Derivs - Equity

Volume figures released by major derivative exchanges for the month of April showed increased activity, with interest rate products continuing to drive trading activity.

European derivatives exchange Eurex yesterday appointed Romanos Daniel as its chief innovation officer, filling a new position that was recently added to its executive board.

European regulators are finally on the road to creating suspension mechanisms similar to those used in the US, an evolution that should not stop at clearing.

The European Commission aims to introduce a mechanism that will allow it to “temporarily suspend” clearing obligations for certain OTC derivatives products or counterparties if requested to by the European Securities and Markets Authority (ESMA).

Global variation margin requirements have not created chaos in the market, but collateral is emerging as a battleground, with some dealers using the regulation as an excuse to tighten terms.

First quarter figures from CME Group, Deutsche Börse and the Spanish BME showed a lack of growth in derivatives volumes at the start of 2017

Hong Kong Exchanges and Clearing (HKEX) has announced the appointments of three members to its board.

The Basel Committee on Banking Supervision (BCBS) has issued a report that analyses the adoption status of Basel III standards for each of its member jurisdictions, highlighting that many regions have not yet published draft derivative regulations.

The Depository Trust & Clearing Corporation (DTCC) has named four new members to its board of directors.

The European Stability and Risk Board (ESRB) has backed calls to introduce a mechanism that will allow regional authorities to rapidly suspend clearing obligations, highlighting that the measure should only be used in “crisis periods."

French election anxieties dropped out of derivative markets with astonishing speed this week, as centrist pro-EU candidate Emmanuel Macron’s first round election showing set him on course for the French presidency.

Many of the illiquid products on CME Europe will stop trading at the end of this week following CME Group’s decision to close the derivatives exchange.