The proposed introduction of after-hours futures trading by the Hong Kong Exchanges and Clearing is aimed at attracting European and US investors, but may also support the exchange's key strategic goal of meeting latent international demand for renminbi-denominated products.
Turquoise Derivatives, the pan-European derivatives market operated by the London Stock Exchange Group, will go live on 6 June, offering at first only FTSE futures contracts but expecting to move forward with other products before the end of the year.
Canadian derivatives venue Montreal Exchange, a subsidiary of Canadian exchange operator TMX Group, has launched a SXM Mini Futures contract on the S&P/TSX 60 Index.
European derivatives market Eurex, joint owned by market operators Deutsche Börse and SIX Swiss Exchange, will open an access point for Hong Kong in June.
The Financial Services Committee of the US House of Representatives has voted to give regulators more time to deliver the rules that will govern derivatives trading.
The amended text of the European market infrastructure regulation, as voted for by the Economic and Monetary Affairs Committee of the European Parliament yesterday, contained a clause that may allow trading venues to licence derivatives from existing markets more easily.
The Economic and Monetary Affairs Committee of the European Parliament has voted to allow cash equity central counterparties to interoperate under the European market infrastructure regulation, but similar arrangements for derivatives will not apply before 2014.
PLUS Markets, a UK-based exchange group, has unveiled details of new swap index contracts that will be traded on its soon-to-be-launched derivatives exchange and are designed to improve the efficiency of interest rate hedging.
US institutional investors are making increasing use of exchange-traded funds in their portfolios, with many firms deploying them to achieve active exposures, according to a new study by research firm Greenwich Associates.
Market operator Deutsche Börse has added eight new State Street Global Advisors-issued exchange-traded funds to its Xetra platform, including five linked to the performance of companies in emerging markets.