Derivs - FX

Volumes from the major derivative exchanges have been posted for June, with large variations emerging between institutions.

Midclear, the custodian and clearing centre of financial instruments for Lebanon and the Middle East, has selected GMEX Technologies to provide the core system for Lebanon's first derivatives central counterparty (CCP).

Investor hedging for turbulent Brexit negotiations and US president Donald Trump’s legislative agenda has aided the growth of gold and currency derivatives contracts at the Dubai Gold and Commodities Exchange (DGCX), its CEO said on Sunday.

The Singapore Exchange (SGX) has admitted two new derivative trading members, including Shinhan Investment, the first party to trade remotely from South Korea.

The Financial Stability Board (FSB) praised international efforts to reduce systemic risk and improve transparency of over-the-counter (OTC) derivatives markets on Thursday, while slamming the “opaque web” of exposures that existed before the reforms.

Hong Kong Exchanges and Clearing (HKEX) and the Chinese Gold and Silver Exchange Society (CGSE) committed to building a “major gold and commodities trading centre in Asia Pacific” on Thursday.

The Chicago Mercantile Exchange (CME) on Wednesday announced it could clear over-the-counter FX options, after receiving regulatory approval from the Commodity Futures Trading Commission.

The Bank for International Settlement's (BIS) and the International Organization of Securities Commissions (IOSCO) have published a third consultative report on the harmonisation of critical OTC derivatives data elements.

Taiwan's Hua Nan Futures has become a derivatives trading member of the Singapore Exchange (SGX), taking the number of eligible derivative members on the venue to 56.

The European Association of Clearing Houses (EACH) has responded to a European Commission report on fintech, supporting a move to distributed ledger technologies.

Bank of England governor Mark Carney welcomed parts of the European Commission’s draft proposals on euro clearing this week while warning against relocating the activity from its base in London.

The Futures Industry Association (FIA) on Wednesday released a statement arguing that this week's European Commission proposals, which would allow continental regulators to force clearing houses' relocation to the EU, will create market disruption.