Derivatives

CBOE to launch electronic options exchange in August

The Chicago Board Options Exchange (CBOE) is planning to launch its new all-electronic options exchange, dubbed C2, in August this year, subject to approval from the US Securities and Exchange Commission.

Thomson Reuters launches low-latency data feed for NYSE UTP

Data provider Thomson Reuters has released a beta version of an ultra low-latency direct data feed for NYSE Euronext’s Universal Trading Platform (UTP), the exchange group’s single point of access to its cash and derivatives trading platforms.

Liffe launches CDS clearing with LCH.Clearnet

Liffe has become the first derivatives exchange to offer clearing of credit default swaps (CDSs) following an agreement with LCH.Clearnet, the global central counterparty (CCP).

US options algo spending to grow by a quarter – Tabb

US buy-side traders will increase their use of execution algorithms in the options markets over the next two years as they employ more complex trading strategies and cut costs, according to a new report from consulting firm Tabb Group.

Lehman collapse spurs change in OTC derivatives trading

The bankruptcy of investment bank Lehman Brothers has prompted hedge funds to reassess their counterparty risk exposures when trading over-the-counter (OTC) derivatives, according to Ian Mainwaring, head of the alternative investments practice at investment management consultancy Citisoft.

Buy-side derivative use to grow despite turmoil – Protiviti

Use of derivatives by fund managers will rise over the next 12 to 18 months despite market turbulence and record levels of redemptions from hedge funds, according to a new report by Protiviti, a risk consultancy.

Patsystems launches derivatives algo trading platform

Patsystems, a provider of derivatives trading solutions, has released AlgoServer, an algorithmic trading tool through which brokers can develop and distribute their proprietary execution algorithms to customers.