Europe's financial regulators are following in North America's footsteps one year later, as Keler CCP becomes the ninth central counterparty to be authorized under the new EMIR rulings for OTC derivatives, including FX.
Read moreThe Tokyo Financial Exchange (TFX) reported their June metrics today and the results are less than stellar compared to May measures of 1,879,665 total volume w/ a daily average of 85,440. The total trading volume of Exchange FX Margin contracts (Click 365) in June was 1,620,533 down both (13.8% MoM and 72.4% YoY) and its…
Read moreTokyo Financial Exchange has today reported a further 10% decline in Click 365 margin FX trading volumes in May, indicating a return to the doldrums of 2012
Read moreESMA Chair Steven Maijoor has inferred that it is unlikely that FX trades will be subject to clearing requirement as EMIR and MiFID II draw closer. The question as to whether Europe will impose institutional-style FX trade clearing and reporting measures on retail FX firms was indeed a matter for many FX firms to consider…
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