Exchanges
HKEx names new COO and alters corporate structure
Hong Kong Exchanges and Clearing (HKEx) has named Patrick Conroy as chief operating officer as from August 18. Conroy will replace Frederick Grede, who has not sought a renewal of his employment contract, which expires at the end of July.
Tokyo exchange-listed 10-year rate swaps well recieved, says Tiffe
The Tokyo International Financial Futures Exchange (Tiffe) believes its 10-year interest rate swaps contracts have exceeded expectations during their first month of trading.
New Mexican options exchange to spring out of Spanish alliance
MexDer, the Mexican derivatives exchange, has struck a deal with the Spanish futures and options exchange, Meff, to develop an options exchange in Mexico.
RiskLatte launches new Asian volatility indexes
RiskLatte, a Hong Kong-based business consultancy, has developed a series of market volatility indexes for customers in Asia.
Hong Kong Futures Exchange suspends international equity derivatives trading
The Hong Kong Futures Exchange is to suspend trading of its international stock futures and options, it was announced today.
Boston Options Exchange links up with RadianzNet
The Boston Options Exchange (Box), an electronic equity derivatives market, will use US electronic network services supplier Radianz to connect the exchange’s trading system to RadianzNet, an internet protocol-based global financial extranet.
Eurex and BOTCC in global clearing accord
Eurex, the Swiss-German derivatives exchange, has signed up the US Board of Trade Clearing Corporation (BOTCC) to clear the contracts that will be traded on the futures exchange that Eurex plans to launch early next year. BOTCC customers will have direct…
Cargill Investor Services expands into Italy
Cargill Investor Services, the futures and options broking unit of commodities trading company Cargill, has joined the Italian Derivatives Market (IDEM) - part of the Borsa Italiana - as a general clearing member.
Deutsche Börse launches S&P 500 ETF
Deutsche Börse has started trading its first exchange-traded fund (ETF) on the Standard & Poor’s 500 US benchmark index. The so-called iShares S&P 500 ETF is managed by Barclays Global Investors (BGI).
Meff launches Spanish central counterparty for repos
Meff, the Spanish derivatives exchange, plans to act as a central counterparty for government bond repurchase agreements (repos), following a change in Spanish finance law.
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.
BoA axes global head of forex exotics role amid restructuring
Bank of America (BoA) has cut three management positions, including its head of global exotics, as part of an ongoing strategy to consolidate global foreign exchange trading and sales, a senior official at the bank in New York told RiskNews ’ sister…
Spanish exchange-traded equity derivatives volumes soar
Growth in equity derivatives trading, especially single-stock futures, helped Madrid-based mF Group post a 22.7%year-on-year increase in the number of contracts traded for the first quarter of 2003. The group is comprised of the three leading Spanish…
Hong Kong and Shanghai exchanges in energy derivatives venture
The Hong Kong Exchanges and Clearing Limited (HKEx) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding to develop an Asian energy derivatives market, the exchanges said today.
Euronext.Liffe to lower trading fees on French equity options
Trading fees on Euronext.Liffe’s French equity options will fall by 17-50% when trading migrates to LiffeConnect on April 14, the derivatives exchange claimed.
Hong Kong banks ready SARS contingency plans
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.
Eurex achieves another record-breaking month
Eurex, the international derivatives exchange, has reported record-breaking volumes for March 2003. More than 106 million contracts were traded last month, an increase of almost 20 million over the previous monthly high, set in October 2002. Year-on-year…
Nybot launches market data service
The New York Board of Trade (Nybot) last week launched Nybotlive, which delivers real-time global futures and options data over the internet.
Chicago Mercantile Exchange to launch Russell 1000 futures
The Chicago Mercantile Exchange (CME) plans to launch its new Russell 1000 futures contracts on April 28. The new stock index futures will trade on the CME's Globex electronic platform virtually 24 hours a day.
CME and Shanghai Futures Exchange sign agreement
The Chicago Mercantile Exchange (CME) and the Shanghai Futures Exchange (SHFE) have signed an agreement to collaborate in derivatives product development, the exchanges said a statement.
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…
Confusion over membership at WBOT continues
Dan Parker, chief executive of Atlanta-based Weather Board of Trade (WBOT), today told RiskNews that two institutions he originally named as charter members of the weather derivatives exchange never had such an agreement with the company.
Online clearing: the shape of energy markets to come
The energy trading market is moving towards a structure in which participants achieve market presence through a dedicated market network, rather than having to use local or regional exchanges, says strategic consultant Chris Cook
Stuttgart exchange to give German investors access to Euronext ETF
German investors will have access to Euronext exchange-traded funds (ETFs) from next month, following a selling agreement between the pan-European exchange and Boerse Stuttgart.