More and more firms are outsourcing their trading infrastructure to external providers, creating new monitoring challenges for trading firms.
CONTINUE READINGEris Exchange has undertaken a massive expansion of its interest rate swap futures, doubling the range of maturities available and introducing a new set of forward-starting contracts.
CONTINUE READINGWith banks looking for ways to reduce capital charges for their derivatives exposures, clearinghouses are expanding their services aimed at “compressing” swap positions, reducing the overall notional amount and the number of contracts by removing offsetting exposures.
CONTINUE READINGThe Singapore Exchange’s clearinghouse plans to strengthen its protections against a clearing member default by increasing its own contribution to the clearing fund as well as clearing member contributions.
CONTINUE READINGIntercontinental Exchange announced on June 25 that ICE Futures Singapore and ICE Clear Singapore received regulatory approvals from the Monetary Authority of Singapore and that KGI Ong Capital, Phillip Futures and UOB Bullion and Futures were approved as the first three clearing members for its Singapore-based clearinghouse.
CONTINUE READINGFour examples of how technology vendors are bringing innovative solutions for financial services firms wrestling with cost pressures, legacy systems and new regulatory requirements.
CONTINUE READINGThe Hong Kong Securities and Futures Commission has set out the key controls needed when securities and futures firms receive client orders through instant messaging applications such as WhatsApp and WeChat.
CONTINUE READINGOn Jan. 22 NFA updated its regulations regarding customer protection requirements for futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisors.
CONTINUE READINGAs exchange floors have shut down and markets have become more electronic, avenues of entry to that world have changed, and opportunities to find jobs through relationships and networking have diminished.
CONTINUE READINGThe Commodity Futures Trading Commission has approved amended rules and a new interpretive notice filed by the National Futures Association intended to enhance protections for customers in the retail foreign exchange markets.
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