Nasdaq Dubai has admitted global broker Bank of America Merrill Lynch as a general clearing member for its equity derivatives market, the continuing growth of which it claims will boost liquidity across the entire bourse.
Execution technology provider ConvergEx has reported record growth in its American depository receipt trading (ADR) owing to increased availability of instruments.
Rule Financial, a business and IT consultancy, has launched Margin Analytics Accelerator, a suite of tools for clearing over-the-counter instruments aimed at limiting the costs that buy-side firms face on the back of new regulations.
Buy-side institutions may face unnecessary costs due to inefficiencies in their handling of over-the-counter derivatives trading, according to a survey conducted by custodian BNY Mellon and research firm InteDelta.
The Royal Bank of Scotland has joined the derivatives market of the Singapore Exchange as a trading member. The bank has been a clearing member of SGX's derivatives market since June 2008.
EDX London, the international derivatives market of trading venue operator London Stock Exchange Group, has gone live with dividend futures based on six Russian international order book underlyings.
The Tokyo Stock Exchange plans to introduce a new high-speed index dissemination service with the aim of calculating and disseminating TOPIX and other target indices.
The Securities and Exchange Board of India, the country's financial regulator, has permitted stock exchanges in India to list foreign index derivatives denominated in rupees.
Trading technology provider ConvergEx Group has enhanced its LiquidPoint platform for US-listed options with the launch of BLAZE, a high-capacity, low-latency execution platform.
Eurex, the international derivatives exchange jointly owned by German exchange group Deutsche Börse and SIX Swiss Exchange, is to launch stock-specific equity options with weekly expirations from 24 January 2011.