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

International news

Nasdaq OMX Commodities set to launch

Nasdaq OMX Group has completed the acquisition of Nord Pool International's clearing, international derivatives and consulting subsidiaries and announced that it will launch Nasdaq OMX Commodities. NASDAQ OMX paid approximately $325 million in cash and stock.

Eurex to launch commodity indexesEurex is scheduled to launch futures and options based on the Dow Jones-AIG Commodity Index and its nine sector sub-indexes in the first quarter of 2009. The Dow Jones-AIG Energy subindexes include: petroleum, livestock, ex-energy, grains, industrial and precious metals, softs and agriculture.

WFE writes to IOSCO

As the global financial crisis plays out, members of the World Federation of Exchanges gathered in Milan, Italy and Chicago and sent a letter to the IOSCO, the Financial Stability Forum, Organisation for Economic Co-operation and Development, the Bank for International Settlements and the International Monetary Fund. The letter espouses the virtues of exchange traded instruments and their role in helping to resolve current problems.

As per the letter, exchanges continue to function properly, offering continuous open markets, transparent pricing, liquidity and central counterparty clearing.

“The crisis highlights the importance of regulated, exchange-based markets. We encourage global regulators to recognize the time-tested benefits of transparency, balanced regulation and central counterparty clearing available in exchange markets,” said Massimo Capuano, CEO of the Borsa Italiana and WFE chairman.

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