The U.S.-based Nasdaq Futures, Inc. (NFX), an energy derivatives trading platform, has launched today, according to Nasdaq. The platform will start off by offering futures and options on oil, natural gas and U.S. power benchmarks, with a fee holiday for the first nine months of trading, officials say. All products will be cleared though the… Read More >>
Calpers to Provide Liquidity to the OCC
The Options Clearing Corp. (OCC), a Chicago-based equity derivatives clearinghouse, has reached an agreement with the California Public Employees’ Retirement System (Calpers), the largest pension fund in the U.S., to establish a liquidity facility that will allow the OCC to tap Calpers for cash in the event of a default at one of its counterparties,… Read More >>
New Chief Information Officer for the OCC
Chicago-based OCC, the equity derivatives clearing organization also known as the Options Clearing Corp., reports that Luke Moranda has joined as senior vice president and chief information officer (CIO). He will replace Raymond Tamayo, who had previously announced his intention to retire in 2015, and will report to Michael McClain, OCC president and chief operating… Read More >>
Regulatory Guidelines Combat Social Media Compliance Fears
The financial services industry should thank regulators for establishing the rules of the game for social media compliance because it spurred the enormous adoption of social media strategies, according to a panel of experts and industry insiders at FTF’s Social Media and Compliance (SMAC) in financial services event, which took place in downtown New York… Read More >>
