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WFE Focus February 2011
New products

Australian Securities Exchange launches currency-based ETF
The Australian Securities Exchange has launched its first currency-based ETF. The new product tracks the US dollar against the Australian dollar, enabling Australian institutional, intermediary and individual investors to simply and cost-effectively obtain immediate exposure to the US dollar.

BM&FBOVESPA launches soybean futures contracts
On 27 January 2011, BM&FBOVESPA started trading new cash-settled soybean futures contracts. On 28 January 2010, trading was also authorized for call and put options on cash settled soybean futures. With these new products, BM&FBOVESPA seeks to increase the participation of cooperatives, exporters, cereal merchants and other agents in the soybean market, and increase liquidity.

BM&FBOVESPA launches reference interest rates
BM&FBOVESPA started the daily publication of the 3-month and 6-month reference interest rates. With the creation of the new indicators, BM&FBOVESPA offers the market an alternative to short term interest rates for the indexation of securities such as debentures, promissory notes, among others. The launch of the new reference interest rates is part of a joint effort by BM&FBOVESPA, the Federal Government and the private sector for the development of Brazil’s fixed-income market. The initiative is also part of the Exchange’s strategy to increase liquidity in the secondary market for fixed-income securities.

CME Group launches new natural gas futures
The CME Group introduced three new natural gas futures contracts. The contracts will be traded on the NYMEX floor, electronically through CME Globex and available for clearing services through CME ClearPort. Trading in the new contracts started on 7 February 2011.

Eurex introduces dividend futures on UK underlyings
On 24 February 2011, Eurex launched new dividend futures based on the dividends of thirteen UK equities. These new products will expand the existing Eurex range of exchange-listed dividend derivatives, currently comprising five index dividend futures, 66 futures on single stock dividends and one option on the EURO STOXX 50 dividend future.

Eurex introduces new European-style options on German stocks
Eurex launched 11 new equity options on leading German companies on 21 February 2011. The options will be on Allianz, BASF, Bayer, Commerzbank, Daimler, Deutsche Bank, Deutsche Telekom, EON, RWE, SAP and Siemens. The 11 new contracts will have European exercise styles, whereas the rest of Eurex’s equity options follow American exercise styles. European-style options may be exercised only on the expiry date while American-style options may be exercised at any time before the expiry date.

ICE launches 26 new energy contracts
On 21 February 2011, IntercontinentalExchange launched 21 new cleared OTC energy contracts for global oil and refined petroleum products, North American power and North American natural gas. ICE also introduced on ICE Futures Europe three new US thermal coal futures contracts settled against daily assessments published in Platts Coal Trader. Platts is a leading global energy and information provider

London Stock Exchange Group’s EDX launches Russian stock dividend futures
On 17 January 2011, EDX London, London Stock Exchange Group's international derivatives market, has introduced dividend futures on six Russian International Order Book (IOB) underlyings.

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