FIA submitted a letter to the Department of the Treasury today in response to Executive Order 13777 which calls for feedback on regulations that should be modified or eliminated.
CONTINUE READINGBestEx Research provides high-performance execution algorithms for Futures, FX and equities. It differentiates itself from banks and brokers with its unique, systematic approach to lowering transaction costs. BestEx Research also offers its clients complimentary access to its cloud-based Algo Management System (AMS) that offers complete transparency into algorithm behavior, pre-trade analytics, real-time TCA, tools for developing custom strategies, and a backtesting solution. BestEx Research offers its algorithms directly to clients or via sponsored access through other banks.
CONTINUE READINGThe Zhengzhou Commodity Exchange and Dalian Commodity Exchange have opened several key commodity futures and options contracts to overseas traders, capping off a year that has seen China take significant steps to remove barriers to international participation.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry.
CONTINUE READINGTrading volume on swap execution facilities reached $748.4 billion in average notional value per day during December 2022. This was down 3.6% from the previous month but up 35.5% from the same month of the previous year.
CONTINUE READINGThe European Commission has proposed that firms subject to the EU clearing obligation should have an active account at an EU CCP, while giving the European Securities and Markets Authority the power to define the portion of certain euro- and Polish zloty-denominated contracts that should be cleared through those accounts via secondary regulation. Changes to capital rules would reinforce this, making it less commercially viable for EU market participants to clear through CCPs based outside the EU.
CONTINUE READINGGlobal cleared derivative markets are made up of a wide variety of participants, from different geographies and different business disciplines. But surprisingly, many of my conversations to start 2023 have focused on a few key priorities.
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