Free Trial

Equity

Interest rates

  • MexDer hopes CME order routing deal will match BM&F’s 10 March 2010

    Mercado Mexicano de Derivados’s order routing deal with CME Group will aim to match that of its neighbour BM&F Bovespa’s, MexDer CEO Jorge Alegría has told FOW.

  • War of words escalates in ELX/CME tussle 09 March 2010

    Neal Wolkoff, chief executive of ELX Futures, has written to the Commodity Futures Trading Commission asking it to force CME Group to accept US Treasury futures trades opened at ELX.

  • CME and ELX launch long bond futures 23 February 2010

    The battle in US Treasury futures trading between Chicago Mercantile Exchange and its start-up rival ELX Futures has intensified with the simultaneous launch of futures on ultra-long bonds (with maturities greater than 25 years) on both exchanges

  • New chief at IDCG 23 February 2010

    Garry O’Connor has taken over from Chris Edmonds as chief executive of the International Derivatives Clearing Group, the new clearing service for interest rate swaps, majority-owned by the Nasdaq OMX Group.

Currency

  • Reshuffle continues at Newedge 23 February 2010

    Newedge, the derivatives and securities brokerage, has appointed Laurent Cunin as head of its Asia Pacific operations, based in Hong Kong.

  • Resilient derivatives job market gets ready to surge again 23 February 2010

    Gauging how many derivatives staff lost their jobs in the financial crisis and what effect that had on pay is not easy. Some segments of the market have remained bullish, however, as Hugo Cox discovers.

  • BM&F and CME to develop joint trading platform 15 February 2010

    BM&FBovespa and the Chicago Mercantile Exchange Group have signed a memorandum of understanding to jointly develop a multi-asset class trading platform.

Credit

Energy

  • EEX — ‘central clearing cheaper than OTC’ 09 March 2010

    Those who claim it is cheaper to engage in derivatives over the counter than through a central clearing counterparty are not taking the cost of credit risk into account, according to a study by the European Energy Exchange.

  • N2eX to launch derivatives in next six months 09 March 2010

    N2eX, the power exchange venture run by Nasdaq OMX and Nord Pool, will launch futures “within six months”, according to Geir Reigstad, president of Nasdaq OMX Commodities.

  • Newedge becomes Nodal Exchange clearer 09 March 2010

    The UK arm of French brokerage Newedge has joined US power market Nodal Exchange, via its membership of LCH. Clearnet, Nodal Exchange was launched on April 8 last year, becoming the first exchange to offer locational futures contracts and related services to the US power market, with LCH.Clearnet as its central counterparty clearing house. Newedge becomes the seventh general clearing member to support trading on the exchange.

  • CBOE to make five commodity vol indices for CME 08 March 2010

    CME Group has agreed a seven year licensing deal with the Chicago Board Options Exchange, under which CBOE will create new volatility indices for commodities traded at CME.

Metals

Agriculture

  • New directors for Kansas City Board of Trade 09 March 2010

    The Kansas City Board of Trade (KCBT) has announced that Richard Mandl had been elected chairman of the board for 2010. He replaces James Neville.

  • Philippine Stock Exchange head Francis Lim steps down 09 March 2010

    Francis Lim, chief executive officer and president of the Philippine Stock Exchange (PSE) stepped down on February 15 — two months earlier than scheduled.

  • CBOE to make five commodity vol indices for CME 08 March 2010

    CME Group has agreed a seven year licensing deal with the Chicago Board Options Exchange, under which CBOE will create new volatility indices for commodities traded at CME.

  • Regulator gives SMX provisional go-ahead for Q1 launch 23 February 2010

    Singapore Mercantile Exchange, the fledgling commodities bourse, received in-principle regulatory clearance from the Singaporean markets regulator in early December. It hopes to begin trading in the first quarter. The bourse, which completed go-live testing in October, had hoped to launch before the end of 2009

Exotic

  • MexDer hopes CME order routing deal will match BM&F’s 10 March 2010

    Mercado Mexicano de Derivados’s order routing deal with CME Group will aim to match that of its neighbour BM&F Bovespa’s, MexDer CEO Jorge Alegría has told FOW.

  • BFX, Bursa Malaysia aim for standard Islamic market 09 March 2010

    Bursa Malaysia and Bahrain Financial Exchange (BFX) have signed a commercial agreement to provide financial products to Islamic market participants and strengthen bilateral ties between the two.

  • CBOE to make five commodity vol indices for CME 08 March 2010

    CME Group has agreed a seven year licensing deal with the Chicago Board Options Exchange, under which CBOE will create new volatility indices for commodities traded at CME.

  • FOA creates new lobbying council 23 February 2010

    The Futures and Options Association formed a new advocacy body in January, the FOA European Industry Council, to lobby regulators and politicians.

Poll

Should the CFTC impose position limits on energy speculators?

Yes
54%
No
46%