The London Metal Exchange continues to upgrade LMEselect, the exchange’s electronic trading platform, as part of a broader strategy to attract more financial institutions to its markets.
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CONTINUE READINGIndia’s BSE is leveraging its technology partnership with Deutsche Boerse to offer a faster pathway for traders in Hong Kong and Singapore.
CONTINUE READINGExchange-for-physical transactions have been custom-tailored over-the-counter products until now, but Euronext is about to change that.
CONTINUE READINGOn March 31, FIA Asia and ASIFMA, a trade association representing international banks and brokers active in Asian markets, submitted a joint comment to the Monetary Authority of Singapore's consultation on proposed amendments to the Securities and Futures Act. The amendments were proposed in February as part of the ongoing effort to regulate over-the-counter derivatives as well as the need to keep the law up to date in light of market and international developments. The amendments include reforms relating to the regulation of OTC derivatives, including regulation of derivatives markets, trading and licensing of intermediaries, changes to types of regulated activities and the transfer of regulation of commodity derivatives.
CONTINUE READINGThe Autorité des Marchés Financiers, the French regulator, in July implemented position limits for agricultural commodity derivatives. The limits apply to futures and options based on milling wheat, rapeseed (canola), rapeseed meal, rapeseed oil and maize (corn) that are traded on a market regulated by the AMF or a foreign market that lists contracts with delivery in France. The new rules also include reporting requirements. Market participants are responsible for reporting their positions to AMF unless the positions have been reported already by a clearinghouse. AMF is using this data to publish a weekly aggregate report showing outstanding positions.
CONTINUE READINGR.J. O’Brien and Associates, the largest non-bank futures clearing firm in the U.S., announced on July 23 that its U.K. affiliate has been approved as a clearing member of the London Metal Exchange. The membership allows RJO to provide direct access to LME markets with both voice and electronic execution.
CONTINUE READINGOn July 24 the Financial Stability Board, the international body that coordinates financial sector reforms under the authority of the Group of 20 nations, published its ninth progress report on the global implementation of derivatives market reforms.
CONTINUE READINGU.S. regulatory agencies issued a joint report in July on their analysis of an extraordinary wave of trading in the Treasury market on Oct. 15. On that day, the prices of Treasury bonds and Treasury futures made a very large swing in just 12 minutes, with no obvious catalyst, prompting widespread concern about the potential for further volatility.
CONTINUE READINGThe Australian Securities Exchange has selected Nasdaq’s Sentinel Risk Manager solution to manage real-time risk across its two clearinghouses. The system is expected to be implemented in five phases over the next two years and will include real-time margin calculation, cross-margining calculations and related customer risk analytics.
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