Solutions
The US Commodity Futures Trading Commission (Commission) has issued an order of exemption from registration as a derivatives clearing organisation (DCO) to ASX Clear (Futures) Pty Limited (ASX).
The order is the first issued by the Commission based on its authority under Section 5b(h) of the Commodity Exchange Act.
This provision permits the Commission to exempt a clearing organisation from DCO registration for the clearing of swaps to the extent that the Commission determines that such clearing organisation is subject to comparable, comprehensive supervision by appropriate government authorities in the clearing organisation’s home country. Subject to the terms and conditions
Transaction Network Services (TNS) has established a new connection into the co-location service of JPX, Japan’s main bourse.
Under the agreement, TNS is offering high speed, reliable, cost-effective connectivity services to the JPX Co-location Service via its secure link into the arrownet-Global Service, an ultra-low latency end-to-end network service enabling market participants to connect directly from overseas markets into JPX’s co-location facility under a single contract. From there, customers can reach JPX group members, including the Osaka Securities Exchange and Tokyo Stock Exchange (TSE).
Ryusuke Yokoyama, Executive Officer at TSE, says: “Our primary mission remains firmly aligned with our role
Aquis Exchange, the subscription-based European equities exchange, is to begin trading Spanish blue-chip stocks.
The expansion of the Aquis Exchange trading universe by the addition of the 35 largest Spanish stocks will take place on Thursday, 20 August 2015 and brings the total number of markets covered by the exchange to 13.
Alasdair Haynes (pictured), CEO of Aquis Exchange, says: “We had always planned to have Spanish stocks on our platform as part of our phased roll out. Member appetite for investing in Spain has grown recently and we are responding to this demand. Also, as of early September, the
Instinet Europe has received FCA authorisation as a Payment Institution, allowing the firm to offer a safeguarded cash management and payment service solution to clients looking to purchase investment research through ‘hard dollar’ research payments.
Instinet applied for the registration in March 2015 with the aim of complementing its market leading Commission Management business. Instinet’s first clients are expected to go live in August 2015, through their integrated cash management and broker review platform, Plazma. The payment service solution, available to investment firms throughout the EU, will provide long term optionality, continuity and stability in how they manage the consumption
The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the Commission that are established under the laws of jurisdictions other than the United States (Non-US SDs) from certain transaction-level requirements under the Commodity Exchange Act.
Subject to the limitations stated in the letter, the relief is until the earlier of September 30, 2016 or the effective date of any Commission action with respect to matters addressed by a DSIO Advisory issued 14 November, 2013 (DSIO Advisory). The DSIO Advisory was issued in response to inquiries from swap
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) will list options on Shake Shack, Inc (ticker symbol: SHAK) beginning Friday, 14 August, 2015.
Shake Shack, founded in 2004, owns, operates and licenses Shake Shack restaurants (called Shacks) in the United States, Europe and Asia. Shacks are modern-day “roadside” burger stands offering hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine.
The first trades in GMEX’s Euro-denominated IRS Constant Maturity Future (IRS CMF) have been successfully executed, cleared and settled.
This new product has been available for the electronic arranging of transactions on GMEX’s platform with trade confirmation and clearing on Eurex since 7 August 2015.


At launch, a number of trading and clearing members have been able to trade and clear including Bank of America Merrill Lynch, Société Générale and RJ O’Brien. GMEX and Eurex are continuing to admit and connect further market participants to trade the IRS CMF contracts, including large sell-side banks, buy-side firms, futures trading houses and
The EU Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels.
This news was welcomed in Guernsey, which has a strong record in meeting international standards as a cooperative and highly transparent jurisdiction – including as an 'early adopter' of the Common Reporting Standards ahead of some European countries.
Responding to the news, Guernsey’s Chief Minister, Jonathan Le Tocq, has written to European Tax Commissioner Pierre Moscovici, stating: “Guernsey welcomes the Commission’s confirmation at the meeting that it considers Guernsey to be a cooperative jurisdiction. This recognises not only
The Government of the British Virgin Islands is pleased to announce that
The British Virgin Islands (BVI) has been rated “Largely Compliant” for its approach to tax transparency and exchange of information, in the Supplementary Peer Review report published by The Global Forum on Transparency and Exchange of Information for Tax Purposes (“Global Forum”), a taskforce set up by the OECD in Paris.
The Global Forum’s peer review of the BVI analysed the practical implementation of the jurisdiction’s exchange of information framework. The review commended the quality of the BVI’s responses to exchange of information requests, as well as the
Trading volume in July for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE) was 106.5 million contracts, an increase of 7 per cent from June 2015 and a decrease of 2 per cent from July 2014.
Total options and futures average daily volume (ADV) at CBOE Holdings for July was 4.8 million contracts, an increase of 7 per cent from June 2015 and a decrease of 2 per cent from July 2014.
CBOE's ADV for the month was 4.3 million contracts, up 7 per
