Derivatives

Newedge, a global multi-asset brokerage, has become the first foreign company to be granted a full futures license in South Korea by the Korea Financial Services Commission, the country’s financial regulator.

Patsystems, a derivatives trading solution provider, has launched connectivity services to EDX London, the equity derivatives exchange operated by the London Stock Exchange Group.

UK clearing house LCH.Clearnet has rolled out SwapClear, its over-the-counter (OTC) interest rate swaps clearing service, to buy-side firms.

The UK financial regulator, the Financial Services Authority (FSA), has laid out a vision for trading over-the-counter (OTC) derivatives in which standardisation and centralised clearing are preferable, but not mandatory.

Eurex, the international derivatives exchange operated by Deutsche Börse and SIX Swiss Exchange, will launch new equity options based on 30 of the most liquid UK-listed stocks on 18 January, 2010.

Agency broker and technology provider ConvergEx has launched a dedicated exchange-traded fund desk and expanded its ETF trading capabilities.

Singapore Exchange (SGX) has gone live with SGXClear, its new derivatives clearing system.

The International Securities Exchange (ISE), a US equity options exchange, has announced plans to enhance its FX options product suite at the beginning of next year.

Goldman Sachs Electronic Trading (GSET) has released version 9.1 of its REDIPlus execution management system (EMS), which includes expanded options and futures trading capabilities.

UK regulator the Financial Services Authority (FSA) has fined investment bank Nomura £1.75 million for “serious failings in the due skill, care and diligence” employed when book-marking within its International Equity Derivatives (IED) business.