Category: Institutional

DTCC - new additions to the Board
January 08, 2019 BY Valentina Kirilova

DTCC to provide derivatives trade reporting services in Switzerland

The Depository Trust & Clearing Corporation (DTCC) has announced that it has received regulatory approval from the Swiss Financial Market Supervisory Authority. DTCC will now be able to provide trade reporting services in Switzerland via DTCC’s Global Trade Repository service (GTR) in Europe. GTR will further expand its services to market participants in support of reporting…

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National Grid reaches agreement with gas workers
January 08, 2019 BY Valentina Kirilova

National Grid reaches agreement with gas workers

British multinational electricity and gas utility company National Grid plc (LON:NG) has just announced that it has reached a satisfactory agreement over employment terms & conditions with two unions representing workers of the company's Massachusetts Gas business. National Grid plc is headquartered in Warwick, United Kingdom. Its principal activities are in the United Kingdom and Northeastern…

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Bank of China (UK) Limited joins LCH’s SwapClear
January 07, 2019 BY Valentina Kirilova

Another record year for LCH Group

The global clearing house LCH has just announced that 2018 was a record year for volumes across its clearing services at LCH Ltd and LCH SA. Equities, fixed income, and OTC derivatives clearing services all surpassed 2017’s clearing activity. Daniel Maguire, CEO, LCH Group, commented: 2018 was a strong year of delivery and innovation at…

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CLS Group trading volumes
January 07, 2019 BY Valentina Kirilova

CLS Group ADV volume down 7% MoM in December

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of December 2018. The average daily traded volume submitted to CLS was USD1.56 trillion - down 7.4% from USD1.68 trillion in November 2018.   Average daily traded volume submitted to CLS by…

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France enters the blockchain ‘arms race’ with largest European incubator
January 03, 2019 BY Valentina Kirilova

Chubb European Group moves to France in preparation for Brexit

Chubb European Group has just announced that it has moved its whole business from London to France, effective January 1, 2019. The company's decision was approved by regulators last year and it provides Chubb's clients with uninterrupted service regardless of the outcome of Brexit negotiations between the UK and the European Union. David Furby, Regional…

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CME Group record
January 03, 2019 BY Valentina Kirilova

CME Group with multiple records in 2018 volumes report

Derivatives marketplace CME Group (NASDAQ:CME) has just released its volumes report for 2018. The average daily volume (ADV) reached a record 19.2 million contracts, up 18% YoY. Highlights include: Record Interest Rate ADV, up 22 percent to 9.95 million contracts Record Metals ADV, up 12 percent to 638,000 contracts Record FX ADV, up 9 percent…

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Euronext
December 21, 2018 BY Valentina Kirilova

Euronext acquires 78% of the capital of Commcise

Euronext, the pan-European exchange in the Eurozone, has announced the acquisition of 78% of the capital of Commcise from its founders for an initial cash consideration of £27 million.  Commcise is a Software as a Service (SaaS) provider of research evaluation and commission management solutions for financial services firms, combining research funding, consumption and accounting into a…

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