Appointments, promotions and other people news in the derivatives industry
CONTINUE READINGFIA and the International Swaps and Derivatives Association (ISDA) responded to ESMA's Consultation Paper reviewing Article 26 of RTS No 153/2013 with respect to the margin period of risk (MPOR) for client accounts.
CONTINUE READINGMatthew 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.
CONTINUE READINGFutures and options volume passed 30 billion contracts in 2018
CONTINUE READINGEurex 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.
CONTINUE READINGMarket infrastructure is hot again.
CONTINUE READINGAs the concept of responsible investing rises in popularity, the derivatives industry is responding. The most recent examples are in Europe, where two leading exchanges have launched futures on stock market indices that meet environmental, social and governance standards.
CONTINUE READINGINTL FCStone, which owns one of the largest independent futures brokers in the U.S., has set its sights on Asia. On March 19, the firm announced a deal with Singapore's United Overseas Bank to buy its futures trading and clearing business. Once the deal closes, INTL FCStone plans to establish a full-service brokerage in Singapore and use it as the foundation for expanding its presence in the region.
CONTINUE READINGJean-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...
CONTINUE READINGThe 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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