IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that ICE Benchmark Administration (IBA) will officially take over as the new administrator of the London Interbank Offered Rate (LIBOR) from February 1, 2014. Today the Financial Conduct Authority (FCA) confirmed formal authorisation to IBA to administer LIBOR effective February 1, 2014.
SGX is pleased to announce the launch of the SGX Hot-Rolled Coil Steel CFR ASEAN (“HRC Steel”) Index Futures and Swap Contracts on Monday, 17 February 2014. This will be Asia’s first seaborne steel derivatives.
The Stock Exchange of Thailand (SET) has recently joined hands with brokers to continuously educate investors on using derivative warrants (DW), and expects that DWs on SET Index series can be launched by brokers this year. As many as 761 DWs were launched in 2013, with an average daily trading value of THB 1,000 million (approx. USD 33 million), increasing 254 percent from the previous year.
NYSE Euronext and Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced the launch of the PowerShares NYSE Century Portfolio (NYCC) on NYSE Arca. NYCC is based on the NYSE Century Index, which includes U.S. companies that have been incorporated for at least 100 years, are listed on a U.S. exchange and have a market capitalization of at least $1 billion.
Clearstream – the post-trade services provider of Deutsche Börse Group – will extend the range of securities eligible for settlement in the future pan-European settlement platform TARGET2-Securities (T2S)
Anthony Belchambers has announced his intention to step down as Chief Executive of the Futures and Options Association (FOA) to seek other challenges in the industry.
BNP Paribas and Morgan Stanley, two major global banks, joined EurexOTC Clear for Interest Rate Swaps (IRS), Eurex Clearing’s central counterparty service for OTC derivatives, increasing the total number of clearing members to 32.
Hong Kong Exchanges and Clearing Limited (HKEx) announced on 27 December 2013 that its wholly-owned subsidiary, Hong Kong Securities Clearing Company Limited (HKSCC), has admitted China Securities Depository and Clearing Corporation Limited (ChinaClear) as a Clearing Agency Participant to the Central Clearing and Settlement System (CCASS) of HKSCC.
NASDAQ OMX Clearing announced on 23 December 2013 its first buy-side client cleared Interest Rate Swap. The first non-member trade was cleared between SEB and Nektar Fund.
LCH.Clearnet SA (LCH.Clearnet) has expanded its credit default swap clearing (CDS) service, CDSClear, to offer single-name CDS clearing.