MarketVoice News
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Global regulators back plan to overhaul financial benchmarks
The Financial Stability Board on July 22 published a report outlining reforms to major interest rate benchmarks such as Libor, Euribor and Tibor. One set of the recommended reforms is aimed at strengthening the existing "IBORs" and other reference rates based on unsecured bank funding costs by underpinning them with transaction data.
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Swaps transparency: new data from SEF trading
The swap market entered a new phase in February 2014 with the implementation in the U.S. of the trading requirements established by the Dodd-Frank Act. Under these requirements, trades in certain types of interest rate and credit default swaps must be executed on so-called “SEFs,” short for Swap Execution Facilities
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President's message March 2014
The recent troubles at the Korea Exchange have highlighted the urgent need for all of us in this industry to focus on global standards for clearinghouse risk.
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FIA Annual Volume Survey: Commodity and Interest Rate Markets Push Trading Higher in 2013
The last time we looked at the annual volume data, the numbers were stunningly negative. In 2012, the total number of futures and options traded globally fell by 15.3%, the biggest annual decline in more than a decade.
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Germany spells out details of algo flagging rule
Starting in April, all direct participants on Eurex will be required to comply with a new requirement to flag all orders generated by algorithmic trading with a distinct identification key.
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FIA Annual Volume Survey: The Invigorating Effects of Electronic Trading
“Derivatives are the highest financial life form on the planet…” was the opening of my dust jacket endorsement of Chris Culp’s recent book, Risk Transfer.
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FIA Annual Volume Survey: World Futures Volume Soars to New Highs... Again
I remember Rich Sandor, who was the guest speaker at a 10th anniversary celebration dinner sponsored by LIFFE, opening by likening himself to Elizabeth Taylor’s most recent husband. “I know what I’m supposed to do,” he said. “The challenge will be to make it interesting.”
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