From the February 01, 2012 issue of Futures Magazine • Subscribe!

New for traders: Financials

  • BGC Partners announced that it has launched BGC Trader for Treasury Inflation-Protected Securities (“TIPS”), available exclusively to primary dealers. Customer quotes and orders in TIPS will be posted at and executed by BGC Financial, L.P., an affiliated US-registered broker-dealer.
  • BATS Global Markets announced it has filed a proposal with the Securities and Exchange Commission SEC to establish a Competitive Liquidity Provider (CLP) program designed for its new U.S. primary listings business. The BATS CLP program, which is subject to regulatory approval, is a rewards-based program designed to incent market makers to increase liquidity and create tighter quoted spreads for each listing on BATS.
  • The North American Derivatives Exchange (Nadex) filed a notice of intent to offer for trading “Political Event Contracts” on the 2012 elections for President of the United States as well as majority party control of the U.S. Senate and U.S. House of Representatives. The filing serves to bring federal oversight to popular markets that have existed in an unregulated environment in the US and overseas for many years.
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