EXCHANGE NEWSWIRE, 15 August 2011
ICE issued a paper to CFTC opposing CME’s attempts to eliminate a conditional limit on financially settled natural gas contracts. ICE argued that the limit, which was implemented in February 2010, has improved hedging between cash settled and physically settled contracts, and also curbed market volatility and kept prices low. ICE stated that CME’s move to remove the limit is aimed at improving its “competitive position” and its analysis is flawed.
NDAQ’s former stock market official Donald Johnson was given a three-and-a-half year sentence for trading on insider information which he received from top executives.
TSE and NYX’s Liffe will introduce the Position Transfer scheme to the Japanese Government Bond (JGB) futures contract on September 26. The scheme will allow open positions in the contract in London to be transferred to Tokyo and become fully fungible with the TSE 10-year JGB futures contract.
SGX on Monday launched its Reach securities trading engine, which offers 10 times more capacity and is now the world’s fastest trading engine with an ultra-low latency of less than 90 microseconds.
NZX reported 1H11 diluted EPS of NZD 0.037 (+26% y/y) versus consensus estimates of NZD 0.060. Revenues for the first half were NZD 26.6m (+11% y/y) and total expenses were NZD 14.9m (-3% y/y). Loss on foreign exchange was NZD 2.0m compared to a NZD 0.18m gain in 1H10.
DGCX reached a record of more than two million contracts traded as of August 12 YTD, with a total value of $98.7b (+76% y/y). YTD ADV reached 12,963 contracts (+67% y/y). Key volume drivers were the currency contracts, in particular the INR/USD contracts, which reached 1,356,993 contracts YTD (+1331% y/y). Precious metals volume also increased to 328,856 contracts (+1% y/y).
Thomson Reuters aims to add FX data and trading services to its Elektron platform, in order to boost revenues from its main profit-generating markets division.
Provided By: Equity Research Desk, www.erdesk.com
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