Chicago Mercentile Exchange (CME) signed a deal with China Financial Futures Exchange Inc (CFFEX) that will offer market data services to the former. Under the deal, CME will license and distribute CFFEX market data outside of mainland China, to customers of CME’s recognized market data distribution platform.
ICAP expects its revenues to drop by 15% in the six months to September 30, or 10% adjusted for currency fluctuations, Reuters reported.
DB1: International Securities Exchange filed an application with SEC to open ISE Mercury, its third U.S. options exchange in 1H15.
TMX appointed Lou Eccleston as its new CEO, Reuters reported. Eccleston was most recently president of the McGraw Hill Financial’s S&P Capital IQ unit.
Hong Kong Exchange CEO Charles Li stated that “as the new owners of London Metal Exchange (LME), we want to further build on this leadership. We will do this by building LME Clear, insourcing LME’s IT and building a trade repository. We want to make access to LME’s electronic trading platform as easy as possible for global investors, traders, producers and consumers,” the Automated Trader reported.
Financial Stability Board (FSB) stated that around 14 global banks will adopt new derivatives contracts by end-October, Bloomberg reported. The contracts are aimed at halting cascades of defaults in the financial system in case of a crisis. According to the FSB, “effective stays on termination rights that arise only by reason of or in connection with a firm’s entry into resolution are important to prevent the close out of financial contracts in significant volumes.”