Latest on Commodities
UK pensions hit with £100m margin calls as gilts and sterling slide
At least three LDI managers request emergency capital as others consider unwinds to avoid default
Ice to accept EUAs as collateral
Emissions certificates accepted to offset short EUA futures positions, subject to 14-day comment period
Esma’s €4bn clearing limit sparks ire from energy firms – again
European watchdog backs rise in commodity clearing threshold from €3bn in new letter, but energy traders say it’s not enough
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Quotes
The Mifid II position-reporting regime is not in a good place. It’s going to take at least six to 12 months to get this reporting to where the information being provided is of any use to anyone
Robert Barnes, Futures Industry Association
No regulator is requiring the [bitcoin spot] exchanges to do anything as far as trade surveillance and monitoring for manipulation
Gary DeWaal, Katten Muchin Rosenman
Many firms will already have set up their systems to reject any trades without an LEI, with no scope to delay transaction reporting. It’s being helpful in an unhelpful way
Jake Green, Ashurst
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Duffie: SEC plan heralds all-to-all Treasuries trading
Former Fed adviser welcomes long-advocated Treasuries clearing mandate
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