Month: June 2013

LCH Expands to the US

LCH Clearnet’s US-based entity has launched a US-domiciled interest rate swap (IRS) clearing service. The new service expands SwapClear's interest rate swap offering and, the firm says, “demonstrates the importance of the US to LCH.Clearnet’s geographic expansion strategy”. SwapClear’s US-domiciled service is the first to be available through LCH.Clearnet LLC and is a direct response […]

Volatility Return Boosts Vix Interest

Increased market volatility helped the CBOE Futures Exchange record a third busy month in succession for its Volatility based VIX contract. CFE says that May 2013 was the third most active trading month all-time for VIX futures, trailing only April 2013 (4,056,760 contracts) and March 2013 (3,220,977 contracts). During May, a total of 3,212,399 VIX […]

FXStreet Unveils Live Analysis Room

Information service provider FXStreet has launched its Live Analysis Room, a new free service that offers retail FX traders assistance, market analysis and strategies in real time on a daily basis. Starting June 3rd, every weekday from 13 GMT to 17 GMT, 20 hours per week, trader and analyst Dale Pinkert will provide mentorship assistance […]

Nasdaq OMX NLX and SuperD Collaborate

NASDAQ OMX NLX has partnered with SuperDerivatives to offer independent and transparent settlement pricing on its new London-based market for interest rate derivatives. Daily settlement prices and some final settlement prices for NLX futures products are supported by SuperDerivatives. SuperDerivatives will deliver unbiased and accurate settlement prices based both on actual traded prices and order […]

CLS Numbers up in May

CLS Bank handled 1,329,316 average daily volume of instructions in May, a 4% rise on April and 18.3% up on May 2012. Average daily value submitted to CMS was $4.87 trillion, a 2.6% decline from April’s $5 trillion but up 3.8% year-on-year. Growth in CLS’ numbers continues to be driven largely by its joint venture […]

Eris Modifies Contract Sizes

US-based swap futures platform, Eris Exchange, has announced a conversion to a $100,000 notional size contract from the previous $1,000,000 notional size. The exchange implemented this design modification “in response to significant end user demand for increased granularity in trade allocations in advance of the June 10 Category 2 swap clearing mandate”, Eris says. “The […]

Toffey Confirmed at GFI

As reported in last week’s Squawkbox, James Toffey has been appointed global head of electronic markets at GFI Group. Toffey will be responsible for spearheading GFI’s services as a global operator of electronic marketplaces for professional traders and market makers of cash and derivative financial and commodity products. Toffey founded Tradeweb Markets, which is now […]

Charles River and 360T Team Up

Investment solution provider Charles River, and trading technology provider 360T have partnered to provide liquidity from the 360T platform to the Charles River Investment Management Solution. The solution is now in beta and scheduled for general availability in Version 9.2, the firms say. Clients will be able to receive real-time quotes and execute trades from […]

SEC Proposes New Money Market Funds Rules

The Securities and Exchange Commission has voted unanimously to propose rules that would reform the way that money market funds operate in order to make them “less susceptible to runs that could harm investors”. The SEC’s proposal includes two principal alternative reforms that could be adopted alone or in combination. One alternative would require a […]

Markets Unprepared for OTC Derivatives Clearing – Poll

SimCorp has released the results of a poll conducted in March in which respondents, including nearly 60 executives from 34 capital market firms from around the world, said that the capital markets industry is unprepared for OTC derivative central clearing.  The poll asked respondents whether or not their firms are ready to centrally clear interest […]