Appointments, 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.
CONTINUE READINGInnovation in derivatives - new products, new technologies, new services
CONTINUE READINGLouis Moore Bacon is considered one of the top traders in the world and his name has long been synonymous with the big success stories in the futures industry.
CONTINUE READINGGeorge Haase was president of the New York Clearing Corporation, a position he hadheld since 1993.
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