ANALYSIS: Industry sets sights on anti-procyclicality regulation

Given clearing house margin models respond to volatility among other factors, the volatility that erupted in March 2020 led to spikes in margin calls, forcing trading firms and brokers to liquidate positions to find the margin they needed

ANALYSIS: Market looks past halving to bitcoin’s next phase

A flurry of hedging has largely priced in next month’s “halving” – the next phase that will determine the direction of bitcoin markets – but the picture beyond April gets muddy as producers seek to protect profitability

ANALYSIS: Industry grapples with clearing house non-default losses

Financial regulators have turned their attention to clearing houses’ approaches to some of the other risks they face, which have been grouped together under the catch-all term: non-default losses

ANALYSIS: Machine learning to speed up deployment of trading models

ION’s trade analytics platform says new machine learning techniques will allow models to be deployed much faster, as a host of firms look to bring new tools this year

ANALYSIS: Industry takes stock on perennial problem of give-ups

The futures and options industry has made some progress in addressing the post-trade bottlenecks that emerged in March 2020 after the onset of the COVID pandemic but there is still work to do, experts have suggested

ANALYSIS: Cboe’s one-day VIX matures as index nears first birthday

Cboe Global Markets’ one-day volatility index (VIX1D) is finding its niche one year after launch in response to the success of the US group's one-day S&P 500 index options contract

ANALYSIS: Eurex plans changes to regulate Euribor volumes

Speaking exclusively to FOW, Matthias Graulich, Deutsche Boerse’s head of fixed income, funding and financing strategy and development, said the German market wants to regulate the daily turnover of trades in its short-dated European rates futures

ANALYSIS: Tokenisation needs to tackle interoperability issues

Experts agree the first wave of digital asset adoption in traditional asset classes means creating connections between platforms and liquidity pools will be crucial for the market to maintain momentum

ANALYSIS: ICE, Eurex draw battle lines in MSCI total return futures

Eurex launched on Monday total return futures based on the MSCI Emerging Markets, MSCI EAFE (Europe, Australasia and Far East) and MSCI World Indices, and ICE Futures US launched TRFs based on those three indices and the MSCI USA

ANALYSIS: Exchange ESTR open interest spikes as products mature

The trio of exchanges that offer euro short term rate (ESTR) futures have touched record levels of open interest in the past week, as measures taken to encourage end user adoption begin to take effect

Eurex and ICE square up in European short-term rates

The Eurex Euribor contract started strongly, trading 1.6 million lots in November and 1.5 million contracts in December before hitting daily trading volume records on three consecutive days in early January

Spot crypto ETF key to institutional adoption - Appold

Reports the Securities and Exchange Commission is preparing a ruling on as many as a dozen spot crypto ETFs including BlackRock’s have driven bitcoin in recent weeks to $36,800 (£30,000)

Liquidnet targets buy-side futures and options trading

Liquidnet sees a shift in market conditions giving a boost to its long-held ambition to build a buyside-focussed futures and options business, becoming one of the firms vying to fill a gap left by the banks that have pared back services in the space

ICE completes €475bn credit derivatives clearing migration

Intercontinental Exchange (ICE) developed a new matching tool to aid in completing the migration of credit default swap (CDS) clearing positions from its shuttered European entity, a process that ended last week

Part Two: FX in focus as SGX doubles down on multi-asset plan

Singapore Exchange’s Lee Beng Hong and KC Lam discuss with Radi Khasawneh the role that FX plays in the Asian group’s multi-product strategy

Part One: FX in focus as SGX doubles down on multi-asset plan

Singapore Exchange’s Lee Beng Hong and KC Lam discuss with Radi Khasawneh the role that FX plays in the Asian group’s multi-product strategy

Part Two: CME eyes enhanced analytics with Google data migration

CME sees its unique position in the US Treasury markets as offering a key use case for its enriched data offering based on its landmark Google deal signed in 2021

Part One: CME's Winkler sees Google migration at 'exponential point' for data

CME Group is looking to accelerate the development of a host of tools as it harnesses the potential of its historic tie up with Google

Part Two: Sucden Financial CEO Bailey considers cyber-security post-ION

In the second part of a two part series, Marc Bailey, the chief executive officer of Sucden Financial, considers the implications of the January 2023 cyber attack on futures fintech ION Markets

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