Derivs - FX

Migration of FX derivatives away from a bilateral market to clearing houses is taking a long route to adoption but significant interest is picking up, said panellists at the Futures Industry Association’s International Derivatives Expo this week.

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) this week published their joint discussion paper on central counterparty default management auctions.

Christopher Giancarlo, chairman of the US Commodity Futures Trading Commission, made his final speech at a Futures Industry Association conference this week, with a last attempt to stake out his vision on cross-border clearing supervision.

Comco, the Swiss competition commission, has imposed fines of Sfr90m ($89.9m) and reached amicable settlements in relation to alleged FX rigging by traders from major banks.

The US Senate has approved the nomination of Dr. Heath Tarbert as chairman of the US Commodity Futures Trading Commission.

Collateral management technology provider CloudMargin has appointed Stuart Connolly, previously of NEX, as its CEO.

CME Group is making a number of senior management changes as part of its integration of last year’s acquisition, UK trading and technology firm NEX Group.

GlobalCapital is pleased to announce the winners of its 2019 Americas Derivatives Awards, revealed at a gala dinner at the Metropolitan Club in New York on Thursday May 30. As ever, the awards recognise the firms and innovations that have advanced the derivatives markets during the last 12 months.

Representatives of the European Union’s 28 member states have resumed talks on a clearing house (CCP) resolution, with a view to reach an agreement by the end of the year.

Sanjay Madgavkar has joined the executive team at FX fintech company Integral as chief strategy officer and head of business development.

Derivatives exchange operator CME Group has revealed plans to launch the next generation of its standard portfolio analysis of risk margin methodology, with the aim of offering enhanced risk management capabilities through a single, unified interface.

Global exchange and clearing house operator Intercontinental Exchange has launched a new cloud-based tick-history platform.