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AFM News

KELER CCP and Romanian Commodities Exchange (BRM) Partnership

AFM congratulates its two member organisations (KELER CCP and BRM) for their partnership. See attached press release.

September 14, 2016


New Members in AFM

AFM is proud to list the Thailand Futures Exchange and the Nepal Mercantile Exchange as new members of the Association.

April 18, 2016


 

New Member in AFM Executive Board

Patrick J. Kenny of CQG was elected as a member of AFM's Executive Board on April 18, 2016 replacing Paul Constantinou formerly with Trayport.

April 18, 2016


 

GMEX partners with FPT to launch Vietnam's first derivatives market and clearing house

Press release

March 16, 2016


 

ARAX commodities chooses Trayport for trading power and agriculturals softs

http://www.trayport.com/uk/media2/news

March 8, 2016


 AFM Annual Conference

AFM organises its 19th Annual Conference on April 18-19 in Istanbul. The event is hosted by Borsa Istanbul. The conference will feature panel discussions on the host country, commodity derivatives (agriculturals and oil/gas), regional cooperation and islamic finance. For more information please visit:

http://www.afmorg.net/conferences/2016-annual-conference

Please join us in Istanbul!

March 7, 2016


 SFOA becomes the International Commodities and Derivatives Association

The Swiss Futures & Options Association (SFOA) today announced a change of name to the International Commodities and Derivatives Association (ICDA). The change has been made to support the latest requirements of the Association's members, who include global brokers, bankers, investment fund managers, commodities trading firms, market information providers and service companies, as well as exchanges and clearing houses. From now, ICDA is also accepting individual members for the first time in its long history.

To see the full press release: Press release

February 15, 2016


 JSE launches beef carcass contract

Read Press Release

February 1, 2016


 Borsa Istanbul News

 https://www.linkedin.com/pulse/fastest-growing-derivatives-market-emea-americas-borsa-muammer-cakir

January 29, 2016


 

MAKE Brokerage chooses Trayport's broker trading system for Turkish power market

 http://www.trayport.com/uk/media2/news/makebrokers

January 21, 2016


 National Bank of Hungary acquired shares of the Budapest Stock Exchange. New management at the Stock Exchange. Please read relevant Press Release.

December 16, 2015


 EBRD aquires 10% stake in Borsa Istanbul

 http://www.borsaistanbul.com/en/news/2015/12/12/ebrd-acquires-10-per-cent-stake-in-borsa-istanbul

 Borsa Istanbul goes live on NASDAQ Technology Suite

http://www.borsaistanbul.com/en/news/2015/12/12/borsa-istanbul-goes-live-on-nasdaq-technology-suite

December 14, 2015


 Power Solutions Chose Trayport's Broker Trading System for Turkish Power Market

see Press Release

November 30, 2015


 AFM joined the Annual General Meeting of the International Association of Exchanges of the CIS Countries (October 28-29, 2015, Minsk, Belarus)

Minsk played the host organisation to the annual General Meeting of IAE CIS. The event gathered top managers of 15 largest exchanges from 6 countries as well as representatives of the Eurasian Economic Commission. Valentin Chekanov, Minister of Trade of Belorussia, Arkady Salikov BUCE Chairman and Alexei Kuprin, IAE CIS Executive Director opened the meeting.

November 2, 2015


Polish Power Exchange Financial Markets

Please download TGE's brochure on its financial markets


 

Dalian Commodity Exchange and Bursa Istanbul sign MoU

Dalian Commodity Exchange (DCE) and Borsa İstanbul signed a memorandum of understanding (MoU) on October 23 in Istanbul, Turkey, with an aim to seek to cooperate in information sharing, product promotion and staff exchange.

DCE Chairman Li Zhengqiang said that DCE had been attaching high importance to globalization and opening-up. The “One Belt and One Road” strategy of the Chinese Government provides a new opportunity for cooperation among all the relevant exchanges.


 

New era in interest rate managament in Turkish capital markets

VIOP launches its first interest rate product: Overnight Repo Rate Futures

A new asset class is added to the VIOP multi-asset risk management platform.  Overnight Repo Rate Futures contracts will start trading on Borsa İstanbul Derivatives Market (VIOP) on October 21, 2015. Overnight Repo Rate Futures contracts, based on the compounded rate of value weighted average of daily overnight repo rate traded on Borsa İstanbul Interbank Repo-Reverse Repo Market, with a daily average volume of 13 billion USD, will be of two types; monthly and quarterly.

Both monthly and quarterly overnight repo rate futures are cash settled in Turkish Lira with a central counterparty clearing (CCP) service provided by Takasbank. Total of four maturity months of Monthly Overnight Repo Rate Futures contracts will be traded at the same time. Quarterly Overnight Repo Rate Futures Contracts will cover a period of two years with a total of eight quarters.

Borsa İstanbul Executive Vice President Çetin Ali Dönmez pointed out the fact that Overnight Repo Rate Futures will allow institutional investors to manage their short term interest rate risks, filling a significant gap in this field, and said, “Overnight Repo Rate Futures are, at the same time, instruments that can be used as benchmark in the floating leg of Turkish Lira denominated interest rate swaps. We offer significant cost advantages for market makers of Overnight Repo Rate Futures contracts which play an important role for the stability of the financial system. We are negotiating with potential market makers in order to ensure the availability of on-screen liquidity as soon as possible”.

Borsa İstanbul Head of Derivatives Market (VIOP) Muammer Çakır said, “FX derivatives at VIOP have become as liquid as index contracts in the last couple of years. By adding another Treasury product in our product portfolio, we are taking a determined step towards creating an efficient and liquid risk management platform for managing all kinds of risks. With this vision, we are pleased to launch Overnight Repo Rate Futures, through which, particularly banks, mutual funds and financial institutions can manage their short term interest rate risks with central counterparty clearing service”.

Borsa İstanbul Derivatives Market (VIOP) is the region’s leading and most liquid derivatives marketplace where the investors and corporates come to manage their risk. VIOP offers the widest range of regional benchmark products across all major asset classes, including futures and options based on equity indices, currencies, interest rates, precious metals, commodities and energy with a central counterparty clearing service.

October 2015

TAIFEX FOREX Futures Products

See published article by TAIFEX

October 2015

Belarussian Commodity Exchange Celebrates 10th Anniversary

See published article

October 2015

Iranian Mercantile Exchange September Report

September 2015

AFM in the 36th Bürgenstock Conference

September 22-23, 2015, Geneva

AFM Emerging Exchanges Panel:

  • Kristian Schach Möller, CEO, Agricultural Commodity Exchange for Africa (ACE) Malawi;
  • Muammer Cakir, Head, Derivatives Market - VIOP, Borsa Istanbul, Turkey;
  • Chris Sturgess, Director, Commodities, JSE, South Africa;
  • Ismael Caram, Deputy CEO, Rosario Futures Exchange, Argentina;
  • Patrick Kenny, SVP Client Relationships, CQG
  • Louisjan Bonthuys, STT

Please download summary of the panel discussion here.

 

Experience of Structured Trade in Malawi

September, 2015

 

Presentation about Polish Power Exchange

September, 2015