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Cover stories

  • 2009 volume survey: Recovery postponed 01 March 2010

    2009 spelt retrenchment for the world’s established futures exchanges – but a commodities boom eased the pain. Tom Osborn picks out the bright spots from the laggards in the global recovery.

Comment

  • Editorial: Tax me, baby, one more time 24 February 2010

    Bankers support a global tax on banking? Next you’ll be saying turkeys are voting for Christmas. But that was the headline on Davos – and no wonder.

  • The Chinese are right to be cautious 24 February 2010

    As China prepares for the launch of equity index futures, the authorities are taking a careful approach to reform, argues Dean Owen, chief China representative at futures broker Newedge.

  • Seize this chance to standardise OTC equity derivatives 01 February 2010

    Intense work is going on towards a new edition of the ISDA standard definitions for OTC equity derivatives. Sapient's Nick Fry and Ed Osbaldestin urge the market to do better than the last time.

Market analysis

  • India to liberalise some aspects of equity derivatives 09 March 2010

    The Securities and Exchange Board of India has approved in principle the introduction of physically delivered equity derivatives.

  • CBOE aims for IPO before the summer 23 February 2010

    The board of the Chicago Board Options Exchange approved in mid-December a proposal to pursue demutualisation followed by an immediate initial public offering. The US equity options exchange hopes to complete the process by the end of the second quarter 2010.

  • Energy market shrugs off ‘toothless’ caps 23 February 2010

    The Commodity Futures Trading Commission’s long-awaited announcement on January 14 of a new policy on controlling energy speculation was greeted in the market with quiet relief and satisfaction.

  • 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.

Regional reports

Poll

Should the CFTC impose position limits on energy speculators?

Yes
53%
No
47%