CME and Brazilian Merc Invest in Each Other

In the first ever cross-equity agreement between a US and Latin American exchange, CME Group and the Brazilian Mercantile & Futures Exchange (BM&F) have signed a letter of intent to invest in each other’s exchanges. A long-term partnership between the two may be expanded to joint product development, offshore collateral management services and clearing. BM&F is […]
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China Exchanges Approves 10 Stock Futures Brokerages

The China Financial Futures Exchange (CFFEX) has approved ten futures brokerages as its first exchange members, according to official media.  The move is another indication that the country’s first stock index futures contract may be launching soon (See Squawkbox, 23 April, 2007). Meanwhile, China’s three commodity futures exchanges traded 85.4 million contracts valued at CNY3,800 billion […]
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Tradeweb Opens Access in Australia for Global Fixed Income

Thomson Tradeweb, a global online, multi-dealer-to-client marketplace for fixed income and derivatives, has received regulatory approval to offer Australian institutional investors access to its liquidity pools in US Treasuries and European Government Bonds during Asian hours.   Asia-based customers, such as asset managers and central banks, have been able to use TradeWeb during Asian hours since […]
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ASX to Launch World’s First Listed CFDs Next Month

The Australian Securities Exchange is launching Contracts for Differences (CFDs) on 5 November. It will be the world’s first listed CFD market with 16 single stock CFDs initially offered.    However, CFDs on seven currency pairs, AUD/USD, AUD/NZD, AUD/EUR, NZD/JPY, AUD/JPY, EUR/USD, and NZD/USD will be launched on 12 November, together with index and gold CFDs. […]
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ICE to Launch Electronic Currency Futures Trading

ICE Futures US, the subsidiary of IntercontinentalExchange, will begin offering foreign exchange futures electronically on the ICE trading platform on November 9, the firm has revealed. ICE says the listing of the contracts will occur in phases. In the initial phase, the following futures contracts will be offered electronically 22 hours a day on the […]
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SGX and Reuters Launch Hosted Solution For Hedge Funds

Reuters has launched a low latency proximity hosting solution for hedge funds trading on the Singapore Exchange (SGX). Demand for trading services that are hosted within close proximity of the exchange is increasing as institutions look to take advantage of low latency data provision and reduced time to trade execution. This enables firms to gain […]
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CME and Barra Launch Emerging Markets E-mini

CME and MSCI Barra, a provider of benchmark indices and risk management analytics, have signed an agreement to allow CME to offer E-mini futures on the MSCI Emerging Markets Index. The contact is expected to start trading on October 22.   The MSCI Emerging Markets Index, is a free float-adjusted market capitalization index containing over […]
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FXMarketSpace Arrives in Hong Kong

FXMarketSpace, the OTC FX platform joint venture between Reuters and CME, has opened an office in Hong Kong after having been authorised as a money broker by the Hong Kong Monetary Authority.   Tarun Anand, senior vice president, head of strategy and head of sales for Asia, is moving to be based in the Hong […]
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CME Lightens Staff Post-CBOT Merger…

CME Group, the combined Chicago Mercantile Exchange and Chicago Board of Trade entity, is to lay off 380 staff. The layoffs – which equal about 18% of total staff in the new group – are expected to be completed by June of next year.   The individuals whose positions are being eliminated were being informed […]
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Return of Volatility Pushes CME to Second Biggest FX Day…

Jumpy global markets, spooked by the credit crunch in the US and the unwinding of the carry trade, gave trading venues a massive boost in volumes last week.   CME’s Foreign Exchange markets experienced record electronic trading volume with 1,126,852 futures and options, reflecting notional value of $134 billion. It was the second strongest trading […]
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