Trading & Execution

Trading in steel futures on the London Metal Exchange hit another record level in August, with 24,853 lots traded, equivalent to more than 1.6 million tonnes of material. »

  At the derivatives markets of Eurex an average daily volume of 7.8 million contracts was traded in August, down from 9.1 million in August 2009. »

RS Platou Markets, the investment banking arm of RS Platou Group, has selected Fidessa group’s Software as a Service sell-side trading platform. »

NYSE Euronext’s US data centre in Mahwah, New Jersey, has completed the migration of more than 4,500 equities issues listed on the New York Stock Exchange and NYSE Amex.  »

Cobalt and molybdenum have made an encouraging start to trading on the London Metal Exchange with volumes, liquidity and open interest building well since the launch on 22 February this year. »

Spectron, the commodities brokerage, has extended its market coverage to include European fuel oil.  »

Fidessa group, a provider of trading, connectivity and market data solutions for the buy-side and sell-side, is providing connectivity to Chi-X Japan through its global FIX network. »

The Commodity Futures Trading Commission’s Office of General Counsel has issued a no-action letter permitting the offer and sale in the US of Turkish Derivatives Exchange’s futures contract based on the Istanbul Stock Exchange 30 Stock Index. »

J.P. Morgan has become a general clearing participant in EuroCCP, which provides clearing and settlement services for a range of European markets. »

Singapore Exchange is consulting the public on its proposal to extend its central counterparty clearing services for over-the-counter traded financial derivative contracts to participation from non-bank financial institutions. »