Derivatives

Eurex to cut transaction fees in 2011

International derivatives exchange Eurex is to introduce a new pricing model on 1 February 2011, as part of a strategy to encourage volumes, enhance order book quality and attract new customers, according to CEO Andreas Preuss.

Hong Kong sets out OTC derivatives reform plans

Exchange and post-trade services operator Hong Kong Exchanges and Clearing (HKEx) has laid out plans for establishing a clearing facility for over-the-counter (OTC) derivatives, following the lead of

US equity ETF to be launched in India by Nasdaq OMX

Exchange operator and system provider Nasdaq OMX Group and Indian asset manager the Motilal Oswal Asset Management Company, a subsidiary of Motilal Oswal Financial Services, plan to set up an exchange-traded fund in India, based on US equities.

Credit Suisse joins SGX for OTC clearing

The Singapore Exchange has added Credit Suisse to its SGX AsiaClear service, enabling the bank to act as a clearing member for OTC derivatives.

BM&F Bovespa extends DR programme

The custody division of Citibank has been appointed to issue unsponsored level 1 Brazilian depository receipts on the Brazilian equities and derivatives exchange BM&F Bovepsa, from 29 November.