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.
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, 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.
Ongoing efforts to liberalise the Chinese renminbi will “tremendously boost” volumes in the OTC derivatives market, according to a new report from Celent.
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.
Vega-Chi, a multilateral trading facility for bonds, has confirmed the launch of its new electronic order book for high-yield and subordinated financial bonds in Europe.
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.
Hong Kong Exchanges and Clearing will start trading volatility futures on 20 February, following the introduction of its HSI Volatility index last year.
Exchange-traded fund provider Amundi ETF has launched a new product giving investors exposure to the EuroMTS Highest Rated Government 1-3 Index.