FXMS Releases First Volume Data

FXMarketSpace, the FX market’s first centrally-cleared, global trading platform, has released its first set of turnover figures. The updates are designed to provide increased transparency to FXMarketSpace customers and the FX market as a whole and are a first for a cash FX platform.   There is still a degree of surprise that the platform […]
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CME Reports Record Earnings for Q1

The Chicago Mercantile Exchange reported a 32% rise in total revenues to a record $332 million; and a 42% increase in net income to a record $130 million for first-quarter 2007 compared with first quarter 2006. The exchange’s diluted earnings per share rose 41% to a record $3.69 from $2.61.   First quarter volumes also […]
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Trading Technologies Launches Gateway to SGX

Trading Technologies International (TT) has launched its Singapore Exchange (SGX) gateway, its first into the Asian financial markets. The gateway provides TT’s X_Trader 7 customers with electronic access to SGX’s range of regional futures and options contracts on interest rates and equities.   Harris Brumfield, TT’s CEO, says, “Global interest in the vibrant Asian markets […]
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Dubai Exchange to Launch World’s Indian Rupee Future

The Dubai Gold and Commodities Exchange (DGCX) will list a currency futures contract on the Indian rupee in the next two months. The exchange listing will be a world’s first for the Indian rupee and will follow DGCX’s listing of three currency futures (on the euro, yen and GBP against the USD) in June 2006. […]
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ICE Opens NYC Trading Center

IntercontinentalExchange (ICE) opened a trading centre in New York last week, joining some of the world’s largest exchanges which are located in New York City. ICE, an electronic energy exchange headquartered in Atlanta, will serve its energy and soft commodities clients from the centre and is soon going to offer foreign exchange and index products […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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