From the January 01, 2008 issue of Futures Magazine • Subscribe!

New for Traders


Eurex launched Eurex SecLend, an electronic marketplace for secured securities lending and borrowing, based on the Eurex Repo markets. The product is designed to help banks and financial service providers improve the performance of their securities holdings with securities

The New York Mercantile Exchange (NYMEX) introduced the MACI futures and the Crude Oil Backwardation-Contango index futures contracts. They will be launched in February.

The Chicago Board Options Exchange (CBOE) has regulatory approval to launch a new electronic system for trading index and equity Flexible Exchange (FLEX) options. The new system, CFLEX, is the first Internet-based, fully automated electronic trading system in the U.S. marketplace for the trading of FLEX options.

Also CBOE will publish three new benchmark indexes, the CBOE S&P 500 3-Month Volatility Index (VXV), the CBOE VIX Premium Strategy Index (VPD) and the CBOE Capped VIX Premium Strategy Index (VPN). CBOE also will re-launch a new version of its CBOE S&P 500 VARB-X Strategy Benchmark (VTY).

U.S. Futures Exchange (USFE) will exclusively license the Bombay Stock Exchange’s (BSE) benchmark SENSEX Index for U.S. dollar-dominated futures trading beginning Feb. 22. The CFTC was appraised before the licensing agreement was signed, and USFE does not expect any regulatory issues with the contract, which will be officially self-certified closer to its launch date.

The Nasdaq Stock Market (Nasdaq) expanded its Select Market Maker Program for issuers to New York Stock Exchange (NYSE)-listed companies. The program will provide access to Nasdaq’s Market Intelligence Desk and Nasdaq Online at no cost.

Also Nasdaq launched the Nasdaq Internet Index, a benchmark to track companies engaged in Internet access providers, search engines, web hosting, site design and Internet retail commerce.

OMX and Singapore Exchange (SGX) agreed to implement a clearing system that will serve as the clearing platform for SGX derivatives, securities and OTC clearing businesses.

ICE Futures U.S. implemented Trade At Settlement capability in the ICE electronic trading system for Cotton No. 2 and FCOJ-A futures contract months. Orders to trade a futures contract at the settlement price can be submitted at the start of the pre-open period through the end of the futures contract settlement window each day. TAS orders will be matched on a first-in, first-out basis.


Citi and Saxo Bank will launch CitiFX Pro, an online foreign exchange trading platform.


Trading System Lab launched the Trading System Lab platform, which automatically creates trading systems, including single market systems, pairs systems, portfolio systems, daytrading systems and options systems.

Trading Technologies International, Inc. (TT) connected its X_TRADER7 order-entry platform to the Chicago Climate Futures Exchange (CCFE). The gateway will offer customers access to CCFE futures contracts, including sulfur financial instrument futures, carbon financial instrument futures, certified emission reduction futures and ECO clean energy index futures.

The International Capital Market Association launched, a free online portal providing data on investment grade bonds with a large issue size. The portal offers access to pricing and liquidity information on the global bond market.


Fortis announced that its clearing facility, EMCF, can now clear Swiss stocks in addition to Dutch, German, UK and French stocks.

The Options Industry Council (OIC) announced the addition of a new Virtual Trading System (VTS). VTS screens include strategies such as spreads, straddles and covered calls, and the ability to investigate order types like triggers and one-cancels-other.

Dow Jones Indexes launched the Dow Jones 2008 Summer Games Index, which measures the performance of the companies that are official partners and sponsors of the Beijing 2008 Olympics.

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