Eurex to Add Credit Derivatives

Eurex will launch the world’s first exchange traded credit derivatives contract on 27 March 2007, a future based on the iTraxx Europe 5 year index series. The iTraxx Europe index is an equally weighted portfolio of the 125 most liquid Europeaninvestment grade credit default swap (CDS) entities. In addition, dependent on market demand and sufficient […]
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CME Euroyen Contracts to Trade on Globex

The Chicago Mercantile Exchange CME) will begin listing its Euroyen futures and options on futures contracts on the CME Globex electronic trading platform on Sunday, February 4, 2007, for the trade date of February 5. Side-by-side electronic and open outcry trading will be available for the Euroyen Tibor (Tokyo Interbank Offered Rate) contract, which will […]
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CME Kicks Off December in Style…

The Chicago Mercantile Exchange (CME) had a strong start to its December trading, announcing record trading activity on Friday, December 1, 2006, with a total of 10,997,315 futures and options on futures contracts traded. This eclipsed the previous record of 10,675,578 set on September 1, 2005, and was more than double the exchange’s average daily volume […]
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CME FX Volume up 38% in November

Foreign exchange volume at the Chicago Mercantile Exchange averaged 508,000 contracts per day in November, up 38% compared with the year-ago period, which is a record for highest volume during a non-roll month.  Electronic foreign exchange volume increased 42% to average a record 457,000 contracts per day compared with November 2005. At the end of last […]
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HKEX Aims to Roll out Renminbi Futures

Hong Kong Exchanges and Clearing (HKEX) is considering introducing renminbi currency futures including CNY-HKD and CNY-USD contracts, with settlement in HKD, as part of its strategic plans. An exchange spokesperson tells Squawkbox, “HKEX is interested in introducing renminbi futures and plans to issue a consultation paper in the next several months on contract specifications and […]
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FXMS, CLS Continue to Explore Areas of Cooperation

Despite speculation in the industry about the relationship between FX MarketSpace (FXMS) – the Chicago Mercantile Exchange and Reuters joint venture – and CLS, the provider of Continuous Linked Settlement, both companies stress that their working relationship remains business-like and that no block on activity has been put in place. Speculation over the firms’ relationship emerged earlier […]
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CME Expands FX Options Trading Hours

The Chicago Mercantile Exchange (CME) will offer side-by-side open outcry and electronic trading for the majority of its CME FX options on futures beginning Monday, December 18. Nine CME FX options, with American-style expiration, will be available nearly 23 hours a day on the CME Globex electronic trading platform. The options are: CME Euro FX […]
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CME Reports Rise in FX Volume

In other news, CME said last week that foreign exchange volume in October rose 24% compared with the year-ago period, reflecting a rise in volume generally across the exchange. FX volume averaged 407,000 contracts per day with electronic volume increasing 31% from October 2005 to an average 363,000 contracts per day. Overall, volume for all […]
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CME and SGX Renew Clearing Agreement

Chicago Mercantile Exchange (CME) and Singapore Exchange (SGX) haverenewed their Mutual Offset System (MOS) agreement until 2010, giving market participants the choice of clearing certain products at either exchange.  The products include three-month eurodollar futures, three-month euroyen futures and yen-denominated Nikkei 225 index futures. New products launched by CME and SGX will also be considered […]
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CME and Taiwan Futures Exchange Collaborate

The Chicago Mercantile Exchange and derivatives exchange Taiwan Futures Exchange (Taifex) signed a memorandum of understanding (MOU) last week to establish a forum for information sharing between the two organisations. The relationship will help CME further expand its presence in Asia that began more than 20 years ago. “Through strengthened collaboration, we will learn from […]
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