The JSE launched equity options for retail investors. Retail Equity options include Single Stock Options on the top twenty companies in the FTSE/JSE Top 40 Index and Index Options on the Top 40 Index itself.
Eurex Clearing, Europe’s largest central counterparty (CCP), announced that Eurex Credit Clear, its new central counterparty solution for credit default swaps (CDS), will be operational by 27 July and start clearing on 30 July 2009.
CME Group announced the launch of clearing services for nine new petroleum swap futures contracts. Clearing will be available through CME ClearPort((R)), a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes, beginning on August 2 for trade date August 3.
Singapore Exchange Limited (“SGX”) announced further measures to advance the transition progress of Catalist Non-sponsored (“NS”) companies for the development of Catalist, its sponsor-supervised board for fast growing companies. The measures serve to provide financial assistance and time relief to Catalist-NS companies in view of the prevailing economic conditions.
Bursa Malaysia announced the revised tick size structure, which will see a smaller tick size, and is planned for implementation on Monday, 3 August 2009.
William J. Brodsky, Chairman and CEO of the Chicago Board Options Exchange (CBOE), today testifies before the U.S. House of Representatives Committee on Financial Services regarding the Obama Administration’s Financial Regulatory Reform Proposal.
Singapore Exchange Limited (SGX) and a group of its Trading Members are pleased to announce the official launch of the Association of Financial and Commodity Traders (Singapore) (AFACT). The association aims to create a unified platform to represent the interests of professional derivatives traders with SGX membership, previously known as ‘locals’, and improve the knowledge, efficiency and understanding of the financial industry through increased interaction with market practitioners and joint collaboration with industry partners.
CME Group Inc. (Nasdaq: CME) reported that second-quarter GAAP total revenues increased 15 percent to $648 million, and GAAP operating income increased 16 percent to $399 million.
The Spanish stock market regulator, CNMV, has approved the conversion of the Public Debt electronic trading platform SENAF into a Multilateral Trading Platform (MTF) as well as the Regulations that govern it.
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have set up a working group to review the application of the 2004 CPSS-IOSCO Recommendations for Central Counterparties to clearing arrangements for over-the-counter (OTC) derivatives.