Societe Generale Prime Services’ CTA
Indices show positive performance for commodity trading advisors in the two
full days of trading after the UK referendum results – Friday 24 June and
Monday 27 June.
In the immediate aftermath of the result
on Friday, when ...
The US Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) has issued guidance to clearinghouses to further the development of recovery plans and wind-down Plans.
The CFTC says that for clearinghouses, or Derivatives Clearing Organisations (DCOs), ...
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 ...
The Basel Committee on Banking
Supervision has issued a report stating that overall progress is being made in
introducing the Basel III requirements, although it notes that some
jurisdictions are facing “challenges” to meet implementation deadlines.
In its seventh report ...
The International Swaps and Derivatives Association (ISDA) has published a whitepaper calling for greater standardisation and automation of derivatives market infrastructures.
The new paper, The Future of Derivatives Processing and Market Infrastructure, highlights a number of challenges with existing structures and processes, and recommends several steps the derivatives industry can take to create efficiencies – in particular, by embracing opportunities for further standardisation.
"The derivatives industry has become reliant on legacy infrastructures and processes that have been layered on top of each other over time. That might be the result of historical acquisitions, where the respective systems haven't been fully integrated. More recently, the sheer pace of regulatory change has meant firms have been under pressure to tackle the next pressing deadline. The result is a derivatives infrastructure that is duplicative and based on incompatible operating standards, and this isn't sustainable," says Scott O'Malia, CEO of ISDA.
Deutsche Bank has named Sandra Francisco as its new head of platform sales, North America – listed derivatives and markets clearing, based in New York.
Francisco took up the new role on October 7, and is responsible for developing account plans for North American clients transacting in global listed derivatives and markets clearing products.
Francisco will also be expected to develop appropriate coverage models and grow profitable market share on a global basis for One Debt, One Equity and One Markets clients in global listed derivatives and markets clearing products.
Data from the Bank for International Settlements show financial reform has not led to a greater proportion of derivatives trading on exchanges. Colin Lambert finds out why.
As the world’s regulators, led by a very aggressive Gary Gensler-led Commodity Futures Trading Commission (CFTC), sought to reform financial markets post-global financial crisis, the outcome seemed at the time to be the inevitable growth of trading on exchanges. “The world is moving to Chicago” was used as an analogy to express this sentiment – that city being closely associated with the exchange model of course.