Derivs - Equity

A subsidiary of the Association of National Numbering Agencies (ANNA) on Monday launched its offering for the creation of International Securities Identification Numbers (ISIN) for over-the-counter derivatives.

The doyenne of derivatives policy in Europe, Kay Swinburne MEP, warned on Thursday that political urges in the European Union risked tainting the oversight of foreign clearing houses.

The European Securities and Markets Authority has revised its pre-MiFID II work plan for granting waivers of pre-trade transparency rules, and setting position limits. There is likely to be a delay for derivative products.

European Parliament members Jakob von Weizsäcker and Kay Swinburne published a draft report on planned central counterparty (CCP) recovery and resolution rules this week.

Intercontinental Exchange (ICE), the US exchange and clearing house operator, is launching an NYSE FANG+ index, to help investors take exposure to high growth, liquid technology stocks.

Deutsche Börse has linked with SmartStream RDU for a systematic internaliser (SI) registration system, while Ullink has released a platform easing SI pre-trade transparency and request-for-quote (RFQ) order management issues.

Equity derivatives experts do not expect equity volatility to pick up from its current low level any time soon. Some of the potential political hurdles have been overcome and some see little to trouble them until the Italian elections in the second quarter of next year.

The US Commodity Futures Trading Commission has fined Bank of America Merrill Lynch $2.5m for failures of supervision and record-keeping, connected with an investigation by CME Group that found evidence of front-running.

Proposed changes to a form that the US Federal Reserve uses to determine their global systematically important banks’ (G-SIB) capital surcharges has sparked extreme concern among clearing bankers, writes Ross Lancaster.

Matthew Kulkin has joined the US Commodity Futures Trading Commission (CFTC) as a director of the swap dealer and intermediary oversight division (DSIO).

GlobalCapital held its 2017 Global derivatives awards at the Royal Horseguards Hotel in London on Wednesday, September 20.

BNP Paribas has become the seventeenth clearing member of OTC Clearing Hong Kong, the clearing subsidiary of Hong Kong Exchanges (HKEX).