These products represent NYSE Liffe US’s entry into a new asset class beyond the initial gold and silver contracts it opened with in September 2008.
Futures industry authority John Lothian recently launched his Newsletter Metals Edition. NYSE Liffe U.S. is proud to be the exclusive sponsor. The JLN Metals Edition is a free, daily online newsletter providing traders, investors and other market participants with aggregated news and commentary about the metals markets. The newsletter focuses on activities in the futures markets, the physical trade and the companies that participate in either or both. The JLN Metals Edition also monitors news reporting on the metals markets, commenting on quality and scope of coverage.
Plus, on a completely separate note: the Russell reconstitution countdown continues, with great Russells in basketball history.
Our market structure has gone astray, Larry Leibowitz told an industry market-structure conference this week; time for everyone to step up and engage in the dialogue about solutions before the opportunity passes.
We're:
• Expanding our U.S. futures business beyond gold and silver futures;
• Partnering with MSCI, a leader in the field of indices;
• Offering a suite of brand-new, stock-index products;
• Complementing the liquidity on the NYSE Arca platform in ETFs based on MSCI indices;
• Moving two of the MSCI index futures from the Chicago Mercantile Exchange in 2010; they will be dual listed until then; and
• Becoming more competitive and creating a U.S. futures exchange with a unique value proposition to firms, customers and the public.
The average size of NYSE's quote improved to 1,381 shares in March from 771 in August 2008, a 79% increase. In the top 100 issues, quoted size surged to 13,440 shares on NYSE from 4,030 in November.
That's one bit of news from our U.S. Equities newsletter. More after the jump.
Here's an excellent example of how the customer gains a very real and direct benefit from our having multiple markets and products under the NYSE Euronext umbrella.
Exchanges vying to clear credit derivatives say there is room for several to succeed; World Autism Day will kick off with the NYSE Opening Bell; the Great Fire of 1835 is recalled with a vivid blog post and podcast.
Four bits of news today from these parts.
"NYSE Euronext supports the essential purposes of the Committee draft legislation: (i) enhancing the integrity of U.S. contract markets; and (ii) bringing transparency and risk reduction to the over the counter (“OTC”) derivatives markets. Nonetheless, we are concerned that the breadth of the bill may have unintended consequences. Our comments today focus on those provisions of the bill that we believe could inhibit the ability of U.S. exchanges to compete globally and deny U.S. market participants access to critical risk management products."
Plus, results for December 2008.
Full-year 2008 brought just six IPO exits, the fewest annual venture-backed offerings since 1977, when there were also six IPO exits. Preliminary full-year M&A figures show 260 transactions in 2008, the first year since 2003 when there were less than 300 venture-backed acquisitions.
One of his key points: Using transparent, regulated markets to bring more sunlight and liquidity to opaque, less regulated securities would be preferable to writing reams of new regulations.
Approving new platforms to process CDSs is part of an effort to reduce risk in a market blamed for exacerbating the financial crisis, the Journal says.
"...Liffe on Monday became the first exchange to offer clearing of credit default swaps index trading in Europe as regulators push to improve stability in the CDS market."
...and a mention of the Queen of Soul brightening the season, literally.
NYSE Euronext registered increased trading activity on U.S. cash equities and options exchanges in November and strong year-to-date volume gains across all its global multi-asset platforms.
Plus: One very dark day in rock-music history.
I take that blog post as just one more sign of what's happening on NYSE. Museum, shmuseum. If we get these upcoming changes in our market model right, this fall and winter will feel more like spring around here -- a time of renewal.
Transaction growth across the board and across the Atlantic. Plus: numerical trivia, weekend edition.
I have no idea what he'll be asked, but recently in these sessions he has talked about what's ahead not only for the New York trading floor but for the whole NYSE Euronext enterprise.
Morituri te salutamus.
Leave it to Art Cashin -- a classic himself -- to come up with a classic reference in a historical language. Not up on your Latin? Translation and some Crash of 1987 reflections after the jump.
I'm sure you're shocked -- shocked! -- to see that trading volume on NYSE Euronext markets climbed to record levels again in August. Here's our news release on the subject. If you *are* surprised, you really oughtta call in more when you're on vacation.
Plus: bonus quiz -- who said the following?
"Nobody ever lost money taking a profit."
"If all you have is a hammer, everything looks like a nail."
"Never follow the crowd."
Read on for the answer.
Incentive-based pay for specialists; Liffe's new Guardian; commissions drop; more frequent short-interest reporting; hubris on Wall Street (on Wall Street? I'm shocked -- shocked!); skyrocketing data-message traffic; new ETFs; and on the historical-trivia front: first in film; welcome, Phone; and Abbie Hoffman pays us a visit.
More, more, more. Just call me the Andrea True Connection.
On second thought, forget I said that. Thanks.
"The European exchanges run by transatlantic bourse operator NYSE Euronext had their busiest day ever on Friday, as markets first fell then, in the wake of a U.S. Federal Reserve discount rate cut, sharply recovered."
Links for 9 August, 2007. Among them: results of the Traders Magazine survey about the NYSE Hybrid Market; NYSE Euronext trading volume grows across the markets; NYSE Bonds enlists market makers; NYSE lists 40 Chinese companies valued at $1 trillion total; and the world's most famous market may be at 11 Wall St., but it's not the world's biggest. Plus: happy birthday, John Dryden.
Links for 25 July 2007: SEC approves "upstairs" capabilities for NYSE floor brokers; new exceptions to NMS rules; NYSE MatchPoint to debut; Liffe plan puts traders at odds; Tony Soprano's management lessons. Plus, on this day in rock history: Dylan shocks 'em at Newport.
