Derivs - FX

Andy Green, chairman of IG Group, the online derivatives trading provider, is to stand down later this year.

A senior European Commission official has defended the EU's record on regulation since the financial crisis, amid complaints that global derivatives markets have become fragmented.

The UK's Financial Conduct Authority has permanently banned selling binary options to retail customers.

The US Commodity Futures Trading Commission has amended its margin comparability determination for Japan, further recognising the equivalence of US and Japanese rules on swaps.

Singapore Exchange has acquired a 20% stake in electronic foreign exchange trading company BidFX, for $25m.

The US Commodity Futures Trading Commission (CFTC) has agreed to ease regulations surrounding the use of swaps in connection with loans offered by banks.

Six major dealer banks have signed up to DTTC-Euroclear GlobalCollateral’s collateral settlement proposition as the initiative moves beyond pilot phase.

Eurex Clearing has expanded the capabilities of its real-time, cloud-based risk management tool Prisma.

The European Central Bank (ECB) has shelved plans to give itself increased regulatory powers over central counterparty clearing houses (CCPs).

Bangkok Capital Asset Management (BCAP) has become the latest firm to sign up to the Depository Trust & Clearing Corporation’s (DTCC) Central Trade Manager (CTM) platform.

The International Swaps and Derivatives Association (ISDA) has warned that regulatory proposals for calculating derivatives contract exposure could lead to an uneven playing field and increased costs.

The Futures Industry Association (FIA) has warned that a diverging global regulatory framework is leading to increased fragmentation across derivatives markets.