Airbus scales back Skytra trading venue ambitions

As part of broader cost series of cost-cutting measures Airbus’ has scaled back ambitions for its wholly-owned Skytra derivatives trading venue, which aimed to provide hedging services to airlines for tickets prices, and is instead focussing on developing indices and tradeable benchmarks. Skytra had applied to the UK’s Financial Conduct Authority to be registered as a Benchmark Administrator of its air travel price indices and for a licence to operate a Multilateral Trading Facility (MTF), where derivatives based on the indices would trade. Skytra announced in January that it had selected Nasdaq to provide the technology for the planned derivatives