Day: June 27, 2019

CFTC Issues No Action Relief Regarding Swap Dealer Rules

The Commodity Futures Trading Commission (CFTC) has granted no-action relief to registered floor traders from compliance with rules relating to the “swap dealer” definition. According to the CFTC’s swap dealer definition, a registered floor trader does not need to consider cleared swaps executed on or subject to the rules of a designated contract market (DCM) […]

FIA Advocates for Changes to Derivatives Reporting Rules

The Futures Industry Association (FIA) has published a new position paper that recommends a number of changes to how exchange traded derivatives (ETDs) are reported under European regulation. The FIA says in the paper that it fully supports the efforts by regulatory authorities to make the derivatives markets more transparent and safe, adding that the […]

Analysing oneZero’s New Investment

A decade after launching, oneZero secured new outside investment this week. Galen Stops takes a look at the logic behind this deal for all the parties involved. Earlier this week, Lovell Minnick Partners (LMP), a private equity firm focused on investments in the global financial services industry, completed a minority investment in oneZero Financial Systems. […]

Wright Exits Morgan Stanley

David Wright has left Morgan Stanley, according to market sources. Based in London, Wright had been with the bank for 16 years and at the time of his departure, was managing director and global head of Morgan Stanley Electronic Trading (MSET) macro. A spokesperson for the bank declines to comment or confirm his departure. Prior […]

Lumint Adds Six to Advisory Board

Lumint, which builds, implements and operates integrated currency overlay management systems, has added Martin Bednall, Mike Even, William Fideli, Robyn Grew, John Rohal and Damon Yuzon to its advisory board. Bednall has worked in financial services for nearly 25 years in various roles across investment management, trading and custody operations with BlackRock, Barclays Global Investors […]