News Centre

ISDA derivatiViews: Easy Access To Contractual Data

Date 09/10/2023

In today’s uncertain world, it’s all too easy to imagine a new market event that sends everyone scrambling to sift through mountains of contractual agreements to ascertain the impact on their derivatives trades. That’s always been a slow, operationally intensive process at a time when speed is usually of the essence. Fortunately, the integration of two key industry platforms will make that process a lot easier.

FIA September 2023 SEF Tracker

Date 09/10/2023

Pirum Trials Distributed Ledger Technology (DLT) For Securities Lending And Repo

Date 09/10/2023

Pirum have successfully tested a DLT extension of their securities lending and repo post-trade solution. This DLT innovation would provide clients with an immutable, transparent, and distributable golden-record of their trades for reference, audit and other purposes, and builds on existing post-trade lifecycle workflow and automation, fed from well-established real-time client books and record data integrations. 

BIS: The Cumulant Risk Premium

Date 09/10/2023

Many episodes of market turbulence, including the Covid-19 crisis in March 2020, show that asset returns are not normally distributed and that higher-order moments play an important role in financial markets. This raises two questions: (1) What are the implications of higher-order moments for standard finance models? (2) How can the risk premium of higher-order moments across asset classes be measured in a tractable way? In this paper, we show that leveraged ETFs can be used as an alternative to options for measuring the risk of higher-order moments, and we quantify this risk across equities, bonds, commodities, currencies and volatility. To quantify the exposure to higher-order moments in a tractable way, we use the concept of cumulants, which are close relatives to the moments of a given distribution.

FSB Assesses Progress Toward Achieving G20 Cross-Border Payments Targets

Date 09/10/2023

• The FSB reports today on progress made on priority actions to meet the G20 cross-border payments Roadmap targets.
• We are also publishing today an initial dataset of Key Performance Indicators (KPIs), which are designed to track over time the extent to which the targets are being met, where progress is being made and where challenges remain.
• While there has been good progress, further action is required to achieve the targets and realise the broad benefits that will come from enhanced cross-border payments. This will require collaboration and engagement between and beyond the G20, involving both the public and private sectors.

ETFGI: Retail Investors In South Korea Are Active Purchasers Of ETFs Listed Overseas

Date 09/10/2023

Nineteen of the top 50 overseas stocks (including ETFs and ETNs) purchased by Korean retail investors in August were 18 ETFs and 1 ETN, according to data from the Korea Securities Depository.   Eleven of the nineteen ETFs and ETN on the top 50 list provide leverage of inverse exposure.  

Montréal Exchange's Markets Closed Today, October 9, 2023

Date 09/10/2023

The Exchange's markets are closed today, October 9, 2023.

Capital Supports Lending, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The American Bankers Association Annual Convention, Nashville, Tennessee

Date 09/10/2023

Thank you for the opportunity to join you today.1 Let me start by recognizing Indigenous Peoples' Day, and the proud history and ongoing contributions of Native Americans throughout the United States. Last month, I had the privilege to visit Native communities and Native lands in Montana to learn about the economic development opportunities and challenges in Native economies and gain a better understanding of how we can foster a financial system that works for all, including those in Indian Country.

MIAX Options Exchange - Final Reminder: Interface Specifications For ToM

Date 09/10/2023

As previously announced in the August 17, 2023, September 8, 2023 and September 21, 2023 Alerts, the MIAX Options Exchange Interface specifications have been updated for the following changes:

R.J. O'Brien Promotes Matt Heidkamp To COO, U.S., Gemma Lloyd To COO, EMEA

Date 09/10/2023

Chicago-based R.J. O'Brien & Associates (RJO), the oldest independent futures brokerage and clearing firm in the United States, today announced the promotions of Matt Heidkamp to Executive Director, Chief Operating Officer (COO), U.S. for RJO and Gemma Lloyd to Chief Operating Officer, EMEA for the firm's UK-based affiliate R.J. O'Brien Limited (RJO Limited). Both executives bring decades of relevant experience to the roles – with Heidkamp spending nearly his entire 29-year career at RJO in trading and operations and Lloyd joining earlier this year with more than 25 years of experience in client service and sales management roles in the listed derivatives space with brokerage firms, investment banks and asset managers.