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Exchanges & Clearing

Hot on the heels of Shanghai Futures Exchange’s successful launch of a gold futures contract last week (Squawkbox, 14 January), Hong Kong Exchanges and Clearing (HKEX) announced it plans to offer cash-settled gold futures and options contracts.The Hong Kong ...
A dozen financial institutions including Barclays Capital, Citigroup, JP Morgan and Merrill Lynch, plan to launch a fully electronic futures exchange, intensifying competition in the US derivatives business. The move challenges the CME Group, formed last July by the merger ...
ICE also says that the progress made in migrating contracts to its electronic trading platform means that ICE Futures will end all open outcry trading for futures contracts at the end of February 2008. The futures contracts that will migrate to ...
IntercontinentalExchange’s ICE Futures subsidiary has migrated an additional 31 foreign exchange pairs to its electronic trading platform from open outcry. Electronic trading for the initial 10 FX futures contracts started on 9 November and the remainder will begin electronic trading at 8:00pm ...
The sub-prime fallout and credit crunch appear to be giving CME Group a boost; the exchange reported sharply higher volumes in November, thanks largely to trading in foreign exchange, interest rates and equity indices. November 2007 volumes, which averaged 13 million contracts ...
FXMarketSpace, the global foreign exchange platform for the over-the-counter market, has launched a profit share programme that will allocate 37.5% of its profit between its 16 most active trading customers.The JumpBall profit share programme is open to bank and non-bank participants ...
CME Group plans to offer volatility-based quotes for six of its foreign exchange options on futures contracts: the euro, British pound, Japanese yen, Canadian dollar, Swiss franc and Australian dollar. By employing the same volatility-based quoting convention used in the ...
The China Financial Futures Exchange (CFFEX) has approved ten futures brokerages as its first exchange members, according to official media.  The move is another indication that the country’s first stock index futures contract may be launching soon (See Squawkbox, 23 ...
Thomson Tradeweb, a global online, multi-dealer-to-client marketplace for fixed income and derivatives, has received regulatory approval to offer Australian institutional investors access to its liquidity pools in US Treasuries and European Government Bonds during Asian hours.   Asia-based customers, such as ...
The Australian Securities Exchange is launching Contracts for Differences (CFDs) on 5 November. It will be the world’s first listed CFD market with 16 single stock CFDs initially offered.    However, CFDs on seven currency pairs, AUD/USD, AUD/NZD, AUD/EUR, ...