News Centre

TNS Live With Managed Layer 1 Access In Bergamo IT3 Following Euronext Move - Customers Benefit From Seamless Managed Hosting Relocation Providing Lowest Latency Trading Services

Date 10/05/2022

Transaction Network Services (TNS) has enabled existing and new customers to seamlessly move trading operations from Basildon, England to Bergamo, Italy and directly access the Euronext exchange matching engine, with operations now live in IT3. This includes customers that have taken space in the Bergamo colocation facility and those that have chosen to connect to Euronext from outside the colocation facility.

11 Additional Firms Join Sustainable Trading Industry Initiative - Cross-Industry Support For Non-Profit Membership Network Driving Positive ESG Change In The Financial Markets Trading Industry

Date 10/05/2022

Sustainable Trading, the non-profit organisation dedicated to transforming environmental, social and governance (ESG) practices in the trading industry, today welcomes an additional 11 financial services organisations into its membership network.

Papua New Guinea Women’s Entrepreneurs Connect Signs MOU Supporting The DEFINE Initiative

Date 10/05/2022

Papua New Guinea Women Entrepreneurs Connect, whose objective is to empower and motivate women to be successful in business, today signed a Memorandum of Understanding (MOU) with PNGX Markets, the PNG Digital ICT Cluster, Emerging Venture Management (Unkapt) and Pacific Capital Markets Development - together the proponents of the DEFINE Initiative.  The MOU outlines areas of cooperation to deliver several DEFINE objectives, including facilitating technical assistance for micro, small and medium women-led enterprises and enhancing the capabilities of human capital in the women-led entrepreneurial sector.

Scott Leader Named Managing Director, APAC For Eventus - Heads Sales In Asia-Pacific Region As Demand Continues To Grow For Firm’s Trade Surveillance, Market Risk Solutions

Date 10/05/2022

Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that Scott B. Leader has joined as Managing Director, APAC, heading the company’s sales efforts in the Asia-Pacific region. Leader has nearly three decades of financial services, sales and management experience throughout APAC and Europe, hiring and building high-performing teams at large organizations, including financial exchanges and global business information services providers.

Statement Of CFTC Commissioner Christy Goldsmith Romero Regarding Notice Of Proposed Rulemaking To Amend Swap Clearing Requirement To Transition Further Away From LIBOR

Date 09/05/2022

The amendments the Commission proposes today support initiatives designed to reduce risk posed by reliance on the London Interbank Offered Rate (LIBOR), and other interbank offered rates (IBORs), as benchmark reference rates.  A decade ago, allegations of manipulation of LIBOR led to government investigations.  In the years since, regulators in the U.S. and abroad have recognized the need to replace LIBOR with benchmarks that promote market integrity and carry far less risk.  However, it has always been recognized that this transition would be a complex and lengthy undertaking.  As a result of significant coordinated efforts across the public and private sectors, great progress has been made in the transition to alternative reference rates that are less susceptible to manipulation.  I commend Chairman Behnam for his steadfast leadership in pursuing a successful transition away from LIBOR.  I commend the Commission’s staff for their steadfast efforts to be thoughtful, careful and comprehensive at each step of the transition, including the step that brings us here today.

Nadex Removes Minimum Initial Deposit Amount And Adds Means Of Account Deposits

Date 09/05/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that Nadex plans to end its $0 Minimum Initial Deposit Promotion (originally submitted to the Commission on August 13, 2021 in submission no. 2108-1312-2257-15), but will permanently remove the requirement of a specified initial deposit amount in order to become a Member. Applicants will continue to be required to make a successful initial deposit in order to be granted Membership, however, the deposit may be in any amount. Also, in addition to the current means by which an applicant or Member may make a deposit, Nadex will allow account deposits by means of a registered money services business or other similarly authorized institution that has been vetted and approved by Nadex. These amendments will become effective for trade date May 23, 2022.

CFTC Issues Proposed Rule To Modify Swap Clearing Requirement To Address Transition From LIBOR And Other Interbank Offered Rates To Alternative Reference Rates

Date 09/05/2022

The Commodity Futures Trading Commission today unanimously voted to approve a notice of proposed rulemaking (NPRM) to modify the Commission’s interest rate swap clearing requirement to remove certain clearing requirements tied to the London Interbank Offered Rate (LIBOR) and other interbank offered rates, and replace them with similar clearing requirements for swaps referencing overnight, nearly risk-free reference rates. The NPRM proposes to update the swaps required to be submitted for clearing to a derivatives clearing organization (DCO) or an exempt DCO under part 50 of the CFTC’s regulations and update the table of compliance dates for the CFTC’s swap clearing requirement to reflect the new set of swaps required to be cleared. 

Federal Reserve: Financial Stability Report

Date 09/05/2022

PDF | Statement by Governor Brainard

This report summarizes the Federal Reserve Board’s framework for assessing the resilience of the U.S. financial system and presents the Board’s current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserve’s views on this topic.

CFTC Swaps Report Update

Date 09/05/2022

CFTC's Weekly Swaps Report has been updated, and is now available.

The Present Value: ISDA Highlights A Selection Of Research Papers On Derivatives And Risk Management

Date 09/05/2022

FX Option Volume

Bank of England Staff Working Paper
By Robert Czech, Pasquale Della Corte, Shiyang Huang, and Tianyu Wang

The study examines the relationship between the volume of foreign exchange (FX) options traded over-the-counter and future exchange returns. The analysis is based on transactions reported to the Depository Trust & Clearing Corporation derivatives repository.