Crypto Exchanges See Volume Highs in March

Cryptocurrency market data provider, CryptoCompare, reports that market turmoil last month resulted in volumes hitting an all-time high on March 13, and note that spot volumes have been surging since January despite plummeting institutional interest. The massive market crash on March 12th-13th saw daily volumes hit $75.9 billion in a single day (13th March) – the single […]
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CME to Reinforce FX Options Expiry Process

CME Group has announced changes to the way it calculates the fixing prices for 13 of its dollar-based FX option contracts. Currently CME calculates the fixing rate using three trades across its platforms in the one minute prior to 9am CT on a weighted basis. This is being increased to 20 trades from April 19, […]
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LCH Appoints Japan Head

Clearing house LCH has announced that Yutaka Imanishi has been appointed head of Japan effective immediately. Based in Tokyo, he reports to Kate Birchall, head of Asia Pacific for LCH. Imanishi is responsible for LCH’s business in Japan, including the CCP’s office in Tokyo. LCH is licensed in Japan for offering clearing services for non-Yen […]
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CME Moves to Fix the Gold Market Dislocation

With gold markets struggling to operate efficiently due to delivery concerns, CME Group has announced the launch of a new gold futures contract with expanded delivery options that include 100-troy ounce, 400-troy ounce and 1-kilo gold bars. The new contract is expected to launch with a first expiration of April 2020, pending regulatory approval and will […]
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Building on a Successful FX Platform Business

To read this article in full and watch the video, please register for free In the second part of his video Interview with Profit & Loss, LMAX Group CEO David Mercer talks to Colin Lambert about taking LMAX to the next level through the establishment of new exchanges where necessary and, most pertinently, building a […]
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CME Auctions Ronin’s Assets

CME Group Friday confirmed that, pursuant to its rules, CME Clearing auctioned off portfolios of Ronin, LLC when it could no longer meet capital requirements. Though Ronin is a direct clearing member, it does not handle customer business, so no clients were impacted by the auction, CME stated. Ronin Capital was a global, multi-strategy proprietary […]
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NFA Increases Minimum Security Deposits on FX

The National Futures Association (NFA) announced that, effective Monday at 5:00pm CT on March 22, the minimum security deposits required to be collected and maintained by FDMs on both new and existing positions will be increased on the Norwegian krone to 7% and Mexican peso ti 10%. NFA says the decision by the Executive Committee […]
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JPM Veteran Named as Euronext COO

Georges Lauchard has been named chief operating officer and member of the managing board of Euronext, pending all relevant corporate and regulatory approvals. He will oversee operational strategy, policies, and execution in support of Euronext’s ambition to become the leading market infrastructure in Europe and will take up his new role based in Paris on 17 […]
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Eurex Extends OTC Clearing Services to Japan

Japan’s Financial Services Agency (FSA) has granted Eurex Clearing a license as a “foreign financial instruments clearing organisation”. This extends Eurex’s central counterparty clearing services in the European Union and US, to include Japan as well. With the new license, Japanese financial institutions can directly access Eurex for swap clearing and combine their listed and […]
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Cross-Border Trading, Clearing Feature in New Derivatives Study

FIA today released a study on trading and clearing trends in derivatives markets. The study assesses market sentiment towards several major market structure trends, including the impact of capital requirements, the adoption of central clearing, the transition away from Libor, and the implementation of margin requirements on uncleared derivatives. The study includes insights on the views […]
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