Regulations
- The Futures Industry Association, the Futures and Options Association and FIA Asia are pleased to announce the completion of the final bylaw changes needed to form FIA Global, the confederation of associations that will enhance their combined global voice and reach. Members of the FOA approved the proposed affiliation in July along with its name change to FIA Europe. This week FIA Asia and FIA announced the completion of the necessary changes to their bylaws, the final steps in the process for forming FIA Global.
- The International Securities Exchange (ISE) announced that ISE GeminiTM, ISE's second options exchange, successfully completed its first day of trading on Aug. 5. ISE Gemini launched trading with six symbols -- Walt Disney Co. (DIS), NetApp Inc. (NTAP), Texas Instruments Inc. (TXN), Goldcorp Inc. (GG), NVIDIA Corp. (NVDA), and Dow Chemical Co. (DOW).
- CME Group announced the launch of Short-Dated New Crop Options on KC Hard Red Winter (HRW) Wheat futures.
- Eurex launched options on French government bond futures with effect from 10 September, the international derivatives market Eurex Exchange will launch options on futures that are based on notional long-term bonds issued by the French Republic with a notional coupon of 6 percent and a remaining maturity of 8.5 to 10.5 years.
- Interactive Data continues to make significant investments in extending the content available within FutureSource and the functionality to search, analyze and chart various content sets. As part of this ongoing effort, we have enhanced the FutureSource web application with a number of new features.
- In response to customer demand for solutions to address increasing complexity and volumes of corporate actions in Asia-Pacific, SunGard has expanded its XSP business to build a presence in Singapore.
- The Securities and Exchange Commission has authorized IntercontinentalExchange's acquisition of NYSE Euronext. The $8.2 billion deal still needs approval from individual European countries, but an early September closing is expected.
- TeraExchange filed its application to become a Swap Execution Facility (SEF) with the Commodity Futures Trading Commission (CFTC) on Friday July 26th, 2013.
- The London Metal Exchange (LME) launched a consultation on a proposal designed to cut warehouse queues, and encourages responses from all interested parties. The proposal presented to the market today suggests a way to both cut existing queues and prevent new queues from forming.
- Moscow Exchange and Eurex announced today that they have signed a cooperation agreement for the trading of foreign exchange (FX) derivatives. Through this new element of the partnership between Deutsche Börse and Moscow Exchange, Eurex Exchange will launch Euro/Russian Rouble and U.S. Dollar/Russian Rouble FX futures on its trading system in Q4 2013
- CLS Group announced the opening of an office in Hong Kong, significantly expanding its Asia presence beyond its long-standing office in Japan.