FEATURED NEWS

  • CHX Raises Rebate for Providing Liquidity
    July 2, 2009 9:06 AM

    The CHX announced today that beginning today the rebate paid to customers providing liquidity in Tape A and C issues trading above $1.00 in the CHX Matching System will be raised from 0.26 to 0.29 per-100 executed shares. When combined with the Exchange's 0.32 rebate per- 100 executed shares in Tape B issues that trade above $1.00, and the rebate of 0.1% of the trade value on stocks in all tapes that trade under $1.00, the Exchange's “provide credits” are among the highest paid by the National Market System exchanges.
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  • European Commission Outlines Ways to Strengthen the Safety of Derivatives Markets
    July 3, 2009 10:21 AM

    The European Commission has adopted a Communication on ensuring efficient, safe and sound derivatives markets, following a commitment made in the Communication on 'Driving European recovery' ( IP/09/351 ). The Communication looks at the role played by derivatives in the financial crisis and at the benefits and risks of derivatives markets, and assesses how risks can be reduced. Following the public consultation which this Communication launches, the Commission will host a public hearing on 25 September 2009.
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INDUSTRY INSIGHT

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OPINION AND COMMENTARY

Speaker's Box

Have Reports of the Death of OTC Derivatives Been Greatly Exaggerated?

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Q & A

Trading Trends - Shift in OTC Derivatives Trading but Volumes Still Growing

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DERIVSOURCE SPOTLIGHT

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Proactive Portfolio Reconciliation Can Transform OTC Derivatives Margining

The Collateral Framework Group, an adhoc group of industry professionals, recognized the opportunity and need to automate portfolio reconciliation for risk management purposes long before this function was branded as problematic. TriOptima, an original participant in this industry group, explains the history behind this group and how its initiatives reduce risk market-wide even during these tumultuous market conditions.

BLOG

Want to have your say in the regulation of OTC derivatives?

Reval has launched a mini-site that caters to corporates and allows these institutions to communicate their views on regulation in the form of sponsored surveys. The aim of this site is to gather information on the topic of regulatory reform to report back to the Obama Administration.

I'll include the announcement and link below...

DERIVSOURCE HIGHLIGHT

Markit Completes Acquisition of TZ1 Registry

Markit, a financial information services company, today announced that it has completed the acquisition of the TZ1 Registry, one of the leading voluntary environmental registries which lists the majority of the world’s voluntary carbon and ecosystem standards. The business will now be known as Markit Environmental Registry.
Reuters: Bank of NY Mellon Invests in Nasdaq Unit

NEW YORK, June 30 (Reuters) - Bank of New York Mellon Corp (BK.N) has made a minority equity investment in a Nasdaq OMX Group Inc (NDAQ.O) unit that clears and settles interest rate swaps and other fixed-income derivatives contracts.

Terms were not disclosed. Nasdaq said the clearing unit, International Derivatives Clearing Group, will use Bank of New York Mellon's securities servicing products, including margin and collateral management.

 

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