Derivs - Clearing and Exchanges

Eurex is launching inter-product spread strategies for fixed income futures to meet demand from buy-side investors and proprietary trading firms.

The World Federation of Exchanges has warned that the European regulator’s proposals for EMIR 2.2 risk fragmenting global markets, raising costs for end users and damaging international relations.

India’s Bombay Stock Exchange has launched trading in interest rate options linked to the country’s government bonds.

The Global Association of Central Counterparties (CCP12) has warned against further regulation of default management auctions and the risk of adopting a “one-size-fits-all” auction approach to central counterparty clearing houses (CCPs).

India’s National Stock Exchange and Singapore Exchange have received the initial greenlight to bring together the trading of Indian equity index products at a hub in Western India. The move aims to create a larger pool of liquidity comprising both international and Indian market participants.

Eurex Exchange on Tuesday reported a strong set of numbers for the month of July, with its number of contracts traded rising 18% year on year.

US Commodity Futures Trading Commission commissioner Dan Berkovitz has called for an increase in the capacity and diversity of clearing services, citing the danger of a large clearing firm failing.

Equity derivatives clearer the Options Clearing Corporation has appointed Susan O'Flynn and Stuart Bourne to its board of directors.

Intercontinental Exchange has launched nine marine fuel futures contracts ahead of the implementation of new sulphur cap regulations by the International Maritime Organization.

The number of futures and options traded globally over the first half of 2019 has hit 16.6bn, an 11% rise on the same period of 2018, with the Asia and Latin America regions pushing volumes upwards.

Asset manager Union Investment has begun trading Eurex FX futures as part of its overlay strategy.

Société Générale has extended its clearing and sales offering to enable clients to trade FX futures on Eurex Exchange.