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January 10, 2013
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  Top Stories 
  • Deutsche Boerse's interest in Euronext wanes as Nasdaq takes look
    Deutsche Boerse is abandoning pursuit of Euronext as regulatory scrutiny and technological change cut into potential profit, sources say. "The attractiveness of the shares-trading business has massively diminished," a high-ranking Deutsche Boerse manager said. Meanwhile, Nasdaq OMX Group CEO Robert Greifeld says his firm might be interested in acquiring Euronext. "We would have to take a look at it," he said. "I'm not saying we would bid on it, but we would have to take a look." Reuters (1/9), Reuters (1/9) LinkedInFacebookTwitterEmail this Story
  • SGX to futurize commodity swaps
    The Singapore Exchange says it will launch a set of futures contracts on Feb. 25 that will be fully fungible with the iron-ore, freight and other commodity swaps it clears through its AsiaClear facility. The bourse has made no secret that it wants to lure more U.S. clients, who are facing stricter over-the-counter trading rules. Reuters (1/9) LinkedInFacebookTwitterEmail this Story
  Regulatory Roundup 
  • Authorities obtain more time to review EMIR
    The European Parliament and the Council of the EU have been granted a one-month delay, until Feb. 19, to examine rules within legislation on over-the-counter derivatives. Lawmakers had noted that "adoption of the delegated regulations shortly before Parliament's winter recess made it impossible for Parliament to exercise its scrutiny rights within that period." The rules were developed by the European Securities and Markets Authority and the European Banking Authority in support of the European Market Infrastructure Regulation. The Trade News (U.K.) (1/9) LinkedInFacebookTwitterEmail this Story
  • Other News
  Industry Developments 
  Electronic Trading News 
  • Authorities face challenges in attempts to regulate HFT
    The Financial Industry Regulatory Authority has joined a regulatory effort to rein in high-frequency trading. However, regulators, including the Commodity Futures Trading Commission and the Securities and Exchange Commission, face many challenges in their efforts to govern HFT. The Australian Securities Investment Commission has said it will use HFT technologies to monitor such activity, but it is unclear whether the U.S. regulators have the technology and resources to do the same. CFTC Law (1/9) LinkedInFacebookTwitterEmail this Story
  Commodities and Managed Futures 
  • Bonded warehouse space is set to double in Shanghai
    An increase in bonded warehouse space may be an indication that Shanghai hopes to become a London Metal Exchange-approved delivery center. Currently it is impermissible to use Chinese warehouses for the delivery of futures traded overseas. Bloomberg (1/10) LinkedInFacebookTwitterEmail this Story
  • Credit Suisse expects lead prices on LME to falter
    Credit Suisse Group anticipates that the price for lead on the London Metal Exchange will underperform that of lead on the Shanghai Futures Exchange. Prices for lead in China are under pressure because of a downturn in demand for batteries. "Prices in London should start to reflect developments in China," said Ivan Szpakowski of Credit Suisse. "On a three-month horizon, we think LME will underperform." Bloomberg (1/9) LinkedInFacebookTwitterEmail this Story
  FIA News 
  • Mark Your Calendar for NY Expo 2013, April 10 and 11
    The Futures Industry Association will hold its second annual NY Expo, April 10 and 11 at the Hilton New York, in cooperation with the FIA Chicago, Futures Services and Information Technology divisions. Last year's event attracted more than 600 industry professionals and more than 20 vendors. This year's topics will include OTC clearing and high-frequency trading as well as product-specific panels on interest-rate swaps, energy and more. Contact for sponsorship and exhibiting opportunities. Register here. LinkedInFacebookTwitterEmail this Story
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Luck enters into every contingency. You are a fool if you forget it -- and a greater fool if you count upon it."
--Phyllis Bottome,
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