Intercontinental Exchange, the leading global network of exchanges and clearing houses, today announced that ICE Futures Europe will introduce a new euro currency cocoa contract, which will operate in parallel with the existing London cocoa contract, which is denominated in pound sterling. The euro-denominated cocoa futures and options contracts are expected to be launched in April 2015, with a first maturity of December 2015, subject to completion of relevant regulatory processes.
Euronext, the leading exchange in the Eurozone, today announced the launch of a range of Single Stock Dividend Futures on the most liquid stocks listed on its Amsterdam, Brussels, Lisbon and Paris markets. The new dividend futures contracts will be available for trading in Q1 2015, starting with CAC 40® Index components. Euronext’s Single Stock Dividend Futures will offer investors additional dividend trading potential and will enable them to benefit from efficient pricing. The new products complement Euronext’s already existing dividend index offering made of the CAC 40® and AEX®Dividend Index Futures.
Dividends are a key component for equity and equity derivatives holders and dividend futures are mostly used as a hedging tool. However, dividends are also becoming an asset class of their own offering strong diversification opportunities to investors. Jad Comair, Founder and CIO of Melanion Capital, a leading asset manager specialized in dividend investments, strongly believes in the dividend futures potential. According to him, “One day, investors will be able to trade dividend futures on every listed equity in the world.”
Futures contracts on Sarajevo Stock Exchange’s indicator index SASX-10 will start being traded on Borsa İstanbul Derivatives Market on Monday, December 15, 2014.
Investors that wish to participate in the economic growth of Bosnia and Herzegovina will now be able to trade the futures contracts on SAS-10 Equity Index, consisting of 10 equities traded on Sarajevo Stock Exchange (SASE), on Borsa İstanbul Derivatives Market (VIOP).
The Luxembourg Stock Exchange (LuxSE) and the Industrial and Commercial Bank of China, Luxembourg branch, (ICBC) signed a memorandum of understanding on 4 December 2014 at the occasion of the launching ceremony of ICBC as the RMB clearing bank for Luxembourg.
With this agreement, LuxSE and ICBC intend to cooperate on a range of market activities that are linked to the internationalisation of the renminbi, particularly the listing of RMB denominated securities in Luxembourg.
They will also be cooperating on securities listings in general, as well as on market innovation and new listing products.
LuxSE currently lists 47 RMB bonds for issuers from 20 countries and 8 RMB investment funds. LuxSE is the number one listing venue for RMB bonds outside Asia.
The London Metal Exchange (LME) has successfully launched LMEbullion, a custom-built electronic solution to provide reference prices for the platinum and palladium markets.
LMEbullion began providing the LBMA Platinum and Palladium Prices on 1 December, replacing the previous pricing mechanism run by the London Platinum and Palladium Fixing Company Ltd.
“Oslo Børs is to become the first stock exchange in the world to launch a separate list for green bonds. We are doing this to draw attention to environmentally friendly investments”, comments Bente A. Landsnes, President & CEO of Oslo Børs.
Japan Exchange Group, Inc (JPX) and Singapore Exchange (SGX) will enter a Letter of Intent (LOI) to collaborate in the joint development and promotion of the markets on both exchanges. This cooperation further deepens the long-standing relationship and strategic partnership between JPX and SGX.
The symbolic ringing of the opening bell at Thursday`s trading session marked the starting point of celebrations of ten years of ISE. The event enjoyed the participation of BM&FBOVESPA CEO Edemir Pinto, FGV-EAESP Center for Sustainability Studies (GVces) Coordinator Mario Monzoni and representatives of the 11 companies that have been part of ISE since its first portfolio: AES Eletropaulo, Banco do Brasil, Bradesco, Braskem, BRF, Cemig, CPFL Energia, Fibria, Itaú Unibanco, Natura and Tractebel.
During the event there was the announcement of a series of initiatives that will be implemented up to November 2015 in celebration of ten years of the index. One of the highlights is the ISE Indicators Platform, which will be launched at the start of December at the new ISE website. This platform will allow the user to consult a database that has been accumulated over the ten years of the portfolio and which encompasses the economic performance of the index, the performance of its companies and the themes under focus. This will enable the generation of dynamic graphs and analyses that are based on the questionnaire’s criteria, on indicators and on the relevant themes.
Borsa İstanbul Derivatives Market (VIOP) introduces a new market making system. For the purpose of creating a liquid and transparent market, a certain amount of the exchange commission charged on contracts will be shared with market makers.
Borsa İstanbul Derivatives Market introduces a new market making model, which covers single stock futures and options, as well as option contracts on BIST 30 Index, mini-BIST 30 Index and currency, and entitles the market makers to a certain portion of the exchange commission on the basis of their market making performance.
The target is to increase the liquidity in option contracts
This program, which covers single stock future contracts and all active option contracts, ensures that market makers enter quotations on a continuous basis and therefore investors can always find prices on the market with a narrow spread. This will, in turn, increase the depth and liquidity in option contracts.
NZX is pleased to announce it will launch a Global Butter Futures Contract on Friday 12 December. This follows successful testing of the service and receipt of regulatory approval from the Financial Markets Authority.
Butter futures are a global risk management tool for participants operating in the dairy commodities industry. The contracts will trade off the underlying price for unsalted butter on the GlobalDairyTrade auction platform.