Latest Derivatives Stories

TORONTO, Aug. 21, 2012 /PRNewswire/ -- Mobile Integrated Systems, Inc. ("MOBI") and Quantitative Alpha Trading, Inc. ("QAT," and together with MOBI, the "Parties," and each a "Party") announced the execution of a definitive agreement (the "Agreement") providing that MOBI will acquire all of the outstanding common shares of QAT on the basis of 0.2222 of a share of MOBI's common stock in exchange for each outstanding share of QAT (the "Transaction"). The Parties also announced the...

COLORADO SPRINGS, Colo., Aug. 21, 2012 /PRNewswire/ -- Gold Resource Corporation (NYSE MKT: GORO) (the "Company") announced that it is extending to certain of its employees an opportunity to cancel the employee's outstanding unexercised stock options and receive an equal number of replacement options to purchase the Company's common stock at a lower exercise price and subject to a new three-year vesting period. Gold Resource Corporation is a low-cost gold producer with operations...

CHICAGO, Aug. 17, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of U.S. Midwest #1 Busheling Ferrous Scrap (AMM) futures to begin trading on September 10, subject to relevant regulatory approvals. This contract will be the first ferrous scrap futures contract available to U.S. steel industry participants, and will be listed by and subject to the rules of NYMEX. "Today, the global steel industry relies on...

LONDON, Aug. 17, 2012 /PRNewswire/ -- CME Clearing Europe, the London-based clearing house wholly-owned by CME Group, the world's leading and most diverse derivatives marketplace, today announced it has extended the range of eligible collateral types to include gold bullion. The extension offers additional flexibility at a time when high quality collateral is at a premium and the clearing of over-the-counter (OTC) derivatives is increasing. CME Clearing Europe has followed the lead...

ATLANTA, Aug. 16, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, and Cetip S.A. - Latin America's largest private fixed income depository - today announced the launch of a Brazilian fixed income trading platform. The platform, Cetip | Trader, brings together electronic trading, voice confirmation, straight through processing and real-time and historical data in a...

CLEVELAND, Aug. 16, 2012 /PRNewswire/ -- Aleris today named Philippe Meyer vice president and chief technology officer. Meyer will build an internal technology organization, including Centers of Excellence for the company's aerospace and automotive applications, and Research & Development. "Philippe brings to Aleris a distinctive blend of research and development, and technology commercialization experience in the aluminum industry," said Steven J. Demetriou, Aleris chairman and...

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NORFOLK, Va., Aug. 15, 2012 /PRNewswire/ -- Norfolk Southern Corporation (the "Company") today announced the pricing of its offers (the "Exchange Offers") to certain eligible holders to exchange outstanding debt securities listed in the table below (together, the "Existing Notes") for cash and up to $600,000,000 aggregate principal amount (the "Overall Issue Amount") of the Company's new Notes due 2023 (the "New Notes"), the complete terms and conditions of which are set forth in a...

DUBAI, August 14, 2012 /PRNewswire/ -- Dubai Mercantile Exchange (DME) is this month celebrating its fifth anniversary. Since its launch in June 2007, DME has established itself as the premier international energy futures and commodities exchange in the Middle East, recording consistent year-on-year trading growth. The Oman Crude Oil Futures Contract (DME Oman), the Exchange's flagship contract, is now the most credible oil benchmark relevant to the Asian market....

LEVELLAND, Texas, Aug. 10, 2012 /PRNewswire/ -- (OTC: PDGO and LHPT) Recently the Lighthouse Petroleum, Inc. and Paradigm Oil and Gas, Inc. have posted the following information on their website. The management of Paradigm Oil and Gas, Inc., has begun discussion with an independent private oil and gas producer in the United States. The objective is to purchase existing proven production. Management's internal plan is to purchase up to 1,500 barrels a month in production. Management...