Euronext Liffe saw a slight dip in derivatives revenue for the third quarter of 2003, despite increased transaction volumes. Derivatives trading brought in €78m in the July-September period, down 2.4% on Q3 2002. The exchange said revenue was down mainly due to a negative exchange rate impact of €5mn. Q3 also saw an 8.8% drop in cash trading revenue, a 15.5% drop in clearing revenue and an overall revenue decrease of 3.3%. There was notable growth in settlement and custody revenues and software sales, which increased 17.1% and 9.9% respectively.
Chicago Board of Trade (CBoT) last week identified 5 February as the launch date for futures on the Dow Jones US Total Market Index (TMI) (see FO Week Vol 8 No 41). Options on mini-sized Dow futures will be launched on the same day. Both products will trade exclusively on the...