While CFTC Commissioners and staff have in the past asserted that the CFTC has jurisdiction over bitcoin derivatives in speeches and testimony, for the first time the Commission has issued a definitive finding that bitcoin derivative exchanges must register as
The Right Honourable William Hague (pictured) has joined the Boards of Intercontinental Exchange and ICE Futures Europe. Hague will assume the role of Chairman of ICE Futures Europe in January 2016, succeeding Sir Bob Reid who is retiring from that
The CFTC has settled charges against Bitcoin options platform operator Coinflip and its chief executive officer Francisco Riordan for conducting commodity options transactions without complying with the Commodity Exchange Act and CFTC Regulations. Specifically, the charges relate to operating a
Eurex Exchange is to offer a new interest rate future based on the long-term bonds issued by the Spanish government, starting 26 October 2015. The new Euro-Bono-Futures contract represents an important addition to the existing range of efficient and cost-effective
The UK’s only independent depositary firm, INDOS Financial, has reached USD5 billion in assets under depositary in its first 15 months of existence. Bill Prew, pictured, chief executive officer of INDOS Financial says that business is coming, not just from
The International Swaps and Derivatives Association (ISDA) has launched a new industry data project, aimed at developing an open-source standard derivatives product identification system that can be applied across all derivatives facilities. That would include trading venues, clearing houses, repositories
Global Prime Partners, a provider of prime brokerage, execution and clearing services to all classes of professional investors, has received regulatory approval from the Securities & Futures Commission of Hong Kong. Following its approval, Global Prime Partners will now begin
Independent fund and corporate services provider Crestbridge is to expand into the Cayman Islands in response to continued growth and client demand. Subject to regulatory approvals from the Cayman Islands Monetary Authority, Crestbridge plans to offer a range of
Beeks Financial Cloud – which helps institutions trade foreign exchange securely and quickly through the cloud – has bought Chicago-based futures specialist VDIware for an undisclosed seven-figure sum. The acquisition was self-funded by Beeks Financial Cloud, without borrowing. The
Options has added of SWX, Wiener Borse and Nasdaq’s OMX to the firm’s high performance connectivity and managed colocation platform, Velocity, which provides a single integrated low latency platform to all major liquidity centres globally. This latest expansion follows a
