Steven Maijoor, the chairman of the European Securities and Markets Authority, called for "an ambitious EMIR review" in a Jan. 23 speech in Amsterdam.
CONTINUE READINGOn Feb. 3, President Trump issued an executive order outlining seven core principles for financial market oversight and calling on regulators to review existing laws and regulations to determine if they promote these principles.
CONTINUE READINGIn February, Fidessa announced that its front-end trading system will incorporate innovative charting services provided by ChartIQ, a fintech startup that offers HTML5 data visualization.
CONTINUE READINGThe Securities and Futures Commission of Hong Kong signed a memorandum of understanding on Jan. 18 with the Securities and Exchange Commission of the U.S. providing for consultation, cooperation and the exchange of information regarding the supervision and oversight of regulated entities that operate on a cross-border basis in the two jurisdictions.
CONTINUE READINGCanada is set to implement mandatory clearing for interest rate swaps and certain other OTC derivatives in April, following the finalization of two sets of rules on Jan. 19 that spell out what instruments and which entities are subject to the new requirements and strengthen the protections around customer positions and assets.
CONTINUE READINGOn Jan. 19, the Securities and Exchange Board of India published a consultation paper that clarifies a key issue blocking the introduction of exchange-traded commodity options.
CONTINUE READINGJust before Thanksgiving, the Chicago trading community joined together with some of the city’s leading tech and start-up firms to raise money for technology education… and battle for table tennis glory.
CONTINUE READINGThe Japan Securities Clearing Corporation, the clearinghouse owned by the Japan Exchange, has extended the availability of its cross-margining service to customers.
CONTINUE READINGThe process by which the U.K. will leave the European Union, known as Article 50, is on course to be triggered by the end of March, following a vote in favor of the Article 50 Bill by the British members of Parliament on Feb. 8, endorsed by the House of Lords later in the month after thorough debate.
CONTINUE READINGThe Depository Trust and Clearing Corporation in January selected IBM, Axoni, and R3 to build a distributed ledger to handle certain post-trade processing functions for credit derivatives.
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