April 9 2013

Public Markets

Nasdaq OMX to launch FX clearing in November 

Risk.net

CME Group offers cross-margining for OTC interest rate swaps cleared through CME Clearing and its eurodollar futures and US Treasury futures contracts. Meanwhile, LCH.Clearnet is working to develop a ‘one-pot’ margining facility with NYSE Euronext and …

NYSE Euronext () Updates Q2 Earnings Guidance

Daily Political

NYSE Euronext logo NYSE Euronext (NYSE: ) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of ($0.01)-0.02 for the period, compared to the Thomson Reuters consensus earnings per share …

Bolsas Y Mercados Espaneoles Socdad Hldg : SEND, BME’s fixed income platform, admits to trading Public Debt issues

4-traders (press release)

As of today, it will be possible to trade 50 issues of Spanish Treasury Bills and Government bonds as well as 100strips
The trading volume on this electronic trading platform in the first quarter was €600 million, four times as much as in the same period last year

The 50 outstanding issues by the Spanish Treasury as well as the 100strips(Public Debt) will start trading today on SEND, BME’s electronic Fixed Income platform for retail investors, following their admission by AIAF, the Spanish Fixed Income Market.

CME Group’s former CEO pay valued at $6.1M in 2012

Chicago Tribune

The CME Group, parent of the Chicago Mercantile Exchange, the Chicago Board of Trade and the New York Mercantile Exchange, is one of the world’s largest futures exchange operators. Its exchange-traded derivatives contracts include futures and options …

Costs of derivatives clearing stack up for buy-side

Reuters

CME Group launched its deliverable swap future last December in the view that many participants would be willing to adapt their trading strategies to allow for a standardised futures product that attracted lower margin requirements. The firm also began …

Products

CME Plans to Introduce Ethanol RINs Contract by End of May

Bloomberg

CME Group Inc. (CME), owner of the world’s largest futures exchange, plans to start a contract for ethanol Renewable Identification Numbers by the end of May amid concern that higher RINs costs will boost gasoline prices. The exchange is introducing …

Private Markets

Brokers seek to establish futures exchanges amid new derivatives regulations

FINCAD News

Many different brokers are making efforts to create or expand futures exchanges as market participants ready themselves for compliance with pending derivatives regulations contained in the Dodd-Frank Act. A major contributor to this movement toward …

Technology

LMAX Exchange Chooses Azul Systems’ Innovative Zing To Further Optimize Execution Performance – Azul Zing JVM Deployment Marks Beginning Of A New Joint Engineering Initiative With LMAX Exchange

LMAX Exchange, the first FSA regulated MTF for FX, announced today a strategic partnership with Azul Systems, the leading Java solution provider for applications requiring low latency and scalability. LMAX Exchange will use Azul’s Zing™ Java Virtual Machine (JVM) for continuous performance optimization of its low latency execution venue.
As the award-winning LMAX Exchange continues its rapid growth, it will use the innovative Zing JVM as a technological foundation to deliver consistently reliable performance, high throughput and low latency execution.
Furthermore, both companies will collaborate at a deep engineering level to continuously optimize the low-latency performance of Azul’s Java solutions.

Markit Acquires DTCC Stake in MarkitSERV

Markit, a leading, global financial information services company, today announced that it has acquired the ownership stake in MarkitSERV held by the Depository Trust and Clearing Corporation (DTCC). Markit and DTCC founded MarkitSERV in 2009 as a joint venture that combined the firms’ electronic trade processing services for OTC derivatives.

Appointments

Toronto Stock Exchange And TSX Venture Exchange Land In London

To better serve their growing business in Europe and Africa, Toronto Stock Exchange and TSX Venture Exchange have added a member of their Equities business to their London office.
Graham Dallas has joined the Toronto Stock Exchange and TSX Venture Exchange team as Head, Business Development- Europe & Africa.

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