Exchanges
Service outage hits Barclays Capital's first OTC clearing client
Client clearing glitch highlights the complexity of what is expected to be a major new business.
CME to launch e-micro gold contracts
CHICAGO - CME Group plans to launch e-micro gold futures on its electronic trading platform CME Globex on October 3, for a trade date of October 4, in response to growing demand for smaller contracts.
Sizeable portion of banks not planning to become clearing members
Battle for client clearing business set to heat up, reveals Risk interdealer poll
MAS approves SMX for commodities and currencies
SINGAPORE – The Monetary Authority of Singapore (MAS) has granted final approval to the Singapore Mercantile Exchange (SMX), to operate as a regulated and licensed exchange.
Clearers pile into Asia
The region seizing the opportunity to offer central clearing for over-the-counter products seems to be the Asia-Pacific, which explains LCH.Clearnet’s plans to aggressively push into that market.
Exclusive: LCH.Clearnet in a raft of Asia deal talks
Clearing giant LCH.Clearnet strengthens its position in Asia as it looks to seal a number of clearing deals with a raft of exchanges and other market participants
Exchange trading sees sharp rise in July
CHICAGO & LONDON - Exchange trading experienced a sharp year-on-year rise in July, overshadowing a marginal increase on traditional spot systems.
LCH.Clearnet may offer 'lite' membership to sovereigns
Clearer's plans to create a special membership category for central banks and other sovereigns could undermine CCPs' risk-mutualisation model, rivals claim.
Liquidity critical to OTC clearing, argue dealers
Regulators should consider liquidity when deciding which over-the-counter derivatives should be cleared, say market participants
End-users support central clearing
NEW YORK - The push for central clearing is increasingly being driven by end-users seeking operational efficiencies, rather than regulators, according to Jason Vitale, global head of dbClear FX at Deutsche Bank in New York.
Corporates should be forced onto central counterparties – BIS
Central counterparties are wrongly perceived as being more expensive than OTC transactions, says a leading economist.
SGX signs 14 banks for derivatives clearing
SINGAPORE - The Singapore Exchange (SGX-DC) has signed up 14 banks and three financial institutions for its Asian forex forwards and interest rates swaps clearing initiative, due for launch in the fourth quarter.
In Brief, May 3, 2010
What's going on in the FX technology sector.
CME posts record euro FX volumes
CME posted a record trading day for euro FX products with a total $98.2 billion traded yesterday, as S&P downgraded Greek debt to junk status.
Singapore Exchange moves into clearing
SINGAPORE - The Singapore Exchange (SGX-DC) became the latest to pitch clearing for foreign exchange products last week, with a proposal to clear financial derivatives, including Asian FX forwards contracts settled in US dollars.
Exchange-traded forex products up in Q4 2009
Carry traders return to market
Finra tightens margins requirements
US regulator raises bar on leveraged investments.
CME accepts gold as trade collateral
LONDON - The clearing house of CME Group, CME Clearing, began accepting gold as collateral for trades on the exchange last Monday (October 19).