EXCHANGE NEWSWIRE, 21 June 2011
CME will launch trading of short-term options contracts for gold, crude oil and natural gas starting July 16. The gold contracts will be subject to COMEX’s rules and regulations, and the crude oil and natural gas contracts will be subject to NYMEX’s rules and regulations.
NDAQ’s Nordic and Baltic fixed income activities will now take place on one single platform, with bond trading of more than 5,000 listed bonds in Denmark, Sweden, Finland, Latvia and Lithuania to join Iceland in trading on Genium INET.
NYX experienced technical glitches for the second consecutive day on Tuesday, disrupting trading in markets including AEX and Bel-20 indexes, as well as trading in Lisbon’s ETFs. NYX promised to address the technical problems but declined to say if the problems on Monday and Tuesday were related.
STOXX launched the STOXX Europe 600 Hedged EUR index, a currency hedged strategy benchmark aimed at investors who seek exposure to the STOXX Europe 600 Index but also seek to reduce the risk of currency fluctuations.
ICE Futures Europe fined Goldman Sachs $40,000 for “disorderly” trading, and “considered the breach to be of a serious nature”.
SGX appointed Julie Heng as its commodities head. Heng was previously from Mercuria Energy in Singapore where she had set up and led the gasoline trading desk after spending twenty years with Shell and Esso.
SET will improve the efficiency of its post-trade services by developing systems and reducing procedures to facilitate members, boost competitiveness and increase capability. Among the services to be introduced in 3Q 2011 are Third Party Clearing (TPC) and Corporate Action news (which will be sent as SWIFT messages) services.
Lime Brokerage’s Irish subsidiary, which consists mainly of technology and a license to market US trading to EU clients, will be acquired by Lightspeed Financial, and its primary US business will be sold to US investment bank Wedbush Morgan.
European Union finance ministers expressed differences in opinion over the scope and detail of the derivatives rules in the making. The European Central Bank (ECB) also expressed public reservations about impact the proposed rules could have on central bank liquidity management.
Provided By: Equity Research Desk, www.erdesk.com
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