Two technology vendors, GlobalRisk and Interactive Data, are collaborating on a project to help the Commodity Futures Trading Commission improve its ability to assess and monitor market risk exposures in real time.
CONTINUE READINGSmall and mid-sized banks now have an electronic marketplace to lend and borrow short-term funds.
CONTINUE READINGIn December the Reserve Bank of India issued guidelines for introduction of additional futures and options based on foreign currencies, a move that could lead to a major expansion in the volume of currency derivatives traded on India's exchanges.
CONTINUE READINGThe effective date for European Union’s new derivatives rules is more than a year away, but Orc is hard at work developing technology to help traders comply with the Markets in Financial Instruments Directive II and the new Markets in Financial Instruments Regulation.
CONTINUE READINGOn Dec. 11, the Securities and Exchange Commission voted by a 3-1 margin to issue a proposed rule limiting how much investment companies such as mutual funds and exchange-traded funds can invest in derivatives such as futures, forwards and swaps.
CONTINUE READINGICAP in November entered into an £1.1 billion ($1.63 USD) agreement to sell its brokerage business to Tullett Prebon. Although ICAP will retain some ownership of the combined company, the move marks a decisive shift away from ICAP's origins as a voice broker. Going forward, the company will focus primarily on two main lines of business: post-trade services and electronic markets.
CONTINUE READINGIn a move to expand services to Europe's energy markets, Intercontinental Exchange announced on Nov. 16 that it reached an agreement to acquire Trayport for $650 million.
CONTINUE READINGOn Dec. 1, the European Commission finalized the dates for implementing the first set of mandatory clearing requirements for over-the-counter derivatives.
CONTINUE READINGOn Dec. 4, President Obama signed into law a transportation bill that includes a provision removing a barrier to the sharing of data on swap trading.
CONTINUE READINGEfforts are underway in Europe and the U.S. to strengthen industry protections against attacks on computer systems.
CONTINUE READING