Derivs - Equity

Derivative volumes for August rose above those for August 2016 as North Korea's aggressive rocket and nuclear warhead actions increased geopolitical concerns and market volatility.

A subsidiary of Taiwan-based Dah Chang Securities on Tuesday became a derivatives trading member with Singapore Exchange (SGX), joining fellow new arrivals I-Access, Shinhan Investment and Cathay Futures.

The drama surrounding credit default swaps referencing Noble Group escalated this week as the Asia Ex-Japan International Swaps and Derivatives Association determinations committee on Thursday pushed back the deadline for ruling on whether Noble has defaulted.

CME Group on Wednesday shut its London-based derivatives exchange, CME Europe, and clearing house, CME Clearing Europe. All positions that were still open on August 30 have now been closed and settled.

Market participants have a lot of work still to do in preparing data and systems for the introduction of MiFID II and MiFIR, and getting the right technology is only part of what they need to do, according to the chief executive of a fintech firm specialising in the area.

Eurex Exchange, the derivatives market owned by Deutsche Börse Group, is to start trading EuroStoxx 50 'market-on-close' (MOC) futures on October 30.

Derivatives counterparties in the US have made enormous strides towards compliance with the September 1 end date for a grace period on variation margin rules for uncleared swaps, a stark change from six months ago.

Equity options in India will from next week have the facility for an opt-out of the auto-exercise mechanism, giving users more flexibility over their expiry exposures.

A Depository Trust & Clearing Corporation (DTCC) and Euroclear joint venture has this week signed an access agreement with CloudMargin.

IHS Markit on Tuesday released a service for investment houses working to comply with the RTS 28 requirement of the Market in Financial Instruments Directive II (MiFID II).

The new chair of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, chose Bruce Tuckman to succeed Sayee Srinivasan as the regulatory body’s chief economist on Monday.

Singapore Exchange (SGX) on Monday unveiled MSCI Singapore Net Total Return Index futures, denominated in US dollars.