Exchanges

BISS Research’s Gary Wright explains why the fragmentation of  the CCP landscape in Europe, which is further complicated by the push for OTC derivatives onto exchanges, will cost the market more and introduce more operational burdens all while not reducing the risks expected.

Derivatives have always been synonymous with change, but the current levels of change are unprecedented. This is due to numerous impacts on market participants and organizational functions by the derivatives transformation imposed by the regulators on the financial industry. Capco's Samuel Ely discusses opinion of general themes and trends going far into the future and the ‘end game’ for derivatives clearing rather than commenting on the present environment. 

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has named Harriet Hunnable as Managing Director, Metals Products. Hunnable, 44, will be responsible for developing and executing the company's global metals business strategy. She will be based in London and will report to Joe Raia, Managing Director, Energy and Metals Products.

CME Group today requested and received a 90-day extension for implementing margin changes announced yesterday in order to comply with CFTC Regulation 39.13(g)(8)(ii), as it applies to customers that are exchange members (member-customers) and omnibus accounts. 

During the extension period, CME Clearing will work with the CFTC to address member-customer concerns.  Additionally, CME Group will keep member-customers informed during this period and provide adequate notice of any changes to margin requirements.

CME Group, the world's leading and most diverse derivatives marketplace, announced today that on April 27 the company cleared its first customer FX Over-the-Counter Non Deliverable Forward (NDF) trade, further expanding the company's market leading OTC solution across multiple asset classes. The currency cleared was the Brazilian Real. The company also offers NDF clearing for the Chinese Renminbi Yuan, Philippine Peso, Malaysian Ringgit, Indian Rupee, Korean Won, Taiwan Dollar, Chilean Peso, Colombian Peso, Peruvian Sol, Russian Ruble and Indonesian Rupiah.

Acquisition of SIX Swiss Exchange’s 50-percent share closed

Groundbreaking Margin Savings of Up to 95 Percent for Interest Rate Swap Futures Clients

Eurex Clearing and Pirum Systems sign Connectivity Agreement to facilitate access to Eurex Clearing’s Lending CCP / Market participants will be able to leverage Pirum’s automation platform to transmit bilaterally negotiated transactions to Eurex Clearing

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that it will introduce five new U.S. grain and oilseed contracts on ICE Futures U.S. pending review by the Commodity Futures Trading Commission. These contracts join ICE's slate of agricultural futures and options contracts including sugar, cotton, coffee, cocoa, orange juice, Canadian wheat, barley and canola.