MarketVoice News
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OTC Clearing: KRX Extends Clearing to Dollar Swaps
Korea Exchange announced in June that it will start clearing interest rate swaps denominated in U.S. dollars in November. KRX, which has been clearing interest rate swaps denominated in Korean won since June 2014, estimated that about 12% of the Korean interest rate swap market is denominated in U.S. dollars.
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Deutsche Boerse/LSE
Deutsche Boerse and London Stock Exchange Group on Aug. 24 formally submitted their proposed merger to the European Commission's antitrust division for approval.
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Stamp of approval for cross-border clearing
ESMA Recognizes First U.S. Clearinghouse
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India considers restrictions on automated trading
The Securities and Exchange Board of India, the country's primary regulator of financial and commodity markets, is considering a wide range of measures to restrict high-frequency trading.
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Feeling the squeeze
In the face of falling trading volumes, the London Metal Exchange has cut certain trading fees by 44% and introduced several structural changes designed to lower customers’ trading costs.
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Ensuring liquidity
The Commodity Futures Trading Commission on Aug. 8 announced several actions intended to address the impact of amendments to money market fund rules adopted by the Securities and Exchange Commission.
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Cyber security for market infrastructure
On June 29, the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions released a set of guidelines for strengthening cybersecurity at exchanges and other financial market infrastructures.
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Clearing exclusion
FIA submitted a comment letter to the Federal Reserve on Aug. 5 supporting a proposed rule impacting a handful of large U.S. banks that are deemed to be systemically important at a global level.
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Protecting the secret sauce
Members of Congress from both sides of the aisle are questioning a proposal from the Commodity Futures Trading Commission that would give the agency the ability to get access to the computer code that underpins automated trading systems.
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Platform migration
ASX, the Australian securities exchange, plans to launch the first phase of a new electronic platform in November.
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