NO 235 – SEPTEMBER 2012
52nd WFE Annual Meeting

WFE Focus September 2012
New products

Bucharest Stock Exchange launches first ETF

On 29 August 2012, the Bucharest Stock Exchange started the trading of its first ETF, the first of the Romanian capital market, diversifying the investment options available on the Exchange.

CBOE launches S&P 500 index range options

On 28 August 2012, the Chicago Board Options Exchange launched trading in a new type of S&P 500 index options contract known as CBOE S&P 500 range options. They are designed to provide individual investors with a lower-risk, lower-cost way to trade S&P 500 index options. The new product pays an exercise settlement amount if the settlement value of the underlying index at expiration selected by the investor falls within a specified “range length.”

CME Group launches trading in hot-rolled coil steel options and US Midwest scrap futures

On 7 September 2012, CME Group began the trading of its US Midwest Domestic Hot-Rolled Coil Steel index options equivalent to 20,000 short tons (1 000 contracts). The new product is cleared through CME ClearPort. On 10 September 2012, CME Group started to trade US Midwest ferrous scrap futures. This contract is the first ferrous scrap futures contract available to US steel industry participants.

CME Group launches new natural gas and power markets

CME Group launched a broad suite of new natural gas and power markets. These new contracts will be listed as futures on CME Globex, the NYMEX trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading, straight-through processing and clearing of exchange-listed and OTC energy markets.

CME Group to launch Ibovespa futures contract and add deliverable Renminbi to FX product offering

CME Group launched US Dollar denominated Ibovespa futures to begin trading on 22 October 2012. The Ibovespa is a total return index of 69 stocks traded on BM&FBOVESPA. In addition, the Exchange expanded its overall suite of Chinese Renminbi products to include deliverable Renminbi futures. These products will be launched in the coming months.

Hong Kong Exchanges introduces RMB currency futures

On 17 September 2012, Hong Kong Exchanges and Clearing introduced Renminbi currency futures. The US Dollar vs Renminbi (Hong Kong) futures contract will be the world’s first deliverable RMB currency futures.

ISE launches mutual fund based on ISE index

On 6 September 2012, the International Securities Exchange began trading the first mutual fund based on an index jointly developed by ISE and Horizon Kinetics: the Horizon Kinetics ISE Wealth Index. It includes companies whose senior managements have demonstrated track records of skill and specific industry knowledge that have translated into long term shareholder value creation.

NASDAQ OMX Nordic launches weekly options

On 7 September 2012, NASDAQ OMX Nordic launched trading in weekly options on the NASDAQ OMX Stockholm market, complementing the existing options products with monthly expiration. The OMXS30 index will be the underlying for the weekly options.

NYSE Liffe US expands mini MSCI futures portfolio

NYSE Liffe US, the US futures exchange of NYSE Euronext, added three new futures contracts based on MSCI global indices, complementing the family of MSCI index-linked futures already trading on the exchange: the mini MSCI Canada, mini MSCI Emerging Markets Latin America and mini MSCI World index futures. They offer customers more flexibility in implementing their desired exposure to key global markets, and provides accessibility to a wider range of global economies.

NYSE Liffe UK lists Russell Europe index futures

On 1 October 2012, NYSE Liffe, the European derivatives business of NYSE Euronext, will launch futures contracts on the Russell Europe SMID 300 index on its market leading wholesale derivatives service, Bclear. The index contains the 300 most rapidly tradable constituents from the small- and mid-cap set in developed European markets.

Singapore Exchange launches OTC iron ore and FFA options

On 10 September 2012, the Singapore Exchange launched its new OTC options suite for SGX iron ore and SGX Forward Freight Agreements (FFA). The SGX OTC Options complement the thriving SGX iron ore and FFA products suite and provide customers with a comprehensive range of instruments for hedging, trading, and credit risk mitigation.

TAIFEX to launch weekly options

The Taiwan Futures Exchange plans to launch weekly TAIEX options (TXO) in November 2012. The new series will be listed each Wednesday and expire the following Wednesday. Apart from the length of duration, weekly TAIEX options have the same contract specifications as monthly TAIEX options.

Thailand Futures Exchange to launch new versions of SET50 index derivatives and sector index futures

On 29 October 2012, the Thailand Futures Exchange will launch new versions of SET50 index options and futures, and introduce sector index futures in order to provide more investment choices for investors and boost market liquidity.