Eurex has shaded Euronext.liffe in the race to be first to introduce a futures contract on overnight euro interest rates (European Overnight Index Average, or EONIA). The exchange announced today that it will introduce EONIA futures on 27 January. Euronext.liffe
eSecLending announced today that it had completed a securities lending auction of U.S. equities for the California Public Employees' Retirement System (CalPERS) worth $48 billion. Exclusive borrowing rights to the securities were auctioned using eSecLending's web based platform, eSecAuction. Four
The Japanese Ministry of Finance today released details of the JGB STRIPS (Separately Traded Registered Interest and Principal Security) that are scheduled for introduction this month. It was announced in an official gazzete that the strippable JGBs subject will be
BrokerTec Futures Exchange announced today that it had traded a total of 2,109,670 contracts in 2002, its first full year of operation. Following a monthly volume record of 430,888 contracts traded during November, the exchange had an average daily volume
SWIFT will supply messaging services to MEFF, the central counterparty and Spanish financial futures and options exchange. The agreement was signed in Madrid today by Jos Massa, Managing Director of MEFF parent Grupo Mercados Financieros, and Francis Remacle, a Member
The Financial Services Authority (FSA) has fined Credit Suisse First Boston International (CSFBi) 4 million for attempting to mislead the Japanese regulatory and tax authorities. This is the highest fine ever imposed by a UK financial regulator. Formerly called Credit
The repo market course, co sponsored by ISMA's European Repo Council (ERC) and ACI the Financial Markets Association, is likely to become a regular event, says the ERC. The course hosted by Fortis Bank (home of ERC chairman Godfried De
Total cash bond trading volume (excluding derivatives) among domestic institutional fixed income investors in Japan declined by 9% over the past year to 212 trillion. However, among international investors based in Japan, total cash bond trading volume increased by 6%
Eurex says the outstanding volume on its Euro repo platform has increased by over 300 per cent to Euros 10 billion in the last year. The participation of the German Finance Agency on the Eurex Repo platform since May 2002
Eurex Bonds, the fixed income trading platform, announced today that on 18 December it will launch a new index family with Deutsche Brse, consisting initially of ten German bond indices. The new indices for fixed income German federal bonds are