Saturday 28th February 2015
NEWS TICKER: FEBRUARY 27TH 2015: The number of global weakest links increased to 154 (as of Feb. 17, 2015), with 15 additions and nine removals, according to Standard & Poor's Global Weakest Links And Default Rates: Greece's Uncertain Future Weighs On Increased Corporate Default Risk, published today on RatingsDirect. "This month, we added five Greece-based entities to the weakest links list; four 'CCC+' rated Greece-based banks and one 'B-' rated utility sector company were placed on CreditWatch with negative implications, as the European Central Bank (ECB) decided to lift the waiver on the eligibility of Greek government bonds in euro-system operations," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research Group. "The CreditWatch placements reflect increased default risk looming over some Greek institutions and broader economic pressure, because Greece recently secured a four-month extension on its bailout."

Eurex concentrates commodity trading on one platform

Tuesday, 10 June 2014
Eurex concentrates commodity trading on one platform The European Energy Exchange (EEX) and Eurex Exchange have decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority stake of 63%.  http://www.ftseglobalmarkets.com/

The European Energy Exchange (EEX) and Eurex Exchange have decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority stake of 63%. 

The move is set to give customers access to a large and standardised offering of commodity derivatives contracts via one platform. 

Agricultural derivatives currently tradable on Eurex Exchange will be offered on EEX from 2015. Eurex Exchange’s product portfolio comprises futures on potatoes, skimmed milk powder, whey powder, butter, hogs and piglets. All contracts are quoted in Euro and are settled in cash. Market indices which reflect the underlying physical transactions are used as reference prices.



“EEX has comprehensive expertise in trading in energy and commodity derivatives”, says Andreas Preuss, chief executive officer of Eurex. “The transfer of the Eurex agricultural derivatives segment to our subsidiary EEX is an important step towards establishing EEX as the commodity exchange within Eurex Group.”

“With the introduction of agricultural products, we continue our strategy of expanding our offering to further asset classes”, adds Peter Reitz, Chief Executive Officer of EEX. “In this context, trading participants can benefit from a complementary product offering of commodities, such as power, gas or fertilisers for example, on one platform and the further expansion of the agricultural product portfolio.

Over the next months, EEX and Eurex will work together with market participants, clearing members, brokers and final consumers to ensure a smooth transition of trading.

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