The Reserve Bank of India released a report in February recommending the introduction of interest rate options so that banks and corporates can hedge their interest rate risks. The report, which was drafted by a working group constituted by the central bank, said the market should start with relatively simple products such as calls, puts, caps, floors, collars and swaptions. The report also recommended allowing these products to be offered as both exchange-traded products and over-the-counter derivatives. The central bank said final guidelines will be issued by the end of March, taking into account feedback on the report.
CONTINUE READINGThe London Metal Exchange in February unveiled its newly built Ring, the exchange's open-outcry trading floor, after relocating to Finsbury Square in London. The Ring has moved four times since it was established above a hat shop in Lombard Court in 1877. The latest move is the next step in the modernization of the metals exchange, which was acquired by HKEX in 2012.
CONTINUE READING8th Annual FIA Europe International Derivatives Expo - Delegates network at the International Exchanges Luncheon.
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CONTINUE READINGOn March 21, the Hong Kong Monetary Authority announced the establishment of a new “Fintech Facilitation Office” to facilitate the development of the financial technology ecosystem in Hong Kong and to promote Hong Kong as a fintech hub in Asia. The new office will act as an interface between market participants and regulators within the HKMA, as an initiator of industry research in potential application and risks of fintech solutions and as a platform for exchanging ideas and conducting outreach activities.
CONTINUE READINGIDX 2016 - 9th Annual FIA International Derivatives Expo and Futures for Kids Charity Gala
CONTINUE READINGL&C 2016: 38th Annual Law & Compliance Conference on the Regulation of Futures, Derivatives and OTC Products
CONTINUE READINGKorea Exchange announced in June that it will start clearing interest rate swaps denominated in U.S. dollars in November. KRX, which has been clearing interest rate swaps denominated in Korean won since June 2014, estimated that about 12% of the Korean interest rate swap market is denominated in U.S. dollars.
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