Subject: Reporting grumbles, intraday repo rumbles, and prediction goes off-exchange

7 DAYS IN 60 SECONDS

Report once: will Esma’s €1bn reforms deliver the full picture? Critics say plan to merge three reporting regimes will see scant returns, and won’t mesh with single-sided reporting

THIS WEEK'S TOP STORIES

Regulation Report once: will Esma’s €1bn reforms deliver the full picture? Critics say plan to merge three reporting regimes will see scant returns, and won’t mesh with single-sided reporting 24 Aug 2026   |  Feature

Risk management Risk managers grapple with hazards and benefits of intraday repo Expected increase in collateral velocity and re-use could also boost leverage and risk in markets 25 Aug 2026   |  News

Markets Big investors turn to off-exchange prediction markets Millions of OTC event contracts are being traded monthly, with individual deals as big as $10 million 26 Aug 2026   |  News

Markets How US dealers flipped the script in OTC trading Dealer Rankings 2026: After years of creeping specialisation, buy-side filings show top US houses expanding across the board, and squeezing European rivals 21 Aug 2026   |  Feature

Our take Critics say perps are all froth. The numbers suggest otherwise Healthy open interest in perpetual futures with TradFi underlyings could threaten incumbent exchanges like CME and Eurex 26 Aug 2026   |  Opinion

STAT OF THE WEEK

Cross-border credit to the US hits highest since 2008 Cross-border bank credit to US borrowers reached 20.2% of GDP at the end of the first quarter – its highest share in 18 years.

QUOTE OF THE WEEK

CFTC accused of ‘double standards’ on compute futures “I think it’s truly important that we don’t have double standards for people that have prediction markets on compute, but yet we will not have a listed spec contract” – Terry Duffy, CME