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 […]
Read More »

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 […]
Read More »

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 […]
Read More »

MOEX to Acquire Stake in e-FX Platform

Moscow Exchange’s (MOEX) Supervisory Board approved the purchase of a minority stake in BierbaumPro AG and approved an agreement under which the exchange will consolidate ownership of up to 100% of BierbaumPro’s equity over a period of three years. The final price for 100% of the company’s equity will depend on BierbaumPro’s operational and financial […]
Read More »

LCH SwapAgent Hits $1 Trillion Notional

LCH says that its SwapAgent service, which acts as an independent calculation agent, by calculating and enabling market participants to exchange bilateral margin and settlement payments without the need for a central counterparty, has now surpassed the $1 trillion mark in notional registered. The service, which was launched in 2017, says the total number of […]
Read More »

In the FICC of It

Market structure dominates this week’s podcast as Colin Lambert goes to town on the SEC’s refusal to grant Cboe permission to implement a speed bump (and along the way take a few pops at the equity market structure of course), before touching upon news that the LSE-Refinitiv deal may be delayed and what that means […]
Read More »

And Another Thing…

Sometimes it just pays to have the odd rule in your trading ecosystem to protect you from when things – as they inevitably do – go wrong. The latest to discover this is Japanese crypto exchange Quoine, which this week lost an appeal against a ruling in Singapore that it wrongfully reversed seven crypto trades […]
Read More »

Commerzbank, DekaBank Join Trad-X Platform

Interest rate derivatives platform, Trad-X, added two German institutions to its dealer-to-client (D2C) electronic central limit order book (CLOB). Commerzbank will provide liquidity on Trad-X D2C and stream two-way pricing to a range of smaller banks and buy side clients on Eurex cleared instruments, while Frankfurt-based DekaBank joined the platform as a non-dealer. More than […]
Read More »

Eurex Clearing Expands Buy Side Sales

Nick Barnes will join Deutsche Börse Group as senior vice president for sales and relationship management on 1 March 2020, to concentrating on Eurex Clearing’s buy-side initiative. He will be based in London and report to Jonathan Lombardo, head of fixed income derivatives funding & financing sales, northern Europe. European Sales at Eurex is led […]
Read More »

SGX FX Futures See Robust Start to 2020

Singapore Exchange (SGX) reports strong January FX futures volumes. The exchange notes volume increases in both USD/CNH and USD/INR in particular. Total notional volume for FX futures during January was US$126 billion, a 17% increase from the $105 billion reported for January 2019. Meanwhile, the volume of contracts traded grew by 21%, from 1.9 million […]
Read More »
1 2 3 4 5 76 77 78 79 80

Profit & Loss is no longer publishing

Thank you for 21 great years of support