Derivatives
LedgerX co-founders and senior executives, Paul Chou and Juthica Chou, have been placed on administrative leave by the board of directors of the platform’s parent company, Ledger Holdings. The board has installed Larry Thompson, formerly vice chairman of the Depository Trust & Clearing Corporation (DTCC), as interim CEO and lead director of the firm. Paul […]
Amidst a period of poor performance by CTAs, speakers at Forex Network Chicago discussed how these firms should be adapting to a period of sustained low volatility. The panellists all agreed that a large part of the reason why CTA returns have been so low since the financial crisis — with the exception of 2014 […]
Siemens Gamesa Renewable Energy (SGRE) says that it has arranged ”sustainable” FX hedging contracts, totalling €174 million, with BNP Paribas. These are the first FX hedging deals to be arranged under BNP Paribas’s new sustainable derivatives platform, which is linked to the United Nation’s (UN) Sustainable Development Goals (SDG). In a release announcing this news, SGRE […]
A new report published by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO), identifies key criteria, functions and bodies for the governance arrangements for a set of critical data elements for OTC derivative transactions reported to trade repositories, excluding the Unique Transaction Identifier (UTI) and the Unique […]
CME Group has announced plans to launch options on its bitcoin futures contracts in Q1 2020, pending regulatory review. “Based on increasing client demand and robust growth in our bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” says Tim […]
Hong Kong Exchanges and Clearing (HKEX) has made a proposal to the board of the London Stock Exchange Group (LSEG) to combine the two companies in a deal worth £31.6 billion. This deal would scupper the proposed $27 billion deal for LSEG to buy Refinitiv. “LSEG and HKEX are two of the world’s premier market […]
Don Byron has joined the Futures Industry Association (FIA) as head of global industry operations and execution. In this role, he will be responsible for developing and implementing industry solutions relating to clearing operations, execution technology, cybersecurity and market structure issues and will be the principal FIA liaison with the divisions and committees representing these […]
Societe Generale (SG) is now supporting Eurex FX futures, from clearing to trading. SG’s clients will now be able to trade FX on Eurex, while any of the exchange’s clients will be able to execute bilaterally off-exchange against the bank or to move between OTC FX and listed FX using exchange for physical (EFP). Chris […]
As he begins his term today as the 14th chairman of the US Commodity Futures Trading Commission (CFTC), Heath Tarbert says that he intends to “hit the ground running”. “America’s futures, swaps, and options markets are the global standard. Their integrity is essential to the economic security of every American, particularly our farmers and ranchers. […]
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 […]
