Derivs - Clearing and Exchanges

Nasdaq has made a bid for Norwegian exchange group Oslo Børs VPS, firing up a takeover battle with rival Euronext.

The Securities and Exchange Board of India (SEBI) has granted the status of qualified central counterparty (QCCP) to International Clearing Corporation (IFSC) and NSE IFSC Clearing Corporation.

Market infrastructure operator Traiana has struck a deal to provide direct central clearing connectivity to Hong Kong Exchanges and Clearing (HKEX), focusing on FX.

The International Swaps and Derivatives Association (ISDA) has issued a new set of guidelines for central counterparty clearing houses (CCPs) in the wake of September’s default at Nasdaq Clearing.

Hong Kong Exchanges and Clearing (HKEX) has reported record Hong Kong derivatives market volumes, along with a surge in trading volumes at its London Metal Exchange (LME) subsidiary.

Dutch firm PGGM has become the first pension fund manager to centrally clear repo using Eurex’s ISA direct service, which offers buy-side tailored clearing memberships.

Stephen Plestis, the former co-head of listed derivatives and OTC clearing at Credit Suisse, has become head of sales for the EMEA and Asia region at margin optimisation specialist OpenGamma.

Euronext on Monday formally launched its offer to buy Norwegian exchange group Oslo Børs VPS, saying it wanted to position the firm as the “key capital markets hub in the Nordic region”.

Swedish markets regulator Finansinspektionen (FI) on Wednesday called for lawmaker-backed resolution plans for clearing houses, in the wake of a default at Nasdaq clearing last September.

The board of Oslo Børs VPS Holding, the Norwegian exchange group, on Friday said that it would consider alternative bids to acquire it, after Euronext outlined terms for a potential acquisition.

The European Central Bank has said that its swap arrangement with the Bank of England, which would help financial firms access liquidity in a foreign currency, would not be affected if the UK leaves the EU with no deal.

The Bank for International Settlements has publish a research paper exploring the risks that spring from the close linkage between banks and clearing houses (CCPs) through OTC derivatives.