Derivatives exchange to adopt SOLA trading platform
Fund will not assume net short positions, Cumberland says
EDX London will move onto Montreal Exchange technology in November
U.S. regulators to address OTC market in credit default swaps
The Bank for International Settlements reported that notional amounts outstanding of over-the-counter derivatives continued to expand in the first half of 2008, although credit default swap volumes ticked down.Notional amounts of all types of OTC contracts stood at US$683.7 trillion at the end of June, 15% higher than six months before, the BIS said.However, terminations […]
Regulators in Canada, U.S. and Europe spurred by recent market turmoil to increase scrutiny
The Federal Reserve Bank of New York said that it welcomes a pledge by major market participants to further strengthen the operational infrastructure for over-the-counter derivatives.In a letter released today, market participants outline plans for building a stronger integrated operational infrastructure capable of supporting the rapidly growing OTC derivatives market.The commitments presented in this letter […]
Act will allow MX to be more efficient, minister says
The Federal Reserve Bank of New York hosted a meeting to review the industry’s strategy for addressing weaknesses in the operational infrastructure of the over-the-counter derivatives market.Yesterday’s meeting, which included major market participants and their domestic and international supervisors, was the fourth with major dealers on this topic and the first to include buy-side clients […]
Index opens freight derivatives market to institutional investors and private banking clients