Asset Classes

BoC calls for wider access to global CCPs

Use of global clearing houses to reduce counterparty risk in the financial markets could be undermined if membership is not broadened, according to Tim Lane, deputy governor of the Bank of Canada.

Kabu.com to close amid unfavourable market environment

Retail-focused Japanese proprietary trading system (PTS) Kabu.com has said it will cease operations from next month, citing a change in the trading environment sparked by the new trading platform launched by the Tokyo Stock Exchange last year.

PLUS admits first derivatives member

PLUS-DX, the derivatives market operated by UK retail-focused exchange group PLUS Markets Group, has signed broker-dealer Vantage Capital Markets as its first trading member after receiving regulatory approval in July.

State Street broadens derivatives clearing service

State Street Global Markets, the US investment research, trading and clearing service provider, has expanded its futures commission merchant activities to include a swaps clearing platform.

Eurex reports KOSPI success

Eurex, the derivatives exchange owned by Deutsche Börse, has announced strong growth in the Eurex KOSPI contract just over one year after its launch on 30 August 2010.

Indian exchanges seek equity derivatives liquidity boost

India's two major exchanges have released details of liquidity enhancement programme for equity derivatives following a recent circular from national regulator the Securities and Exchange Board of India allowing such schemes.

Predators lurking in MiFID II's long grass – Equiduct CEO

Peter Randall, chief executive of Equiduct, a pan-European retail-focused trading venue, has lambasted the European Commission for failing to adequately reform best execution in the latest draft of MiFID II.

Dodd-Frank will not be derailed, says Woodbine

Despite mounting criticism of new derivatives rules, the US Commodity Futures Trading Commission will not be deterred from implementing the Dodd-Frank Act before the year is out, according to Sean Owens, director, fixed income and derivatives at US financial consultancy Woodbine Associates.

MTF initiative allows shorting of European banks

Leading pan-European multilateral trading facilities have codified the responsibilities of market makers to ensure a harmonised approach to the ban on short selling bank stocks introduced by a number of European countries in mid-August.