New for Traders: SHFE preps for crude oil futures contract

December 13, 2013 09:57 AM

Commodities

  • Shanghai Futures Exchange unveiled the Shanghai International Energy Trade Center in the city’s pilot free-trade zone, which will allow the bourse to speed up preparatory work for its planned crude oil futures contract.
  • LME plans to list new commodities futures in Hong Kong in 2H14, including ire ore and coal contracts, according to Reuters.
  • CME Group announced the sale of NYMEX building in New York. The Exchange will lease back 222,000 square feet of the building for a 15-year term.

Options

  • ISE Gemini announced it has completed the rollout of 302 additional products, representing the fourth successful product rollout since launch.
  • CBOE Holdings, Inc. announced today that Chicago Board Options Exchange and CBOE Futures Exchange will launch trading on Russell 2000® Volatility Index options and futures.

Forex

  • Integral Development Corp. announced Integral FX Benchmark, a set of second-by-second foreign exchange benchmark rates for major currency pairs.

Technology

  • Eze Software Group released a new version of its Trader PMS, a portfolio management system for global buy-side institutions.
  • Object Trading announced it is adding support for NYSE Technologies’ Middleware Agnostic Messaging API to its FrontRunner DMA suite.
  • Barchart launched a new version of its mobile app on the App Store and Google Play.

Financials

  • IntercontinentalExchange announced it plans to spin-ff Euornext through an IPO by mid-2014, according to CEO Jeffrey Sprecher.
  • OpenGamma announced a new margining platform for clearing members to support the initial margin calculation requirements of central counterparties on OTC swap transactions.
  • HKEx aims to introduce after-hours trading of mini-HIS futures and mini-HHI futures, starting Jan. 6, 2014.
About the Author

Michael McFarlin joined Futures in 2010 after graduating summa cum laude from Trinity International University, where he majored in English/Communication. With the launch of the new web platform, Michael serves as web editor for the site and will continue to work on the magazine, where he focuses on the Markets and Trading 101 features. He also served as a member of the Wisconsin National Guard from 2007 to 2010. mmcfarlin@futuresmag.com