The Chicago Mercantile Exchange (CME) has launched the CME-Carvill Hurricane Index (CHI). The underlying indexes will be calculated by Carvill, an independent reinsurance intermediary, using publicly available data from the National Hurricane Center of the National Weather Service. Also, the CME will list dry whey futures on Globex for trade beginning March 19. The dry whey contract size is 44,000 pounds with a tick value of $11 and is cash settled. It is pegged to the USDA monthly weighted average price. www.CME.com/hurricane. www.cme.com/whey.
The International Securities Exchange (ISE) has completed the rollout of its second market for options. Approximately 700 options classes now trade in the second market with an aggregate average daily volume for the month of January of more than 79,000 contracts. www.iseoptions.com.
The Chicago Board of Trade (CBOT) announced a new futures contract based on the Dow Jones U.S. Real Estate Index (DJUSRE). The electronically-traded DJUSRE Index futures contract allows participants to capitalize on changes in the real estate sector of the stock market and better manage commercial real estate exposure. The contract will be settled in cash and has a value equal to $100 multiplied by the value of the DJUSRE Index. www.cbot.com.
The HedgeStreet exchange has expanded its home value markets to 10 major metropolitan areas. The new government regulated housing contracts are binary option contracts, $100 in size, with three- and six-month durations benchmarked against the National Association of Realtors reported median sales price of single-family homes. www.hedgestreet.com.
eSignal has released two enhancements to its Web-based global financial portal: Mobile Quote.com, for traders on the go, and a free dedicated section for United Kingdom financial quotes and business news. Mobile Quote.com enables traveling traders to keep abreast of financial markets through the Internet via a wireless carrier. Features include data from exchanges and news, commentary, analyst recommendations, alerts and free newsletters. www.Quote.com.
RTS Realtime Systems Group now offers TRUE DMA to CME Globex and the New York Mercantile Exchange through the combination of RTD and CME LNet. CME LNet is a customer-managed solution offering 40mb redundant fiber connections to the CME Globex platform via specified collocation facilities. LNet is expected to decrease network latency times for order entry by 10 to 15 milliseconds compared to a standard CME connection through a 20 Mbit/s line using external line providers. Also, RTS will offer full electronic trading capabilities to the New York Board of Trade’s (Nybot) products via the RTD ICE gateway. www.rtsgroup.net.
Trading Technologies International Inc. will support electronic trading of Nybot’s agricultural products through the X_Trader order-entry platform. The gateway supports both IntercontinentalExchange (ICE) Cleared OTC and ICE Futures products. www.tradingtechnologies.com.
SunGard’s consulting services business unit has launched a new practice focusing on the energy industry. www.sungard.com.
GL TRADE will offer market data collection services to all institutions seeking to publish prices within the framework of the Markets in Financial Instruments Directive (MiFID) for the deregulation of listing and order execution for financial instruments. This free service will enable institutions to meet their transparency obligations and will facilitate access to their liquidity. email@example.com.
Mergent Inc. has added to the groups of stocks in its Broad Dividend Achiever Index (DAA), which had a net increase of 14 companies, including Cardinal Health Inc., Kinder Morgan Energy Partners L.P., Lehman Brothers Holdings Inc. and Nordstrom Inc. The International Dividend Achievers Index (DAT) has had a net increase of 22 companies, including Vodafone Group Plc, BHP Billiton Ltd., Allianz SE, and Honda Motor Co. Ltd. www.dividendachievers.com.