Euroclear, 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 READINGTrafigura, the global commodity trading house, is experimenting with a distributed ledger system for processing trades in crude oil. In March it announced that it is working with Natixis, a French bank, and IBM to develop a platform that will digitize crude oil trades, and said the new system will offer "improved transparency, enhanced security and optimized efficiency. The system is hosted on IBM's cloud platform, Bluemix, and is built on an open source network called Hyperledger Fabric.
CONTINUE READINGBOCA 2017: 42nd Annual International Futures Industry Conference
CONTINUE READINGThe Securities and Exchange Board of India announced it will issue unified licenses to brokers and clearing members to transact in both commodity derivative and equity markets. This follows the merger of the Forward Markets Commission, which regulates commodity markets in India, and SEBI in September 2015. Previously, separate legal entities were required for the different businesses. Additionally, SEBI proposed to permit hedge funds to invest in commodity derivatives and said it will soon permit exchanges to offer commodity derivative options.
CONTINUE READINGTwo influential regulatory officials have indicated that they share the widespread concerns within the derivatives industry regarding the impact of Basel III capital requirements on clearing firms. Although they expressed these views as individuals, their comments suggest that banking regulators are recognizing that the treatment of cleared derivatives under Basel III should be reviewed.
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 2.061 billion contracts in the month of December, down 9.7% from the previous month and down 1.4% from December 2016.
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 2.276 billion contracts in the month of November, up 13.5% from the previous month and down 4.6% from November 2016.
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 2.006 billion contracts in the month of October, down 10.2% from the previous month and up 13.1% from October 2016.
CONTINUE READINGActing CFTC Chairman Christopher Giancarlo delivers his keynote address to FIA's 42nd Annual International Derivatives Industry Conference in Boca Raton, Fla.
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