The risks of giving central counterparties open access to derivatives trading venues must be properly managed to ensure the safety of financial markets infrastructures, the International Swaps and Derivatives Association has warned.
The first foreign securities to be traded in Japan using the Japanese Depositary Receipt scheme will be listed on the Tokyo Stock Exchange on 23 August.
Global exchange operator Nasdaq OMX has cautioned that the planned merger between Deutsche Börse and NYSE Euronext will create a “monopolist that would be able to dictate the market for years to come” in European exchange-traded derivatives.
CME Group, the derivatives marketplace, and Osaka Securities Exchange, the Japanese derivatives and securities exchange, have expanded their partnership on joint product development and promotion.
NYSE Liffe, the European derivatives business of NYSE Euronext, has received regulatory approval from the Comissão de Valores Mobiliários, the Brazilian securities regulator, to offer direct electronic access to its London market with immediate effect.
Derivatives trading and risk management solutions provider Patsystems has entered an agreement to buy Mixit, a US based developer and vendor of sell-side order management systems and execution management systems for equities and options trading.
The Osaka Securities Exchange (OSE) held its first night session of trading on 19 July, extending its evening session to run from 16.30 to 03.30, rather than closing at 23.30 as previously.
PLUS Markets Group, a UK-based market operator, has received approval from the Financial Services Authority to launch PLUS-DX, its new derivatives exchange.
French broker Société Générale is implementing the Colline collateral management solution from Lombard Risk Management, which will allow it to offer buy-side clients comparative figures on clearing costs for over-the-counter derivative trades.
Tradeweb, the financial markets operator, has added European equity futures to its multi-dealer-to-client equity derivatives platform to streamline the current phone-based, over-the-counter trading model for block trades.