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NYSE Euronext trading volumes in August 2012 declined year-over-year and month-over-month due to a decrease in volatility compared to August 2011 and the seasonally slower summer period.
In August 2011, trading volumes benefited from extreme market volatility in the US and Europe.
NYSE Euronext global derivatives ADV in August 2012 of 6.4 million contracts decreased 38.4 per cent compared to August 2011 and decreased 8.6 per cent from July 2012 levels.
NYSE Euronext European derivatives products ADV in August 2012 of 3.2 million contracts decreased 27.8 per cent compared to August 2011 and decreased 6.2 per cent from July
MarketAxess, the operator of an electronic trading platform for US and European high-grade corporate bonds, emerging markets bonds and other fixed income securities, is to hold its ninth annual Charity Trading Day on 12 September 2012.
MarketAxess, in partnership with EMTA, will donate all emerging markets transaction revenues from the trading day to emerging markets charities.
“We are pleased to announce our Charity Trading Day for the ninth consecutive year. This event is one of the ways we support the emerging markets community, and we thank our dealer and investor clients for their business. With the opening of our new
The Lyxor Hedge Fund Index gained 0.4 per cent in August with 11 of the 14 Lyxor Strategy Indices ending the month in positive territory.
The highest performing indices were the Lyxor L/S Credit Arbitrage Index (+1.5 per cent) and Lyxor L/S Equity – Long Bias Index (+1.5 per cent).
Markets in August extended their bullish course from July, supported by better than expected economic news flow and a sentiment of upcoming monetary stimulus in the US and the EU. Driven by hopes of additional non-conventional policy measures, the summer eventually proved to be calm, marked by a strong decrease
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.56 per cent in August as five of the seven index component strategies reported positive results.
Long/short equity (1.66 per cent) and global macro (0.88 per cent) were the top performing strategies, while managed futures (-2.01 per cent) and emerging markets (-0.15 per cent) were the worst performers and the only two strategies in negative territory.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which seek to enable investors to track the impact of market events on the hedge fund industry.
Hedge funds are continuing to develop risk management practices that fit the needs of investors and fund managers alike, according to a study from the Managed Funds Association, BNY Mellon, and HedgeMark.
The study, entitled “Risk Roadmap: Hedge Funds and Investors’ Evolving Approach to Risk,” uses qualitative and quantitative data collected from the chief risk officers of global hedge funds, institutional investors, prime brokers, and other industry participants.
The data demonstrates the industry’s increasing focus on risk management and transparency. According to survey results, hedge funds project that five years from now 41 per cent of investor reporting will be
Consolidated trading volume during August for options contracts on the Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE) totalled over 91 million contracts.
August 2012 average daily volume (ADV) for the three exchanges, combined, was 3.97 million contracts, a 40 per cent decrease when compared to the all-time-monthly record ADV of 6.65 million contracts in August 2011, and a seven per cent decrease from 4.24 million contracts ADV in July 2012.
Year to date through August 2012, consolidated ADV for the three exchanges totalled 4.65 million contracts, down seven per
Newedge has been approved for membership to clear over-the-counter interest rate swaps at the Chicago Mercantile Exchange.
Achieving authorisation means Newedge is the first futures commission merchant and non-traditional OTC IRS swap dealer to offer central counterparty clearing of OTC interest rate derivatives.
“Change inevitably breeds opportunity," says Newedge chief executive Nicolas Breteau (pictured). "The developing regulatory agenda has created the opening for Newedge to bring our world-class listed derivatives and OTC commodity swaps clearing expertise to the OTC IRS space. Membership of the CME is another important step forward towards fully realizing this opportunity. Strengthening our global platform, sharing
NYSE Liffe, the European derivatives business of NYSE Euronext, is to list futures contracts on the Russell Europe SMID 300 Index on its wholesale derivatives service, Bclear.
The futures contract will be launched on 1 October 2012.
The Russell Europe SMID 300 Index contains the 300 most rapidly tradable constituents from the small- and mid-cap (SMID cap) opportunity set in developed European markets and was designed with considerable input from the trading community to ensure ease of use in the trading environment. It also represents a low implementation cost alternative to existing indexes.
The index is the first of its
EBS, ICAP’s electronic FX platform, is making system and policy changes following consultation with its customers on both the buy and the sell side.
The changes, which follow the publication of EBS’s new dealing rules on 10 July, are designed to strengthen the resilience and improve the trading environment in the FX market.
The key updates are:
• Price granularity: moving to half pips and full pips in a selection of core pairs
• Revised quote and hit fill ratio targets to be set on a pair by pair basis
• New approach for enforcement of fill ratio policies, including cancellation of financial
The international derivatives markets of Eurex Group recorded an average daily volume of 7.2 million contracts in August 2012, down from 13.2 million in August 2011.
Of those, 5.1 million were Eurex Exchange contracts (August 2011: 9.1 million), and 2.1 million contracts (August 2011: 4.1 million) were traded at the US-based International Securities Exchange (ISE).
August 2011 saw very high volumes due to turbulences in the eurozone. In total, 117.2 million contracts were traded at Eurex Exchange and 49.1 million at ISE.
At Eurex Exchange, the equity index derivatives segment totalled 56.8 million contracts (August 2011: 123.5 million). The single
