Derivs - FX

The European Security and Market Authority (ESMA) closed the consultation period on trading obligations for derivatives this Monday — but with implementation due in January, many of those affected are still concerned.

There’s plenty of arguing about Brexit, but in finance, euro clearing stands out as a particularly bitter regulatory fight. At issue is London’s place as the host of euro trading — and it’s going to go down to the wire.

Deutsche Boerse has signed a partnership with risk and trade technology firm Risk Focus that will help with OTC trade reporting systems required under MiFID II.

The Commodity Futures Trading Commission has this week issued a letter extending no-action relief for non-US dealers still working to comply with transaction-level swap requirements.

Eurasian Development Bank (EDB) has become the first international financial institution to gain admission to the Moscow Exchange (MOEX) derivatives market.

TP ICAP has chosen Bloomberg Entity Exchange as its outreach platform in preparation for the Markets in Financial Instruments Directive II (MiFID II), the interdealer broker announced on Monday.

The Chicago Mercantile Exchange (CME) this week cleared its first Korean won and Indian rupee OTC currency swaps, taking its clearing offering for interest rate swaps to 21 currencies.

GlobalCapital is pleased to announce the nominees for its Global Derivatives Awards 2017. The shortlist has been built from market soundings and research. Winners will be unveiled at a gala dinner at One Whitehall Place in London on September 20. Nominees are now invited to pitch for each award over the coming weeks. A GlobalCapital editorial panel will decide the winners. These awards honour the companies, platforms, services and products that have grown, innovated and strengthened the global derivatives market during the last 12 months. Each category will be decided by considering innovative products and services, commitments to new markets, improvements in efficiency, liquidity and market stability, as well as client guidance.

The Dubai Gold and Commodities Exchange (DGCX) and the Abu Dhabi Securities Exchange (ADX) have announced their aim to work towards a unified clearing house in the United Arab Emirates.

Acting chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo on Monday appointed Daniel Gorfine to serve as director of LabCFTC and as chief innovation officer of the regulatory authority.

The European Securities and Markets Authority (ESMA) on Monday reacted positively to last month’s European Commission proposal on third country central counterparties (CCPs), which offered the regulatory body more powers to supervise foreign clearing houses.

The Intercontinental Exchange (ICE) has lost the fight for its Trayport energy trading business and will have to sell the platform, the UK competition and markets authority (CMA) has ruled.