Chicago Mercantile Exchange (CME) and Nasdaq announced an expanded partnership to develop new futures and options contracts, based on the Nasdaq Composite Index. The two exchanges are expanding and extending their exclusive joint agreement to offer Nasdaq-100 futures and options contracts at CME through 2011. Additionally, they will launch new E-mini Nasdaq Composite Index futures and options contracts on CME's Globex electronic trading platform 27 October. Subject to attaining specified performance criteria, the NasdaqComposite Index futures products will be traded exclusively at CME and will be renewable for two consecutive four-year terms.
International Securities Exchange (ISE) has introduced options on two new fixed income exchange traded funds (ETFs). Both options on iShares Lehman Brothers 7-10 Year Treasury Bond Fund (IEF) and on iShares Lehman Brothers 1-3 Year Treasury Bond Fund (SHY) were allocated to Knight Financial Products and will trade on a March...