NO 240 – FEBRUARY 2013
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WFE Focus February 2013
New products

BM&FBOVESPA to launch new interest rate derivatives

BM&FBOVESPA is to launch new interest rate derivatives on 1 March 2013. The first is a futures contract referenced to the average rate of one-day repurchase agreements, backed by federal securities.

BM&FBOVESPA launches new commodity derivatives

BM&FBOVESPA has begun trading new commodity derivatives developed for the sugar/ethanol sector. The first of these is the cash-settled crystal sugar futures contract.

Borsa Italiana launches European derivatives market for durum wheat

Borsa Italiana, part of LSEG, has launched AGREX, a new segment on IDEM and the only Italian derivatives market dedicated to agricultural commodities. The first products available for trading on this new segment are durum wheat futures.

Bursa Malaysia lists first ETBS

Bursa Malaysia has listed its first Exchange Traded Bonds and Sukuk’s (ETBS). The listing came after a month of subscription period which began on 8 January 2013, during which time the retail sukuk was open for public/retail investment till book closing on 25 January 2013.

Deutsche Börse launches ETFs on Chinese A-class shares

Deutsche Börse’s XTF segment listed five new equity index ETFs based on the CSI300 sector index series which comprises A-class equities of the 300 Chinese companies with the highest market capitalization and greatest liquidity that are traded on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. They enable investors to participate for the first time in the performance of Chinese A-class shares in the following sectors: banking, energy, healthcare, real estate and consumer discretionary.

Eurex expands product offering on French government bonds

On 11 March 2013, Eurex Exchange will introduce a new interest rate future, the Mid-Term Euro-OAT Future which is based on notional medium-term bonds issued by France. Together with the long-term Euro-OAT Futures, which were introduced in April 2012, the contract complements the existing segment and offers market participants an efficient and cost-effective hedging instrument.

ICE launches new oil, iron ore and China coal contracts

IntercontinentalExchange introduced 16 new energy contracts on ICE Futures Europe. The new contracts include global oil and ferrous metal futures products, as well as API 8 CFR South China coal futures, a cash settled contract based on the price of coal delivered into Southern China.

ISE launches innovative ETPs

The International Securities Exchange and IndexIQ, a leading asset management firm, signed a partnership agreement to support and promote new ETPs focusing on physical commodities. This agreement will combine ISE’s business development and experience in the index and ETF businesses with IndexIQ’s product development and marketing to bring innovative new products to the market.

NASDAQ OMX introduces derivatives trading on US treasuries

On 19 February 2013, the NASDAQ OMX Group, in cooperation with BNY Mellon, a global investment management and investment services firm, introduced options trading on US Treasury Securities at NASDAQ OMX PHLX. The new products allow investors to hedge interest rate risk with more precision.

Tokyo Stock Exchange lists new ETNs

On 18 February 2013, the Tokyo Stock Exchange listed four ETNs called “Next Notes” series. They are trust beneficiary certificates whose trust assets are the ETNs.