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Exchanges & Clearing

Trad-X Announces Eurex Clearing Partnership Trad-X is looking to strengthen its position in the interest rate swaps (IRS) market with the launch of a new central limit order book (CLOB) for Eurex OTC cleared products. The new CLOB was launched today in order to coincide ...
CME Reports Strong YoY Revenue and Income Growth CME Group has reported a 7% year-on-year growth in revenue and a net income of $1.3 billion for 2015, the latter of these two representing a 15% increase from 2014. The exchange group’s total revenue for 2015 was $3.3 billion and operating income was $2.0 billion. Net ...
CBOE Strengthens Vix Administration The Chicago Board of Options Exchange (CBOE) says the administration of the its Volatility Index (VIX Index) is in alignment with the Principles for Financial Benchmarks established by the International Organization of Securities Commissions (IOSCO). The VIX Index, calculated using ...
CPMI IOSCO Clarifies CCP Responsibilities for Deliverable FX Clearing The Committee on Payments and Market Infrastructures (CPMI) and International Organisation of Securities Commissions (IOSCO) have issued a joint statement clarifying the requirements for CCPs clearing deliverable FX products. The CPMI and IOSCO say they have issued the statement “in ...
Thomson Reuters Leads Volumes in Nascent D2C SEF FX Market Thomson Reuters’ Swap Execution Facility (SEF) lead trading volumes in the FX dealer-client (D2C) segment during 2015, although the majority of on-SEF FX trading continues to occur on the dealer-to-dealer (D2D) platforms. Citing data from Clarus Financial Technology (FT), ...
Exchange Volumes Bounce Back After December Slowdown Two exchanges to report trading volumes for January 2016 have seen a month-on-month increase in these volumes. At CME, January ADV in FX products was 970,000 contracts, up 10% from December but down 3% from January 2015. The average daily notional value of FX contracts ...
LCH Attains Singapore Recognition LCH.Clearnet has been formally granted the status of Recognised Clearing House by the Monetary Authority of Singapore (MAS). Recognition applies to LCH.Clearnet’s EnClear (Freight Division), ForexClear and SwapClear services. LCH.Clearnet currently clears Singapore dollar-denominated interest rate ...
TrueEx Claims Mexican First Swap Execution Facility (SEF) TrueEx has claimed an industry first with the execution of dealer to client Mexican peso (MXN) interest rate swaps trades on its platform. The SEF says that Societe Generale and undisclosed institutional investors completed the transactions ...
OFR to Target CCP Risks in 2016 The US Office of Financial Research (OFR) says a key focus of its work in 2016 will be in depth study of the inter-connectedness of central clearing counterparties to identify risks in the market structure. In its annual report to Congress, ...
Rates Trading Activity Keeps SEF Volumes Level On average, $380.3 billion per day was traded on swap execution facilities (SEFs) in December, roughly in line with November but up 22% from December 2014. The increase was driven entirely by trading in interest rates as both foreign exchange and credit trading ...