the Euronext exchange, Euronext.liffe, plans to launch options on exchange-traded funds (ETFs) in January. The move follows rival Eurex’s launch of options and futures on ETFs in November.
Weather Board of Trade delays launch as problems mount
Atlanta-based Weather Board of Trade (WBOT), which was set for an October launch, will now only start trading exchange-based weather derivatives in February 2003. WBOT has also lost a number of its charter members, encountered problems with its fund…
Euronext Amsterdam hit by more technical problems
Euronext Amsterdam, the Dutch arm of the pan-European cash and derivatives exchange, halted derivatives trading for three and a half hours today due to a network problem. A Euronext spokesman was not able to elaborate on the matter, although he said all…
HEX prepares for weather derivatives launch
The Helsinki securities and derivatives exchange (HEX) will start trading weather derivatives from tomorrow.
OneChicago and Nasdaq Liffe to use SunGard system for SSF clearing
OneChiacgo Futures Exchange and Nasdaq Liffe Markets (NQLX) have signed up SunGard’s GMI back-office clearing system for trading single-stock futures (SSFs).
BrokerTec confirms takeover talks
Bond trading platform BrokerTec has confirmed widespread industry rumours that it is the subject of takeover talks. BrokerTec issued a statement on Friday stating it received approaches from several parties about "possible strategic combinations”, and…
Liffe adds to stock futures line-up
The London International Financial Futures and Options Exchange (Liffe) will list a further 22 European universal stock futures from April 18 2002. From that date, a total of 118 universal stock futures will be available on blue-chip stocks from 12…
Euronext in further European expansion
Euronext, the combined Paris, Amsterdam and Brussels exchange, has taken a further step towards creating a pan-European derivatives trading platform, by entering a cross-selling agreement with the Warsaw Stock Exchange (WSE).
BOTCC to process Nasdaq Liffe
Nasdaq Liffe Markets (NQLX), in a preparatory move before the start of trading in single-stock futures (SSF) in the US, agreed to let the Delaware-based Board of Trade Clearing Corporation (BOTCC) process certain deals known as 'give-ups'.
2001 a record year for Liffe and Eurex
Europe’s two largest derivatives exchanges this week reported record trading volumes for 2001. Eurex, the Swiss-German exchange, traded a total of 674 million contracts in 2001, a 48% increase on 2000’s 455 million contracts. The London International…
Liffe's new futures under the weather
Two working days after launching its weather futures contracts, the London International Financial Futures and Options Exchange (Liffe) has yet to see a trade. Despite this, Ian Dudden, director of non-financial products at the London-based exchange -…
Liffe confirms weather trading start date
The London International Financial Futures and Options Exchange (Liffe) has confirmed that it will launch its weather futures contracts on December 10 2001. The contracts will be listed and traded on Liffe Connect, and will be the first exchange-traded…
Regulated market sees steep rise in activity
Major derivatives exchanges have seen a sharp rise in regulated trading activity in the past ten months, driven by the wider use of derivatives as hedge products and trading opportunities created by increased volatility.
Liffe's future lies with Euronext
The board of the London International Financial Futures and Options Exchange (Liffe) has unanimously voted to recommend a £555 million ($806 million) cash takeover bid by pan-European exchange operator Euronext to its shareholders. The other bidders were…
Venture capitalist replaces Sandor on Liffe board
The London International Futures and Options Exchange (Liffe) has appointed Chinh Chu, senior managing director of private equity at New York-based venture capital firm, The Blackstone Group, to its board. He replaces derivatives veteran, Richard Sandor,…
Regulated derivatives see record trading
Derivatives exchanges have seen strong rises in trading volumes at a time when the take-over battle intensifies for the London International Financial Future and Options Exchange (Liffe).