Trading
ESMA gives go-ahead for sterling LDI buffer
It has approved plans by Irish and Luxembourg regulators to impose an additional buffer on sterling-denominated liability-driven investment funds, as regulators look to safeguard markets after the gilt crisis in September 2022
Trading
Eurex expands green bonds for repo service in ESG push
Deutsche Boerse-owned Eurex has added a new basket of green bonds that can be used in its repo service, a boost to its environmental, social and governance (ESG) product suite
Trading
Out of hours trading drives equity index options records – CME
CME Group has seen record growth in trading of equity index options outside of US trading hours
Regulation
ANALYSIS: Industry adapts to new EMIR Refit reporting requirements
Kaizen has been working for years with firms bound by the new European Securities and Markets Authority (ESMA) regulation which sees the number of fields in a report increase to 203 from the 129 fields
People
Tradition appoints former CME EMEA head Everaert in tech role
Interdealer broker Tradition has appointed former CME Group executive Michel Everaert to head up its electronic trading business, with responsibility for integration of new technology
Trading
Cboe plans to close crypto exchange, move bitcoin futures
Cboe Global Markets will shut down its cryptocurrency spot market and move its futures from its standalone exchange after a strategic review of the business
Trading
Ten banks, market-makers back BGC US treasury futures venue
BGC Group has announced a group of ten strategic partners for its much anticipated US Treasury futures trading platform, marking a milestone in its bid to challenge CME’s dominance in the US rates market
Trading
ANALYSIS: Competition heats up in Japanese risk-free rate market
There has been a spike in volume in the nascent Tokyo Overnight Average Rate (TONA) future market this year, but senior executives agree there is more to do to harness the potential of the Japanese risk free rate market
Trading
High-frequency trading boosts EEX power derivatives market
The European Energy Exchange (EEX) has cited a growth in adoption by algorithmic traders as it reported record volumes in its European power derivatives markets for the last 15 months
People
Marex to list shares today on Nasdaq at $19 a share
London-based Marex said on Thursday it will list in its April 25 initial public offering 15.4 million shares on the New York-based Nasdaq Global Select market under the ticker MRX
Trading
Deutsche Boerse backs fixed income strategy despite flat revenues
Senior executives at Deutsche Boerse are confident in their fixed income projections, after a rise in volume failed to increase revenues in the segment due to the cost of incentive schemes and margin related factors in the first quarter
Trading
CME reports first quarter revenue up 3.2% to $1.49bn
The Chicago-based group reported on Wednesday clearing and trading revenue of $1,208.9m in the first three months of this year, which was up 0.7% on the same time last year, while CME’s market data earnings rose 5.8% to $175.4m
Trading
‘No major bottlenecks’ in clearing fire drill – ESMA
The European regulator has said it found no major operational issues after its participation in the largest global central counterparty (CCP) “fire drill” exercise last year
Regulation
ANALYSIS: US Treasuries market braces for clearing mandate
Speaking on a panel hosted by the Institute of International Finance, US Treasury securities experts discussed the efforts to impose central clearing in the vast US fixed income market and their likely effects
Trading
HKEX derivatives market grows as revenue slides 6%
HKEX has said growth in its derivatives franchise, including a rebound in the performance of its London Metal Exchange (LME) venue after last year’s nickel market closure, has helped counteract a slide in cash and listings activity in the first quarter
Trading
Deutsche Boerse quarterly revenue up 16% boosted by SimCorp
Deutsche Boerse is pressing ahead with plans to integrate its new technology and data division, after the acquisition of SimCorp was cited as a key driver for an increase in revenue in the first quarter
Trading
CME pledges first US corporate bond futures on June 17
CME Group has confirmed it will start trading US corporate bond index futures in two months, after first announcing the move earlier this year
Trading
FCA plans to extend ‘greenwashing’ rules to portfolio managers
The UK regulator is considering extending its new rules restricting “greenwashing” in environmental, social and governance (ESG) financial product marketing, capturing portfolio managers in the rules set to come into force next month
Trading
ANALYSIS: Pressure builds on US Basel Endgame capital rules
A number of former regulators have said that a wave of criticism means a redraft of the US version of Basel III capital rules (called “Endgame”) is likely with the process drawing out into next year
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