All Entries in the "OTC" Category
SGX Enhances OTC Clearing of Commodities
Singapore Exchange (SGX) said April 18 SGX AsiaClear has enhanced access to its clearing process with the linking of OTC broking systems to its OTC Trade Registration System. The OTC broking community will benefit from the link which allows trades matched in an inter-dealer broker’s OTC broking system to flow straight through to SGX’s Trade [...]
OTC Clearing In Asia: Under Construction
All around the Asia-Pacific region, regulators are putting in place requirements for mandatory clearing of over-the-counter derivatives. At the same time, new services for the clearing of OTC derivatives are being developed in every major financial center in the region. While the landscape is still far from final, at least five countries are on track [...]
Plumbers View of OTC on CCP
Have not given it a whole lot of thought but here goes. Set up the CCP’s by product cluster, at least two per cluster, each with a maximum 50% share of market, each capable of carrying 100% of the load in a pinch. Let Office of Financial Regulation (OFR) or Federal Reserve Board (FRB) or [...]
MAS Seeking Public Consultation on OTC
The Monetary Authority of Singapore (MAS) is conducting a review on the regulatory oversight of the over-the-counter (OTC) derivatives(1) market in Singapore and is seeking public comments on its proposals: http://www.mas.gov.sg/resource/publications/consult_papers/2012/OTCDerivativesConsult.pdf. In developing these proposals, MAS has taken into consideration international developments such as the commitment pledged by the Group of Twenty Finance Ministers and [...]
CME Group and Mysteel to Cooperate on Developing OTC Ferrous Risk Management Products for China
CME Group, the world’s leading and most diverse derivatives marketplace, and Mysteel, China’s leading provider of ferrous price and indexing services, announced January 19 they have signed an agreement to develop risk management products for the ferrous industry based on Mysteel’s market-leading price data services. The products will be listed by NYMEX and cleared by [...]
Japan FSA Executive Summary on OTC Derivatives Regulation
On using electronic trading platform (ETP) for OTC derivatives markets Purposes of establishing a framework in Japan ・To enable regulatory oversight on trades, including the price formation process. ・To contribute in stabilizing the markets during financial crises, through establishing a reliable method of trading based on defined set of rules. ・To enable improvement in market [...]
Citi Clears First Asian Trades on LCH.Swapclear
Citi cleared its first interest rate swaps November 10 on LCH.Swapclear for clients in the Asia Pacific (APAC) region. The firm has now cleared over US$28 billion in notional interest rate swaps for its clients across the Americas, Europe and now APAC. In addition to successfully clearing interest rate swaps on LCH.Swapclear, Citi has successfully [...]
SGX Clears First Asian FX Forwards
Singapore Exchange (SGX) successfully launched its clearing service for OTC traded Asian Foreign Exchange (FX) Forwards (non-deliverable) with Deutsche Bank, DBS Bank and OCBC Bank clearing their first Asian FX Forwards with the Exchange on October 24. A world’s first, this initiative is aligned with global developments toward central counterparty clearing (CCP) of OTC derivatives [...]
BGC Partners Completes First Fully Electronic Thai Baht Interest Rate Swap
BGC Partners, Inc., a leading global brokerage company servicing the wholesale financial markets, announces its first fully electronic Thai Baht Interest Rate Swap (IRS) trade using BGC’s award-winning Volume Match tool on the BGC™ Trader platform. Volume Match is integrated into BGC’s proprietary platform, BGC Trader and, at pre-set times during the day, offers customers [...]
Credit Suisse Completes First Cleared Coking Coal Swap Transaction
Credit Suisse today announced that it had completed the first ever cleared coking coal swap transaction via a new OTC cleared contract launched by CME Group. The development of this new contract enables steel mills to hedge their exposure to their entire floating cost spectrum and demonstrates Credit Suisse’s continued leadership in providing clients in [...]
