NO 242 – APRIL 2013

WFE Focus April 2013
New products

BME to trade new debt products

BME (the Spanish Exchanges) admitted to trading on its electronic fixed-income platform SEND for retail investors 50 issues of the Spanish treasury bills and government bonds as well as 100 strips (public debt). In addition, on 19 March 2013, BME started the trading of the first ETF tracking the performance of the MTS Spain Government Index, which comprises Spanish sovereign debt securities with over one-year maturities issued by the Spanish Government.

BM&FBOVESPA to start trading crude oil derivatives contracts

On 21 June 2013, BM&FBOVESPA will launch a new cash-settled mini crude oil derivatives contract based on the settlement price of CME Group’s NYMEX light sweet crude oil futures contract. The launch is part of an agreement with CME Group to promote the cross-listing of futures contracts designed to meet the needs of local market participants.

ICE launches new futures contracts

On 29 April 2013, IntercontinentalExchange will introduce 35 new energy, environmental, freight and ferrous metal contracts. They include global crude oil, gasoline, middle distillate, natural gas liquid, natural gas, power, environmental, freight and iron ore futures and options products. They will be cleared at ICE Clear Europe.

Johannesburg Stock Exchange implements new REITs regime

From 1 April 2013, South Africa will implement a local Real Estate Investment Trust (REIT) regime. From this date, all property companies currently listed on the Johannesburg Stock Exchange either property loan stocks or property unit trusts will convert to a REIT structure and any new listings in this sector will have to comply with JSE REIT listing requirements.

NYSE Euronext launches mini options

NYSE Euronext has launched mini options contracts on NYSE Arca and NYSE Amex in five actively traded securities and ETFs. For the first time, NYSE Arca and NYSE Amex options customers are now able to trade mini-options with 10 share deliverables as opposed to the standard 100 deliverable contracts.