Derivatives

Interdealer broker ICAP plans to open an electronic interest rate swap platform on 6 September 2010.

Buy-side firms have come out in support of the Committee of European Securities Regulators' recommendation for the organisation of transaction and position reporting on OTC derivatives, under the caveat that the obligation to transaction report is attached to market makers and broker-dealers.

Derivatives trading platform NYSE Liffe, a subsidiary of global exchange group NYSE Euronext, has received permission from the Hong Kong Securities and Futures Commission to provide automated trading services in Hong Kong.

US options exchange the International Securities Exchange is expanding its modified maker-taker pricing programme to cover 100 instruments.

Colt, a business communications and IT services provider, has launched two new trading networks in Europe, which it claims will operate at a significantly lower latency than other similar offerings.

Electronic trading and agency-only brokerage firm Instinet has announced the introduction of US-listed futures and options functionality on its Newport 3 execution management system.

The Singapore Mercantile Exchange, the first pan-Asian commodity and currency derivatives exchange, has announced that it will commence trading on 31 August 2010.

The Singapore Exchange has adjusted its derivatives market to better suit international investors, as it continues to position its market as the gateway to Asia for overseas firms.

Lime Brokerage, an agency broker and trading technology provider, has enhanced its equity options data offering as it seeks to ramp up its offering for high-frequency options traders.

The Chicago Board Options Exchange has voiced its strong opposition to a proposed ban on flash orders in the US listed options market, but industry opinion appears to weigh against it.