Derivs - People and Markets
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Deutsche Börse-owned financial intelligence provider Qontigo has appointed Stephan Flägel as global head of its indices and benchmarks. -
The European Securities and Markets Authority has issued technical advice for the European Commission on the treatment of third-country central counterparties (TC-CCPs).
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The US Commodity Futures Trading Commission on Friday ordered Wells Fargo to pay over $14m for its conduct involving a FX forward contract and compliance failures.
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The European Union’s finance ministries are nearing a deal on the draft legal text for central clearing counterparty (CCP) resolution. But they still disagree on the use of CCPs’ own funds in a recovery scenario, as well as on voting rights for smaller states in a resolution college.
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The US Commodity Futures Trading Commission has slapped Tower Research with a record $67.4m fine for spoofing in the equity futures market.
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GFI announced that it will re-establish its Tokyo hub on Thursday, launching a new G10 forwards FX desk.
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The US Commodity Futures Trading Commission this week approved foreign boards of trade applications (FBOT) from European derivatives exchanges despite opposition from commissioner Brian Quintenz.
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CLS has appointed Deborah Hrvatin, a former global head at Citigroup, as its chief risk officer.
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Mark Hemsley, president of Cboe Europe, is retiring early next year to be replaced by David Howson, chief operating officer of Europe for the exchange holding company.
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CME Group has reported a strong set of third quarter results, with double digit growth in the trading of rates, equity and commodity products.
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Euroclear Finland will join European securities settlement platform TARGET2-Securities in 2022, in time to also lock into the European Collateral Management System.
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Deutsche Bank posted declines in investment bank revenue on the back of a fixed income trading fall in its third quarter results, released on Wednesday. But debt origination revenue grew. A change in the bank’s reporting structure to reflect its new capital release unit has allowed it to shield the investment bank from costly losses on unwanted assets.
