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December
William Brodsky, chief executive of CBOE Holdings, reflects on a remarkable year for the exchange.
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November
Reforms sweeping across the European and US derivatives industry will result in the formation of new platforms for trading over-the-counter derivatives on electronic platforms. But, as the rules are being finalised, concerns are being raised that attempts to improve transparency will harm the orderly operation of the markets, finds William Mitting.
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October
In little more than a decade Jeff Sprecher, the chief executive of the InterContinentalExchange has built up a global derivatives powerhouse. However, his ambitions have been checked by two high profile failed merger attempts. As new legislation redraws the landscape of European and US derivatives, Elise Coroneos caught up with the man at the top of ICE about his frustrations over the failed mergers and his ambitions for the exchange.
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September
The monumental events of the first half of 2011 have impacted the way derivatives are traded. The Arab Spring, the Japanese earthquake and tsunami, the debt crisis in Europe, and the US debt ceiling debate and its subsequent historic credit downgrading all monumental events on their own, have converged to produce a different landscape in which large commodity derivative positions are, quite simply, out of favour, writes Elise Coroneos.
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July
The biggest regulatory overhaul since the Great Depression has hit a snag. Or make that several snags. With fierce debate, lobbying and the threat of regulatory nationalism we asked Theo Casey to investigate what is happening across the OTC market.
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June
Turquoise chief executive Adrian Farnham is nothing if not ambitious. This month, Turquoise Derivatives will launch its FTSE 100 futures contract in direct competition with NYSE Liffe. At the same time, Farnham has set out his stall to radically alter the landscape of European derivatives promoting a pro-competition, fungible model of contract trading. But, asks William Mitting, is the market ready for change and can Farnham succeed where so many others have failed?
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May
Nasdaq OMX and Intercontinental Exchange’s hostile bid has disrupted what was supposed to be a smooth and amicable deal to merge Deutsche Börse with NYSE Euronext. It has also raised questions over the long term viability of the vertical silo clearing model on both sides of the Atlantic. William Mitting examines the implications of the takeover battle and how the clearing issue has come to the fore.
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April
In less than a decade the US derivative market has gone from being equal to Europe's to three times the size. We ask how Europe lost the initiative and whether it can regain market share.
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February
Equity index derivatives may not have been the fastest growing asset class in 2010, but they probably have the most powerful growth potential. As Elise Coroneos discovers, emerging market contracts are burgeoning, and exchanges are launching a rash of products that let investors in one place trade stockmarkets on the other side of the world.