CME to add options for Black Sea grain futures
CME Group is to introduce options contracts for its Black Sea wheat and corn futures as it seeks to further develop the derivatives targeting a major export zone.
Nasdaq Commodities to Launch European Spot Market
STOCKHOLM, Sweden, June 26, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) Commodities today announced a plan to offer Day Ahead Auction Markets for Electricity in Germany, France and the Nordics alongside the existing Power Futures contracts.
The implementation of Capacity Allocation & Congestion Management (CACM) aims at promoting effective competition in the generation, trading and supply of electricity. By combining Auction and Futures markets on a consolidated platform, Nasdaq is aiming for increased customer benefits with lower fees and higher market efficiency.
Moscow Exchange launches US 500 Index Futures
Moscow Exchange launched US 500 Index Futures. The underlying asset for US 500 Index Futures is the Solactive US Large Cap Index, a benchmark mirroring the performance of the 500 largest US companies.
Renaissance Broker and Region Investments will quote buy and sell orders of 100 contracts each for the nearby contracts throughout the main trading session. The contract’s code is U500.