The Financial Stability Board, which was established by the Group of 20 leaders to coordinate the post-crisis financial reforms, reappointed Mark Carney for a second three-year term as chairman.
CONTINUE READINGWhen the European Commission launched its proposals to reform MiFID in October 2011, part of the reason was to implement some of the key principles of the reform program set out by the G20 leaders in response to the global financial crisis.
CONTINUE READINGOn April 3 James Giddens, the bankruptcy trustee overseeing the liquidation of MF Global Inc., announced a final distribution of assets he expects will fully satisfy all claims of former MF Global customers.
CONTINUE READINGSeveral exchanges are preparing to launch an array of swap futures in the coming months aimed at participants in the European swaps markets.
CONTINUE READINGThe approach to mandatory clearing of over-the-counter derivatives in Europe has not mirrored the swifter, more structured approach seen in the U.S., where the Dodd- Frank Act resulted in the start of mandatory clearing from early 2013.
CONTINUE READINGIt’s no secret that the global energy markets have imploded over the past six months with prices of crude oil reaching levels not seen since the crash of 2009.
CONTINUE READINGCentral clearing requirements took effect in phases in the U.S., beginning with swap dealers and major swap participants in the earlier part of 2013, then commodity pools and private funds and finally other participants such as pension plans and accounts managed by third-party investment managers.
CONTINUE READINGNext-best-fits that express a trader’s interest will become the norm and having a technology solution that can quickly and easily display the menu of options available at any one time is set to become part of the new derivatives trader’s workflow.
CONTINUE READINGOn Dec. 11 FIA submitted an extensive response to the Commodity Futures Trading Commission’s “Concept Release on Risk Controls and System Safeguards for Automated Trading,” which was issued in September as part of a broad examination of the impact of technology on U.S. futures markets.
CONTINUE READINGNestled in a non-descript office building in the Northern Virginia suburbs of Washington, D.C. is a trading platform, Nodal Exchange, that handles nearly 14% of all U.S. power futures trading.
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