Derivatives

Nymex abandons plans for trading floor in London

The parent of the New York Mercantile Exchange has ditched plans to operate a trading floor in London. Open outcry trading in London "never took off the way that we hoped," a Nymex spokeswoman explain

Capitalia to start SwapsWire for equity derivatives

SwapsWire announced yesterday that Capitalia Spa is the first Italian bank using its system to automate OTC equity and interest rate derivative trade confirmations. Capitalia started confirming interest rate swaps trade electronically in August 2006 and went live with equity options on SwapsWire in December.

AFA adds options trading functionality to its IMPACT Pro trading platform

Advanced Financial Applications (AFA) is adding an options trading capability to its IMPACT Pro platform. Phase I offers clients options trading capabilities, and is available now. Phase II, likely to be release at the end of the first quarter, will include analytics functionality

MEFF now offers stock options and futures on whole of IBEX 35 and PRISA

From today, the Spanish derivatives exchange MEFF has expanded its futures and options contracts to cover all the underlying shares in the IBEX 35, and PRISA. This means MEFF now provides 100% coverage of the Index’s capitalisation, both with futures and with options.