When the European Commission launched its proposals to reform MiFID in October 2011, part of the reason was to implement some of the key principles of the reform program set out by the G20 leaders in response to the global financial crisis.
CONTINUE READINGJanuary's agreement on the final text of MiFID II marks an important milestone in the regulation of European commodity markets.
CONTINUE READINGNext-best-fits that express a trader’s interest will become the norm and having a technology solution that can quickly and easily display the menu of options available at any one time is set to become part of the new derivatives trader’s workflow.
CONTINUE READINGEurex launched in February the Eurex Mobile App for both iOS and Android phones
CONTINUE READINGCentral clearing requirements took effect in phases in the U.S., beginning with swap dealers and major swap participants in the earlier part of 2013, then commodity pools and private funds and finally other participants such as pension plans and accounts managed by third-party investment managers.
CONTINUE READINGThe last time we looked at the annual volume data, the numbers were stunningly negative. In 2012, the total number of futures and options traded globally fell by 15.3%, the biggest annual decline in more than a decade.
CONTINUE READINGAfter several years of work, officials from the European Parliament and the EuropeanCouncil have finalized the revised directive on markets in financial instruments (MiFID II) and a regulation on markets in financial instruments (MiFIR).
CONTINUE READINGThe recent troubles at the Korea Exchange have highlighted the urgent need for all of us in this industry to focus on global standards for clearinghouse risk.
CONTINUE READINGOn Feb. 7 FIA filed a 48-page comment letter in response to the Commodity Futures Trading Commission’s proposed position limits rule, warning that the proposal would have a “negative impact” on price discovery and liquidity and would “significantly restrict” the ability of market participants to rely on derivatives markets to hedge risk.
CONTINUE READINGFSB Consultation on Aggregation of OTC Data
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