Solutions
The Luxembourg Stock Exchange listed a total of 1,220 new investment funds during 2010. The exchange improved its position overall in the listing of international securities during the year, admitting 9,350 new securities in all, a 20.85% increase compared with 7,737 in 2009.
For its two markets, the breakdown was as follows: 8,210 securities on the “Bourse de Luxembourg” regulated market, and 1,140 on the Euro MTF market. As well as the 1,220 investment funds, the exchange listed 5,608 bonds, 53 shares and depositary receipts, and 2,469 warrants.
As regards the share segment, the overwhelming majority of the listed instruments
Eurex will introduce equity options with weekly expiration dates on 24 January 2011. It’s the first time that weekly options will be available on the exchange.
The Eurex Weekly Equity Options will be listed as separate contracts and will initially comprise derivatives based on shares of Daimler, Deutsche Bank, Deutsche Telekom and Nokia (four per underlying stock).
Eurex will offer Weekly Equity Options for the first, second, fourth and fifth Friday of a calendar month, complementing the standard equity options series, which expires on the third Friday of every month. All other contract specifications will correspond to those of Eurex’s
The US Commodity Futures Trading Commission (CFTC) has charged Scott Bottolfson and Spirit Investments, both of Encinitas, California, and Increase Investments, Inc of Reno, Nevada, with fraudulently soliciting approximately USD14 million from 30 individuals to invest in two commodity pools to trade commodity futures contracts and options on commodity futures.
Spirit and Increase allegedly operated the pools.
The CFTC’s complaint, filed in the US District Court for the Southern District of California, charges that, from approximately 2002 through August 2010, Bottolfson lured prospective participants with false or misleading representations, including promising a 20 per cent fixed-rate return on investments, that
NYSE Euronext’s global derivatives business achieved a record year in 2010, according to final volume data released by the company. Overall average daily volume of 8.43 million contracts represented an increase of 24% on 2009, while volumes from clients based outside Europe, particularly in the United States and Asia, continued to show above-average growth.
NYSE Euronext’s European derivatives business, NYSE Liffe, traded a record 1.2 billion contracts in 2010. Every day an average 4.7 million contracts, representing business with a notional value of EUR1.2 trillion, was traded through NYSE Liffe, an increase of 14.9% on 2009.
NYSE Euronext’s U.S.
Global derivatives average daily trading volume totalled 6.7 million contracts in December 2010, a decrease of 6.2% versus the pervious year, according to the latex figures released by NYSE.
The fall was driven primarily by a 17.7% decrease in European derivatives, but partially offset by an 8.7% increase in US equity options ADV. Cash equities ADV in December 2010 was mixed, with European cash ADV increasing 12.9% and UUS cash trading volumes decreasing 13.5% from December 2009 levels.
Deutsche Bank’s Global Prime Finance business has launched GlobalPrime Mobile, a Prime Services mobile application for the iPad and iPhone.
GlobalPrime Mobile allows clients to quickly retrieve daily margin information, and access portfolio reporting and analysis tools. The application provides a powerful set of filters to streamline report selection for mobile device users.
“As an industry leader*, we are pleased to launch cutting edge technology to meet the dynamic needs of our sophisticated client base,” says Barry Bausano, Co-Head of Global Prime Finance and Head of Global Markets Equity in North America.
Jonathan Hitchon, Co-Head of Global Prime Finance, adds:
The international derivatives markets of Eurex Group ended 2010 with a turnover of approximately 2.64 billion contracts, compared with 2.65 billion in 2009.
The total volume for 2010 splits into 1.9 billion contracts traded at Eurex (2009: 1.7 billion) and 745.2 million contracts traded at the International Securities Exchange (ISE) (2009: 960.2 million). This corresponds to a daily average trading volume of 10.4 million contracts compared with 10.5 million in 2009.
At Eurex, equity index derivatives was the largest segment in 2010 with a total volume of 805.1 million contracts (2009: 797.5 million). Derivatives on the EURO STOXX 50® index
The New York Stock Exchange will implement new circuit-breaker collar trigger levels for first-quarter 2011 effective Monday, January 3, 2011.
Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). They are set quarterly as 10, 20 and 30 per cent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.
In first-quarter 2011, the 10-, 20- and 30-per cent decline levels, respectively, in the DJIA will be as follows –
Level 1 Halt: A 1,150-point drop in the DJIA before 2 pm will
Derivatives exchange Eurex intends to intensify its cooperation with the European Energy Exchange.
The objective is to further strengthen Leipzig as a European centre of expertise for energy and emissions products.
In line with this, Eurex and Landesbank Baden-Württemberg have concluded an agreement that will allow Eurex to acquire LBBW’s stake in the EEX.
Eurex currently holds a 35.2 per cent stake in the EEX.
Eurex and the EEX have been cooperating in the trading and clearing of emissions rights and power derivatives since December 2007.
“By expanding our stake we are going to improve EEX’s position in European energy
AIS Fund Administration has launched AIS IR Manager, a secure document management and investor relations web portal designed expressly for the firm’s hedge fund clients.
AIS Fund Administration provides outsourced middle and back office support and fund administration to the alternative investment industry.
The AIS IR Manager allows managers to post fund documents, newsletters and marketing materials.
IR Manager is hosted by both the hedge fund manager and AIS on a restricted, password protected website.
Financial statements are uploaded directly by AIS to ensure that all information is secure and confidential. Managers are able to authorise their investors and prospects
