News Centre

S&P Capital IQ - Outlook for Europe Report

Date 30/09/2013

Highlights from the latest ‘European Investment Policy Committee’ note from S&P Capital IQ Equity Research:

• 2014 and the rest of 2013 will likely be defined by the strength of an earnings rebound. We anticipate that many cyclical subsectors will lead this rebound via margin recovery, higher economic activity driving both consumer and industrial demand and, for Continental Europe, forex support. Many leading indicators have improved materially since April, with some investors nervous that the cyclical outperformance over defensive peers is over. The ‘early cyclical’ phase is indeed likely over, and also included an element of catch-up following the weak Q1 outturn, but leading indicators are a better buy signal than sell. In our view we are about to enter a new, normalised cycle where economic momentum does become more lumpy but where reactions should be more contained.

UK Funds Under Management Up 6.5% To Record £5.4 Trillion - New Report From TheCityUK Shows 4th Successive Year Of Sector Growth

Date 30/09/2013

TheCityUK’s Fund Management report, released today, shows that the UK’s fund management sector was responsible for a record £5.4 trillion of funds at the end of 2012, some 30% above the pre-crisis peak.

CFTC Staff Responds To Frequently Asked Questions On Commodity Options

Date 30/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) Division of Market Oversight (DMO) staff is responding to frequently asked questions (FAQ) from market participants and other interested parties regarding commodity options.

International Securities Exchange (ISE) Gemini Rolls Out 200 Additional Products - Listings On ISE Gemini Now Represent Over Ninety Percent Of Overall Equity And ETF Options Volume

Date 30/09/2013

The International Securities Exchange (ISE) today announced that ISE Gemini^TM has completed the rollout of 200 additional products. Following today’s expansion, ISE Gemini now lists all options classes included in the penny pilot and the most active non-penny pilot names. ISE Gemini has approximately 500 total products listed that together represent over ninety percent of equity and ETF options industry volume.

CBOE Futures Exchange Announces Launch Dates For VIX Futures Extended Trading Hours - First Phase Begins October 21 - Second Phase, October 28

Date 30/09/2013

CBOE Futures Exchange, LLC (CFE^®) today announced that the first phase of its extended trading hours initiative for CBOE Volatility Index^® (VIX^® Index) futures will begin on Monday, October 21, with the second phase to follow on Monday, October 28.

Two New Eurex Executive Board Members Appointed

Date 30/09/2013

In its meetings on 26 September 2013, the Board of Directors of Eurex Zürich AG and the Supervisory Board of Eurex Frankfurt AG appointed Mehtap Dinc (46) and Brendan Bradley (49) as new members of the Executive Board of Eurex. Dinc will take over responsibility for product research and development from Peter Reitz, who will remain on the Executive Board and continue to be in charge of European Energy Exchange (EEX) and Eurex Repo. Bradley will be responsible for innovation management.

CBOE And CFE To Launch Futures And Options On The CBOE Russell 2000 Volatility Index - New Products Offer Volatility Trading On Premier Measure Of Small-Cap U.S. Stocks

Date 30/09/2013

CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that Chicago Board Options Exchange, Incorporated (CBOE^®) and CBOE Futures Exchange, LLC (CFE^®) will launch trading on Russell 2000^® Volatility Index options (RVX) and futures (VU).

TMX Group Limited Announces Closing Of $1.0 Billion Debenture Offering And Favourable Amendments To Credit Agreement

Date 30/09/2013

TMX Group Limited (“TMX Group”) today announced that it has successfully completed a private placement offering (the “Offering”) of $1.0 billion aggregate principal amount of senior unsecured debentures (collectively, the “Debentures”) to accredited investors in Canada. TMX Group issued: $400 million aggregate principal amount of 3.253% Series A Senior Unsecured Debentures due October 3, 2018; $250 million aggregate principal amount of 4.461% Series B Senior Unsecured Debentures due October 3, 2023; and $350 million aggregate principal amount of Series C floating rate (3-Month CDOR plus 70 bps) Senior Unsecured Debentures due October 3, 2016. All of the Debentures received a credit rating of A (high) with a Stable trend from DBRS Limited.

DGCX Wins Prestigious FOW Awards - Cinnober-Powered Dubai Gold & Commodities Exchange (DGCX) Receives FOW Awards For Best Technology Innovation By An Exchange And Emerging Exchange Of The Year

Date 30/09/2013

On September 26 at a gala dinner in Singapore, DGCX received the prestigious awards Best Technology Innovation by an Exchange and Emerging Exchange of the Year in Futures & Options World’s (FOW’s) Awards for Asia, recognizing the best of the Asian derivatives industry. 

MNI Chicago Report: Chicago Business Barometer Up 2.7 Points To 55.7 In September

Date 30/09/2013

• Production, New Orders and Supplier Deliveries support Barometer
• Employment down for third consecutive month