Global Futures, Options Volumes Hit Record Levels

FIA today released data for global futures and options trading in the first quarter of 2020 that shows the total number of contracts traded on derivatives exchanges worldwide rose to 11.41 billion, an all-time quarterly record and an increase of 43.2% over the first quarter of 2019. “The tremendous increase in trading volumes clearly demonstrates […]
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TradingScreen, Seed, Partner for Crypto Access

TradingScreen (TS) has announced a partnership and product integration between its order and execution management system (OEMS) Markts and digital asset exchange Seed Digital Commodities Market. The agreement will provide traders with access to new digital asset classes and currencies through a centralised network for institutional market participants. Additionally, TS says Markts will look to further […]
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ForexClear Hits Highs Amidst Raft of LCH Records

LCH’s ForexClear service has unsurprisingly reported a record quarter in Q1 as FX volumes more broadly sky-rocketed. The clearinghouse says the service cleared $5.4 trillion in notional, 25% higher than Q1 2019, of this $41.6$ was client notional, up more than four and a half times the same quarter in 2019. $162.1 billion in deliverable […]
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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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