A perpetual, or perp in industry speak, has no stated expiry date, allowing a party to hold a position until offsetting it to terminate the exposure. They are cash settled trades that provide leveraged exposure to the spot price of an asset, as opposed to providing exposure to a price in the future.
CONTINUE READINGIndia's National Commodity and Derivatives Exchange, the country's largest agricultural commodities trading venue, is gearing up to launch equity and equity derivatives trading on its platform after receiving preliminary approval from the country’s markets regulator this summer. NCDEX is the latest Indian exchange to expand to this asset class.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGBracewell addresses issues covering CFTC/DOJ prosecution of Commodity Exchange Act Violations for Non-US Conduct and UK and EU developments.
CONTINUE READINGNanhua Financial (UK) Co. Limited is a global broker specialising in commodity and financial futures, headquartered in London. The firm’s core activities include trading, execution and clearing of metals, agricultural, and energy commodity futures, as well as currency futures and options on futures.
CONTINUE READINGThe Trump administration's significant personnel and policy changes across the federal government's financial regulatory agencies have sparked a response from State regulatory and enforcement officials who possess significant sovereign authority independent of the federal government. Lawyers from WilmerHale explain how this shift could impact financial markets and CFTC registered entities.
CONTINUE READINGFIA President and CEO Walt Lukken today participated in a joint meeting of the two main market regulators in the US – the Securities and Exchange Commission and the Commodity Futures Trading Commission. The joint meeting was organized for the purpose of promoting better collaboration between these two agencies, a goal that FIA has long championed as critical to effective oversight and intelligent regulation.
CONTINUE READINGFIA appreciates the opportunity to provide feedback to the European Central Bank (ECB) Consultation Paper on the extension of T2 (formerly TARGET 2) operating hours. In the short term, FIA Members suggest moving to a 23 hours / 5 days a week T2 payment settlement model for use on a voluntary basis, with the T2 closing window being reduced to one hour.
CONTINUE READINGWith the release of a new DMIST standard, the industry now has a framework to accelerate processing times, more efficiently collect the data needed to effect the position transfer and set the stage for automating the process. Representatives from brokerage firms, clients and clearinghouses will share their insight on how clients, clearing members and clearinghouses can work together to streamline the Position Transfer process and reduce risk.
CONTINUE READINGFIA EPTA has responded to HM Treasury and to the Financial Conduct Authority in parallel consultations on reforms to the Senior Managers & Certification Regime. FIA EPTA members strongly support reform of the SMCR as a unique opportunity to support the UK’s competitiveness and growth objectives.
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