European Commission to approve CCP rules

Exchange Shorts

DB1: Eurex introduced a new range of incentives to boost trading in Euribor.

London Metal Exchange (LME) aims to launch steel rebar and scrap contracts, and stated that it is still committed to its existing billet contract, Reuters reported. LME will also launch its new aluminum premium contract in 1Q15, LME head of business development Matthew Chamberlain said.

European Commission
is expected to approve CCP rules in five countries, including Australia, Hong Kong, India, Japan and Singapore – but not in the U.S. – as the U.S. has yet to have all the necessary rules in place, reported.

InterContinental Exchange (ICE)
temporarily suspended trading in Euribor and Eonia contracts due to a technical glitch on Tuesday morning, Reuters reported.

NYSE President Farley will testify on Tuesday morning before the Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations to discuss equity market structure.

IEX Group
hired former regulator John Ramsay as its chief market policy and regulatory officer as it seeks to become a stock exchange, Reuters reported. Ramsay was formerly acting director of the SEC’s Division of Trading and Markets.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at 

Equity Research Desk ( provides fundamental analysis of global capital markets related entities to support the investment process of buy-side analysts at hedge funds and traditional money managers. The company focuses its coverage on securities exchanges, discount brokers, trading platforms, asset managers, financial-related technology companies and intellectual property assets in the US, Europe, Asia, and Latin America.

comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome