Derivatives

The European Commission has issued its proposals to ensure “safe and sound derivatives markets” in Europe and will announce draft legislation in 2010.

US boutique broker Capstone Global Markets (CGM) has become the first user of the new equity options functionality on trading technology provider Fidessa’s US hosted trading platform.

Oslo Børs, Norway’s national stock exchange, has announced plans to launch a multilateral trading facility (MTF) for over-the-counter (OTC) derivatives.

Tokyo Stock Exchange (TSE) has successfully launched Tdex+, an electronic options trading platform based on technology from global exchange group NYSE Euronext.

StreamBase, a provider of complex event processing technology, has released a suite of order execution strategies designed for high-frequency trading.

Global broker Bank of America Merrill Lynch has made its US options algorithmic trading platform available to users of Orc ExNet, a broker connectivity network provided by financial technology firm Orc Software.

The Osaka Securities Exchange, a Japanese securities and derivatives bourse, has chosen global exchange group Nasdaq OMX as the new provider of its derivatives trading platform.

NYSE Technologies, the commercial technology unit of exchange group NYSE Euronext, has announced plans to expand its Secure Financial Transaction Infrastructure (SFTI) connectivity network into Asia to improve client links to NYSE Liffe, the group's global derivatives exchange.

Nasdaq OMX Nordic, operator of the national exchanges in Sweden, Finland and Denmark, will start trading Norwegian derivatives from 14 September, exerting further competitive pressure on Norwegian exchange Oslo Børs.

NYSE Euronext, a global exchange group, has agreed in principle to sell a stake in NYSE Amex Options, one of its two US options exchanges, to a group of market makers and banks in a bid to enhance liquidity on the platform.