Tag: Futures

Futures

Gold Market Dislocates as Physical Supply Hit

Dealers are reporting a dislocation in the spot gold market as the basis risk between futures and physical has blown out over physical delivery concerns. One source reports prices up to 30 big figures wide on some platforms quoting physical while the Comex futures spread remains locked around 30 cents wide. The problem stems from […]

FIA Tech Selects Baton for Futures Payments

FIA Tech, which provides fintech solutions for the futures industry, has selected post-trade service provider Baton Systems, to accelerate brokerage payments and shorten the settlement cycle for its customers. Historically, futures brokers have been burdened by long collection periods, increased costs and write-offs with disparate and error-prone processes across the global network of futures exchanges, […]

Global Exchange Traded FX Growth Anemic in 2019

The volume of exchange traded currency futures and options traded in 2019 grew just 0.2% compared to the previous year, according to new data from the Futures Industry Association (FIA). In total, 3.9 billion currency futures and options were traded on exchanges last year. This means that in percentage terms, this segment – which accounted […]

Geopolitics Drives Record 2019 FX Volumes for SGX

SGX saw record volumes in its FX futures during 2019, which it credits to heightened trading activity due to geopolitical factors. The exchange is reporting aggregate FX volumes of $1.3 trillion for 2019, up 44% from $914 billion in 2018, with a total of 23.5 million futures contracts traded on its platform last year, a […]

SocGen Begins Supporting Eurex FX Futures

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 […]

And Another Thing…

Spoofing is a strange thing; some could argue it is part of a best execution policy when trying to fill a very large order, others that it is criminal activity, and both would have valid points – but is it fraud? I have no wish to get into the legal technicalities, especially around US law, […]

LedgerX Gets Nod for Physically Settled Bitcoin Derivatives

The US Commodity Futures Trading Commission (CFTC) has approved LedgerX, a cryptocurrency trading venue, as a Designated Contract Market (DCM). This will allow LedgerX to offer bitcoin spot and physically settled derivatives contracts to retail clients, which it plans to do through its new platform, LedgerX Omni. Founded in 2014, LedgerX obtained approval to act […]

And Finally…

Have we finally hit the wall in terms of our willingness, as a broad financial markets industry, to accept the continued race to cut a few microseconds off the speed of trading? I suspect we may have, for as P&L editor Galen Stops’ articles on speed bumps in the listed derivative world have highlighted, this […]

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 […]