Derivs - Equity

The European Association of Clearing Houses (EACH) has responded to a European Commission report on fintech, supporting a move to distributed ledger technologies.

Bank of England governor Mark Carney welcomed parts of the European Commission’s draft proposals on euro clearing this week while warning against relocating the activity from its base in London.

Hong Kong Exchanges and Clearing — HKEX — on Monday hired Roland Chai from London-based clearing house LCH.Clearnet, and appointed him to the positions of COO of its clearing division, and head of clearing risk solutions.

The European Securities and Markets Authority (ESMA) on Monday said that it would not extend the trading obligation deadline for certain counterparties under the Markets in Financial Instruments Regulation (MiFIR).

CBOE subsidiary Bats Europe launched 18 indices covering the European market on Monday, bringing the total number in its stable to 57.

The European Commission made a play to snatch euro clearing business for the eurozone this week, proposing new powers to force the relocation of what it terms systemically important third-country clearing houses that clear euro denominated derivatives. Costas Mourselas reports.

The Futures Industry Association (FIA) on Wednesday released a statement arguing that this week's European Commission proposals, which would allow continental regulators to force clearing houses' relocation to the EU, will create market disruption.

The Hong Kong securities and futures commission — HKSFC — has entered into an agreement with the Australian securities and investments commission — ASIC — to establish a framework for cooperation on fintech.

The European Commission on Tuesday sent the strongest signal yet that continental politicians will work to wrestle euro clearing activity away from the UK as its exits the European Union.

The International Swaps and Derivatives Association (ISDA) has advised European Commission officials against legislating to relocate the clearing of euro denominated products to the Eurozone.

Singapore Exchange (SGX) has introduced net total return futures on four Asian markets.

London based clearing house LCH on Monday announced it had appointed Michael Davie to the position of global head of rates.