ELX Futures, a US-based electronic futures exchange, plans to compete with the NYSE Liffe and Eurex derivatives markets by launching interest rate products using the maker-taker and taker-maker pricing models.
Central counterparty LCH.Clearnet has announced the successful launch of its SwapClear futures commission merchant service in the US, allowing buy-side traders to centrally clear interest rate swaps.
Eurex, the European derivatives exchange joint-owned by Deutsche Börse and SIX Swiss Exchange, has reported healthy volumes in its Korean KOSPI options contracts, with over 500,000 contracts traded since its launch on 30 August 2010.
Traiana, a post-trade solutions supplier owned by interdealer broker ICAP, has extended its Harmony network's contract-for-difference equity swap service for use by long-only buy-side firms and hedge funds.
The launch of clearing for flexible equity derivatives contracts on a segment of domestic Spanish exchange Bolsas y Mercados Españoles is expected to increase trading efficiency and reduce costs for market participants.
Worldwide trading of listed derivatives soared by 25% in 2010, reaching its highest level since 2003, as market participants prepare for new rules governing over-the-counter swaps.
US derivatives regulator the Commodity Futures Trading Commission has proposed that trading firms should provide the details of price collars, throttles and a 'kill button' that are built into their derivatives trading systems to limit the risks associated with DMA.
Bank of America Merrill Lynch, has teamed up with ETF Securities, a specialist issuer of exchange-traded products, to launch IVSTOXX ETF, the first exchange-traded fund linked to European equity volatility, listed on the London Stock Exchange.
IntercontinentalExchange, a derivatives exchange and infrastructure operator, has acquired Ballista Securities, a registered broker-dealer that offers an electronic options platform for the execution of block-sized and complex multi-leg options transactions.