Trading
ANALYSIS: BGC reflects as FMX Futures launch confirmed for September 23
BGC Group is at an inflection point on many fronts, as it looks to benefit from years of strategic positioning to reap the rewards
People
ANALYSIS: MIAX Sapphire to complete US options coverage – Nybo
Miami International Holdings (MIH) needed to launch a fourth US options exchange last month to extend its coverage to all multi-listed options from 88%, according to a senior executive, once MIAX Sapphire’s upcoming trading floor opens as expected in the second quarter of next year.
Trading
FSB head calls for moves to cover non-bank firms
The secretary general of the FSB has called for better oversight of the non-bank financial firms after a series of crises showed how the growing sector is impacting markets
Trading
CFTC regulator criticises ‘steady erosion’ of self-certification process
A top regulator at the Commodity Futures Trading Commission (CFTC) has expressed concern that one of the US futures regulator’s two latest approvals represents a “steady erosion” of its self-certification process.
People
‘Cost of trading, education’ restricting European retail - exchanges
Speaking at the Trading Technologies conference in London on Thursday, a panel of exchange experts moderated by TT chief revenue officer Nick Garrow discussed the retail trading community, agreeing the US and Europe are very different
Trading
ICE cites ‘health and integrity’ of ESTR market as OI hits 500,000 lots
ICE has pointed to strong end user demand as it this week became the first exchange to breach 500,000 lots in open interest for ESTR futures
People
US investors well-hedged after August equity correction – Morgan Stanley
There is an opportunity in hedging risk via US exchange-traded fund (ETF) options, according to a Morgan Stanley derivatives trader, arguing recent volatility last month could persist ahead of and after the US presidential election in November.
Trading
EEX welcomes ‘promising start’ to Guarantees of Origin futures
The European Energy Exchange (EEX) has been encouraged by the reception of its Guarantees of Origin (GO) futures complex, in the first nine days of trading, according to an executive
Trading
ANALYSIS: Derivatives key to European capital market reforms
Measures to encourage the development of European derivatives markets are a key part of reinvigorating the region’s capital markets, as regulators look to define a way forward in long running reform efforts
Technology
ICE can build US Treasury clearing tech 'better and faster' – Bland
Intercontinental Exchange (ICE) believes it can the build technology for a model to improve clearing of US Treasuries “better and faster than anything else out there”, according to a senior executive.
People
Global interest rates to remain above old norm – Deutsche Boerse panel
A panel of experts have broadly agreed that global interest rates are unlikely to be cut to pre-hike levels, arguing inflation is entering a new stickier, more volatile phase.
Trading
MIAX volumes slip in August despite latest exchange launch
Miami International Holdings (MIH) has reported a 5% year-over-year decrease in total options volume across its four MIAX exchanges in August, including initial trading volume of MIAX Sapphire, which launched last month.
People
ANALYSIS: DTCC calls for ‘rolling’ migration to US Treasury clearing
The Depository Trust and Clearing Corporation (DTCC) has recommended clients onboard into US Treasury central clearing on a “rolling basis”, arguing its experience as the main US Treasury clearing house suggests “one size is not going to fit all”
Trading
Wematch launches total return swap cash flow service in North America
Fintech Wematch.live has launched its total return swap (TRS) cash flow management service in North America, after reporting increased adoption in the products in other regions
Trading
ANALYSIS: Trade bodies back Fed plan to re-write bank capital rules
Major industry trade bodies have welcomed a broad-based revamp of Basel III “endgame” rules outlined by US authorities, but signal the need for further work to be done
Trading
Fed confirms US bank capital rules to be re-drafted, delayed
The head of supervision at the US Federal Reserve has confirmed a delay as he laid out the likely rules for a “reproposal” of fresh bank capital rules in the region
People
ANALYSIS: Eurex Ether futures a ‘qualified success’ one month after launch
Eurex has described trading in its FTSE Ethereum Index futures and options contracts a “qualified success” since launching last month, although noted alongside its Bitcoin offering is “proving a tough nut to crack” amid competition with CME Group.
Trading
LME continues strong run with 14% volume boost in August
The London Metal Exchange (LME) has extended its run of growing volumes this year with a 14% year-on-year rise in August volume
Trading
Advantage Futures live on ION for trade processing, analytics
Advantage Futures, one of the largest independent clearing firms, has partnered with ION’s XTP platform to manage its post-trade processing and analytics as it sees a growth in volume
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