The comments were made before the US House of Representatives’ Committee of Financial Services, which discussed the increased volatility from retail traders in January.
ICE Clear Credit launched its clearing services for CDS index options last year and expects to add options on iTraxx instruments to its offering in 2021.
As the consultation period for Europe’s Settlement Discipline Regime concludes, industry associations again step up calls for the removal of mandatory buy-ins.
BNY Mellon will offer its new digital assets custody and administration services later this year via new dedicated unit.
BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.
The fine was ordered by regulator in Sweden after a trader defaulted and Nasdaq Clearing had to tap its own funds to cover the losses.
The EU regulator has adopted an equivalence decision that determines US CCPs under the Securities and Exchange Commission regime as equivalent to EU rules.
LiquidityDrive data service to cover more than 460,000 global corporate and government bonds and combine executed trade settlement data with custody activity data.
New partnerships with Clearstream, Euroclear and Iberclear will provide a single point of access to minimise cross-border hurdles.
The new company will combine the two entities’ post-trade services, offering trade processing and risk mitigation operations in the OTC markets.