Exchanges
SEC buy-backs eased to counter short-sellers
The Securities and Exchanges Commission (SEC) has had some tough choices to make in the aftermath of last Tuesday’s terrorist outrage. In addition to coping with the decimation of its New York offices at 7 World Trade Center, the SEC has had to grapple…
Nymex falls back on internet service
The New York Mercantile Exchange (Nymex), closed since Tuesday due to its proximity to the World Trade Center, plans to fall back on an untried internet-based service to give clearing members access to energy and metals futures contracts price discovery.
LME goes live with complete screen trading service
The London Metal Exchange (LME) has launched Release 2 of LME Select, its screen trading system, which allows LME member firms to trade any contract electronically. The system was developed by Swedish firm OM Technology.
Tiffe's Libor-Tibor spreads debut
The Tokyo International Financial Futures Exchange (Tiffe) has launched Libor-Tibor spreads (L-T spreads) today, as well as expanding the contract month cycle of the three-month euroyen Libor futures from a five-month-cycle to a 12-month-cycle.
HKEx to offer international stock futures/options
The Hong Kong Exchanges and Clearing (HKEx) plans to introduce 20 international stock futures and 20 international stock options contracts, which are due to start trading on October 4, subject to approval from the Securities and Futures Commission (SFC).
Nasdaq-Liffe selects the Options Clearing Corporation
Nasdaq Liffe Markets (NQLX), the New York-based joint venture between Nasdaq and the London International Financial Futures and Options Exchange (Liffe) set up to list single stock futures in the US, has chosen the Chicago-based Options Clearing…
Derivatives of increasing importance to ASX
The Australian Stock Exchange (ASX) has seen a 5% drop in net profit for the year to June 30, but revenues from derivatives trading, clearing and settlement rose 15% to $32.5 million, with 46,226 options contracts traded – 20% higher than the 38,519…
Derivatives keep Euronext on target
A 4% rise in derivatives trading activity helped pan-European exchange Euronext meet analyst expectations in its first set of results following an initial public offering earlier this year.
ICE to offer OTC clearing via London
The IntercontinentalExchange (ICE), a leading operator of over-the-counter (OTC) markets for oil, gas, power and metals, has teamed up with the London Clearing House (LCH) to offer OTC derivatives clearing to clients.
CME to start trading benzine futures next month
The Chicago Merchatile Exchange (CME) and internet marketplace CheMatch will start offering benzine futures contracts from 21 Septemeber. At the same time, the pair will also offer mixed xylene futures.
CBOT offers mini Dow hedges
The Chicago Board of Trade (CBOT) will launch a mini-sized Dow futures contract based on the Dow Jones Industrial Average (DJIA) at the end of September via its a/c/e trading platform - created via a tie-up with European derivatives exchange Eurex.
Sydney Futures Exchange sees profits soar
The Sydney Futures Exchange (SFE) posted a net interim profit of A$11.1 million ($5.9) this year, almost hitting the same level as full-year 2000 when profits were $11.5 million. Included in the profits was $0.7 million from the sale of software by…
Liffe says no discussions held on LSE merger
Brian Williamson, chairman of the London International Financial Futures and Options Exchange (Liffe), has said that “no preliminary discussions” have taken place regarding a merger with the London Stock Exchange (LSE).
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