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Exchanges & Clearing

Bats Targets NDF Market With SEF Acquisition Bats Global Markets (Bats) has announced plans to acquire Javelin, a Swap Execution Facility (SEF) that is registered with the US Commodity Futures Trading Commission (CFTC).According to Bats, the deal is intended to accelerate it plans to offer trading ...
TriOptima Claims First in Latam Currency Compression TriOptima announces that 11 CME Group IRS clearing members eliminated 12.5 trillion MXN ($664 billion) notional outstanding in the first triReduce multilateral compression cycle for cleared Mexican peso (MXN) interest rate swaps (IRS).   Over 35% of the cleared MXN notional principal outstanding in CME ...
Exchanges See FX Volume Decline CME Group and Moscow Exchange (Moex) have both reported lower FX volumes in July – largely reflecting the first batch of data from the OTC platforms earlier this week. CME says average daily volume (ADV) in its FX contracts was 724,000, the ...
Moex Unveils Exec Board, Exchange Council New Appointments Moscow Exchange has announced a number of new appointments at its executive board and exchange council. Anna Kuznetsova, managing director of Moex’s equity and bond market and Igor Marich, managing director of Moex’s FX and money markets were ...
HKEX Subsidiary Gets Approval for Cross Currency Swaps Clearing OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has received regulatory approval to clear cross currency swaps. Following the approval, granted by the Securities and Futures Commission, OTC Clear says that ...
SGX Suffers Another Outage Singapore Exchange (SGX) has suffered its fourth outage in the past two years today, the exchange posting a message on its website saying trading was suspended at 11.38 am local time “due to duplicate trade confirmation messages being generated”. SGX says ...
CME to List Six New European-Style FX Options Contracts CME Group plans to list six new European-style weekly, monthly and quarterly FX options contracts that will be available to trade August 8, 2016. The currency pairs chosen for the launch are: AUD/USD, GBP/USD, CAD/USD, EUR/USD, JPY/USD ...
Reuters FX Volume Shows YoY Growth The total average daily volume (ADV) of foreign exchange trading across Thomson Reuters platforms in June totalled $394bn, rising by by 5% year-on-year and by 13.5% month-on-month. ADV for spot trading in June was $116bn, Reuters says. This total reflects trading volumes ...
EMTA, CME Group Adopt MOEX FX Benchmark Moscow Exchange's USD/RUB benchmark has been recommended by the Emerging Markets Traders Association (EMTA) as the official settlement rate for OTC rouble derivatives. CME Group will also use the benchmark for its rouble-denominated currency futures. Last month EMTA and ...
FXCH Begins Clearing Spot FX Via the Blockchain Irish-based startup FXCH claims to have cleared the first ever institutional spot FX transaction via the blockchain last Friday. The newly established clearing house, a member-based financial utility for spot FX clearing, says that it accepted and novated its first ...