New for Traders: Week ending February 8

A wrap-up of new products and services from around the industry

Financials

  • CME plans to migrate Kansas City Board of Trade (KCBT) open outcry trading to CME facilities on July 1. The integration with CME Clearing will ideally provide cross-margining and other capital efficiencies for KCBT customers.
  • TriOptima has launched triQuantify, a counterparty credit risk analytics service for over-the-counter derivatives, which is powered by Global valuation Ltd. software. TriOptima intends to integrate the new service with triResolve, its counterparty exposure management service.
  • Charles Schwab introduced Schwab ETF OneSource, an ETF platform designed to provide access to 105 commission-free ETFs.
  • Istanbul Borsasi and Japan Exchange signed a memorandum of understanding to facilitate the cross-listing of ETFs.
  • ISE launched ISE ETF Ventures, a new product development group designed to assist partner firms in bringing new ETFs to market through capital commitment, business development and marketing support.

Technology

  • London Data Exchange launched its Perseus Telecom global exchange platform, offering connectivity to more than 50 global markets from North London.
  • Hong Kong Exchange will open a new market data hub in mainland China. The hub, known as the Orion Market Data Platform, will offer a suite of low-latency market data product feeds with content, market depth and bandwidth options.
  • Nasdaq OMX’s Sentinel over-the-counter clearing and risk management solution will power Poland’s leading securities clearing house and central counterparty, KDPW_CCP.

 Regulation

  • The Commodity Futures Trading Commission (CFTC) approved LCH.Clearnet as a derivatives clearing organization, allowing the clearing house to clear futures contracts, commodity options, options on futures contracts and swaps on interest rates and FX.
  • The Securities and Exchange Commission denied NASDAQ’s proposal to offer algorithmic trading, saying that the trading would compete unfairly with brokers’ algorithms.
  • The CFTC approved ICE Clear Credit’s proposal to provide portfolio margining relief for buy-side clearing of credit default swaps.

Commodities

  • Beginning in 2014, Nasdaq OMX plans to offer physical and financial Dutch gas contracts and European coal contracts.
  • ISE and IndexIQ entered into a partnership agreement to promote new exchange-traded products focused on physical commodities.
  • IntercontinentalExchange will introduce 16 new energy contracts on ICE Futures Europe beginning Feb. 11. The new contracts include coal, ferrous metals and global oil products.
  • CME Clearing Europe is now offering two over-the-counter European natural gas froward contracts: the United Kingdom National Balancing Point Natural Gas Physically Delivered Forward contract and the Netherlands Title Transfer Facility Natural Gas Physically Delivered Forward contract.

Options

  • TD Ameritrade introduced a new “Strategy Roller” feature to its thinkorswim trading platform. The tool is designed to allow retail traders to roll their existing option positions automatically based upon their own user-defined settings.
  • CME will offer palladium and platinum options on its Globex trading platform starting on Feb. 24.

Forex

  • Nasdaq has entered into a partnership with Deutsche Bank and Imarex FS, designed to offer market participants access to an integrated trading and clearing service to FX products. Clients of the Nasdaq OMX’s Norwegian clearing house, NOS, will be able to trade FX products through Deutsche Bank’s FX trading platform.
  • Thomson Reuters enhanced its FX matching platform designed to boost capacity, scalability and performance. New features include a graphical user interface and click to trade capability.

 

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