Two senior executives at NYSE Liffe, Fraser Cowie and Ian Dudden, plan to leave the derivatives market after IntercontinentalExchange Inc. finishes buying its owner, NYSE Euronext, according to three people familiar with the situation.
Hong Kong’s futures and options market operator said traders will need to put up additional collateral when using some U.S. Treasury bills to back their positions, citing concern the U.S. is at risk of a default.
The biggest-ever overhaul of European energy derivatives rules is poised to pit Nasdaq OMX Group Inc. against the European Energy Exchange AG in Germany as the share of power handled by bourses increases.
NYSE Euronext, the bourse operator being acquired by IntercontinentalExchange Group Inc., has tapped JPMorgan Chase & Co. and Societe Generale SA to help arrange the initial public offering of its European equity operations, four people with knowledge of the matter said.
European regulators scrutinizing IntercontinentalExchange Inc.’s plan to buy NYSE Euronext asked users if the merger would reduce competition in soft-commodities markets amid concern among traders over fees and trading hours.
Coffee prices are set to stay low as roasters are buying less than usual, rules allowing Brazilian coffee to be delivered in New York come into force and a record global crop compensates for leaf rust losses in Central America.
Hong Kong Exchanges & Clearing Ltd., host to the world’s fifth-largest equity market, agreed to pay 1.39 billion pounds ($2.15 billion) for the London Metal Exchange, which handles more than 80 percent of global trade in industrial-metal futures.