ISE Taps Timber Hill

The International Securities Exchange has tapped Timber Hill, the market making subsidiary of Interactive Brokers, as the primary market maker (PMM) for the first four currency pairs of ISE FX options to be listed. FX options are scheduled to launch early in the second quarter of 2007, pending SEC approval, with the following four currency […]
Read More »

CME Enhances e-Trading for FX Options

The Chicago Mercantile Exchange (CME) has unveiled new technology upgrades that will make it easier for customers to electronically trade CME options.   The enhancements are intended to make it more attractive to electronically trade its 1.2 million contracts-a-day market across the foreign exchange, interest rates, equities and commodities asset classes. Beginning March 25, 2007, […]
Read More »

CME & ICE Trade Insults over CBOT Bids

The Chicago Mercantile Exchange (CME) called IntercontinentalExchange’s (ICE) $9.9 billion rival bid for the Chicago Board of Trade “significantly inferior” to its own $8 billion-plus bid; while ICE called its challenge “clearly financially superior”.   CBOT, which agreed last October to merge with the CME, received a competing bid from all-electronic energy and commodities marketplace […]
Read More »

Eurex to Launch Credit Index Futures

Eurex, the international derivatives exchange, will start trading in credit index futures on 27 March with three contracts. In addition to the already announced future based on the iTraxx Europe 5 year, Eurex will offer futures contracts on the iTraxx HiVol 5 year and iTraxx Crossover 5 year indices. The iTraxx Europe index is an […]
Read More »

FXMarketSpace Adds to Sales and Client Solutions

FXMarketSpace, the centrally-cleared FX platform owned by Reuters and CME, is strengthening its sales and customer solutions teams prior to its launch with a series of hires on both sides of the Atlantic. In sales, Tom Koslowske and Noel Singh have been appointed vice presidents based in New York and London respectively. Koslowske reports to […]
Read More »

ICE Offers $10 Billion to Thwart CME, CBOT Deal

The Chicago Board of Trade (CBOT), which agreed last October to merge with the Chicago Mercantile Exchange, has received a competing bid from all-electronic rival InterContinentalExchange (ICE). Directors from CBOT are understood to be meeting on Tuesday March 20 to evaluate the counterbid. ICE, an energy and commodities marketplace, said last Thursday March 15 that […]
Read More »

Micex Celebrates 15 Years

The Moscow Interbank Currency Exchange (Micex), which contributed to the creation of market mechanisms in determining the exchange rate of the Russian rouble, celebrated its 15 year anniversary last week at a special ceremony. Micex president Alexander Potemkin said the exchange has made an important contribution in attracting investments in the country’s economy. “As a […]
Read More »

CME Reports Increase in FX Volume in February

The Chicago Mercantile Exchange (CME) reported that foreign exchange volume in February 2007 averaged 508,000 contracts per day, 3% higher than in January 2007 and up 38% compared with February 2006. Electronic foreign exchange volume averaged 457,000 contracts per day, up 45% compared with the year-ago period, the exchange said last week. Overall on the […]
Read More »

Chicago Exchanges’ Shareholders to Vote on Merger

Shareholders of Chicago Mercantile Exchange Holdings and CBOT Holdings will vote on the exchanges’ proposed merger at separate meetings on April 4, according to a filing with the Securities and Exchange Commission. Executives from both exchanges have stated they expect the merger, announced in October last year (Squawkbox, October 23, 2007) to close midyear. The […]
Read More »

Rydex Launches First ETF to Track Movements of Yen on NYSE

The first yen-based exchange traded fund, the CurrencyShares Japanese Yen Trust, began trading on the New York Stock Exchange last Tuesday (February 13). One of eight currency-based ETFs sponsored by Rydex Investments, CurrencyShares Japanese Yen Trust tracks the daily price movement of the yen. The yen-based ETF joins the family of NYSE-listed CurrencyShares, providing investors […]
Read More »
1 2 3 4 5 75 76 77 78 79