Following 2004's explosive growth, many big players in derivatives markets have hatched ambitious plans for the coming year. While many of these remain under wraps, some have been announced and others are widely anticipated. FO Week writers present some of the likely activity to be seen in the next 12 months.
International Securities Exchange should launch its public
offering in 2005. It will be the first US options exchange to
Chicago Board of Trade (CBoT) is expected to approve its
demutulisation plan once Securities and Exchange Commission
gives the green light. An IPO seems likely in 2005. Broker
Refco is also expected to IPO.
Philadelphia Stock Exchange expects to launch its futures
market, Philadelphia Board of Trade, in the second quarter.
Plans are to roll out about 100 contracts, many of which will
be event driven futures.
Eurex US and The Clearing Corporation (CCorp) expect to
receive regulatory approval for phase two of their clearing
link, allowing European and other non-US-based Eurex
participants to trade on Eurex US and clear those trades at
Eurex Clearing. Phase two is a critical component to the
success of Eurex US and CCorp.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.