Derivatives

North American revenues up 70% for Orc Software

Orc Software, a technology provider for advanced trading, market making and brokerage, has announced significantly greater market demand in North America for Orc Software's advanced futures and options trading applications, and the CameronFIX connectivity products.

Trading begins in ISE FX Options

The International Securities Exchange (ISE) has launched trading in ISE FX Options. Four currency pairs began trading on 17 April on ISE’s options exchange: US dollar/euro (symbol: EUI), US dollar/British pound (symbol: BPX), US dollar/Japanese yen (symbol: YUK), and US dollar/Canadian dollar (Symbol: CDD). All four options classes traded with an aggregate volume of 101 contracts.

First turbo warrants start trading on Spanish exchange

The Spanish Exchange yesterday began to trade the first 'turbo' warrants, which have been issued by BNP Paribas Arbitrage Issuance (BNP Paribas). The issue consists of 8 Turbo Call and 8 Turbo Put warrants on the IBEX 35.

Binary options exchange HedgeStreet raises more money from the CBOE

Electronic options exchange HedgeStreet says that Susquehanna International Group (SIG) and DRW Trading Group (DRW) have launched market-making services on its platform. In addition, SIG and DRW have taken investment stakes in HedgeStreet. Together with a second investment from the Chicago Board Options Exchange (CBOE), HedgeStreet has closed its latest funding round.

Inter-dealer brokers GFI and ICAP offer joint credit derivative fixings

Inrer-dealer brokers GFI Group and ICAP are launching the first multi-broker tradable iTraxx tranche fixings for the interbank market. The month-end fixings will be established by dealers inputting prices onto a joint GFI/ICAP platform and follows on from fixings in previous months operated by GFI.