FIA Europe submitted responses last week to ESMA consultation papers on technical advice on possible delegated acts and technical standards regarding the Market Abuse Regulation.
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CONTINUE READINGInternational regulators have issued guidelines on recovery plans for financial market infrastructure, part of a broader effort to prevent a disorderly failure of key infrastructure entities such as derivatives clearinghouses. The guidelines encourage financial market infrastructure entities to consider how they would handle a default by a major market participant, how they would replenish their financial resources, and other scenarios that could prevent such entities from continuing to provide critical services to the markets.
CONTINUE READINGOn Sept. 17, CFTC Chairman Tim Massad gave an update on the status of his talks with European regulators on the issue of clearinghouse recognition. Massad reaffirmed the CFTC’s view that “dual registration” is the right approach and said that the talks are now focused on avoiding conflicts and inconsistencies within that framework.
CONTINUE READINGThe European Energy Exchange, one of Europe’s leading markets for futures on power and gas, has contracted with Trading Technologies to provide the exchange’s trading participants with direct access via the internet. The two companies said the TT service can be used to access EEX markets for power derivatives, emissions spot and derivatives as well as coal and guarantees of origin. It replaces the service EEX currently provides, called EEX Direct Screen, and is expected to be rolled out to market participants during the fourth quarter. “It’s simple for the customers, they do not need any installation, just internet access and a current browser,” said Steffen Köhler, chief operating officer of the German exchange, which is majorityowned by Eurex.
CONTINUE READINGHong Kong Exchanges and Clearing will soon launch a new margin methodology as part of our Next Generation Post Trade Program. The methodology will be more sophisticated than the current methodology and is designed specifically to provide more efficient and accurate representation of portfolio risk exposure.
CONTINUE READINGTrading volume on U.S. options exchanges totaled 4.14 billion contracts in 2015, a 2.9% decrease from 2014.
CONTINUE READINGEvery day the Commodity Futures Trading Commission monitors some 300 million data records covering a range of market information such as time and sales transactions, futures and swaps positions, intraday trades and swap events.
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