Buy-side told to expect higher clearing fees
Clearing banks are under increasing pressure from record low interest rates, and may be forced to pass on costs to their end-clients.
Tag: clearing
EMIR paving way for non-bank clearing partnerships
Buy-side firms may struggle to access markets as banks withdraw from clearing services.
Futures exchanges unable to shift OTC derivatives, says Rolet
Services such as portfolio compression have encouraged banks to stick to OTC derivatives as opposed to trading swap-futures products.
EC approves clearing mandate for single-name CDS contracts
Central clearing could improve liquidity and confidence in a market that has significantly declined since 2008.
ICE taps JP Morgan for US clearing role
Hester Serafini joins ICE as chief operating officer of ICE Clear US, nine months after she left the US investment bank.
JPX selects Cinnober derivatives clearing tech
Cinnober will upgrade the clearing technology for futures and options contracts traded on the Osaka Securities Exchange (OSE).
A radical world for FCMs
Citi’s Jerome Kemp says clearing brokers must accept the new reality facing them and adopt radical changes to their models.
JP Morgan moves global clearing role to London
Dave Olsen, global head of futures, options and OTC clearing for the bank will also leave the team, according to an internal memo.
JP Morgan clearing and collateral head departs
Emily Portney left the bank on Monday to “pursue a new opportunity”, according to an internal memo.
CME chairman confident on US-EU equivalency agreement
The cut-off date for the ruling is February 21, and if an agreement is not reached by then, the cost for European banks to trade and clear with US clearing houses will sky rocket.