Derivs - Clearing and Exchanges

EEX Group on Tuesday announced that it will acquire the commodities business of Nasdaq Futures (NFX) as the Deutsche Börse-owned trading platform operator looks to expand its presence in US energy markets.

The European Securities and Markets Authority has issued technical advice for the European Commission on the treatment of third-country central counterparties (TC-CCPs).

An Austrian firm has become the first European Union-domiciled bank to join Eurex’s ISA Direct offering as a basic clearing member.

Intercontinental Exchange on Monday announced that it will launch a new trading venue in Abu Dhabi to offer futures contracts referencing Murban crude oil.

The European Union’s finance ministries are nearing a deal on the draft legal text for central clearing counterparty (CCP) resolution. But they still disagree on the use of CCPs’ own funds in a recovery scenario, as well as on voting rights for smaller states in a resolution college.

The US Commodity Futures Trading Commission this week approved foreign boards of trade applications (FBOT) from European derivatives exchanges despite opposition from commissioner Brian Quintenz.

Higher trading volumes helped lift Cboe Global Market's third-quarter earnings per share by 22% year on year, as demand rose for its derivatives products amid increased market volatility.

CME Group has reported a strong set of third quarter results, with double digit growth in the trading of rates, equity and commodity products.

Derivatives trading and OTC clearing have boosted Deutsche Börse in the third quarter quarter, with notable activity in its power exchange.

After a lacklustre start to life, momentum is building on Bakkt’s physically delivered bitcoin futures, with the exchange hitting a record trading volume this week and the venture announcing new options contracts on those futures.

Eurex Clearing has cleared its first cross-currency swap transactions, with JP Morgan and Morgan Stanley the first counterparties to use its OTC FX clearing service.

Deutsche Börse has appointed Marcel Naas and Marcus Addison to drive its new Buy-in Agent Service, a move that will see Matthias Graulich take on management of Eurex Repo.