Trafigura, the global commodity trading house, is experimenting with a distributed ledger system for processing trades in crude oil.
CONTINUE READINGAs risk management continues to become an increasing priority for global markets, central clearing has emerged as a proven, transparent solution for managing counterparty risk and reducing systemic risk.
CONTINUE READINGThe derivatives industry has played a key role in allowing market participants to safely and efficiently manage their risks during normal market conditions and stress events for over 100 years
CONTINUE READINGOn May 1, FIA and the FIA Principal Traders Group submitted a joint comment letter opposing overly prescriptive regulation of automated trading.
CONTINUE READINGDeutsche Börse has added market data from the Taiwan Futures Exchange to its offering, making it possible for its customers to incorporate Taifex data into their systems.
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.
CONTINUE READINGOn March 15, Chris Giancarlo, the acting chairman of the Commodity Futures Trading Commission, announced a three-pronged plan to renovate derivatives regulation that he called Project KISS, which stands for “keep it simple, stupid.”
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