Back in january I wrote an article about how several investment banks such as JP Morgan and Goldmans had entered the longevity market by releasing indices and products to allow buyers to track and hedge out their longevity risk. Now news has come in that the exchanges (or rather an exchange - Deutsche Borse) has also entered the running.
The Exchange announced yesterday that its German index was up and running and that they are planning for equivalent indices for the rest of Europe including the UK. For some reason the marketing fraternity seems dead set on creating ridiculous names in this area - JP Morgan have called theirs Lifemetrics and DB's are to be called Xpect Indices. So, despite these daft names, when such a major exchange is promoting these indices to facilitate OTC trading I think it is faior to say that the time for the Longevity market has finally arrived....
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Thursday, March 13
Deutsche Borse enters the burgeoning Logevity Derivatives market
by
Sean Sprackling
on Thu 13 Mar 2008 12:02 GMT
Eurex, ISE and OCC Announce Transatlantic Options Trading and Clearing Link
by
Sean Sprackling
on Thu 13 Mar 2008 11:42 GMT
13 Mar 2008
Eurex,
the International Securities Exchange (ISE), and The Options Clearing
Corporation (OCC) today announced they plan to create a transatlantic
trading and clearing link that will allow Eurex customers to access
ISE’s options market using their existing Eurex connections. Through
this link, Eurex members will have access to the full suite of options
products available at ISE and be able to execute orders in the ISE
order book using their existing connectivity to Eurex. As part of this initiative, ISE, Eurex and Eurex Clearing, the clearing house of Eurex, today signed a Term Sheet with the OCC, the central counterparty for all US listed securities options contracts. This Term Sheet is the first step toward signing a Definitive Agreement that will enable Eurex customers to clear contracts traded via the link to ISE through their existing clearing accounts at Eurex Clearing. Eurex, ISE and OCC expect the ... more » |
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