Quintenz: CFTC Staff De Minimis Report Highlights Need for Change in Regulation

A staff report issued by the Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Overight (DSIO) has been seized upon by CFTC commission Brian Quintenz to support his argument that the use of notional amounts for the $8 billion de minimis threshold for firms to be considered Swap Dealers is misguided. Quintenz has […]
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TriOptima in Record Compression Run on Eurex

CME Group’s TriOptima says it has reduced notional outstanding at Eurex Clearing by 26% following a record compression run on June 26, 2019. The latest run, which equates to $3.9 trillion worth of cleared euro interest rate swaps (IRS) and forward rate agreements (FRAs), represents a 143% increase on the previous record of $1.6 trillion. […]
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Galinov Seeks to Lure Liquidity with Low Cost Trading

Dmitri Galinov, the founder and former CEO of FastMatch, is preparing to launch a new platform, called 24 Exchange, which he claims will offer market participants a more cost–effective way to trade with one another. “The problem that we’re trying to solve with 24 Exchange is that the cost of technology over the past decade […]
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SGX Creates New Structure, Names FICC Head

Singapore Exchange (SGX) has unveiled a new management organisation that the group says “capitalises on its strength as an international multi-asset exchange, to pursue growth opportunities and build scale in multiple asset classes”. With effect from July 1, four business and client units have been created to report to SGX CEO Loh Boon Chye – […]
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Bank of China Becomes SwapClear Member

Bank of China (UK) Limited, the firm’s UK entity, has joined LCH’s SwapClear service as its first clearing member from a Chinese banking group thus gaining access to clearing of interest rate derivatives. The bank will also act as a clearing broker, offering clearing services to its client base. In 2015, Bank of China became […]
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SGX Sees Record Volumes as Volatility Returns

Trading volumes on SGX’s FX futures hit an all-time in May, with $111.5 billion in notional value and over 1.84 million aggregate contracts traded. Year-on-year, May’s volumes represent a 49% growth in notional value and a 10% growth in aggregate contracts. SGX also saw a record for single day trading volume this month, with more […]
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Seed CX Partners with Caspian

Seed CX has integrated with Caspian, a crypto trading, portfolio and risk management platform. This partnership will allow the institutional investors using Caspian’s trading and portfolio management system – which includes an OEMS (order execution management system), PMS (portfolio management system), and RMS (risk management system) that covers the entire lifecycle of the trade – […]
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CLS Volumes Flat in May

The average daily volume (ADV) of FX trades submitted to CLS in May was $1.62 trillion, marginally down from the $1.63 trillion it reported in April. The ADV of FX swaps submitted to CLS in May was $1.19 trillion, down 4.14% month-on-month and down 5.3% year-on-year. The ADV of FX forwards trades submitted to CLS […]
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Moex Signs with Avelacom for More PoPs

Moscow Exchange has facilitated connectivity options for professional market participants and their clients from Asia and the Middle East by deploying new Points of Presence (PoPs) in collaboration with Avelacom, in data centres in Hong Kong, Singapore, Shanghai, Dubai and Mumbai. The firms say market participants have high speed access to Moex’s markets and data […]
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Not So Fast: A Look at Eurex’s New Latency Mechanism

Galen Stops takes a closer look at the new latency mechanism being introduced to FX and certain equity options products by Eurex, in a bid to improve the order book. Speed bumps seem to be the topic de jour in the listed derivatives markets just now, with the Intercontinental Exchange (ICE) winning approval to implement […]
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