Category: Exchanges

HKEX
January 13, 2025 BY Sam Boughedda

OTC Clear to Accept China Government Bonds as Collateral for All Derivatives

The announcement follows approval from the Securities and Futures Commission (SFC), the Hong Kong Monetary Authority (HKMA), and the People's Bank of China. HKEX explained that the initiative allows international investors holding these bonds through Bond Connect to use them as margin collateral for OTC derivatives. Initially implemented for Northbound Swap Connect, OTC Clear expects…

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CME Group
January 13, 2025 BY Sam Boughedda

CME Group's International ADV Reaches a Record High in 2024

The derivatives marketplace firm said the growth reflects heightened trading activity outside the United States, driven by significant gains across various product categories. The Energy sector led the surge with a 31% increase in ADV, followed by Metals at 27%, Agricultural at 25%, Interest Rate products at 12%, and Foreign Exchange products at 10%.  "We…

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Eurex ESG
January 07, 2025 BY Sam Boughedda

Eurex Dividend Options Gain CFTC Approval for US Trading

The exchange said that effective 6 January (Monday), US investors can now trade EURO STOXX 50 Index Dividend Options and EURO STOXX Banks Index Dividend Options.  The move is expected to expand US investors' ability to manage exposure to European equity markets. Robbert Booij, CEO of Eurex Frankfurt AG, commented, “Removing access barriers and making…

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January 03, 2025 BY Sam Boughedda

S&P Dow Jones Indices Updates S&P Composite 1500 Market Cap Guidelines

The changes, effective immediately, reflect adjustments to ensure alignment with current market conditions and apply to the S&P 500, S&P MidCap 400, and S&P SmallCap 600. The new guidelines raise the minimum unadjusted market capitalisation thresholds. For the S&P 500, companies must now have a market cap of at least $20.5 billion, up from $18…

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HKEX
December 18, 2024 BY Sam Boughedda

HKEX Launches Data Marketplace

The platform is said to feature a modern and intuitive user experience, featuring multiple data delivery options such as cloud transfer for enhanced convenience. HKEX said that in its initial phase, the Data Marketplace will provide shareholding data from the Central Clearing and Settlement System (CCASS) for commercial use. In addition, it will offer historical…

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HKEX
December 17, 2024 BY Sam Boughedda

HKEX's OTC Clear to Accept China Government Bonds and Policy Bank Bonds as Collateral for Swap Connect

The firm said the enhancement will let offshore investors use these bonds, which are held through Bond Connect, to meet initial margin requirements for Northbound Swap Connect. It is expected to improve capital efficiency and provide more flexibility to international investors. Furthermore, HKEX said that it will also enhance the liquidity of bond holdings in…

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Euronext
December 03, 2024 BY Sam Boughedda

Euronext Unveils Total Return Futures on FTSE MIB Index

The firm revealed in a press release Monday that the move expands its European derivatives offering, building on the success of its TRF on the CAC 40 Index launched in 2018. TRF is designed to replicate the economics of over-the-counter (OTC) total return swaps, offering a more transparent and cost-effective exchange-traded solution.  Euronext explained that…

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Expected US Rate Cuts Give Copper Price A Boost
December 02, 2024 BY Sam Boughedda

R.J. O'Brien & Associates Canada Fined By ICE Futures For Minor Violations

The penalty was issued under the exchange's Rule 21.02(e), which allows the Chief Regulatory Officer to impose summary fines of no more than $25,000 for minor violations without a formal disciplinary hearing. ICE Futures explained that the violation stemmed from improper cross trading in Canola Futures contracts. Specifically, R.J. O'Brien was found to have violated…

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HKEX
December 02, 2024 BY Sam Boughedda

HKEX: Wilfred Yiu to Retire, Vanessa Lau to Become Sole COO

The company revealed that Wilfred Yiu, HKEX’s Deputy Chief Executive Officer, Co-Chief Operating Officer, and Co-Head of Markets, will retire at the end of December after nearly six years with the organisation.  HKEX said Yiu, who will also retire as Chief Executive of The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange…

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HKEX
November 22, 2024 BY Sam Boughedda

HKEX Appoints Chief Sustainability and Group Chief Communications Officer

The company revealed that in his new role, Chow will be responsible for driving HKEX’s sustainability strategy, ensuring ESG considerations are integrated into all aspects of the company’s operations.  He will also continue to lead the Group’s legal and secretarial services functions as Group General Counsel. Chow joined HKEX in April 2021 as Group General…

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