Exchanges
Eurex US opens for business
Eurex US, the American arm of the European futures exchange, began trading in Chicago at 7pm CST on Sunday night, having been given clearance to begin operations on February 4.
Nybot in Nymex sights
The New York Mercantile Exchange (Nymex) plans to buy the New York Board of Trade (Nybot) as part of its expansion and acquisition drive, according to Nymex president Robert Collins.
SGX traders launch proprietary trading venture
Traders on the Singapore Exchange (SGX) have formed an in-house proprietary trading venture to increase market liquidity. The Arbitrage Project, a limited company, will begin trading on February 9 and will consist of eight proprietary traders.
Eurex gains CFTC approval for US derivatives exchange
Eurex will launch its US-regulated derivatives market, Eurex US, on February 8, following approval from US regulator the Commodity Futures Trading Commission (CFTC) today.
CBOT steps up war with Eurex
The Chicago Board of Trade (CBOT) will launch three electronically traded German debt futures contracts in what appears an escalation in the exchange’s war with European rival Eurex. It has also reduced transaction fees for its customers that…
Eurex US delays launch date
Eurex has delayed the intended launch of its Chicago-based futures exchange, Eurex US, to February 8. The launch is dependent on approval from the Commodity Futures Trading Commission (CFTC), scheduled to vote on Eurex’s application for "designation as a…
Liffe to offer three-month Eurodollar contracts
The London International Financial Futures & Options Exchange (Liffe), part of pan-European exchange Euronext, will offer three-month Eurodollar futures and options contracts starting on March 18.
Boston Options Exchange set for launch this Friday
The Boston Options Exchange (Box), a joint venture by the Boston Stock Exchange, Interactive Brokers Group and the Bourse de Montreal, is on course for launch this Friday (January 30) after successful completion of tests this weekend, a spokeswoman told…
CBOT settles ownership dispute
The Chicago Board of Trade has agreed to settle a lawsuit over minority members’ ownership rights, paving the way for proposed restructuring of the US futures exchange into a for-profit company.
LME delays introduction of plastic futures
The London Metal Exchange’s (LME) plans to introduce plastic futures in the third quarter this year have been delayed. The exchange now expects the contracts to start trading in the forth quarter.
Rivals plan to match Boston Options Exchange model
Incumbent competitors to the all-electronic Boston Options Exchange (Box), which received SEC approval to operate last week, said they would match its controversial price-improvement feature, according to RiskNews ' sister publication Trading Technology…
CME gets go-ahead to offer Globex trading in Australia
Australian market participants can now access the Chicago Mercantile Exchange and its products, after the Australian government gave a licence to the CME’s electronic trading platform, Globex.
CBOT lowers fees for European traders
The Chicago Board of Trade (CBOT), in an early effort to head off competition from Eurex, is to offer cheaper electronic access for European traders, the exchange announced.
Taiwan launches government bond futures market
Taiwan has launched its government bond futures (GBF) market with the listing of 10-year government bond futures on the Taiwan Futures Exchange (Taifex) and the opening of the Bond Lending Centre of GreTai Securities Market, a non-profit organisation.
Eurex cuts costs in bid to stimulate Finnish options trading
Frankfurt-based futures and options exchange Eurex intends to reduce transaction fees on Finnish equity options in a bid to boost trading volumes. Working with Finnish Exchange Hex Integrated Markets, the average trading cost would be reduced by more…
Korea’s exchanges to merge into single entity
The Korea Stock Exchange (KSE), the Korea Futures Exchange (Kofex) and Kosdaq are expected to merge to establish a single entity if a bill that is currently in congress is passed.
Green light for merger of Den Norske and Gjensidige Nor
The Norwegian government has given the go-ahead for a merger of two of the country’s largest financial institutions, Den Norske Bank and Gjensidige Nor. The new company will be called DnB Nor.
Euronext.Liffe ready to launch off-exchange USF trading facility
Pan-European derivatives and stock exchange Euronext.Liffe is tomorrow set to launch a matching facility that lets institutional customers pre-negotiate bi-lateral trades on universal stock futures (USF).
TFS launches online coal exchange
TFS, the inter-dealer broker of over-the-counter derivatives and physical products, has launched a global web-based dealing platform for the coal markets.
Eurex trying to take over the US futures market, says CBOT
The Chicago Board of Trade (CBOT) has accused its European rival Eurex of trying to take over the US futures market using intimidating tactics.
Eurex’s US-based arm sues CME and CBOT
Chicago-based Eurex US has filed an antitrust action in the federal court against the Chicago Board of Trade (CBOT) and Chicago Mercantile Exchange (CME). The CME has slammed the suit as being “without factual or legal foundation”, while the CBOT said it…
Etrade adds CME foreign exchange futures
Retail brokerage Etrade has added foreign exchange futures to its equities trading platform, through a link with the Chicago Mercantile Exchange’s Globex platform. This brings the total number of futures contracts available via Etrade to eight.
ISE starts trading index options
New York-based electronic equity options market, the International Securities Exchange (ISE), has started offering US index options.
CME targets online FX market for Asia growth
Electronic foreign exchange derivatives trading will play a key role in the Chicago Mercantile Exchange’s (CME’s) development in Asia over the next few years, according to a senior official at the exchange.