New for Traders: Week ending July 20

Commodities

  • CME Group aims to launch clearing for OTC London silver forward contracts on August 5, in a move to expand its precious metals business. Trade date will be on August 6, pending regulatory approval.
  • Cleartrade Exchange has launched five steel swaps contracts, creating the first opportunity to trade Chinese domestic steel products electronically outside of China. The launch also makes electronic trading in steel scrap derivatives possible for the first time.

Options

  • On July 18 OCC received notice it has been designated as a systemically important Financial Market Utility by the Financial Stability Oversight Council as part of the Dodd-Frank financial overhaul law.
  • The NASDAQ OMX Group announced that its BX Options exchange has become a participant exchange in the Options Clearing Corporation (OCC), bringing the total number of U.S. options markets to 10. Following the deal, all standardized options contracts traded on NASDAQ OMX BX can offset against the same contracts traded on other domestic options markets, ideally leading to increased efficiencies for member firms.

Forex

  • FXCM Inc. announced the addition of the NinjaTrader trading platform to its suite of platform offerings. Traders can now begin beta testing FXCM’s integration with NinjaTrader for forex trading.
  • The Wall Street Journal has introduced The Wall Street Journal Dollar Index to provide a more precise measure of the value of the U.S. dollar, an essential benchmark for traders and corporate treasurers who need to discern the true measure of investing abroad or domestically.

Financials

  • SunGard has extended its Software-as-a-Service (SaaS)*-based Valdi to connect to the SIX Swiss Exchange Liquidnet Service (SLS). As a non-displayed liquidity pool for block equity trading, SLS offers traders access to volumes that are not available on “lit” or visible order books of traditional stock exchanges and Multilateral Trading Facilities. This helps traders who want to buy or sell large blocks of shares find counterparties and execute their trades with no market impact to share prices and other trading activity.
  • London Stock Exchange (LSE) and Singapore Exchange (SGX) signed an agreement to offer trading in each other’s top stocks. The agreement will allow LSE members to trade shares of SGX’s top 36 companies, and SGX members will be able to trade in companies that make up the FTSE 100 Index.

Technology

  • FXCM Inc. announced the addition of the NinjaTrader trading platform to its suite of platform offerings. Traders can now begin beta testing FXCM’s integration with NinjaTrader for forex trading.
  • Continuum, a division of CQG, today announced its partnership with Quick Screen Trading to provide access to exchanges worldwide, including connectivity to key European and Asian exchanges, through QST Mobile for iPhone and iPad applications. 
  • Rosenthal Collins Group LLC (RCG) announced that, in an effort to further increase transparency for its customers and the public, the firm is providing a daily update on how RCG invests its customers’ funds.  Effective immediately and available prominently at www.RCGdirect.com, the chart describes the allocation of customer segregated funds between the various instruments in which the firm invests.
  • Interactive Data Corporation announced a new version of FutureSource Workstation, its platform for the energy, commodities and futures markets. This release, Version 3.4, features integrated trading capabilities with more than 50 Futures Commission Merchants (FCMs) and 40 worldwide exchanges, and introduces key content and functionality enhancements.
  • Space Expedition Corporation and former Goldman Sachs trader Anton Kreil announced they will attempt to set a new World Record by executing the “First Trade in Space” aboard the XCOR Lynx MK II shuttle in 2014.
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