Eurex overtakes CME in ESTR futures open interest to claim second spot

Eurex, one of three exchanges vying for a share of the euro short-term rate (ESTR) market has overtaken rival CME Group to second spot for open interest on its three-month future, after earlier this month rolling out a revamped incentive scheme for its European short-term interest rate (STIRs) market

ANALYSIS: Battle over institutional bitcoin flows enters volatility market

An unexpected consequence of the so called “crypto winter” that started in 2022 has been a validation of regulated markets aimed at institutional investors, including volatility-based products that support product issuers eyeing the market

HKEX pledges major tech overhaul in early move by new CEO

The Hong Kong group said on Thursday it has started upgrading its Orion Derivatives Platform to offer improved trading, clearing and risk management, and pledged to start delivering the new platform in 2028

Broker MetroTrade to launch with US futures 'this summer'

The Chicago-based firm, which is targeting retail traders, said it has secured approval from the Commodity Futures Trading Commission and the National Futures Association to start trading “this summer”

CEDX sets trading record in March ahead of incentive roll-out

Cboe’s European derivatives market hit a fresh record in March, ahead of the rollout of new liquidity programs aimed at nurturing volume on the exchange

Trade bodies clash on initial margin regulatory reforms

Global trade bodies have disagreed about plans to overhaul initial margin transparency rules as they participate in a consultation on the topic by international standard setting agencies

ANALYSIS: Crypto traders reflect on life after US bitcoin ETFs

In the first of a two part series on the crypto market, experts said the listing in January of spot bitcoin exchange-traded funds was an inflection point for the maturing asset class

FSB launches consultation on non-bank margin and collateral

The FSB has launched a consultation on new guidelines for non-bank firms such as commodity trading firms and asset managers on managing margin and collateral, in response to periods of market turmoil since the beginning of this decade

ANALYSIS: New entrants drive trading records in FX futures

A rush of new entrants at global exchanges has driven new highs in listed foreign exchange markets in the first quarter, in a sign that a long-awaited shift from the much larger over-the-counter segment is finally emerging

Basel Committee should revisit Endgame roll-out – ISDA chair

The chair of the International Swaps and Derivatives Association has said the global standards body that sets the guidelines for regulators should reassess how the latest capital rules for banks have been implemented in different regions

Cboe VIX options daily trading volume hits six year record

The Chicago-based exchange traded 2.6 million VIX options on Friday, more than on any day around the Silicon Valley Bank default of March last year or the escalation of the pandemic in March 2020

CME on track for record month as metals trading heats up

CME Group is reporting record activity across its metals markets, as traders position for policy shifts and global conflicts

Marex starts roadshow ahead of $300 million IPO

Marex has confirmed the launch of its initial public offering process, with banks set to confirm the allocation of shares worth around $300 million (£240m)

‘No basis’ for new US Basel endgame bank capital rules – O’Malia

The chief executive of the International Swaps and Derivatives Association (ISDA) has redoubled criticism of draft bank capital rules set to be rolled out by US authorities

ANALYSIS: Euro short-term rate futures rivals trade blows

Speaking on a panel at the FOW Trading Amsterdam conference last week, Intercontinental Exchange, Eurex and CME Group discussed the evolving European rates market

Metals traders brace for impact of wider Russian ban

The two largest metals exchanges have laid out plans to enact wider sanctions on the use of Russian origin metals after a further crackdown was announced by US and UK authorities over the weekend

CF Benchmarks launches Bitcoin volatility index

CF Benchmarks, which provides the reference rate for CME Group cryptocurrency derivatives, launched its first bitcoin volatility index as institutional adoption accelerates

CFTC chair flags FCM concerns on capital rules

The US Commodity Futures Trading Commission's (CFTC) Rostin Behnam has flagged the agency’s concerns about the effect of capital rules on clearing intermediaries in derivatives markets

SGX, LME round off strong Q1 with March trading growth

The Singapore Exchange and the London Metal Exchange have benefited from heightened commodity trading activity in March, sealing a strong first quarter

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