Derivatives

Bursa Malaysia has introduced new functionality on its derivatives market that will allow its members to trade block-sized orders.

On both sides of the Atlantic, many capital-constrained swap dealers are balking at the expense of implementing new G20-endorsed rules for the clearing and on-exchange trading of derivatives, while doubting the benefits proposed by regulators.

US post-trade utility the Depository Trust & Clearing Corporation has launched a London-based trade repository for the US$553.8 trillion global OTC interest rate derivatives market. The repository will include data from 15 of the largest global dealers.

Société Générale Corporate and Investment Banking’s direct capital access offering now includes electronic order facilitation of exchange-traded funds.

European trading platform operators are now starting to define their MiFID II and Dodd-Frank-compliant venue offerings but gaps in the two rulebooks are causing uncertainty for those wanting to service both American and European markets.

US Congress’s House Financial Services Committee has approved bills in the Dodd-Frank Act that clarify swap execution facilities and exempt some buy-siders from risk mitigation measures concerning OTC derivatives.

Some MF Global account holders may see their money earlier than originally expected, following the broker’s bankruptcy and subsequent freezing of customer positions.

US buy-side firms have warned that current derivatives rules are confusing and open to interpretation, backing regulators’ plans for a rethink of the Investment Company Act of 1940.

US-based trading technology provider and agency brokerage ConvergEx has released its RealTick 11 execution management system (EMS), which has been designed to help traders to benefit from cross-asset

The unwinding of client positions at failed futures broker MF Global is being complicated by the different liquidation policies of futures clearing houses, but institutions are also re-examining their own counterparty risk procedures.