EURO STOXX 50 Index Dividend Options and EURO STOXX Banks Index Dividend Options from European derivatives exchange Eurex can be directly traded from the U.S., underscoring Eurex’s plans to expand globally, officials say. U.S. derivatives regulator the Commodity Futures Trading Commission (CFTC) approved Eurex’s efforts to offer its dividend options directly to participants in the… Read More >>
Deutsche Börse Group Revamps & Refines Co-Location Network
As part of its co-location network upgrade for 2017, Deutsche Börse Group is using a system from Metamako to bolster the data capture, network monitoring and timestamping to achieve the “full visibility of every packet crossing its networks, especially during traffic bursts,” according to Deutsche Börse officials. The co-location of hardware servers and other equipment… Read More >>
E.U. Kills LSE-Deutsche Börse Merger
On the same day that Brexit launched, the London Stock Exchange Group (LSEG) and Deutsche Börse have definitively called it quits after the European Commission prohibited the proposed merger, citing the potential of a monopoly in the markets for clearing fixed income instruments. The E.C. investigation “concluded the merger would have created a de facto… Read More >>
E.U. Regulators Fear Combined LSE-DB Will Be a Monopoly
The European Commission has narrowed its focus into the £21 billion ($26 billion) merger of the London Stock Exchange (LSE) and Deutsche Börse to derivatives clearing, dropping many of its previous competition concerns from its investigation launched in September. They included exchange-traded products, the licensing of indexes and trading of German government bonds. The main… Read More >>
Eurex Clearing Applies TriOptima’s Portfolio Compression
Eurex Clearing Implements triReduce Post-trade infrastructure provider TriOptima announced that Eurex Clearing members recently completed the first successful triReduce compression cycle for cleared euro (EUR) interest rate swaps (IRS), officials say. “Portfolio compression” reduces the size of an existing over-the-counter, interest rate swaps portfolio “with respect to the number of trades and notional through early… Read More >>
Markit, ISDA Move to Settle EU Probe
Markit, the U.K. data provider, and the International Swaps & Derivatives Association (ISDA), an industry trade group, have offered concessions in an effort to settle a European Union antitrust investigation into possible collusion in the credit default swaps (CDS) market, according to the European Commission. The Commission is seeking feedback from interested parties on the… Read More >>
Commerzbank Signs On for Hosted Margining
A German firm, Commerzbank, is the first sell-side institution to use OpenGamma’s new, hosted margining service as the bank grapples with the rise in demand for pre-trade margin comparison requests, bank officials say. The hosted OpenGamma for Margining “comes at a time when Category 2 market participants are just two months away from joining Category… Read More >>
GMEX’s IRS CMF Contracts to Launch Next Month
Financial conglomerate Global Markets Exchange Group (GMEX) will begin providing a Euro-denominated, constant maturity interest rate swaps, dubbed the IRS Constant Maturity Future (CMF) contracts, for trading and clearing on Eurex, starting August 7, officials say. Constant maturity swaps are a variation of interest rate swaps for which the floating interest portion is reset periodically… Read More >>
TTC Supports Eurex Clearing Prisma Margining
Officials at the Technancial Company (TTC), a provider of real-time risk management and trade surveillance tools, say they are “first to market” with offerings that support the new Eurex Clearing Prisma 2.05 real-time margin methodology. The announcement was made at the 40th Annual Futures Industry Association (FIA) Conference, March 10-13, at the Boca Raton Resort… Read More >>
