Asset Classes

Creditex founder plots new CDS SEF

A new credit default swaps exchange led by Creditex founder Sunil Hirani is set to launch in the US, pending approval from the Commodity Futures Trading Commission.

Eurex plans Q4 launch for new platform

Eurex, the derivatives exchange owned by Deutsche Börse, plans to introduce a new trading system in Q4 this year, based on Deutsche Börse Group’s proprietary global trading architecture, which is already in use at the US-based International Securities Exchange.

New platform links IPO issuers direct to investors

US investment bank Rodman & Renshaw is launching an electronic transaction platform that bypasses brokers, connecting issuers straight to investors seeking access to initial public offerings.

MF Global returns imminent as CME takes US$30 million Q4 hit

UK customers of failed futures broker MF Global could see some of their money returned as early as next week, while in the US, Chicago-based CME Group has revealed it took a US$30 million hit last quarter due to MF Global’s bankruptcy and is launching a US$100 million protection fund for customers.

HKEx sets date for volatility futures launch

Hong Kong Exchanges and Clearing will start trading volatility futures on 20 February, following the introduction of its HSI Volatility index last year.

Amundi offers EuroMTS exposure

Exchange-traded fund provider Amundi ETF has launched a new product giving investors exposure to the EuroMTS Highest Rated Government 1-3 Index.

Custodian fee backlash prompts Mercer FX monitor launch

Consulting firm Mercer has launched a foreign exchange monitoring service for investors to keep an eye on their custodian’s fees, following a spate of lawsuits brought against the world’s largest banks for alleged fraudulent overcharging on these transactions by pension funds and other large investors.