Weaker clearing members could be overstretched by a crisis, dealers warn - but LCH.Clearnet and CME differ on the risk of wider access
The hare and the tortoise
Moving OTC trades onto CCPs will increase op risks
Asia became the largest exchange-traded derivatives contracts market for the first time last year. It now holds top spots in terms of contracts volumes for equity, metals and foreign exchange products.
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
Derivatives exchanges report a spike in trade volume on the back of growth in Asia-Pacific and Latin America, and strength in the commodities sector.
Michael Everaert has joined CME Group as head of OTC solutions
Renewed risk appetite
CME Group chief executive slams proposed position limit regulations as “unnecessary”
The sharp increase in oil price volatility resulting from political upheaval in Libya and across the Middle East has helped push the volume of oil options traded to a new all-time high
Oil prices will continue to rise to triple-digit highs over 2011 on long-term Egypt risk premiums and continual unrelated underlying issues, say market experts
Caps in hand?
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
Risk awards 2011
Risk awards 2011
The price you pay
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
A new index measures changes in the market value of venture capital-financed companies in the US
Findings of UBS equity analysts stoke fears of race to the bottom among over-the-counter derivatives clearing firms
Asia overtook North America as the biggest exchange-traded derivatives market for the first time during the first half of the year. And the exchange derivatives market may continue growing after the Dodd-Frank Act and other regulatory reforms, market...