New for Traders: CME launches Edmonton Sweet oil futures

Commodities

  • CME launched its first light sweet oil futures contract, the Edmonton Sweet futures contract, for Canada. The contracts will be settled against Calgary-based broker Net Energy Inc.’s index, with prices based on light sweet crude delivered in Edmonton from a number of different pipelines.
  • 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.

Options

  • ISE’s bid for S&P, Dow Jones indexes was rejected by US District Judge Alvin K. Hellerstein, who cited ISE’s loss of a similar lawsuit in Illinois courts where ISE was defendant.
  • ISE Gemini announced it has completed the rollout of 302 additional products, representing the fourth successful product rollout since launch.

Forex

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

Technology

  • TD Ameritrade, Inc. announced the launch of an enriched and customizable Web experience for retail investors with their redesigned flagship trading platform available through www.tdameritrade.com.
  • RTS Realtime Systems Group (RTS) and Eris Exchange announced that RTS clients can now enjoy direct connectivity to the Eris SwapBook electronic trading platform through the full range of RTS trading solutions.
  • Eze Software Group released a new version of its Trader PMS, a portfolio management system for global buy-side institutions.

Financials

  • CME Group announced a solution to address a gap in the delivery basket of the U.S. Treasury Bond futures. The gap results from the U.S. Treasury's suspension of 30-year Treasury bond issuance between early 2001 and early 2006.
  • 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.
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