Stocks continued to climb today, with the Dow hitting yet another record high, as investors reacted to an unexpected positive jobs report ahead of the closely watched payrolls report due out tomorrow. In Europe, the euro climbed to a session peak against the dollar after Mario Draghi gave no indication that monetary policy will ease in the months ahead.
Executives and guests of Citi (NYSE: C) will visit The New York Stock Exchange (NYSE) on March 7th, 2013 to commemorate International Women’s Day. To mark the occasion, Suni Harford, Managing Director and Regional Head of Markets for North America at Citi. Citi will ring the NYSE Closing Bell. Suni will be joined in ringing the bell by Debby McWhinney, Chief Operating Officer, Citi Global Enterprise Payments and Ida Liu, Head of the North America Asian Clients Group, Citi Private Bank.
In recognition of International Women’s Day, Citi and the Citi Foundation are also announcing support for two initiatives with a mission to advance the financial inclusion and economic empowerment of women around the world. The announcement comes on the eve of International Women’s Day, which
By now you’ve read my previous blog introducing mini options at NYSE and know what a mini contract is and what all the hubbub is. If so, read on (or go back for a primer) and look out for two further blogs on the topic. Then you'll be set to go...
Markets have broken out of last week’s tight trading range and surged to new all-time highs this week. Any hints of weakness in the equity markets have been met by bargain hunting investors ready to scoop up shares. Here are three drivers that have moved the market this week:
Ten BIC trades (Block trades at Index Close) have been reported on NYSE Liffe US during the month of March, totaling $250 million in notional value. With these trades, NYSE Liffe US has surpassed $15 billion in notional value of BIC trades on 551 transactions. YTD ADV stands at 16.7K, up 106% Y-O-Y. Open Interest in the MSCI Index Futures complex reached a new high of 287,627 as the March-June roll begins.
NYSE Liffe US launched BIC trading in September 2011 as an innovative way to provide customers the ability to manage the tracking impact of executing large orders relative to the underlying index level by explicitly tying the transaction price to the closing level of the underlying index. BIC trading has proven to be a successful tool with over $3B transacted in mini MSCI Emerging Markets Index futures and $2.9B transacted in mini MSCI EAFE Index futures in 2013 to date alone.