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The electronification of interest rate swap trading
Matthew Scott is head of global rates, securitized assets and currency trading on the U.S. taxable bond trading desk at AllianceBernstein, an investment management firm with more than $500 billion in assets under management. He has been trading interest rate swaps for 13 years and has seen tremendous changes in his business, especially since the financial crisis. A large part of the changes came about as the result of the regulatory response to the crisis and the requirement that most swap trades be cleared.
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Eurex builds out clearing solution for interest rate swaps
Eurex Clearing is starting to gain traction in its efforts to attract more business to its clearing service for interest rate swaps. Clearing volumes in the first two months of the year were running at about three times the level of a year ago, reflecting the continued onboarding of new clients and several enhancements to the clearing service.
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Tying the knot: New directions in capital markets M&A
Market infrastructure is hot again.
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People News: February/March 2019
Jean-François Grégoire, Frank Drouet, Mel Gunewardena, Andrew Busch, Gabriel Benincasa, Jay Clayton, Etienne Amic, Wilfred Yiu, Charles Li, Calvin Tai, Roger Lee, Bipin Patel, Romnesh Lamba, Roland Chai, Nic Maalouf...
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EEX strengthens green energy push with Grexel acquisition
The European Energy Exchange has acquired Grexel Systems, a leading European energy certificate registry and a key service provider to the clean power industry. The acquisition, which was announced in December and closed in early February, is intended to complement the German exchange’s strengths in the European electricity and emissions markets and position the exchange to play a bigger role in Europe’s transition to a clean energy economy.
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TAIFEX delivers a stellar performance and hits an all-time trading record in 2018
Overall trading volumes on the Taiwan Futures Exchange reached another all-time record in 2018. More than 308 million contracts were traded, an increase of 16% compared to the previous year. In addition to growth in the exchange's core products, two other distinct factors also contributed to this exciting growth: the popularity of TAIFEX's night session, which more than doubled compared to 2017, and the expanding participation of international investors, who now account for 20% of the exchange's total volume.
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FIA provides recommendations to CFTC on crypto-asset derivatives
On Feb. 15, FIA responded to a request from the Commodity Futures Trading Commission for input on crypto-asset mechanics and markets.
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Options forges alliance with Technancial for real-time risk analytics
Options, the global financial technology managed services and IT infrastructure provider formerly known as Options IT, has struck a deal with the Technancial Company, maker of the Janus risk management platform. The deal brings Technancial’s solution to more than 250 firms using managed services provided by Options. Those customers include investment banks, hedge funds and private equity groups.
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Miami International to launch third options market
On March 1, Miami International Holdings will launch its third options market, the sixteenth such venue in an increasingly crowded field. The new market, called MIAX Emerald, continues the company’s strategy of adapting to the evolution of market structure in the U.S. equity options marketplace.
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HSBC expands futures custody business in China
HSBC has become the first foreign bank to offer futures margin depository services to overseas investors trading iron ore futures in China. On Jan. 29, the bank announced it has received approval from the Dalian Commodity Exchange, China's second largest futures exchange, to offer futures margin depository services. With its new license, traders outside China can set up settlement accounts at HSBC to support their trading on DCE. DCE is the second futures exchange in China to win government approval to offer one of its products directly to overseas investors. The first was the International Energy Exchange in Shanghai, which launched a crude oil futures contract in March 2018 that was designed specifically to attract international participation. In both cases, the government is hoping to strengthen the market's ability to provide price discovery and risk management tools for one of China's most important commodity imports.
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