Unified global FX market a step closer? ODRG report details issues relating to cross-border ruling LeapRate

March 31, 2014 BY Andrew Saks-McLeod

Unified global FX market a step closer? ODRG report details issues relating to cross-border ruling

International law makers issue report on cross-border issues on OTC derivatives following G20 summit during which widespread agreement was reached The European Securities and Markets Authority (ESMA) continues to demonstrate its commitment to participation in the worldwide governmental effort to ensure compatibility between all financial markets worldwide with regard to the regulatory oversight of OTC…

March 26, 2014 BY Gerald Segal

Spin off and reorganization at BNP Paribas amid changes

French bank BNP Paribas dealing with ever changing regulatory environment BNP plans a separate derivatives clearing business, as part of its near term strategy to increase earnings at its fixed income business. BNP Paribas will shift its OTC client clearing and FX prime brokerage operations alongside its listed derivatives clearing business. The businesses had previously sat…

March 18, 2014 BY Andrew Saks-McLeod

Scandinavia Spearheads Exchange-Traded Derivatives Rush As Oslo Børs Ups Its Game

Oslo Børs implements Baymarkets Edge derivatives platform as exchanges embrace opportunities in current OTC markets Whether the probe into a whole host of international financial institutions which accuses them of FX rate manipulation is partly responsible for driving the recent developments in exchange-based infrastructure within a predominantly OTC industry sector is hard to measure, however…

February 27, 2014 BY Gerald Segal

CME Group receives Bank of England's approval to launch FX derivatives

The company aims to launch its new OTC derivatives offerings on the 3rd of March The European division of the CME Group, CME Clearing Europe has announced today that it received regulatory approval to launch Overnight Index Swaps, zero coupon swaps, Forward Rates Agreements, basis swaps and variable notional swaps. In addition the company is…

December 18, 2013 BY Gerald Segal

LCH.Clearnet gets CFTC license to clear derivatives

Top tier FX derivatives and CFD’s liquidity provider is already regulated by FCA and ACP The Commodity Futures Trading Commision has announced in a statement on Tuesday that it has granted a license to Banque Centrale de Compensation, part of LCH.Clearnet SA (LCH.C SA) a registration to handle derivatives transactions as a derivatives clearing organization…

November 08, 2013 BY Gerald Segal

ICAP and Interactive Data Corporation collaborate for OTC data distribution

The alliance will bring more transparency and better liquidity provision in OTC transactions Interdealer broker ICAP (LON:IAP) has just announced that it is teaming up with Interactive Data Corporation, which is a top provider of low latency market data, to form an alliance aiming to ease and provide better access for risk-managers and institutional clients…

November 06, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch - Donald R. Wilson and DRW Investments

DRW Investments filed a pre-emptive lawsuit against the US regulator The CFTC filed a civil lawsuit against Donald R. Wilson and his company DRW Investments, LLC. Charges are for unlawful manipulation of a 3-month interest rate swap futures contract in a period of at least 8 months – between January and August 2011. According to…

October 28, 2013 BY Gerald Segal

Russia's central bank will enforce derivatives transactions through a central clearer

Bank Of Russia will introduce G-20 regulations regarding derivatives contracts in about 18 months. Starting today, the Moscow exchange has a central clearing mechanism for derivatives contracts, and there is wide speculation that it will become mandatory in 18 months. According to newly installed regulatory head Sergey Shvetsov, it will bring additional transparency to the…

Tag: OTC derivatives