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The Australian Securities Exchange (ASX) announces that Exchange-traded Australian Government Bonds (AGBs) will be available for trading on ASX on 21 May 2013, giving retail investors access to buy and sell these products as easily as shares.
- GBOT has successfully launched CFDs on 18th April 2013
- GBOT is the 1st exchange in Africa and 2nd in the world to introduce CFDs
- GBOT has introduced four CFD contracts on Gold, WTI (Crude Oil), EUR/USD and GBP/USD
- Individuals and organizations can trade with as low as USD 20
CME Group, the world's leading and most diverse derivatives marketplace, announced the launch of nine new futures contracts for Renewable Identification Numbers (RINs). These contracts will be listed with, and subject to, the rules and regulations of NYMEX.
Market participants will be able to obtain exposure to nine new foreign-referenced soft and hard commodities thanks to the JSE’s expansion of its Quanto Futures range. Products to be introduced under license from the CME Group are heating oil, gasoline, natural gas, palladium, sugar, cotton, cocoa, coffee and corn.
Market participants will be able to obtain exposure to nine new foreign-referenced soft and hard commodities thanks to the JSE’s expansion of its Quanto Futures range. Products to be introduced under license from the CME Group are heating oil, gasoline, natural gas, palladium, sugar, cotton, cocoa, coffee and corn.
IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced the introduction of 35 new energy, environmental, freight and ferrous metal contracts on April 29, 2013.
The 50 outstanding issues by the Spanish Treasury as well as the 100 strips (Public Debt) will start trading on SEND, BME’s electronic Fixed Income platform for retail investors, following their admission by AIAF, the Spanish Fixed Income Market.
Singapore Exchange (SGX) is adding Asian foreign exchange (FX) futures to its derivatives market in the third quarter of 2013, subject to regulatory approval.
IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced it will introduce four credit index futures contracts starting in May 2013. The contracts will be based on the Markit CDX and Markit iTraxx indices, and are subject to review by the Commodity Futures Trading Commission.
Trading in euro futures on the Istanbul Traded Index (IBTX in EUR) started on the Vienna Stock Exchange. The joint index of the stock exchanges of Istanbul and Wien has been calculated since September of last year and enjoys wide international recognition.
On 11 March 2013, the international derivatives market 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 the Republic of France (“Obligations Assimilables du Trésor” – OAT). 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 which enables the hedging of risks and basis trading in the mid-term maturities range of the French yield curve.
The International Securities Exchange (ISE), a leading U.S. options exchange, and IndexIQ, a leading asset management firm, announced their partnership agreement to support and promote new exchange traded products (ETPs) focusing on physical commodities.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange group, in cooperation with BNY Mellon, the global leader in investment management and investment services, announced plans to introduce options trading on U.S. Treasury Securities at NASDAQ OMX PHLX®, the largest equity options exchange in the U.S. The first day of trading will take place on February 19th, 2013.
The International Securities Exchange (ISE) announced that its new product development group will now be known as ISE ETF Ventures. The new name reflects the group's evolving focus and expanded capabilities in the ETF area. With ISE ETF Ventures, ISE has moved beyond its established expertise in index development to offer partner firms a full suite of capabilities to support the launch of new ETFs. In addition to index conceptualization and development, ISE ETF Ventures can assist in bringing new ETFs to market through capital commitment, business development, and marketing support. By offering a wide range of capabilities and flexible approach, ISE ETF Ventures is well positioned as a valuable partner of leading ETF and ETN issuers, industry service providers, as well as new entrants to the ETF landscape such as AlphaClone and PureFunds.
BM&FBOVESPA begins trading new commodity derivatives developed for the sugar/ethanol sector. The first of these is the cash-settled crystal sugar futures contract. The contract is authorized for trading from 9:00 a.m. to 2:00 p.m. (São Paulo time), with after-hours trading from 2:35 p.m. to 6:00 p.m., under ticker symbol ACF and as of the April 2013 contract month. Each futures contract is quoted in Brazilian Reals and the contract size is 508 50-net kilogram bags.
BM&FBOVESPA is to launch new interest rate derivatives on March 1. The first is a futures contract referenced to the average rate of one-day repurchase agreements, backed by federal securities. Trading in the contract will be authorized between 9:00 a.m. and 4:00 p.m. under ticker symbol OC1, with the April 2013 contract as the front month.
Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak marked a historic milestone for the Malaysian capital market with the launch of the Exchange Traded Bonds and Sukuk (ETBS) on Bursa Malaysia Berhad (Bursa Malaysia) with the maiden issuance by DanaInfra Nasional Berhad (DanaInfra), effectively creating a new asset class on the Exchange to cement Malaysia as the world’s leading sukuk marketplace.
NASDAQ OMX Commodities is pleased to announce the launch of new instruments in Genium INET. Genium INET will be upgraded to version 0222 during the weekend 23-24 March, 2013. Thereafter, subject to successful testing and regulatory approval, the enhancements listed below will be activated for members according to a detailed time plan which will be published in due course.
Trading on İstanbul Menkul Kıymetler Borsası (İMKB) Futures & Options Market (VIOP) started December 21, 2012.
Deutsche Börse announced that the ShortDAX x3 and LevDAX x3 indices have been licensed to London-based firm Boost ETP to serve as the basis for exchange-traded products (ETPs) for the first time. The Boost LevDAX 3x Daily ETP and Boost ShortDAX 3x Daily ETP are available today on the London Stock Exchange.
The international derivatives market Eurex Exchange announced that it has signed a licensing agreement with the index provider MSCI. In the course of 2013, Eurex aims to launch derivatives on around ten regional and 20 country indices. The offering will comprise the major regional indices for developed markets like the MSCI World and MSCI Europe Indices and a broad coverage of emerging markets and the respective country indices, including the MSCI Emerging Markets and MSCI Frontier Markets Indices. The new index derivatives will provide Eurex clients access to emerging markets, which become increasingly important for global investors. This extension will add a significant number of index derivatives to the existing segment which currently covers 70 different indices.
İstanbul Menkul Kıymetler Borsası (IMKB) and NYSE Liffe, the European derivatives business of NYSE Euronext, announced the launch of futures and options contracts based on some of the constituents of the IMKB 30 Index. The new contracts will be available for trading before the end of this year on IMKB and in the first quarter of 2013 on NYSE Liffe London market.
The JSE has secured the approval from the South African Reserve Bank (SARB) to offer trade in Zambian grain traded and cleared in US Dollars, in collaboration with the Zambia Agricultural Commodities Exchange (ZAMACE). The two exchanges are confident the proposed Zambian derivative contracts will complement each other and ultimately strengthen the Zambian grain market.
CBOE Futures Exchange, LLC (CFE) announced that it plans to launch trading in S&P 500 Variance futures on Monday, December 10.
The International Securities Exchange (ISE) announced the launch of three new exchange traded funds (ETFs) in partnership with PureFunds: PureFunds™ ISE Diamond/Gemstone ETF (NYSEArca: GEMS); PureFunds™ ISE Mining Service ETF (NYSEArca: MSXX); and PureFunds™ ISE Junior Silver ETF (NYSEArca: SILJ). All three ETFs track proprietary indexes developed by ISE. The ETFs began trading on November 29, 2012.
A further ETC (exchange traded commodity) issued by ETFS Commodity Securities Limited has been tradable on Xetra
Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the pending listing of three precious metals-related Exchange Traded Funds (ETFs) on The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEx, including the Exchange’s first silver and platinum ETFs.
At its meeting on Thursday, November 15, 2012, the Tel Aviv Stock Exchange (TASE) Board of Directors approved in principle a proposal to launch weekly options and futures on the TA-25 index.
The Republic of Namibia listed its first Rand-denominated government bond on the Johannesburg Stock Exchange (JSE). With a R3 billion medium term note programme approved, the first tranche is an issuance of ZAR 850 million.
In response to market demand, the JSE announced that it will launch a prototype Contract-For-Difference (CFD) instrument early next year.
CME Group launched on 22nd October the U.S. Dollar-Denominated Ibovespa Futures a cross listing product in partnership with BM&FBOVESPA.
Bursa Malaysia introduced the rules to facilitate Exchange Traded Bonds and Sukuks (ETBS) to be listed, and traded on Bursa Securities. This marks the first step towards providing wider access for this asset class to Bursa Malaysia’s investors.
On Monday, October 01, BM&FBOVESPA will begin trading in the S&P 500 futures contract settled in cash to the price of the S&P 500 Index futures contract, listed and traded on CME, a CME Group exchange. This is the first futures contract traded on the Brazilian Exchange to reference a U.S. stock index.
With effect from 1 October, bond trading on Xetra will be expanded to include over 2,000 international government and corporate bonds and 60 German government bonds. Trading participants will benefit from a transparent and liquid bond market and gain access to a broad investor network via Xetra.
Thailand Futures Exchange (TFEX), under The Stock Exchange of Thailand group, is ready to launch the new versions of SET50 Index Futures and SET50 Index Options, and to introduce Sector Index Futures on October 29, 2012, in order to provide more investment choices for investors and boost market liquidity.
NYSE Liffe, the European Derivatives business of NYSE Euronext, announces the launch of futures contracts on the Russell Europe SMID 300 Index on its market leading wholesale derivatives service, Bclear. The futures contract will be launched on 1 October 2012.
CME Group announced the launch of a broad suite of new natural gas and power markets.
The International Securities Exchange (ISE) announced that the Virtus Wealth Masters Fund (Tickers: VWMAX, VWMCX, VWMIX), which tracks the Horizon Kinetics ISE Wealth Index (Ticker: RCH), was launched by Virtus Investment Partners, Inc. (NASDAQ: VRTS). It is the first mutual fund based on an index jointly developed by ISE and Horizon Kinetics LLC.
Singapore Exchange (“SGX”) successfully launched its new OTC Options suite for SGX Iron Ore and SGX Forward Freight Agreements (FFA).
CME Group announced the first trades of its U.S. Midwest Domestic Hot-Rolled Coil (HRC) Steel Index options equivalent to 20,000 short tons (1,000 contracts), which were cleared through CME ClearPort. The contract is listed by and subject to the rules of NYMEX.
NASDAQ OMX Nordic announces that trading in weekly options starts on the NASDAQ OMX Stockholm AB market. The weekly options are traded with expiration every Friday, thus complementing the existing options products with monthly expiration. Weekly options are listed every Thursday after close enabling investors to trade options expiring in one or two weeks. The OMXS30 index will act as underlying for the weekly options.
CME Group announced the launch of U.S. Midwest #1 Busheling Ferrous Scrap (AMM) futures to begin trading on September 10, subject to relevant regulatory approvals. This contract will be the first ferrous scrap futures contract available to U.S. steel industry participants, and will be listed by and subject to the rules of NYMEX.
Hong Kong Exchanges and Clearing Limited (HKEx) will introduce renminbi (RMB) currency futures on 17 September. The US Dollar vs Renminbi (Hong Kong) or USD/CNH* Futures contract will be the world’s first deliverable RMB Currency Futures.
Chicago Board Options Exchange, Incorporated (CBOE) announced that it will launch trading in a new type of S&P 500® Index options contract, known as CBOE S&P 500 Range options (ticker: SRO), beginning on Tuesday, August 28.
Singapore Exchange (SGX) is offering SGX S&P CNX Nifty Options from 16 July 2012.
The international derivatives market Eurex Exchange is expanding its offering to include futures and options on the EURO STOXX® 50 ex Financials Index. This index has been calculated since October 2011 by the global index provider STOXX Ltd. The new contracts will be tradable as of next Monday, 9 July 2012.
- On 27 June, the WSE has for the first time published the composition of new segments on the NewConnect market: High Liquidity Risk and Super High Liquidity Risk.
- The new segmentation results from the reform announced by the WSE in May 2012 aiming to improve the quality of the alternative stock market of the Warsaw Stock Exchange
Oslo Børs is listing two bond loans that are intended for Swedish investors and are registered with Euroclear Sweden. The bonds are issued by Hafslund ASA. This is the first time that Oslo Børs has listed bond loans that are registered with a foreign central securities depository.
The Chicago Board Options Exchange (CBOE) has announced that it plans to introduce, starting July 27, a process for trading SPX Variance Strips -- a portfolio of S&P 500 Index options (SPX) intended to replicate S&P 500 implied variance exposure -- in a single transaction.
BM&FBOVESPA begins trading a new soybean future contract. The underlying of this contract is the settlement price of the Mini-Sized Soybean Futures Contract traded on the Chicago Board of Trade (CBOT), which is owned by CME Group.
Singapore Exchange (SGX) announced it will launch dual currency trading for ETFs on 15 June, enabling investors to trade foreign-currency denominated ETFs in Singapore dollars. The move will provide investors with trading flexibility in accessing ETFs denominated in a foreign currency.
IntercontinentalExchange announces upcoming launch of new LNG cleared swap on the Japan Korea Marker
BM&FBOVESPA starts trading in the UTIP ETF (UTIP11). This tracks the Public Utilities Index (UTIL) which measures the behavior of a portfolio composed of stocks in companies representing the public utilities sector (electricity, water and sewerage and gas). The UTIP ETF will have BlackRock as its manager.
The Thailand Futures Exchange plc (TFEX), under The Stock Exchange of Thailand (SET) group, will launch USD futures on June 5, enabling Thai investors and business operators to manage Thai baht through the derivatives market, enhancing long-term benefits for the country and all players concerned.
CME Group, the world's leading and most diverse derivatives marketplace, announced the launch of Short-Dated New Crop Options on CBOT Corn and Soybeans futures to begin trading Monday, June 4. Short-Dated New Crop Options on CBOT Wheat futures will be listed for trading beginning Tuesday, September 4. These contracts are listed with, and subject to, the rules and regulations of CBOT.
The CBOE Futures Exchange, LLC (CFE) and DRW Trading Group have completed an agreement that will allow CFE to use DRW's patent-pending methodology to create variance futures that, for the first time, match the quoting conventions and economic performance of over-the-counter (OTC) stock index variance swaps.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the launch of MSCI Emerging Markets (Symbol: EEMIQ) and MSCI EAFE (Symbol: EAFEQ) Index Options, which will be the latest U.S. options listings offered at NASDAQ OMX PHLX. They are the first and only listed cash-settled options available in the U.S. on these major global indexes.
Osaka Securities Exchange Co., Ltd. (OSE) announced that it will launch futures contracts based on the Dow Jones Industrial AverageSM (“OSE DJIA Futures”) on Monday, May 28, 2012, subject to market readiness.
Pakistan Mercantile Exchange Limited announces the listing of the gold 10 ounces Futures Contract this week. Trading started in the contract right after listing. PMEX has currently three contracts at the months of June, July and August expiries.
CME Group announced the launch of CBOT Black Sea Wheat Futures to begin trading on June 6, subject to regulatory approval. The launch of these contracts, which will be listed with, and subject to, the rules and regulations of the CBOT, is an extension of the MOU that was initiated by CME Group Chairman Emeritus Leo Melamed last year.
In late March 2012, the Johannesburg Stock Exchange (JSE) introduced a new foreign-referenced wheat contract to its existing portfolio of international soft commodities. The cash-settled futures contract, based on hard red winter wheat, will reference the Kansas City Board of Trade’s (KCBT) benchmark settlement prices.
Hong Kong Exchanges and Clearing Limited (HKEx) plans to introduce Renminbi (RMB) currency futures in the third quarter of this year, subject to regulatory approval and market readiness.
NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX) announced that it will begin trading futures based on the Depository Trust and Clearing Corporation’s proprietary DTCC GCF Repo IndexTM on July 16, 2012, subject to regulatory approval. Designed to track the $400 billion GCF Repo® market,futures on DTCC GCF Repo IndexTMproducts are licensed to trade exclusively on NYSE Liffe U.S. and will clear at NYPC. Calculated using actual, fully-collateralized transactions in the underlying cash Treasury, Agency and Agency Mortgage-Backed markets, the DTCC GCF Repo Index™ follows the average interest rate paid each day for the most actively traded U.S. repo market .
IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that it will introduce five new U.S. grain and oilseed contracts on ICE Futures U.S. pending review by the Commodity Futures Trading Commission. These contracts join ICE's slate of agricultural futures and options contracts including sugar, cotton, coffee, cocoa, orange juice, Canadian wheat, barley and canola.
The Stock Exchange of Thailand (SET) will list TGOLDETF Thanachart Gold ETF, managed by Thanachart Fund Management Co., Ltd., on its main board on April 11, under the ticker symbol “TGOLDETF.”
BSE (formerly known as the Bombay Stock Exchange) , in a bell ringing ceremony, launched the first phase of BRICS (Brazil, Russia, India, China and South Africa) Exchanges Alliance by commencing trading in Hang Seng Index Futures, FTSE/JSE Top40 Futures, iBOVESPA futures and MICEX Index Futures. The Consul Generals of the four nations along with Mr. Rajeev Agarwal (Whole-time member – SEBI), rang the Opening bell to mark the launch of trading in these benchmark indices.
The international derivatives market Eurex Exchange announced that it will be launching a new interest rate future based on the notional long-term bonds issued by the French Republic (Obligations Assimilables du Trésor – OAT) on 16 April 2012. The Euro OAT Future extends the existing offering of benchmark futures on German government bonds (Buxl, Bund, Bobl and Schatz
futures) and the short-, medium- and long-term futures on Italian government bonds (Euro BTP Futures) launched between 2009 and 2011. The interest rate future on French government bonds represents a significant addition to the range of efficient and effective hedging instruments on the European bond market.
Tokyo Stock Exchange, Inc. (TSE) approved the listings of two new ETFs managed by Simplex Asset Management Co., Ltd. These two issues will be listed on Thursday, April 5, 2012.
The two ETFs will be the first listings of leveraged and inverse ETFs in Japan. They will be listed on the TSE market under the new listing rules and frameworks implemented in March this year.
The Johannesburg Stock Exchange (JSE) confirmed its plans to introduce a new foreign-referenced wheat contract to its existing portfolio of international soft commodities. The cash-settled futures contract, based on hard red winter wheat, will reference the Kansas City Board of Trade’s (KCBT) benchmark settlement prices.
During the first quarter of 2012, the European Financial Stability Fund (EFSF), reference issuer of the euro area, launched four new bond issues. These issues were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
The International Securities Exchange (ISE) announced that it has filed for approval with the Securities and Exchange Commission (SEC) to list options on the ISE Max SPY™ Index, a new proprietary index that represents ten times the value of the SPDR® S&P500® ETF Trust (SPY). Currently, options on SPY are the most actively traded contract in the options industry, with average daily volume of 2 million contracts on a year-to-date basis. Options on the ISE MAX SPY Index will build upon the success of SPY options by offering a large-sized, European-style option that is cash-settled, characteristics which appeal to the institutional segment of the market.
The Baku Interbank Currency Exchange (BBVB) informs that for the purpose of development of internal market of EURO, since March, 5th of this year, in BEST* the trades with new tools: EUR/USD_TOD, EUR/USD_TOM begin.
The Argentine Securities Commission (CNV) has recently approved the creation of Technological Innovation Closed-End Funds, an initiative that has been developed by the Buenos Aires Stock Exchange (BCBA) Market Development Department, along with the Science and Technology Ministry of the Argentine Nation.
NYSE Liffe, the European derivatives market of NYSE Euronext (NYX), is to introduce futures and options on the AMX-Index®, the index for medium sized Dutch companies. AMX-Index®futures will be launched on Monday 26 March 2012, followed by trading in AMX-Index®options on Tuesday 10 April 2012.
The Irish Stock Exchange (ISE) has admitted the first ever Global Depositary Note (GDN) to a European exchange market. The GDN is in the form of a 70 million US$ denominated GDN issued by Citibank N.A., New York, (Citibank) and relates to an offering by Petroleos Mexicanos
Certificados Bursatiles (Pemex) of 7 billion 7.65% Mexican Peso debt due in 2021. Pemex is the Mexican state-owned petroleum company, which is also one of the largest companies in Latin America. The GDN security has been admitted to the ISE’s Global Exchange Market (GEM).
Hong Kong-based investment management firm Enhanced Investment Products Limited (EIP) will list its XIE Shares Thailand (SET50) Exchange-Traded Fund (ETF) on the Hong Kong Stock Exchange on February 16, 2012.
IntercontinentalExchange (NYSE: ICE) announced that ICE Futures Europe will introduce futures contracts on European Union Aviation Allowances (EUAAs) on February 27, 2012, subject to regulatory approval.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange group, in partnership with IKON GLOBAL MARKETS, Inc. (IKON), a futures commission merchant registered with the U.S. Commodity Futures Trading Commission (CFTC) offering foreign exchange, futures and options, will launch NASDAQ OMX XAU/USD Spot Gold FuturesTM (patent pending) on the NASDAQ OMX Futures Exchange, Inc. (NFX). The contract will trade under the symbol "NAU" and seeks to simulate the over-the-counter (OTC) spot gold market trading experience.
Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF created by Mitsubishi UFJ Asset Management Co., Ltd. (Mitsubishi UFJ AM). The ETF will be listed on Thursday, February 23, 2012.
BM&FBOVESPA starts trading in two new ETFs: the IT Now IDIV (DIVO11) ETF, which tracks the Dividend Index, and the IT Now IMAT (MATB11) ETF, which tracks the Basic Materials Index. Itaú is the manager of the two new products.
CBOE Futures Exchange, LLC (CFE) announced that on Thursday, February 2, it plans to launch futures trading on the Radar Logic 25-Metropolitan Statistical Area (MSA) RPX Composite Index (futures symbol: RPXCP). The index tracks U.S. residential housing values as a whole and is one of several Radar Logic 28-Day Real Estate indexes on which CFE may offer futures contracts.
The Chicago Board Options Exchange (CBOE) announced that it will begin offering trading in options on the CBOE Emerging Markets ETF Volatility Index (VXEEM) on Tuesday, January 31.
The new options contract follows the introduction of trading in CBOE Emerging Markets ETF Volatility Index security futures (futures symbol:VXEM) at CBOE Futures Exchange (CFE) on January 9, 2012. Investors can use either or both products to hedge emerging markets volatility exposure or to make direct plays on emerging markets volatility.
The new Top of the Book Order is Deutsche Börse's contribution to a higher market quality. The order type narrows the order book spread and is beneficial for the entire market.
In the second semester of 2012, the Santiago Stock Exchange will launch ETFs whose underlyings will be the following Chilean equity market indices : IPSA, IGPA and Inter 10 indices.
CBOE Futures Exchange, LLC (CFE) announced that it will launch trading in security futures on the CBOE Emerging Markets ETF Volatility Index (Index ticker: VXEEM; futures symbol: VXEM) on Monday, January 9, pending regulatory approval.
NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), announced it has secured an exclusive license to launch futures contracts based on The Depository Trust and Clearing Corporation’s proprietary DTCC GCF Repo IndexTM. The DTCC GCF (General Collateral Finance) Repo IndexTM was created to enhance transparency and liquidity in the multi-billion-dollar GCF Repo® market. It tracks the average interest rate paid each day for the most-traded general collateral repos involving U.S. Treasury securities, Agency securities and Agency Mortgage-Backed securities. NYSE Liffe U.S. listed futures on the DTCC GCF Repo Index™ are expected to launch in early 2012 and will benefit from the powerful ‘one-pot’ margin efficiencies of New York Portfolio Clearing (NYPC).
The Warsaw Stock Exchange has introduced 1.7 million bearer bonds with a total nominal value of PLN 170 million to trading in the alternative trading system operated by BondSpot. The bonds which have been newly listed today are the first of two series of WSE debt instruments to be listed on Catalyst. The series B issue is currently under preparation and will be addressed to individual investors.
The Spanish Stock Exchange started trading a new exchange-traded fund called LYXOR ETF IBEX 35® DAILY DOUBLE SHORT, issued by Lyxor Asset Management, Société Générale’s investment subsidiary.
On 15 December 2011, the Warsaw Stock Exchange introduces to trading on the Polish market an innovative type of financial instruments: leverage knock-out (barrier) certificates. The certificates are issued by Raiffeisen Centrobank AG. Trade name: TURBO Certificate.
Qatar Exchange announced full operational and regulatory readiness to launch the debt instruments market starting with the admission of the Qatari Government short term Treasury Bills to trade on the exchange starting Dec, 29,2011.
NASDAQ OMX Commodities Europe announces the planned launch of Swedish-Norwegian electricity certificate instruments in mid-2012 for trading and clearing.
Hong Kong Exchanges and Clearing Limited (HKEx) will introduce trading of HSI Volatility Index (VHSI) Futures on Monday, 20 February 2012.
BM&FBOVESPA shall start the daily calculation and publication on December 19 of reference exchange rates. The indicators are named Reference Exchange Rates (TCRs) and will be calculated based on spot US Dollar trades and orders (USDP) on the electronic trading platform. The reference foreign exchange rates will be calculated at 10:00 a.m., 11:00 a.m., 12:00 noon, 1:00 p.m., 3:00 p.m., and 4:00 p.m. There will also be the calculation of two daily averages, at 10:00 a.m. and 1:00 p.m.. The first of these will be the average of all of the rates published at the first four times, from 10:00 a.m. to 1:00 p.m. The second of these will be the average of all of the rates throughout the day that are published at the six determined times. In all there will be the calculation of eight daily indicators. With this launch, BM&FBOVESPA seeks to increase foreign exchange market transparency even further, as well as to stimulate the flow of spot market trading on the electronic platform.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that The NASDAQ Stock Market® (NASDAQ®) has listed two new exchange-traded funds (ETFs) sponsored by Global X Funds, a leading New York-based provider of ETFs.
CME Group announced it will work with oil market participants to discuss developing a new Gulf Coast crude oil futures contract at the ECHO Terminal, a storage facility being developed by Enterprise Products Partners L.P., to be listed on the NYMEX exchange. Connected to multiple facilities along the Houston Ship Channel, the ECHO Terminal is expected to begin service during the second quarter of 2012. The ECHO Terminal will be the destination of Enterprise's Eagle Ford Crude pipeline, as well as the Seaway pipeline following the reversal project announced November 16, 2011 by Enbridge Inc. and Enterprise. Once the process of changing the flow direction has been completed, Seaway will transport crude from Cushing, Oklahoma to the Houston refining market. The Seaway pipeline will accommodate growing domestic crude oil production supplies from the Cushing hub and Canada.
SSE Consumer 50 Index will be launched on December 9th, 2011 by SSE and CSI
On November 17, 2011 OJSC RTS will start trading in a futures contract on a basket of six-year Russian Federation government bonds following the tendency to increasing duration of the public-sector debt. The underlying asset of the contract is Russian Federation government bonds with a period from the Contract’s settlement to the maturity date comprising of 5-7 years. The closest settlement date of the contract is March 5, 2012.
BM&FBOVESPA launched on Monday, November 28, four new flexible options contracts.
CME Group announced the launch of NYMEX Brent 25-Day (Platts) futures and options contracts to begin trading December 12 with February 2012 being the first listed month. These contracts are listed with, and subject to, the rules and regulations of NYMEX.
CNSX Markets Inc. announced that BAC Canada Finance Company 5 year Extendible Step Up Semi-Annual Pay Medium-Term Notes, Series 1 (the “Notes”) have been posted for trading on the Canadian National Stock Exchange (CNSX). The Notes are trading under symbol BMF.DB.A and the issuer expects to raise up to $20 million. They are currently trading on an “if, as and when issued” basis until November 9, 2011.
BM&FBOVESPA starts trading on Monday (October 31) in two new ETFs: the IT Now ISE Index Fund that tracks the BM&FBOVESPA Corporate Sustainability Index (ISE), and the IT Now IGCT Index Fund that tracks the BM&FBOVESPA Corporate Governance Trade Index (IGCT). They will have Itaú as their manager.
Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF created by Sumitomo Mitsui Asset Management Company, Limited. The ETF will be listed on Friday, November 4, 2011.
BM&FBOVESPA informs you that as of October18, 2011 trading will commence in ten Unsponsored Level I BDR programs, issued by Banco Bradesco S.A. in the organized OTC market. Bradesco was winner of the third selection process for Depository Institutions.
The Stock Exchange of Thailand (SET) will list K-Gold ETF, managed by Kasikorn Asset Management Co., Ltd., on its main board on October 27, under the ticker “KG965.”
The Spanish Stock Exchange started trading a new exchange-traded fund issued by Lyxor Asset Management, called LYXOR ETF IBEX 35® DOBLE APALANCADO DIARIO.
CBOE Futures Exchange, LLC (CFE) announced that on or after Thursday, October 27, it plans to launch trading in futures on Radar Logic 28-Day Real Estate indexes, which measure asset values in the U.S. residential housing market.
Since 28 September 2011, eight exchange traded commodities (ETCs) and twelve exchange traded notes (ETNs) from the new issuer Commerzbank AG have been tradable on Xetra for the first time.
On October 6, 2011 RTS Stock Exchange starts calculating the RTS Oil family of indices on the basis of international markets oil products prices adjusted to include logistic costs and taxes.
The Stock Exchange of Thailand (SET) will list ThaiDex Gold ETF, managed by One Asset Management, on its main board on Octotber 11, under the ticker “GOLD99.”
The International Securities Exchange (ISE) announced that UBS has launched the ETRACS Monthly 2xLeveraged ISE Cloud Computing Total Return Index ETN (Ticker: LSKY). This exchange-traded note (ETN) is based on the ISE Cloud Computing Index™, a benchmark that tracks companies actively involved in the cloud computing industry. Index components include companies that are infrastructure providers for the "cloud," firms that provide goods and services in support of the cloud computing space, or technology conglomerates whose business model uses or supports cloud computing technology. LSKY began trading on NYSE Arca on October 5, 2011.
Multi Commodity Exchange of India Ltd (MCX) commenced futures trading in cotton after the cotton futures contract was launched by Mr. Ramesh Abhishek, Chairman, Forward Markets Commission (FMC). Currently, cotton October 2011, December 2011 and January 2012 contracts have been offered for trading.
Starting from September 30, 2011 within the framework of the integration of the Russia's two major exchanges, MICEX and RTS, FORTS will start trading in a cash-settled futures contract on the MICEX Index (the code of the contract in the trading system is MX) and an option on the futures contract on the MICEX Index.
Considering the increased attention of institutional investors, etc. to volatility indices after the global financial crisis, the Osaka Securities Exchange Co., Ltd. (OSE) has decided to introduce futures contracts on the Nikkei Stock Average Volatility Index(*) as follows, from the viewpoint of providing market participants with diversified investment and hedging tools.
Five additional ETFs issued by RBS Market Access have been tradable on Xetra® since Monday.
S&P Indices and Tokyo Stock Exchange, Inc. announced the launch of the S&P/TOPIX 150 Carbon Efficient Index, which comprises all Japanese companies included in the S&P/TOPIX 150 re-weighted to reflect the level of carbon emissions produced by each, while simultaneously tracking the S&P/TOPIX 150 as closely as possible.
NASDAQ OMX Stockholm, part of the NASDAQ OMX Group (NASDAQ:NDAQ), starts trading in a new exchange traded fund (ETF), XACT China (short name: XACT Kina). The new ETF issued by XACT Fonder is based on the Hang Seng China Enterprises Index (HSCEI), which tracks the performance of the 40 largest Chinese companies listed on the Hong Kong exchange.
The National Stock exchange launched derivative contracts on the world’s most followed indices S&P 500 and Dow Jones Industrial average. At the close of trading at 3.30 pm, the traded value of derivative contracts on S&P 500 futures, S&P 500 options and DJIA futures was nearly Rs 122 crores.
CBOE Holdings, Inc. (NASDAQ: CBOE) announced that it will begin trading SPXpm, its new S&P 500 Index options product, on Tuesday, October 4. SPXpm options will be traded on the Company's all-electronic C2 Options Exchange (C2).
Another ETF issued by The Royal Bank of Scotland has been tradable on Xetra® since Thursday.
ETF name: RBS Market Access CTA Index Fund
Asset class: Multi-asset index ETF
ISIN: LU0653608454
Total expense ratio: 0.75 percent
Distribution policy: non-distributing
Benchmark: RBS CTA Index
The London Stock Exchange announced the trading of seven new Amundi emerging market exchange-traded funds. The new products will provide investors with specific exposure to India, China, Eastern Europe (ex Russia), Brazil, Asia and Latin America, as well as to a broad index ETF tracking the performance of all emerging markets. Also trading from today is an ETF providing exposure to the European Real Estate sector.
The Korea Exchange ("KRX") is going to list KINDEX Inverse ETF on September 8, 2011.
Tokyo Stock Exchange, Inc. (TSE) approved the listing of the following trust beneficiary certificates (Japanese Depositary Receipts; hereinafter "JDRs") whose trust assets are exchange traded notes (indicator-tracking securities; hereinafter "ETNs") managed by Barclays Bank PLC.
CBOE Holdings, Inc. (NASDAQ: CBOE) announced that the Securities and Exchange Commission(SEC) has approved its rule filing to launch, on a pilot basis, SPXpm, its proposed new S&P 500 Index option product. SPXpm will be traded on the C2 Options Exchange (C2), the Company's all-electronic exchange.
On August 30, 2011 the Derivatives Market Committee of RTS approved specifications for cash-settled futures contracts on the MICEX Index (trading system code MX) and futures-style options on a futures contract on the MICEX Index. The Committee recommended that the Board of Directors of OJSC RTS approve the specifications. After the specifications have been approved by the Board they will be submitted to the Federal Financial Markets Service for registration.
CME Group, the world's leading and most diverse derivatives marketplace, announced it has added weekly options on Soybean Meal, Soybean Oil and Live Cattle futures to begin trading September 26. Soybean Meal and Soybean Oil contracts are listed with, and subject to, the rules and regulations of CBOT. Live Cattle contracts are listed with, and subject to, the rules and regulations of CME.
Ten exchange-traded index funds issued by UBS ETF SICAV are tradable in Deutsche Börse’s XTF segment as of today. All ten are based on the MSCI index family. These equity indices are weighted according to free-float market capitalisation.
The Stock Exchange of Thailand (SET) will list ThaiDEX SET High Dividend ETF, managed by One Asset Management Limited, on its main board on August 16, under the ticker “1DIV.”
The Stock Exchange of Thailand (SET) lists ThaiDEX SET High Dividend ETF, managed by One Asset Management Limited, on its main board on August 16, under the ticker “1DIV.”
Islamic finance industry has registered a tremendous growth during the last decade in both Islamic and non-Islamic countries. While the asset size of Islamic finance reached USD 1.2 trillion in 2010 over 80 countries, the banking industry takes the largest share of 80 %. The recent financial crisis in 2008-2009 revealed more the importance of Islamic finance as the conventional banking system encountered serious problems. This gave pace the widespread use and acceptance of asset based/backed Islamic financial instruments in non-Islamic countries like UK, France, USA, either through Islamic financial institutions or Islamic windows of the conventional banks. While London and Luxemburg have made good progress with their flexible treatment for Islamic finance business, Malaysia continues to keep playing the leader position in the world on this business with its well-established organizational structure, diverse asset types and high sukuk issuance size. Moreover, the regulatory authorities in the non-Islamic countries provide a level playing field for Islamic financial institutions with their rivals, namely conventional banks, bringing tax neutrality for the same type of products, i.e. sukuk vs. corporate bonds.
The Tel Aviv Stock Exchange (TASE) continues to expand Israel’s derivatives market with the launch of options on non-linked shekel-denominated government bonds. The new options were designed by a joint team of TASE, the Ministry of Finance, and Prof. Dan Galai. Trading is scheduled to commence on 10 November 2011.
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Exchange Traded Funds “ETFs” are similar to mutual funds in many ways but they have many significant differences. Real-time pricing and intraday liquidity are two of the most obvious differences between exchange-traded funds with their mutual fund cousins. Mutual funds create their price or NAV (net asset value) once a day at the end of the day based on pricing the underlying holdings after the close of trading when the fund has priced its assets and hence created its price or NAV for that day. Once the mutual fund has been priced, the mutual fund company transacts all fund unit buy and sell orders that have been accumulated during the day. This pricing process does not allow investors to know beforehand the price at which their buy or sell order will be transacted at. Many mutual funds will often charge front load fees, pay rebates and often back end loads.
Islamic finance industry has registered a tremendous growth during the last decade in both Islamic and non-Islamic countries. While the asset size of Islamic finance reached USD 1.2 trillion in 2010 over 80 countries, the banking industry takes the largest share of 80 %. The recent financial crisis in 2008-2009 revealed more the importance of Islamic finance as the conventional banking system encountered serious problems. This gave pace the widespread use and acceptance of asset based/backed Islamic financial instruments in non-Islamic countries like UK, France, USA, either through Islamic financial institutions or Islamic windows of the conventional banks. While London and Luxemburg have made good progress with their flexible treatment for Islamic finance business, Malaysia continues to keep playing the leader position in the world on this business with its well-established organizational structure, diverse asset types and high sukuk issuance size. Moreover, the regulatory authorities in the non-Islamic countries provide a level playing field for Islamic financial institutions with their rivals, namely conventional banks, bringing tax neutrality for the same type of products, i.e. sukuk vs. corporate bonds.
Modern Islamic financial markets began their journey with the establishment of interest-free banking practices. But while Islamic banking served its purpose, markets began looking for alternative solutions for fund raising and insurance through Islamic finance a decade later. Today, Islamic financial markets have flourished throughout the Middle East, Europe and Asia, with assets of approximately US$1 trillion[i] and the industry is expected to grow at an annual rate of 25 percent.[ii]
Focus
- Initial steps towards a regulation of ETFs by Laurent Grillet-Aubert, AMF
- ETF Trading by Deborah Fuhr, ETFGI
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Panel 6 Local Exchanges, global markets Summary
