Sometimes it pays to fight City Hall especially when there’s a new City Hall. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) – now both under the control of the Trump administration — last week extended a controversial compliance date for the amendments to Form PF from March 12, 2025,… Read More >>
JSCC Adopts ISDA’s DRR for Regulatory Reporting
The Japan Securities Clearing Corp. (JSCC) has become the first central clearing counterparty in Japan to integrate the International Swaps and Derivatives Association’s (ISDA) Digital Regulatory Reporting (DRR) framework and the Common Domain Model (CDM) from ISDA but now managed by the Fintech Open Source Foundation (FINOS) into a production environment. As of June 2025,… Read More >>
Clear Street U.K. Launches & Joins LME
Clear Street has launched Clear Street U.K. in London, the first major step by the maker of cloud-native securities transaction services to expand beyond North America, officials say. Clear Street’s product suite includes offerings for financing, derivatives products, execution services, and futures clearing. Following approval by the U.K. regulator Financial Conduct Authority (FCA), Clear Street… Read More >>
Indiana University Wins CME Group Trading Challenge
Indiana University, based in Bloomington, took first place in the CME Group’s 21st annual University Trading Challenge, officials say. The four-week competition, which had 2,300 students, set a new participation record. In addition to Indiana University, University Trading Challenge Winners are: Second Place: Tecnológico de Monterrey, a private university in Monterrey, Mexico; Third Place: ESLSCA… Read More >>
Axoni Sells Veris Business Unit to LSEG
Axoni, a provider of trade workflow applications and real-time data replication, has sold its Veris business and intellectual property to the London Stock Exchange Group (LSEG), which intends to maximize the business potential of the post-trade platform for equity swaps, officials say. Axoni and LSEG officials are not disclosing the financial terms for the transaction,… Read More >>
Derivatives Document Negotiations Need More Automation
After conducting a survey on document negotiation, the International Swaps and Derivatives Association (ISDA) is making a strong case for more digitization of derivatives documentation. ISDA officials are also arguing that firms use ISDA Create, an online platform for negotiating, producing, and executing derivatives documentation. This includes the ISDA Master Agreements, variation margin credit support… Read More >>
Numerix Overhauls PolyPaths Product Suite
Numerix has made “significant enhancements across the PolyPaths product suite,” including new reporting and client-centric capabilities that represent the next chapter for PolyPaths, known for helping firms make the transition away from the discredited London Interbank Offered Rate (LIBOR). “This update represents a pivotal shift in our approach. Given the prolonged prevalence of LIBOR as… Read More >>
Europe Is Ready for UPI Reporting: DSB
It looks as if participants in the European over-the-counter (OTC) derivatives markets — particularly banks — are ready to meet their Unique Product Identifier (UPI) regulatory reporting requirements, according to the Derivatives Service Bureau (DSB). “The European Union will implement UPI reporting from 29 April 2024 as the second G20 jurisdiction, following the U.S. who… Read More >>
Johnson Financial Group Taps the Cloud for IR Swaps
Johnson Financial Group has installed a risk management system for interest rate derivatives based upon a cloud-based platform from provider Derivative Path that is intended to enhance Johnson’s financial services offerings and be a foundation for related services to come. Based in Racine, Wisconsin, the privately owned Johnson Financial Group consists of subsidiaries Johnson Bank… Read More >>
Trading Technologies Acquires ATEO SAS
Trading Technologies International (TT) intends to expand its reach into clearing and other middle-office technologies and services via its acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives, officials say. TT is a software-as-a-service (SaaS) technology platform provider to global capital markets. The financial terms of the transaction, which closed on Feb…. Read More >>
