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January 15, 2013
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  Top Stories 
 
  • CFTC allows portfolio-based margining on some CDSs at ICE
    The Commodity Futures Trading Commission has followed the Securities and Exchange Commission's lead in allowing investors to offset some types of credit-derivatives trades within IntercontinentalExchange's clearinghouse. "For client portfolios that contain index and single-name [credit default swaps], to receive margin efficiencies, both products need to reside in the same account structure, which required harmonization on this issue between the SEC and the CFTC. This could encourage early adoption of clearing for credit," says Supurna VedBrat of BlackRock. Fox Business/Dow Jones Newswires (1/14) LinkedInFacebookTwitterEmail this Story
Margin Savings up to 90% for Cleared OTC IRS vs. Futures
90% is no small number - especially when it comes to margin savings. Market participants have been actively utilizing portfolio margining of Cleared OTC IRS and Eurodollar and Treasury futures, and total risk reductions now account for over $1 billion in initial margin savings – figures that remain unparalleled in the industry. Click here to learn more.
  Regulatory Roundup 
 
  • JPMorgan may get rehearing from FERC
    The Federal Energy Regulatory Commission has given itself more time to decide whether to rehear a proceeding that banned JPMorgan Chase from power trading for six months. JPMorgan is fighting the sanction, which was handed down in November. Reuters (1/14) LinkedInFacebookTwitterEmail this Story
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  Industry Developments 
  • NYSE Liffe and Eurex may face challenges from CME and Nasdaq
    NYSE Liffe and Eurex may face challenges from CME Group and Nasdaq OMX on interest-rate derivatives in the coming year. Competition is ramping up in Europe for listed derivatives amid rules governing the clearing of over-the-counter derivatives. "Providers are trying to maximize their competitive advantage through their OTC derivatives-clearing strategy," says Anshuman Jaswal of Celent's Securities and Investments Group. The Trade News (U.K.) (1/14) LinkedInFacebookTwitterEmail this Story
  • Other News
  Electronic Trading News 
  Commodities and Managed Futures 
  • EEX reports a drop in power-derivatives volumes for 2012
    The European Energy Exchange says volume on its power-derivatives market dropped 13% last year, the second consecutive annual decline. "In a market environment which is still difficult, we achieved good trading results and successfully adjusted our product portfolio to the changed framework conditions in 2012," CEO Peter Reitz says. Platts (1/14) LinkedInFacebookTwitterEmail this Story
  FIA News 
  • FIA Survey Shows Lessons Learned From Hurricane Sandy
    After Hurricane Sandy devastated the Northeastern U.S., the Futures Industry Association developed a comprehensive survey to discover how its members had been impacted and what lessons they had learned. Futures commission merchants, global clearing firms and key service providers and exchanges were polled in this survey. An expansive breakdown of the survey results has been published to our site and can be found here. LinkedInFacebookTwitterEmail this Story
  • Mark Your Calendar for NY Expo 2013, April 10 and 11
    The Futures Industry Association will hold its second annual NY Expo, April 10 and 11 at the Hilton New York, in cooperation with the FIA Chicago, Futures Services and Information Technology divisions. Last year's event attracted more than 600 industry professionals and more than 20 vendors. This year's topics will include OTC clearing and high-frequency trading as well as product-specific panels on interest-rate swaps, energy and more. Contact tvitale-chan@futuresindustry.org for sponsorship and exhibiting opportunities. Register here. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
If you can't write your idea on the back of my calling card, you don't have a clear idea."
--David Belasco,
American theatrical producer, director and playwright


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