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 >>
ISE Fills Two Executive IT Management Posts
ISE’s Chief Information Officer to Retire in April The International Securities Exchange (ISE) reports that Robert Cornish, its current chief technology officer (CTO), will move to the post of chief information officer (CIO) on the April retirement of current CIO Daniel Friel, while Thomas Reina, the current senior vice president, technology development, will become CTO…. Read More >>
ISE Fills Board Posts
International Securities Exchange Holdings, which operates two U.S. options exchanges, ISE and ISE Gemini, has named one new member to the boards of directors of its two exchanges, while re-electing 11 others, including one competitive market maker (CMM) director, one electronic access member (EAM) director, eight non-industry directors, and the CEO director. The new board… Read More >>
FSB Reports Progress on OTC Reform as SWIFT Debuts BIC-to-LEI Mapping
FSB Reports ‘Substantial Progress’ for OTC Reforms The Financial Stability Board reports that “substantial progress” is being made via standard-setting bodies, national and regional authorities and market participants toward meeting the goals of over-the-counter (OTC) derivatives reforms set by G20 Leaders four years ago. However, the FSB would like to see greater acceptance of centralized… Read More >>
ISDA Chairman Goes Full Time as BNP Paribas Hires for OTC Clearing
ISDA Makes Board Chairmanship a Full-Time Post The International Swaps and Derivatives Association’s board of directors has appointed Stephen O’Connor to an expanded, full-time chairmanship with a mandate to take a leading role in derivatives industry reform while “assuming a more active, hands-on involvement in driving ISDA’s strategic initiatives,” say ISDA officials. A full-time chairman… Read More >>
