Month: November 2011

CFE to Implement Trade at Settlement Transactions for VIX Futures

The CBOE Futures Exchange (CFE) last week began accepting trade at settlement (TAS) transactions in the CBOE Volatility Index (VIX) futures contract. TAS transactions aim to help traders even out end-of-day price exposure in VIX futures. For example, issuers of exchange traded notes and exchange traded funds linked to VIX futures frequently hedge near the […]

Saxo Bank Launches FX Open Positions Module

Saxo Bank has launched an FX Open Positions module on, its trading commentary, news and analysis website. ?? The module provides a snapshot of Saxo Bank clients’ aggregated foreign exchange open positions on ten major currency pairs, allowing users access to historical positioning across and within currency pairs. It makes it possible for clients […]

CME Group Reports Record Revenues

CME Group has reported that third quarter revenues increased 19% to a record $874 million and operating income increased 29% to $572 million compared with the third quarter of 2010. Third quarter net income attributable to CME Group was $316 million, up 29% year-over-year.   Average daily volume across all product lines in the quarter […]

On the Move

Nomura, SLJ Macro Partners, CBOE, Credit Suisse, Nomura Hires Khakoo to Head FX Options Nigel Khakoo has joined Nomura as global head of G10 foreign exchange options in London, a spokesperson confirms. He started in the role on 1 November and reports to Steve Ashley, global head of macro products. Khakoo was previously global head […]

Tech Corner

A round up of the latest technology news… Roubini Global Economics, an independent, global macroeconomics and strategy research firm, has enhanced its website with a Crisis Watch page, a View Centre, Scenario Analysis and several new publications. “These are the first in a series of new content types and features,” says Dean Daniels, CEO of […]

Around the World

IMF goes for stability, Icap goes to Washington, ACI Dealing Simulation goes to London, Futures and FX participants go for a walk and is Argentina going to pot? The International Monetary Fund has agreed to better take into account other data such as capital flows when reviewing member nations’ external stability after facing dissatisfaction about […]

And Finally…

My thanks to the reader who emailed me after the midweek column asking: if it was actually time to “stop the nonsense”, who would be taking over this column? Touche! I do wish to deal with correspondence this week following last Monday’s column, particularly the last piece surrounding customers’ preference, or otherwise, for multibank portals […]

And Another Thing…

Too often in this world I find myself sighing about lobbying or member organisations that tiptoe around issues – they content themselves with anodyne statements full of words such as “disappointing” and “potentially of concern” – not so ISDA, which has issued a press comment that is truly in the spirit of this column (not […]