Derivatives

US buy-side to boost spending on high-speed options technology

Hedge funds and traditional asset managers in North America will spend as much as $305 million on low-latency options trading infrastructures in 2011, up from $253m in 2008, according to estimates by Tabb Group, a research firm.

CBOE launches combined stock and option execution

The Chicago Board Options Exchange (CBOE) and its subsidiary the CBOE Stock Exchange (CBSX) have launched a fully automated execution service for combined option and stock trades through a single electronic platform.

BNY ConvergEx launches electronic options solution

BNY ConvergEx Group, an agency brokerage, has launched FBW Direct, a new options trading facility to give off-floor clients the ability to route options orders electronically to new exchange-based floor broker workstations (FBW).

Nasdaq and NYSE launch complex order systems for options

The Nasdaq OMX PHLX options exchange, formerly the Philadelphia Stock Exchange, has completed the roll-out of a complex order system, while rival platform NYSE Arca Options revealed it was piloting a similar initiative.

NYSE US futures exchange to launch in September

The US Commodity and Futures Trading Commission (CFTC) has approved an application by NYSE Liffe, the US futures trading platform of exchange group NYSE Euronext, to become a designated contract market.

OSE and ISE halt Japanese options platform plan

The Osaka Securities Exchange (OSE) and the International Securities Exchange (ISE) have terminated their memorandum of agreement (MOA), which was signed back in February.

Warsaw reports Europe’s fourth-largest index futures volumes

Poland’s Warsaw Stock Exchange (WSE) recorded Europe’s fourth-highest trading volume in index futures contracts, both for the month of June and across the first half of this year, according to figures compiled by the exchange and the Federation of European Securities Exchanges.

Arca’s new options pricing sparks backlash

NYSE Arca’s decision last week to raise the fee for taking liquidity in its tier-one penny pilot options has prompted a negative reaction from options traders, according to Tony Saliba, president and CEO of LiquidPoint, the options division of agency broker BNY ConvergEx.