Central banks and market regulators in Europe, the U.K. and the U.S. are accelerating the transition away from the use of Libor as a benchmark for interest rates.
CONTINUE READINGOn August 2, around 26 million options orders were made and filled the way they have been for more than a decade now, with robots on either side and filled within nanoseconds.
CONTINUE READINGOn May 2, the Senate confirmed the nomination of Jay Clayton to serve as chairman of the Securities and Exchange Commission.
CONTINUE READINGTraders have always thought in terms of tides, waves and cliffs. Soon they will be able to actually see them in the markets.
CONTINUE READINGFinancial regulators use many techniques to carry out their responsibilities.
CONTINUE READINGEuroclear, one of the world's leading settlement houses, is pressing ahead with plans to introduce blockchain-backed gold products, with the goal of delivering reduced counterparty risk, lower capital requirements and increased operational efficiencies.
CONTINUE READINGIn the paper “Stress This House,” LCH proposed a stress testing regime for central counterparties that would enable members to draw meaningful comparisons among CCPs, regardless of the variations due to product portfolio, margin models, confidence levels, default fund structure, assessments levels, etc.
CONTINUE READINGOn March 22, the Securities and Exchange Commission approved a rule that will shorten the standard settlement cycle for most securities transactions to T+2 from T+3. Broker-dealers will be required to comply with the shorter settlement cycle beginning on Sept. 5.
CONTINUE READINGThe Japan Securities Clearing Corporation has implemented several changes to its clearing rules for listed derivatives to enhance its clearing services and to introduce practices adopted by other major global clearinghouses.
CONTINUE READINGIn January, the Commodity Futures Trading Commission issued a proposal to update and modernize Rule 1.31, which sets out certain recordkeeping requirements for futures commission merchants, commodity pool operators, trading firms that are exchange members, and other market participants.
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