People
ANALYSIS: Industry sets sights on anti-procyclicality regulation
Given clearing house margin models respond to volatility among other factors, the volatility that erupted in March 2020 led to spikes in margin calls, forcing trading firms and brokers to liquidate positions to find the margin they needed
Trading
ANALYSIS: Market looks past halving to bitcoin’s next phase
A flurry of hedging has largely priced in next month’s “halving” – the next phase that will determine the direction of bitcoin markets – but the picture beyond April gets muddy as producers seek to protect profitability
People
ANALYSIS: Industry grapples with clearing house non-default losses
Financial regulators have turned their attention to clearing houses’ approaches to some of the other risks they face, which have been grouped together under the catch-all term: non-default losses
Trading
ANALYSIS: Machine learning to speed up deployment of trading models
ION’s trade analytics platform says new machine learning techniques will allow models to be deployed much faster, as a host of firms look to bring new tools this year
ANALYSIS: Industry takes stock on perennial problem of give-ups
The futures and options industry has made some progress in addressing the post-trade bottlenecks that emerged in March 2020 after the onset of the COVID pandemic but there is still work to do, experts have suggested
Trading
ANALYSIS: Cboe’s one-day VIX matures as index nears first birthday
Cboe Global Markets’ one-day volatility index (VIX1D) is finding its niche one year after launch in response to the success of the US group's one-day S&P 500 index options contract
People
ANALYSIS: Eurex plans changes to regulate Euribor volumes
Speaking exclusively to FOW, Matthias Graulich, Deutsche Boerse’s head of fixed income, funding and financing strategy and development, said the German market wants to regulate the daily turnover of trades in its short-dated European rates futures
Trading
ANALYSIS: Tokenisation needs to tackle interoperability issues
Experts agree the first wave of digital asset adoption in traditional asset classes means creating connections between platforms and liquidity pools will be crucial for the market to maintain momentum
People
ANALYSIS: ICE, Eurex draw battle lines in MSCI total return futures
Eurex launched on Monday total return futures based on the MSCI Emerging Markets, MSCI EAFE (Europe, Australasia and Far East) and MSCI World Indices, and ICE Futures US launched TRFs based on those three indices and the MSCI USA
Trading
ANALYSIS: Exchange ESTR open interest spikes as products mature
The trio of exchanges that offer euro short term rate (ESTR) futures have touched record levels of open interest in the past week, as measures taken to encourage end user adoption begin to take effect
People
Eurex and ICE square up in European short-term rates
The Eurex Euribor contract started strongly, trading 1.6 million lots in November and 1.5 million contracts in December before hitting daily trading volume records on three consecutive days in early January
Spot crypto ETF key to institutional adoption - Appold
Reports the Securities and Exchange Commission is preparing a ruling on as many as a dozen spot crypto ETFs including BlackRock’s have driven bitcoin in recent weeks to $36,800 (£30,000)
Liquidnet targets buy-side futures and options trading
Liquidnet sees a shift in market conditions giving a boost to its long-held ambition to build a buyside-focussed futures and options business, becoming one of the firms vying to fill a gap left by the banks that have pared back services in the space
ICE completes €475bn credit derivatives clearing migration
Intercontinental Exchange (ICE) developed a new matching tool to aid in completing the migration of credit default swap (CDS) clearing positions from its shuttered European entity, a process that ended last week
Part Two: FX in focus as SGX doubles down on multi-asset plan
Singapore Exchange’s Lee Beng Hong and KC Lam discuss with Radi Khasawneh the role that FX plays in the Asian group’s multi-product strategy
Part One: FX in focus as SGX doubles down on multi-asset plan
Singapore Exchange’s Lee Beng Hong and KC Lam discuss with Radi Khasawneh the role that FX plays in the Asian group’s multi-product strategy
Part Two: CME eyes enhanced analytics with Google data migration
CME sees its unique position in the US Treasury markets as offering a key use case for its enriched data offering based on its landmark Google deal signed in 2021
Part One: CME's Winkler sees Google migration at 'exponential point' for data
CME Group is looking to accelerate the development of a host of tools as it harnesses the potential of its historic tie up with Google
Part Two: Sucden Financial CEO Bailey considers cyber-security post-ION
In the second part of a two part series, Marc Bailey, the chief executive officer of Sucden Financial, considers the implications of the January 2023 cyber attack on futures fintech ION Markets
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The Chicago-based group reported on Wednesday clearing and trading revenue of...
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