EXCHANGE NEWSWIRE, 3 June 2011
CBOE will launch two new volatility indexes based on CBOT Corn and soybean option prices. The CBOE/CBOT Corn Volatility Index and the CBOE/CBOT Soybean Volatility Index will be introduced on June 6 and will be calculated using proprietary CBOE VIX technology.
CME CEO Craig Donohue said the exchange was considering the development of an Asian clearinghouse. No conclusions have been made on such a venture yet, but Donohue said that the Asian region could benefit from a robust facility that makes trading efficient for big firms.
OCC’s options market share data is being questioned by the Financial Information Forum (FIF)’s executive director Manisha Kimmel, who claims that the total options traded through public venues reported by OCC is usually higher than the sum of the volume of buy and sell requests matched by those venues. The FIF committee will examine what OCC and Options Price Reporting Authority (OPRA) reported volumes include, as well as whether users may benefit from changes that identify certain types of orders in the OCC or OPRA data.
Omega ATS expanded its list of US securities available to subscribers to include 25 blue-chip securities, including Apple, AIG, and Proctor & Gamble. Omega ATS President Mike Bignell hopes adding the US securities to the venue will “eliminate inflated spreads and opacity in foreign instrument trading”.
WSE: National Depository for Securities (KDPW) of Poland will transfer all its clearing functions for transactions on the regulated market and alternative venue, as well as the management of clearing liquidity guarantee system, to KDPW_CCP, which is now authorized to clear all its transactions of the WSE Capital Group.
BVMF3’s president Edemir Pinto said that the exchange’s new pricing policy will be announced soon, and it will make the exchange more competitive in relation to its international peers.
EU Internal Market Commissioner Michel Barnier and US Treasury Secretary Tim Geithner agreed to provide an even playing field for global financial firms. Banier commented that “the risk is clearly to enter into a negative game in which one tries to do less than the other. So we have no choice other than working closely together.”
CFTC Chairman Gary Gensler aims to finalize the first of the Dodd-Frank rules this summer in order to “give the market certainty…It might even be considered some interim relief”. Gensler also emphasized that swap market rules will bring “tangible benefits” to corporations and commercial as it will lower costs over time.
Provided By: Equity Research Desk, www.erdesk.com
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