Powernext and the Austrian Central European Gas Hub (CEGH) have migrated the CEGH Gas Exchange spot and futures contracts to the pan-European PEGAS platform operated under the Powernext rulebook. This represents the conclusion of the implementation phase of their cooperation,
The European Power Exchange EPEX SPOT and the clearing house European Commodity Clearing (ECC) have introduced 30-minute continuous trading of power spot contracts in the intraday markets in France, Germany and Switzerland. Some 450.45 MWh have been traded during the
US Commodity Futures Trading Commission (CFTC) acting chairman J. Christopher Giancarlo has appointed James McDonald as director of the agency’s enforcement division. McDonald, who was most recently a prosecutor in the Southern District of New York, brings to the agency
The Exchange Council of the European Energy Exchange (EEX) has discussed the extension of EEX’s power derivatives product range with contracts currently listed on Power Exchange Central Europe (PXE). At a meeting chaired by Michael Redanz, managing director of EWE
The future of the Dodd-Frank Act (DFA), once an unavoidable and burdensome new reality for US fixed income markets, is now completely uncertain under the coming Trump Administration. In TABB Group’s latest Market Note, “Dismantling Dodd-Frank? Regulatory Overhaul Redux,” report
Avelacom has extended its low latency network and launched a new point of presence (PoP) to connect Interxion’s London data centre and Borsa Istanbul, making it easier for London’s capital markets players to enter emerging markets and exploit cross-venue arbitrage
Bloomberg has launched standardised Total Return Swap contracts on the Bloomberg Barclays Indices, providing predefined synthetic exposure to cash bonds for the most widely-used fixed income benchmarks. As investors seek more cost-efficient methods of trading in less-liquid credit markets, Bloomberg
The Depository Trust & Clearing Corporation’s (DTCC) Omgeo ALERT solution, a global repository for storing standing settlement instruction (SSI) data, has completed enhancements to become the industry’s single and centralised SSI Utility. With 6.6 million settlement instructions as of year-end
Softbank’s decision to choose a Jersey-based financial services company to administer its USD100 billion technology fund is expected to lead to more funds domiciling in the island. The Softbank Vision Fund was launched in October 2016 with the aim of
The US CFTC has obtained a USD21.8 million default court judgement and permanent injunction against Alvin Guy Wilkinson and his companies Chicago Index Partners and Wilkinson Financial Opportunity Fund in connection with a commodity pool fraud. The order finds that
