Derivatives

US buy-side traders expect their use of options to grow in 2009 as trading conditions return to normal, according to a new study from research and consulting firm TABB Group.

The Mexican Derivatives Exchange (MexDer) has installed a new front-end solution from independent software vendor Realtime Systems Group as part of its efforts to attract more international business.

Nine leading brokers have committed to use central counterparty (CCP) clearing for CDSs in the European Union amid growing support for the formation of European CCPs to clear the contracts.

The Wholesale Markets Brokers’ Association (WMBA), a trade body representing interdealer brokers, has hit back at recent comments from the Federation of European Stock Exchanges (FESE) that blamed over-the-counter (OTC) instruments for the current financial crisis.

Patsystems, a derivatives trading solutions provider, has become an independent software vendor for the derivatives segment of Brazilian exchange group BM&F BOVESPA, allowing the firm to offer clients direct market access (DMA) to BM&F BOVESPA’s derivatives market.

European derivatives exchange Eurex, a joint venture between Deutsche Börse and SIX Swiss Exchange, has launched an incentive programme to encourage more trading from brokers in central and eastern European countries. The programme is aimed at traders who have not been active on Eurex and want to expand their proprietary trading in the exchange’s products.

European clearing house LCH.Clearnet is planning to launch a clearing service for credit default swaps (CDS) in the eurozone by December 2009.

The International Securities Exchange (ISE) has established an alternative primary market maker program to support new listings.

Software provider Progress Apama has predicted strengthening Brazilian demand for algorithmic trading solutions after unveiling its first client in the country, broker Ágora Corretora de Titulos e Valores Mobiliaro.

Trading Technologies (TT) has released X_TRADER 7.6, the latest version of its derivatives trading platform. The new version adds features designed to enhance functionality, usability, deployment and user administration.