Trading & Execution

Chicago Board Options Exchange will launch trading in a new type of S&P 500 Index options contract, known as CBOE S&P 500 Range options (SRO), beginning on 28 August. »

MarkitSERV, an electronic trade processing service for OTC derivatives, has agreed heads of terms with four FX interdealer brokers (IDBs) to provide voice trade affirmation, regulatory reporting and clearing services for FX transactions.  »

CF Partners, the trading and investments firm, has expanded its main trading entity to include investments in commodities across the energy complex. »

UBS has launched a new business area called UBS Quant HQ, focused specifically on the unique requirements of the systematic, or quantitative, trader. »

BrokerTec, ICAP’s electronic fixed income trading platform, and MTS, a fixed income trading venue in Europe which is majority owned by London Stock Exchange Group, are launching a daily repo index series for the sovereign bond markets of the main eurozone countries. »

Chi-X Canada ATS, a wholly owned subsidiary of alternative trading venue operator Chi-X Global, is launching a second lit marketplace, CX2 ATS, in the first quarter of 2013. »

Interdealer broker ICAP is reorganising to create a single, global broking division to reflect the changing nature of its business and serve customers more effectively. »

In co-operation with ČEZ Group, the European Energy Exchange (EEX) has expanded its Transparency in Energy Markets platform with energy market data from the Czech Republic. »

The London Metal Exchange’s (LME) minor metals contracts have reached USD1bn in notional turnover. »

The secondary market, where investors historically went to trade their illiquid holdings in hedge funds, private equity and other alternative investments, is increasingly a source of liquidity in normal times and not just an escape hatch for investors in duress, according to a recent survey of more than 489 institutional investors managing gross assets of USD417bn. »