Derivs - Equity

July volumes for the major US and European derivatives exchanges have been a mixed bag, with some products showing year-on-year gains.

The US Senate on Thursday unanimously voted to confirm Christopher Giancarlo as chairman of the US Commodity and Futures Trading Commission (CFTC), a role he has held in an acting capacity since June.

A group of clearing houses this week announced the results of risk management process tests that simulated the default of a major derivatives clearing member.

The European Security and Market Authority (ESMA) closed the consultation period on trading obligations for derivatives this Monday — but with implementation due in January, many of those affected are still concerned.

Deutsche Boerse has signed a partnership with risk and trade technology firm Risk Focus that will help with OTC trade reporting systems required under MiFID II.

The Singapore Exchange has admitted its 59th derivatives trading member, I-Access Investors, which is based in Hong Kong.

The North American Derivatives Exchange, owned by IG Group, has some deficiencies in the way it monitors trading violations, according to the US Commodity Futures Trading Commission.

The future of cryptocurrency derivatives looked bright this week as digital currency exchange and clearing house LedgerX won its derivatives clearing organisation (DCO) licence, complementing the swap execution facility approval it received from US regulators three weeks ago. While the fledgling asset class still has a lot to prove, a united effort from US regulators could mean it will be difficult to slow its momentum.

Deutsche Börse reported second-quarter earnings on Wednesday that showed increased trading of interest rate derivatives offset lower activity in equity and index derivatives.

The Commodity Futures Trading Commission has this week issued a letter extending no-action relief for non-US dealers still working to comply with transaction-level swap requirements.

TP ICAP has chosen Bloomberg Entity Exchange as its outreach platform in preparation for the Markets in Financial Instruments Directive II (MiFID II), the interdealer broker announced on Monday.

The Moscow Exchange Index Committee this week agreed on changes to the calculation method for the indices that it hosts.