R. J. O’Brien, the largest independent futures broker in the U.S., has launched a new service providing agricultural structured products to its clients, the company’s first venture into this area.
CONTINUE READINGCommodity market participants raise concerns that Europe’s new rules to implement MiFID will impact their ability to trade in commodity derivatives.
CONTINUE READINGMembers of the futures industry have a long history of rising to challenges placed before them. And when that challenge is made in the name of supporting one of their peers and friends, especially in a fun but competitive environment, all the better.
CONTINUE READINGThe UK’s Financial Conduct Authority, Bank of England and Gemany's BaFIN have issued statements providing transitional periods for ICE Futures Europe, London Metal Exchange, LME Clear and Eurex Clearing in relation to open access requirements under MiFIR, which came into effect today.
CONTINUE READINGTake a look back over the highlights of IDX 2015. With keynote speakers Verena Ross (Executive Director of ESMA) and Timothy Massad (CFTC Chairman) and panels from exchange leaders, clearers and regulators, it certainly was a packed programme.
CONTINUE READINGStarting in April, all direct participants on Eurex will be required to comply with a new requirement to flag all orders generated by algorithmic trading with a distinct identification key. In December, the exchange supervisory authority of Hesse, which oversees Eurex, addressed a key issue: how should market participants determine what types of trading will be subject to this new requirement.
CONTINUE READINGThe Financial Stability Board on July 22 published a report outlining reforms to major interest rate benchmarks such as Libor, Euribor and Tibor. One set of the recommended reforms is aimed at strengthening the existing "IBORs" and other reference rates based on unsecured bank funding costs by underpinning them with transaction data. "By end-2015, administrators should have publicly consulted on any recommended changes, while currency groups will work to develop transition strategies and address any legal obstacles and risks," the FSB said.
CONTINUE READINGFIA’s annual survey of derivatives exchange volume revealed that the total number of futures and options traded on exchanges worldwide reached 25.22 billion contracts in 2016. Although that was only 1.7% higher than the previous year, the increase in the number of contracts traded was enough to set a new annual record for the derivatives exchange industry. The previous high was set in 2011, when total volume reached 24.98 billion. The annual survey includes tables and charts showing exchange and contract rankings as well as breakdowns by region and asset class, and the underlying data can be downloaded directly from the website in Excel format. Read Now
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