Tag: derivatives clearing

October 20, 2015 BY Maria Nikolova

Nodal Clear starts clearing Nodal Exchange contracts

Nodal Exchange, LLC on Monday announced the successful transition of 100% of the positions in Nodal Exchange contracts from the previous clearing house, LCH.Clearnet Limited, to Nodal Clear, LLC. Nodal Clear now functions as the central counterparty for all Nodal Exchange transactions. Twelve clearing members have been involved in the transition, which moved about 340…

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April 02, 2014 BY Gerald Segal

CME Group: FX contracts average daily volume up 11.1% from Feb

CME’s FX futures volumes made a favorable increase in March compared to February's results CME Group, the world's leading and most diverse derivatives marketplace, today announced that March 2014 volume averaged 14.1 million contracts per day, up 13 percent compared with March 2013.  Total volume for March 2014 was more than 295 million contracts, of…

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March 26, 2014 BY Gerald Segal

Spin off and reorganization at BNP Paribas amid changes

French bank BNP Paribas dealing with ever changing regulatory environment BNP plans a separate derivatives clearing business, as part of its near term strategy to increase earnings at its fixed income business. BNP Paribas will shift its OTC client clearing and FX prime brokerage operations alongside its listed derivatives clearing business. The businesses had previously sat…

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February 27, 2014 BY Gerald Segal

CME Group receives Bank of England's approval to launch FX derivatives

The company aims to launch its new OTC derivatives offerings on the 3rd of March The European division of the CME Group, CME Clearing Europe has announced today that it received regulatory approval to launch Overnight Index Swaps, zero coupon swaps, Forward Rates Agreements, basis swaps and variable notional swaps. In addition the company is…

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December 18, 2013 BY Gerald Segal

LCH.Clearnet gets CFTC license to clear derivatives

Top tier FX derivatives and CFD’s liquidity provider is already regulated by FCA and ACP The Commodity Futures Trading Commision has announced in a statement on Tuesday that it has granted a license to Banque Centrale de Compensation, part of LCH.Clearnet SA (LCH.C SA) a registration to handle derivatives transactions as a derivatives clearing organization…

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October 28, 2013 BY Gerald Segal

Russia's central bank will enforce derivatives transactions through a central clearer

Bank Of Russia will introduce G-20 regulations regarding derivatives contracts in about 18 months. Starting today, the Moscow exchange has a central clearing mechanism for derivatives contracts, and there is wide speculation that it will become mandatory in 18 months. According to newly installed regulatory head Sergey Shvetsov, it will bring additional transparency to the…

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