Derivatives marketplace company CME Group has expanded its presence in the global commodities market with the planned addition of FTSE CoreCommodity CRB Index futures, pending regulatory approval. The FTSE CoreCommodity CRB Index tracks a diversified basket of 19 commodities — including energy, agriculture, precious metals, and industrial metals. Officials say the new offering is designed… Read More >>
Support Growing for ISDA’s Initial Margin Standard
Support is growing for a new methodology for calculating initial margin for non-cleared derivatives instruments that was developed by the International Swaps and Derivatives Association (ISDA). Simultaneously, exchange and clearinghouse operator, the Intercontinental Exchange (ICE), reports that the ICE Benchmark Administration (IBA) group, a provider of regulated benchmarks, launched a crowdsourcing facility in support of… Read More >>
Dutch Pension Fund to Use SimCorp Data Warehouse
Already a SimCorp customer, Dutch pension fund provider Vermogensbeheer B.V. (PGGM) has chosen to use SimCorp’s Data Warehouse solution with the intention of improving its performance, analytic and benchmark operations, SimCorp officials say. PGGM manages roughly €200 billion ($310.9 billion) in pension assets and has been using SimCorp Dimension since 2006, officials say. The decision… Read More >>
ICE’s IBA Launches Revamped ISDAFIX
Intercontinental Exchange (ICE) officials have announced that the ICE Benchmark Administration (IBA) will introduce a new calculation methodology for ISDAFIX, starting Feb. 16, 2015, marking a new era for the global benchmark for interest rate swaps. ISDAFIX represents the average mid-market swap rates for three major currencies: the Euro (EUR), British pound (GBP) and U.S…. Read More >>
