Monday 24th November 2014
NEWS TICKER: November 24TH 2014: This morning, US time, President Obama accepted a letter of resignation from US Secretary of State for Defence, Chuck Hagel, who says he will service until his successor is confirmed by the US Senate. “You should know I did not make this decision lightly. But after much discussion, the President and I agreed that now was the right time for new leadership here at the Pentagon,” he wrote in an official statement announcing his resignation - .Bank of America Corporation today announced it will report its fourth-quarter 2014 financial results on Thursday, January 15th 2015. The results are scheduled to be released at 7am ET, followed by an investor presentation at 8:30am ET - The Straits Times Index (STI) ended -4.79 points lower or -0.14% to 3340.53, taking the year-to-date performance to +5.55%. The FTSE ST Mid Cap Index gained +0.23% while the FTSE ST Small Cap Index gained +0.34%. The top active stocks were Forterra Trust (+20.97%), SingTel (-0.77%), CapitaLand (+1.53%), DBS (-0.45%) and Suntec REIT (-0.52%). Outperforming sectors today were represented by the FTSE ST Technology Index (+0.88%). The two biggest stocks of the FTSE ST Technology Index are Silverlake Axis (+1.22%) and STATS ChipPAC (+1.12%). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.68% with SingTel’s share price declining -0.77% and StarHub’s share price unchanged. The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.26%), SPDR Gold Shares (+0.47%), STI ETF (+0.30%) - Moody's Investors Service has today upgraded SCHMOLZ + BICKENBACH AG's (S+B) corporate family rating (CFR) to B2 from B3 and probability of default rating (PDR) to B2-PD from B3-PD. The rating of the senior secured notes due 2019 issued by SCHMOLZ + BICKENBACH Luxembourg S.A. (a wholly owned subsidiary of S+B) is also upgraded to B2 from B3. The outlook on the rating is stable. -- The Nasdaq Stock Market says that trading was halted today in MOL Global Inc at 09:10:08 Eastern Time for "additional information requested" from the company at a last price of $4.09. Trading will remain halted until MOL Global Inc. has fully satisfied Nasdaq's request for additional information - The ICE January Brent futures contract settled $1.03 higher at $80.36/b Friday after a surprise interest rate cut by the Chinese central bank lifted hopes the world's second largest economy could grow faster. Crude benchmarks on both sides of the Atlantic closed at their highest levels since November 12. NYMEX January crude futures ended the session 66 cents higher at $76.51/b.

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.

Related News

Related Articles

Tweets by @DataLend

DataLend is a global securities finance market data provider covering 42,000+ unique securities globally with a total on-loan value of more than $1.8 trillion.

What do our tweets mean? See: http://bit.ly/18YlGjP