24Exchange Bermuda Trading Ltd., a multi-asset trading platform, has partnered with CobaltFX, a subsidiary of credit and post-trade infrastructure provider United Fintech, to offer live FX swaps trading to customers. Officials say the partnership addresses key issues in the FX swaps market that have long stymied the growth of the business, including credit limitations and… Read More >>
Calpers to Provide Liquidity to the OCC
The Options Clearing Corp. (OCC), a Chicago-based equity derivatives clearinghouse, has reached an agreement with the California Public Employees’ Retirement System (Calpers), the largest pension fund in the U.S., to establish a liquidity facility that will allow the OCC to tap Calpers for cash in the event of a default at one of its counterparties,… Read More >>
