Cinnober Financial Technology reports the signing of an order with Euronext, the European exchange group, for a trade validation and confirmation solution that will run on its Tradexpress trading platform and be adapted to Euronext’s specific requirements. The planned service is expected to launch with equity derivatives in the spring of 2015, according to a… Read More >>
Eurex Licenses GMEX’s CMF for Trading & Clearing
Global Markets Exchange Group, a wholly owned subsidiary of Global Markets Exchange Group International (GMEX), and Eurex, an international derivatives exchange market, report reaching a license agreement, under which Eurex will license GMEX’s Euro-denominated constant maturity future (CMF) for trading, via Eurex’s multilateral trade registration (MTR) service, and clearing on Eurex Clearing. In addition, “GMEX… Read More >>
Elizabeth Warren Attacks Dodd-Frank Section Repeal
U.S. Sen. Elizabeth Warren launched an attack on a provision in the omnibus, $1.1 trillion spending bill of Congress that would prevent Section 716 of the Dodd-Frank Act from ending federal government bailouts for financial services firms engaged in risky swap derivatives. Despite Warren’s call for the House of Representatives to pull the repeal, the… Read More >>
Q&A: Settling Margin Calls Without ‘A Single Human Touch’
Broadridge Financial Solutions is bolstering its CollateralPro solution via a new partnership with AcadiaSoft, a provider of the MarginSphere margin call confirmation technology for collateral management. Jerry Friedhoff, managing director of securities financing and collateral management at Broadridge, took time out of his schedule to answer FTF News’ questions about the agreement that integrates MarginSphere… Read More >>
DTCC’s GTR Launches in Canada
Post-trade services provider DTCC has taken another step toward its goal of establishing an industry-wide repository for over-the-counter (OTC) derivatives via the launch of its Global Trade Repository (GTR) in Canada, which will target buy-side firms when they begin reporting next year. The Ontario Securities Commission, the Autorité des Marchés Financiers in Québec and the… Read More >>
CFTC Orders Rule Reviews for DCMs
The CFTC’s Division of Market Oversight (DMO) has issued three separate rule enforcement reviews impacting major Designated Contract Markets (DCM) serving as trading venues, officials say. The DMO’s rule enforcement reviews will impact the Chicago Board of Trade (CBOT) and Chicago Mercantile Exchange’s (CME) audit trail program, the New York Mercantile Exchange (NYMEX) and Commodity… Read More >>
GFI SEF to Support USD MAC Swaps
Interdealer broker GFI Group reports that it has launched US dollar (USD) market agreed coupon (MAC) swaps on its swap execution facility (SEF). Live tradable prices for these contracts are available in a central limit order book (CLOB) on RatesMatch, GFI’s electronic trading platform for interest rates, according to the company, which adds that the… Read More >>
Q&A: Post-Trade Integration Key to SEF Success
James Cawley was a co-founder of Javelin Capital Markets, the parent company of the pioneering Javelin SEF (swap execution facility). As regulators and the industry laid the groundwork for SEFs, Cawley took on a very public role in helping shape the rules and regulations of over-the-counter derivatives trading reform. Most recently, he led a key… Read More >>
FINRA Survey Finds Big Support for ‘Cop on the Beat’
The Financial Industry Regulatory Authority (FINRA) has unveiled a survey of 1,000 investing adults, finding that fully 92 percent of investors queried agreed to some degree that “it is important to have a regulatory ‘cop on the beat’ to protect investors and police the markets.” Specifically, 62 percent of survey respondents strongly agreed with that… Read More >>
Genpact, Lombard Risk Target Collateral Management Woes
Genpact, a specialist in business processes, operations and technology, and Lombard Risk Management, a collateral management services vendor, are joining forces to help firms optimize increasingly expensive collateral management operations, officials say. A new collaboration between the two will integrate Genpact’s Collateral Agreement and Reference Data Services (CARDS) and Lombard Risk’s COLLINE collateral, clearing, inventory… Read More >>
