Derivs - Clearing and Exchanges

Regulators should be cautious when proposing a clearing mandate for non-deliverable forwards due to the global nature of the fx market, along with regulatory differences between the US and Europe that have yet to be resolved.

The Chicago Board Options Exchange saw record volumes for futures that were traded on both the CBOE Futures Exchange and CBOE Volatility Index following an increase in market volatility.

Swap execution facility TeraExchange has executed the first bitcoin derivatives transaction between bitcoin firm digitalBTC and an unknown hedging company.

Overall credit default swap notional reported to swap data repositories last week increased by 17% from the previous week, according to data from the International Swaps and Derivatives Association. This follows four weeks of a consistent uptick in CDS notional, with a combined increase of 102%.

Derivatives market participants have eliminated $284.3bn in notional principal in the first compression cycle for cleared South African rand interest rate swaps using TriOpima’s triReduce and LCH.Clearnet’s SwapClear services.

Overall credit default swap notional reported to swap data repositories last week increased marginally by 4% from the previous week, according to data from the International Swaps and Derivatives Association. This follows three weeks of a consistent uptick in CDS notional, with a combined increase of 98%.

Overall credit default swap notional reported to swap data repositories last week increased marginally by 4% from the previous week, according to data from the International Swaps and Derivatives Association. This follows three weeks of a consistent uptick in CDS notional, with a combined increase of 98%.

TriOptima has completed the largest energy portfolio compression cycle to date, eliminating a notional outstanding value of $12.1bn.

Central counterparty clearing houses should have more "skin in the game" to keep them from liquidation, according to panellists debating CCP risk at the 35th annual Bürgenstock forum for global derivatives markets in Geneva on Wednesday.

A senior officer from the European Securities and Markets Authority warned on Thursday that submitting data to trade repositories is not enough to fulfil the legal obligation to report derivatives transactions in Europe, and that market participants must take steps to ensure the pairing and matching of trade data they file.

Some smaller dealers in Canada are grappling with the operational build out in order to comply with the Canadian over-the-counter derivatives reporting requirements set to begin on October 31.

Overall credit default swap notional reported to swap data repositories last week increased 34% from the previous week, according to data from the International Swaps and Derivatives Association. This follows two weeks of a consistent uptick in CDS notional, with a combined increase of 64%. Overall interest rate derivatives that was reported, only increased by 5%.