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On 14 June CBOE’s final “lock-up” expires. With Tesla’s post IPO capitulation fresh in minds this is a date investors fear. But they needn’t. M&A is in the air, in part thanks to the exchange’s signature product. Theo Casey investigates.
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The Hong Kong Mercantile Exchange went live on May 18, becoming the latest new bourse to open in Asia.
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Exchange ownership of the intellectual property of derivative contracts is a barrier to competition, the chief executive of the London Stock Exchange claimed today.
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NASDAQ OMX and IntercontinentalExchange have withdrawn their joint proposal to acquire NYSE Euronext following discussions with the Antitrust Division of the US Department of Justice.
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When the European Central Bank flooded the European banking sector with cash, it changed the rules of the game in short term interest rate markets. Andreas Koutras and Robin Belec of ITC Markets argue that traders must learn to read the new environment.
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Dividends are a quirky asset class, and a complex instrument like options may be the best way to exploit them. Theo Casey examines five trading ideas from the sell side for a product that looks like it’s set to grow.
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The carbon trading market has an image problem. Hated by some as a drag on industry and by others as too soft to do much good, it has also recently had to cope with fraud and theft. But as Wyn Jenkins discovers, market participants are not dismayed. Lessons are being learnt and there is a wealth of new initiatives and ideas to strengthen the market. One day, it may even go global.
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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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Singapore has long been an Asian centre for derivatives trading. The market has not grown as fast as its backers had hoped, but remains an open and welcoming way into Asia for foreign capital. With fresh leadership at the Singapore Exchange and two other new markets eager for business, the state is rich with new initiatives to promote derivatives trading. William Mitting reports.
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Apart from the Flash Crash-stimulated volumes of May 2010, there has never been a more active trading month globally than March for the exchanges tracked by FOi’s database.
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Professionals from the futures industry will next week take part in a sponsored walk to raise funds for the Futures For Kids charity.
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Jeff Sprecher, chairman and CEO of Intercontinental Exchange, is confident that NYSE Euronext shareholders will favour ICE’s bid for the exchange with Nasdaq OMX – ending a 10 year wait by Sprecher for control of Liffe.
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The London Metal Exchange is giving “serious consideration to the possibility of building its own clearing house” in a blow to incumbent LCH.Clearnet.
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April was a month of mixed fortunes for CME Group, with increased trading in agricultural commodities and metals yet falls in volumes for Eurodollar options, equity indices and energy products.