Thursday 23rd October 2014
slib33
WEDNESDAY TICKER: OCTOBER 22ND 2014: The governor of the Bank of England, Mark Carney, has launched a probe into the causes of yesterday’s disruption to Real-time gross settlement (RTGS), the bank's system for settling high value payments - A major loophole in the UK’s criminal records checking system means that IT staff, including those working in critical functions within financial services firms are not permitted to be vetted for fraud, says Simon Culhane, Chartered FCSI and chief executive officer of the Chartered Institute for Securities & Investment (CISI) - Employment in financial and related professional services in London reached a record high of 703,900 in June 2014– 11%, according to TheCityUK’s October 2014 London Employment Survey - LSE-backed multilateral trading facility Turquoise has launched Block Discovery, a new service designed to allow users within the Turquoise Midpoint Dark Book to trade larger block orders by matching block indications - Dominic Wheatley will take up the job of chief executive of Guernsey Finance as of December 1st. Wheatley will replace Fiona Le Poidevin, whose resignation was announced in July and who will head up the Channel Islands Stock Exchange.

Eurex partners with Moscow Exchange on FX trading

Thursday, 22 August 2013
Eurex partners with Moscow Exchange on FX trading Moscow Exchange and Eurex have signed a cooperation agreement for the trading of foreign exchange (FX) derivatives. The deal means Eurex Exchange will launch Euro/Russian Rouble and US Dollar/Russian Rouble FX futures on its trading system in this year’s last quarter, with the Rouble futures settled using Moscow Exchange settlement prices. http://www.ftseglobalmarkets.com/

Moscow Exchange and Eurex have signed a cooperation agreement for the trading of foreign exchange (FX) derivatives. The deal means Eurex Exchange will launch Euro/Russian Rouble and US Dollar/Russian Rouble FX futures on its trading system in this year’s last quarter, with the Rouble futures settled using Moscow Exchange settlement prices.

Alexander Afanasiev, chief executive officer of Moscow Exchange, and Andreas Preuss, deputy chief executive officer of Deutsche Börse and chief executive officer of Eurex, signed the agreement in Frankfurt/Main today.

Yesterday, Eurex revealed it would enter the foreign-exchange market in October and launch a range of currency derivatives. FX contracts will be available as exchange-listed products with Eurex initially offering futures and options on the six currency pairs where the bulk of over-the-counter trading takes place. EUR/USD, EUR/GBP, EUR/CHF, GBP/USD, GBP/CHF and USD/CHF.



Peter Reitz, member of the Eurex executive board, said: “The large majority of FX derivatives are currently traded off-exchange. With our listed contracts we are offering an alternative in which we bring the advantages of exchange trading, including clearing, to a market that has so far been organised predominantly bilaterally.

Moscow Exchange chief executive officer, Alexander Afanasiev, says the partnership with Eurex brings exciting new trading and hedging opportunities for investors. “Today we agreed to launch Rouble FX futures in Frankfurt. Also, this autumn, Moscow Exchange will launch futures on five German blue chip stocks. Cross-listing arrangements between Deutsche Börse Group and Moscow Exchange allow our clients to build new trading strategies and better manage their risks. We believe that our joint initiatives with Deutsche Börse will strengthen national markets and facilitate the continued development of Frankfurt and Moscow as financial centres.”

“We are very pleased to have reached the next milestone of our partnership. This new cooperation fits perfectly into our goal to constantly expand our product offering as it will complement our planned FX product suite”, adds Andreas Preuss.

Related News

Related Articles

Related Blogs

Related Videos

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

White Paper

Seeking Optimal ETF Execution in Electronic Markets

Seeking Optimal ETF Execution in Electronic Markets

 
pdf Download PDF View all Whitepapers