Derivs - Equity

More than 60 players in the OTC derivatives market have signed up to a TriOptima service that offers firms automated collateral management services to help variation margin compliance.

The European Securities and Markets Authority (ESMA) has written to the European Commission warning that some dealers may try and circumvent MIFID II obligations by creating networks of systemic internalisers.

The Taiwan Futures Exchange (TAIFEX) is to start an after-hours trading session to increase participation.

Volume figures released by major derivative exchanges for January show a decline over the same month last year.

HSBC has promoted Hossein Zaimi to become global head of equities, replacing Patrick George in the role, who continues as EMEA global markets head.

Eris Exchange, the US based swap futures exchange, added to its clearing members this week and appointed a global business development head to bring on board critical support providers for clearing, order management and execution.

ED&F Man Capital Markets, the financial brokerage business, has become the fifteenth clearing member of the ERIS Exchange.

Naeem Shares & Bonds (NSB) brokerage has become the seventh member of Nasdaq Dubai’s equity futures platform.

The Moscow Exchange (MOEX) is to introduce a weekly expiry of options on the Russian Trading System (RTS) stock index.

Plans for the Chicago Board Options Exchange to link up with Bats Global Markets took a big step forward this week, with both sets of shareholders approving the exchanges’ merger and a motion to issue shares supporting the deal.

European Central Counterparty (EuroCCP) is to become the third central counterparty for clearing services on the SIX Swiss Exchange.

Hong Kong Exchanges and Clearing (HKEX) has gone live with a volatility control mechanism (VCM) on its derivative market to prevent extreme price volatility.