Eurex GETS Kospi Access
Eurex and the Korean Exchange Inc. (KRX) announced in March that their Eurex/KRX link will provide Eurex members access to the Kospi 200 options after Korean trading hours through a daily futures contract beginning Aug. 30, 2010.
Eurex will list daily futures on the Kospi 200 options that, at the end of each day, will convert to
Executive Director of KRX In-soo Kim said, “This agreement with Eurex today is part of our strategy to extend the global reach of KRX markets and is in line with KRX’s vision of becoming a world-class exchange. Through this cooperation, we will provide round-the-clock trading opportunities in the Kospi 200 options market.”
Also in March, Eurex announced that it has received regulatory exemption from the Autorité des marchés financiers (AMF) in Québec to offer its full suite of products in the province of Québec, Canada. Eurex is the first-ever foreign derivatives exchange to receive such an exemption by AMF, according to Eurex.
Bats options exchange goes live
On Feb. 26, BATS Exchange began live trading for its U.S. equity options platform. BATS Options lists options on 18 underlying securities, including cash equities and ETFs. BATS. “We will strive to bring more transparency and efficiency to the options market by offering a competitive alternative with straightforward pricing,” said BATS CEO Joe Ratterman in a statement.
CME Group-MexDer team up
CME Group and Bolsa Mexicana de Valores (BMV) have arranged an order-routing agreement for derivatives products. BMV, which offers derivatives products through its subsidiary MexDer, will now be the exclusive provider of order routing services to CME Group in Mexico, while CME Group will be the exclusive exchange provider of order routing services to BMV outside of Latin America. The agreement is scheduled to begin in 2011.
NYSE Liffe U.S. takes on partners
A group of six firms - Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley, and UBS – has purchased a minority ownership stake in NYSE Liffe U.S., NYSE Euronext’s U.S. futures exchange. NYSE Euronext will continue to be the largest shareholder in NYSE Liffe U.S. and manage the exchange’s daily operations.