Intercontinental Exchange (Ice)
Technology
Special report
Middleware key to clearing success
The ware-rich project
CFTC heeds buy-side demands for increased margin protection
The price you pay
Concern over scarcity of high-quality assets forces CCPs to broaden eligible collateral
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
DME's Q3 results point to struggle for crude futures
The Dubai Mercantile Exchange’s latest trading results reveal low liquidity levels for its key oil futures contract, despite a face-value surge in trading volumes
Dealer concern over proposed change to client margin segregation
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
Buy-side favours low-cost clearing, says UBS
Findings of UBS equity analysts stoke fears of race to the bottom among over-the-counter derivatives clearing firms
Eurex freezes marketing of CDS clearing
Eurex has halted the marketing of its credit default swap (CDS) clearing operation after failing to attract sufficient business, Risk understands.
Updated Isda CDS novation process to boost efficiency while minimising risk
Revised rules replace laborious consent-then-confirm novation process
Singapore’s commodities derivatives exchange to go live
Singapore’s central bank Monetary Authority of Singapore (MAS) gives the green light for new commodity and currency derivatives bourse
Clearing dilemma for CCPs
Dealers have made progress towards clearing swaths of the over-the-counter derivatives market. But market participants are likely to have to clear more awkward products to satisfy regulators’ demands. Mark Pengelly investigates
Liquidity critical to OTC clearing, argue dealers
Regulators should consider liquidity when deciding which over-the-counter derivatives should be cleared, say market participants
Dealer-led market may be disrupted by Dodd-Frank
Banks could lose margins and competitive edge as a result of derivatives reforms in Dodd-Frank Act
FSA bans drunk oil broker for market abuse
The FSA has fined and banned a former oil futures broker for manipulating the price of brent oil after an “extremely heavy” drinking session.
Singapore's SMX WTI contracts seen struggling against NYMEX and ICE
The Singapore Mercantile Exchange WTI contracts, which offer a WTI contract throughout the Asian time zone, are unlikely to challenge Nymex and ICE, say market players
Markets give backing to WTI as oil benchmark
Strong Q2 trading volumes reassert WTI's place as global pricing benchmark
E.ON Energy Trading enters US natural gas market
German power and gas company E.ON begins drive to expand presence in US gas market.
Buy side steers clear of CCPs
Regulators have pushed hard to ensure buy-side firms are able to access central counterparties since the crisis began. But despite the launch of several new services, very few buy-side participants are actually using them. By Mark Pengelly
CFTC pushes on with regulatory sweep
The US Commodity Futures Trading Commission (CFTC) moved to increase oversight of several unregulated energy contracts today, even though broader financial reform from Congress could negate the action.
Isda AGM: 'Trepidation' over central clearing, admits CME
Uncertainty over the final shape of regulatory reform is reportedly making buy-side firms wary of committing to central clearing.
Dealers warn of risks of forced allocation in OTC clearing
Clearing houses could cause large losses for their members if they don't put limits on portfolio allocation, dealers think.
Buy-side CDS clearing 'not really happening'
Despite regulatory calls for buy-side clearing of credit derivatives, few client trades are being cleared.
