FOi - Futures and Options Intelligence


FOi's daily roundup of news in brief, 8 February 2010 08 Feb 2010

BM&F enjoys strong JanuaryTrading in BM&F Bovespa’s BM&F segment, which is dominated by interest rate, currency and equity index futures, totalled 36.2m contracts in January, up from 31.4m in December and 28.3m in January 2009. Average daily volume rose from 1.6m in December to 1.8m. Orders routed through the Chicago Mercantile Exchange’s Globex platform hit a record high of 618,746 contracts. CME and BM&F Bovespa have enjoyed a mutual order routing deal for the past year,...


“Singapore is an energy region. In fact, it’s a global energy hub. It makes perfect sense to set up an energy team here, and for base metals it is the same. China is a big consumer now of base metals. To have an office nearby makes perfect sense.”

Terence Noe, Asia Pacific head of exchange-traded commodity derivatives at UBS in Singapore, comments on why several banks have set up mining and energy-related derivatives teams in Asia