Derivs - Equity

The end of pension scheme arrangements’ (PSAs) clearing exemption is approaching, but European Union institutions and market participants are still forcefully debating whether to grant another rollover — and what a permanent solution will look like.

Eurex, the Deutsche Boerse-owned derivatives exchange, had technical issues on Wednesday morning, with users unable to start trading products at their normal 8am start.

The Singapore Exchange has increased the fees for its derivatives service for the first time in 15 years, leaving some members facing increases of many times what they were paying before.

Crédit Agricole has added to the momentum in systematic internaliser sign up, joining other banks in registering as one well ahead of a 2018 deadline.

The Commodity Futures Trading Commission (CTFC) imposed $413m worth of fines in the fiscal year of 2017, the derivatives regulator has announced.

The index subsidiary of Deutsche Boerse, Stoxx, on Wednesday highlighted the success of its Asia-Pacific indices, as it taps into smart beta strategies.

The German Investment Funds Association (BVI) demanded the relocation of euro denominated interest rate swaps clearing from London to the EU 27 on Wednesday, citing regulatory concerns due to Brexit and lower costs for fund companies.

Derivatives markets participants listening in to BBC Radio 4 on Monday morning would have been surprised by a voice that they are more accustomed to hearing in conference halls — that of Christopher Giancarlo, chairman of the Commodity Futures Trading Commission.

Theodor Weimer, the head of UniCredit subsidiary HypoVereinsbank, will replace Carsten Kengeter as CEO of exchange and clearing house operator Deutsche Boerse, it was announced on Thursday.

Eurex, the Deutsche Boerse-owned derivatives exchange, will launch options on fixed income exchange traded funds on November 20.

Intercontinental Exchange, the exchange and clearing house operator, has reshuffled its top management team, with Benjamin Jackson, formerly chief commercial officer, named president.

European finance ministers are unlikely to reach a deal on clearing house (CCP) resolution when they meet on December 5, despite commitment from Estonia — which chairs the debate — to close an agreement by year's end.