Futures
FIA appoints new president
Walter Lukken, chief executive of pioneering clearing house NYPC - and former CFTC commissioner - replaces John Damgard, FIA head of 30 years
MF Global: non-US clients caught in cross-border collateral trap
Omnibus structure meant clearing clients of MF Global outside the US were asked to double up on collateral payments. Use of the structure for OTC markets is now in doubt
Dealers face up to OTC clearing's tech revolution
Build or buy? It’s a key decision in every big IT project, and the shift to OTC clearing is one of the biggest the industry has faced. Many dealers are adapting existing in-house systems, but vendors are also pushing off-the-shelf solutions
CFTC’s Chilton: lessons learnt from MF Global
MF Global “new poster child for the need for thoughtful regulation" that must be "proactive, nimble, quick", says CFTC’s Chilton
Block trade allocations: FCMs and CCPs prepare for new regime
Big asset managers face some challenges in the move to central clearing – specifically, executing block trades and then allocating them across tens of sub-funds. Not all clearing members or central counterparties are set up to facilitate this, but…
Dealers face up to OTC clearing's tech revolution
Build or buy? It’s a key decision in every big IT project, and the shift to over-the-counter clearing is one of the biggest the industry has ever faced. Many dealers are adapting existing in-house systems, but vendors are also pushing off-the-shelf…
Eris Exchange: Brady's bunch aims to make swap futures a hit
Swap futures have had some bad press in recent weeks, but Eris Exchange insists it can make them work - and add diversity to the OTC market as a result
Emir should include exchange-traded derivatives, says Gensler
CFTC chairman says European regulators should expand scope of Emir to include all derivatives, rather than OTC only
NYSE Liffe: one pot to rule them all
For OTC clearing to work, the market will need to find and capture reliable margin offsets, says Tom Callahan, chief executive of NYSE Liffe US. By Mark Pengelly
CME delays dollar/renminbi futures due to settlement system issues
The US exchange operator hopes to create a transparent, liquid futures contract for renminbi, offering an alternative to the privately negotiated market. But the launch was delayed due to settlement system problems and some traders believe the exchange…
Regulator strengthens enforcement authority
CFTC finalises new Dodd-Frank anti-manipulation rule but energy experts continue to question its value
Turquoise prepares for derivatives launch
Adrian Farnham, chief executive of Turquoise, talks to Alexander Campbell
Algorithmic trading in energy
Algorithmic trading has made slow progress in energy markets. Ned Molloy looks at the reasons for the limited uptake and at the market’s prospects
Time runs out for position limits comments
CFTC’s latest position limits plan attracts thousands of comments; opinion deeply divided; new commissioner to affect final vote
CME slams potentially stricter position limit rules
CME Group chief executive slams proposed position limit regulations as “unnecessary”
Algorithmic trading will come to coal and natural gas, says exchange president
When coal and gas futures reach the liquidity levels of oil, algorithmic traders will enter the marketplace
Draft European clearing rules threaten Eurex business model
Analysts warn Council of the European Union proposals could hurt trading revenues at Eurex, as its owner, Deutsche Börse, pursues merger talks with NYSE Euronext
Henry Hub futures activity surges
Volume in Nymex’s benchmark Henry Hub natural gas contract exceeds 500,000 contracts for first time
The controversy over position limits
The Commodity Futures Trading Commission voted through proposed rules for commodity derivatives position limits last month, but the restrictions have provoked strong objections from market participants. By Peter Madigan
BNP Paribas launches Russian stock dividend futures in London
The London Stock Exchange’s derivatives platform EDX London has begun listing dividend futures on six Russian stocks.
Chilton to support comments on position limits
Commissioner supports publishing position limits proposals for public comment; continues to call for interim position "points" system to collect data
Horizons BetaPro unveils US volatility ETFs
Horizons BetaPro has launched the first ETF in Canada to track the S&P Vix 500 Short-Term Futures index
BarCap ETN offers access to volatility
Barclays Capital is offering a capital-at-risk exchange-traded note based on volatility, combining long and short positions on the mid-term and long-term S&P 500 Vix Futures indexes
CME’s CCP to clear Middle East products and reduce 'black swans'
Clearport courts emerging market derivative exchange products in a bid to reduce systemic risk in commodity markets