MAS & Google Launch Climate FinTech Initiative The Monetary Authority of Singapore (MAS) and Google Cloud report that they are launching an initiative “to drive the innovation, incubation, and scaling of climate FinTech solutions in Asia.” The Point Carbon Zero Program is “a collaboration under MAS’ Project Greenprint,” that will spur climate FinTech solutions to… Read More >>
CFTC Exempts Key MTFs From SEF Status
U.K. MTFs Can Operate as Exempt SEFs The U.S. Commodity Futures Trading Commission (CFTC) has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorized within the European Union to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs). The four additional United Kingdom-based… Read More >>
CFTC Issues Open-Ended Relief for Fixing Swaps
The CFTC has issued another in a series of no-action letters that allows swap execution facilities (SEFs) and designated contract markets (DCMs) to fix clerical and operational errors that caused swap transactions to be rejected for clearing and thus voided. In addition, the side-stepping of key regulatory requirements will also permit SEFs and DCMs to… Read More >>
Deutsche Bank’s NYC Lab to Explore AI & Cybersecurity
Deutsche Bank officials have opened an innovation lab in New York City that they say is their fourth globally, and will be focused on several IT areas including artificial intelligence (AI), cloud technology and cybersecurity. The lab is located in Lower Manhattan’s Fulton Center and will enable the bank to “access a leading innovation ecosystem… Read More >>
CFTC Approvals Raise Number of SEFs to 21
CFTC Finalizes Registration for GTX, Tera and FTSEF The CFTC has given its stamp of approval to three swap execution facilities (SEFs): the GTX SEF (GTX) of Bedminster, N.J.; TeraExchange, (Tera) of Summit, N.J.; and FTSEF (FTSEF) of Great Neck, N.Y., bringing the number of fully CFTC-registered SEFs to 21. The regulatory action finalizes approval… Read More >>
ISDA to CFTC: Exempt SEF-Compliant European Venues
In publishing a set of principles intended to help derivatives trading firms compare U.S. and European Union (E.U.) trading venues, officials at the International Swaps and Derivatives Association (ISDA) are asking that CFTC officials consider a new exemption for established trading venues in Europe. “If EU trading venues are determined to achieve the same objectives… Read More >>
Beware the Next Avalanche, Warns CFTC’s Sharon Bowen
New regulations may require that “all swaps transactions, whether cleared or uncleared” be reported to a trade repository, but more needs to be done, according to U.S. CFTC Commissioner Sharon Y. Bowen In a recent speech at George Washington University Law School, she called for closing loopholes and ending risky practices, as well for as… Read More >>
TrueEX, JPMorgan & RBS Stretch FIX for Swaps
TrueEX, a swap execution facility (SEF), JPMorgan and the Royal Bank of Scotland (RBS) have launched the trueFIX automated execution and processing solution for U.S. dollar, Euro and U.K. Sterling swaps that will work with the FIX-based confirmation and affirmation protocol extensions from the FIX Trading Community. The FIX Trading Community is the governing body behind… Read More >>
Investors Still Like Sell-Side Salespeople
An interesting report on how investors still rely on sell-side advice and interactions even while swap trading is moving quickly to electronic platforms slipped past me, but it’s worthy of belated notice. The report (issued late last month) from Greenwich Associates, “Interest-Rate Derivatives Sales: Not What It Used To Be, But No Less Important,”… Read More >>
Q&A: Derivatives Meet the Cloud via Swaps Hub
Mani Pillai, president and founder of fintech startup Swaps Hub, took some time out of his busy schedule to speak with FTF News about this company, which plans to go live with its solutions in the third quarter of 2015. When it launches, Swaps Hub will offer aggregation and distribution services via a cloud platform… Read More >>
