New Link Targets FX Deliverables Traiana, an infrastructure services vendor for trading and risk management, is providing direct central clearing connectivity to the Hong Kong Exchanges (HKEXs) and Clearing’s OTC Clearing Hong Kong (OTC Clear), officials say. The news means that market participants can now access the OTC Clear service for USD/CNH and USD/HKD FX… Read More >>
Commerzbank Signs On for Hosted Margining
A German firm, Commerzbank, is the first sell-side institution to use OpenGamma’s new, hosted margining service as the bank grapples with the rise in demand for pre-trade margin comparison requests, bank officials say. The hosted OpenGamma for Margining “comes at a time when Category 2 market participants are just two months away from joining Category… Read More >>
Accenture Acquires Formicary to Bolster Derivatives Services
Global professional services company Accenture has acquired U.K.-based capital technology markets consultancy Formicary, as part of its efforts to bolster its capabilities in market infrastructure. This area has become increasingly important as financial services firms look for solutions to combat rising costs incurred under regulatory legislation such as Dodd Frank in the U.S. and the… Read More >>
CFTC: Cooperation Key to Cross-Border Clearing Talks
Dual registration combined with cooperation is likely to be the ongoing theme as European and U.S. regulators address the cross-border harmonization problems for global clearing of over-the-counter derivatives, said Timothy Massad, chairman of the CFTC, said in his speech at a Futures Industry Association (FIA) conference last week. “We are continuing to work with the… Read More >>
Q&A: A Polish Clearing House Reaches Out
FTF News was able to ask Iwona Sroka, president and CEO of KDPW_CCP, a few questions about the services of its new arrangement with NASDAQ OMX, and how working with NASDAQ OMX might facilitate U.S. links to Polish trading markets. The Warsaw-based clearing house, created by the National Depository for Securities (KDPW) in 2011, recently… Read More >>
