Philadelphia Exchange to Launch Currency Options on GBP

The Philadelphia Stock Exchange (PHLX), which introduced the concept of exchange-traded currency options in 1982 for securities account holders, began trading world currency options on the British pound last week (Monday, January 8). The US dollar-settled British pound currency options are quoted in terms of US dollars per unit of the underlying currency and the […]
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Eckert to Head Eurex in US

Swiss German derivatives exchange Eurex has appointed Heike Eckert to manage its activities in the US. She will also be responsible for customer support and new customer acquisition, as well as new business development in North America. Over the last ten years Eckert has held a number of leadership and project management positions within Deutsche […]
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CME Posts Seventh Consecutive Record Year

Chicago Mercantile Exchange (CME) set annual volume records across all its product lines in 2006 including foreign exchange where daily volume increased 35% to 453,000 contracts per day compared to the year before.  Electronic FX volume increased 47% to a record average of 396,000 contracts per day compared with 2005.  The exchange posted total 2006 […]
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Another Week; Another CME Record

Just one week after revealing its busiest day, CME raised the bar again on December 8, when FX trading breached a significant growth milestone with record volume of 1,268,883 futures and options on futures contracts. This reflects record notional value of $157.8 billion.  This record reflects a significant increase over the previous volume and notional […]
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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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