Asian regulators are expected to closely follow their peers in the US and Europe in demanding swap execution facilities and over-the-counter derivatives clearing in Asia. This may bolster e-trading for NDFs based on Asian currencies
SGX could expand its OTC clearing service to the Australian market once a decision has been made on a merger with ASX, but it also plans to add new currencies and asset classes – including forex forwards
The exchange says the new offshore renminbi secondary market liquidity pool will not introduce additional counterparty or forex risk, thanks to a back-to-back arrangement with interested partner banks and brokers
BNP Paribas awarded third-party clearing waiver by SFC; predicts tectonic shift in clearing practices
BNP Paribas Securities Services has secured a waiver from the SFC, which could mark a turning point for the outsourcing of clearing services in Hong Kong
Stockholm-based service already has Swedish debt office on board. Launch planned for second half of 2011
Analysts warn Council of the European Union proposals could hurt trading revenues at Eurex, as its owner, Deutsche Börse, pursues merger talks with NYSE Euronext
Caps in hand?
CCP charge confusion
One major dealer says it may reassess CME membership, while others also raise concerns about the CCP’s willingness to allow clearing members to use third-party marks
Firm might not be able to live with 99% reduction in minimum capital requirement under Dodd-Frank Act, says chief executive
HKEx plans to beef up its risk management following the bankruptcy of Lehman Brothers in September 2008 by introducing margin rules and seeking more funds from cash clearing members. The move would bring cash clearing more in line with existing derivatives...
A clear market move
CFTC proposal sparks row over CCP membership
Been there, done that
The liquidity access debate
Regulators seek feedback on pros and cons of Canadian CCP as consultation draws to close
Traditional exchanges have nothing to fear from alternative trading venues as long as they keep innovating, according to the Singapore Exchange’s head of corporate and market strategy. OTC derivatives central counterparty clearing, meanwhile, presents...
Clearer will extend coverage to third asset class in 2011, with support from 13 banks
Middleware provider MarkitServ now in line with industry standard - two months after initially planned and more than three months after rival Ice Link.
Basel Committee considers capital charges on CCP default fund exposures
CCP turf war simmers as OTC regs head to European Parliament
The ware-rich project