Securities regulators in Canada will enforce amended trade reporting rules for derivative transactions starting July 25, 2025. This leaves less than three months for participating firms to prepare for the new regulatory framework. “Key aspects of the final regulation changes include the adoption of additional critical data elements, introduction of collateral reporting requirements, updates to… Read More >>
Departing CFTC Chairman Urges Guardrails for Digital Assets
The incoming Trump administration will have clean slates as far as regulating U.S. securities and commodities markets as Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced on January 7 that he will be stepping down from his position on January 20 with his final day being Friday, February 7. Behnam was… Read More >>
SIX Supports Six New Currencies for Swaps Clearing
SIX, the financial exchanges, data, services, and systems provider, is expanding its multicurrency swaps offering via BME Clearing, a Spanish central counterparty clearing house (CCP). This is an alternative to the E.U. requirement that firms use a European CCP for the clearing of Euro-denominated interest rate swap (IRS) transactions. SIX owns BME Clearing. The European… Read More >>
U.K. Markets Are Ready for U.P.I. Reporting: DSB
The Derivatives Service Bureau (DSB), a global reference data source for over-the-counter (OTC) derivatives transactions, has released data indicating that U.K. markets are ready for the onset of Unique Product Identifier (U.P.I.) reporting, slated for September 30, 2024, under revised U.K. EMIR rules. “The U.P.I. is reported to trade repositories so regulators can monitor the… Read More >>
DDJ Bolsters Ops via Cloud Version of Portia
Firm Gains Time, Ops Advantages via SS&C Hosting Investment manager DDJ Capital Management has signed on to use the hosted, software-as-a-service (SaaS) version of the venerable Portia system to outsource the creation, maintenance and control of overnight workflows and batch jobs, say officials at SS&C Technologies, the financial IT conglomerate that owns Portia. The SaaS… Read More >>
