Record levels of derivatives trading but only limited growth in equities turnover has been reported by exchange operator and clearing firm Hong Kong Exchanges and Clearing.
Market participants have welcomed new rules proposed by the Commodity Futures Trading Commission, the US derivatives regulator, for exchange trading of over-the-counter derivatives.
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.
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
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.
Institutional investors expect a positive impact from the migration of over-the-counter derivatives onto exchange, with 63% of respondents to November's poll on theTRADEnews.com forecasting higher volumes.
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.
Global multi-asset brokerage Newedge is using a solution from derivatives trading application provider FFastFill to provide qualified buy-side clients with access to China's futures markets.