Exchanges
CBOE Futures Exchange (CFE) has announced that it plans to launch National Association of Realtors (NAR) existing home sales median price futures contracts. Through a licensing agreement with NAR, CFE has created five new futures contracts designed to track the median price of existing-home sales nationally and in four distinct regions within the US. CFE said it planned to launch the new contracts in the second quarter, pending regulatory approval. "With the US housing market valued at nearly $20tr, real estate is not only the hottest topic of conversation, it is an asset class unto itself that is arguably one of the most important segments of the US economy," said CBOE chairman and CEO Bill Brodsky.
Eurex has announced that it intends to extend trading hours for its equity index products from 1 June. Trading in euro-denominated equity index products will start an hour earlier at 8am (CET). The exchange...