First launched in 2016 by BitMEX, the crypto industry has popularised perpetual futures contracts in offshore markets with increasingly strong interest. Bloomberg reported monthly volumes jumped from $35 billion in January 2018 to $6.4 trillion in May this year, according to CoinDesk Data. However, this product did not arrive in the US until this summer, when Coinbase filed self-certifications for two perpetual futures contracts in June. And while the Commodity Futures Trading Commission did not object, the oversight agency also has not set any specific guidelines or rules for this novel product.
CONTINUE READINGFor years, Wall Street banks kept stablecoins at arm’s length. But now, even the most conservative parts of traditional finance are starting to recognise their potential. It feels like a seminal moment, but, as always with technological innovation, there are risks and challenges and questions of hype vs reality.
CONTINUE READINGWith the release of a new DMIST standard, the industry now has a framework to accelerate processing times, more efficiently collect the data needed to effect the position transfer and set the stage for automating the process. Representatives from brokerage firms, clients and clearinghouses will share their insight on how clients, clearing members and clearinghouses can work together to streamline the Position Transfer process and reduce risk.
CONTINUE READINGThe European Commission intends to propose empowering the European Securities and Markets Authority as the central supervisor for the EU’s most significant cross-border entities – including central counterparties, central securities depositories, large trading venues and crypto exchanges. The formal proposal is expected in the coming weeks. If ESMA is to assume direct supervision, its governance framework will need to evolve in step with its expanded mandate.
CONTINUE READINGEstablished in 2008 as a platform for currency derivatives, MSE has evolved into a multi-asset exchange offering equity cash, equity derivatives and currency derivatives, anchored by its flagship benchmark index, the SX40. Backed by a diverse mix of institutional shareholders and strategic market participants, MSE combines product innovation and technology-first infrastructure with the credibility of established capital market partners, offering an alternative in India’s dynamic exchange ecosystem.
CONTINUE READINGWhether you're a futures industry professional, commercial hedger, fund manager or professional trader, it is important to understand the critical role that clearing plays in reducing the risk of counterparty default, guaranteeing the financial performance of all contracts and safeguarding customer funds. Instructor, John P. Davidson whose leadership roles at both futures and equities clearinghouses and global intermediaries make him uniquely qualified to teach this course.
CONTINUE READINGFIA comes to Taipei in August 2023 where we will discuss regional and local issues and developments impacting the use of listed and cleared derivatives.
CONTINUE READINGConnect with legal & compliance professionals in the cleared derivatives industry at L&C 2025, taking place 23-25 April at the at the Gaylord National Resort.
CONTINUE READINGFrom more aggressive use of “cooperation factors” to extensive undertakings that impose monitors or require the use of external consultants, financial regulators have changed how they pursue and how they ultimately conclude their enforcement matters.
CONTINUE READINGJoin us for a discussion on annual trends in trading activity in the global futures and options markets.
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