Derivs - FX

Allen & Overy, IHS Markit and Smart Communications subsidiary SmartDX on Thursday announced that they had launched a platform to speed up the repapering of derivatives contracts, in anticipation of new regulatory requirements.

A swap execution facility (SEF) owned by the Chicago Board Options Exchange (CBOE) has started trading two new foreign exchange non-deliverable forwards (NDFs), it was revealed on Tuesday.

US President Donald Trump will nominate lawyer Dan Berkovitz to be a commissioner at the Commodity Futures Trading Commission, the White House revealed on Monday.

IHS Markit announced on Monday that it had acquired Paris-based DeriveXperts, a company that provides independent valuations of over-the-counter (OTC) derivatives.

Four major capital markets and banking industry bodies have urged European legislators to change existing rules to allow for more efficient risk reduction in the derivatives markets.

Private equity-owned ION Investment Group has been named as the high bidder of the two that have made last minute bids to beat Temenos in the race for UK trading technology company Fidessa.

A pair of gatecrashers have burst into Temenos’ £1.4bn bid for UK trading technology firm Fidessa, with one party offering a 5% premium to the existing deal from the Swiss banking software company.

As volatility returned to financial markets, US derivatives exchange operator CME saw record average daily volume for derivative contracts in the first quarter of 2018, beating the same period last year by 30%.

Deutsche Börse has said it will build a blockchain-based securities lending platform that will be open to all custodians.

The Financial Services Committee of the US House of Representatives on Wednesday waved through a bill that could allow banks to remove initial margin for centrally cleared derivatives from their leverage exposure, and thus hold less capital.

The Futures Industry Association has called for changes to European derivative reporting rules, suggesting that some aspects of the regulations are "duplicative" and not properly tailored to listed products.

Frustration boiled over at the Futures Industry Association's (FIA) annual Boca Raton meeting on Wednesday, with Commissioner Brian Quintenz of the US Commodity Futures Trading Commission (CFTC) threatening European regulators with obstruction.