LCH.Clearnet is gearing up to launch Spider, a new portfolio margining tool that will reduce margin requirements for interest rate derivatives by looking for offsets between listed and over-the-counter positions.
CONTINUE READINGSmall and mid-sized banks now have an electronic marketplace to lend and borrow short-term funds.
CONTINUE READINGEurex Clearing in November launched its Prisma Margin Estimator, a free service that allows clearing members and their clients to estimate initial margins for futures, options and swaps.
CONTINUE READINGIn a move to expand services to Europe's energy markets, Intercontinental Exchange announced on Nov. 16 that it reached an agreement to acquire Trayport for $650 million.
CONTINUE READINGOn Nov. 5, FIA submitted jointly with two other trade associations, the International Swaps and Derivatives Association and the Asia Securities Industry & Financial Markets a written response to the consultation published by the Hong Kong Monetary Authority and the Securities and Futures Commission regarding the introduction of mandatory clearing of OTC derivatives, which is expected in mid-2016, and the expansion of the existing trade reporting regime.
CONTINUE READINGBloomberg Tradebook in December announced several upgrades to its multi-broker platform for trading futures.
CONTINUE READINGCME Group has expanded the range of products covered by its “Basis Trade at Index Close” facility, a move aimed at addressing the needs of institutional investors.
CONTINUE READINGTwo technology vendors, GlobalRisk and Interactive Data, are collaborating on a project to help the Commodity Futures Trading Commission improve its ability to assess and monitor market risk exposures in real time.
CONTINUE READINGICAP in November entered into an £1.1 billion ($1.63 USD) agreement to sell its brokerage business to Tullett Prebon. Although ICAP will retain some ownership of the combined company, the move marks a decisive shift away from ICAP's origins as a voice broker. Going forward, the company will focus primarily on two main lines of business: post-trade services and electronic markets.
CONTINUE READINGThe Commodity Futures Trading Commission on Dec. 16 approved a final rule setting margin requirements for uncleared swap transactions.
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