Despite an economic meltdown and financial reform, this New York Times article reveals a small number of banks still control much of derivatives trading world.
Link to NYT article:
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Financials
ISE loses appeal; index exclusivity holds
The Illinois Appellate Court has ruled in favor of CBOE, McGraw-Hill and CME Group Index Services, in index options litigation against the ISE.
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ETFs
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
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Forex
Euro falls to 22-month low as German business confidence slides
The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.
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Options
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
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