Intercontinental Exchange (Ice)
Risk waterfall at CME, Ice makes porting harder, dealers say
The need to provide portability could pressure CCPs to lean more heavily on initial margin than default funds to absorb losses
SunGard’s Jackson moves to ICE
Ben Jackson, formerly senior executive vice-president of energy and commodities at technology vendor SunGard, has taken up a new role at the IntercontinentalExchange (ICE)
Lamb discusses CME Clearing Europe's goals
A clear goal
CFTC defends clearing membership capital requirement
Commissioners argue open access is necessary, but might consider raising the $50 million minimum for CCP membership at the end of the consultation period
Energy Risk Exchange of the Year Award: IntercontinentalExchange
Exchange of the Year: IntercontinentalExchange
Dodd-Frank puts market manipulation on the radar
Dodd-Frank regulation could usher in more market manipulation cases such as the recent CFTC case against Arcadia Petroleum, Arcadia Energy and Parnon Energy, say market experts
Algorithmic trading will come to coal and natural gas, says exchange president
When coal and gas futures reach the liquidity levels of oil, algorithmic traders will enter the marketplace
Brent-WTI spread broken: analyst
Brent-WTI spread causes concerns about oil benchmarks to resurface; Ice and Nymex defend use for futures contracts
CFTC proposal sparks scrap over CCP membership
CFTC proposal sparks row over CCP membership
The debate over CCP central bank liquidity
The liquidity access debate
Last-minute power plant hedging will push up carbon prices
Prices for European Union carbon allowances (EUAs) will rise sharply in 2012 as companies hurry to hedge their emissions compliance requirements by the end of that year.
MarkitServ updates novation process after two-month delay
Middleware provider MarkitServ now in line with industry standard - two months after initially planned and more than three months after rival Ice Link.
Technology
Special report
Middleware key to clearing success
The ware-rich project
CFTC heeds buy-side demands for increased margin protection
The price you pay
Concern over scarcity of high-quality assets forces CCPs to broaden eligible collateral
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
DME's Q3 results point to struggle for crude futures
The Dubai Mercantile Exchange’s latest trading results reveal low liquidity levels for its key oil futures contract, despite a face-value surge in trading volumes
Dealer concern over proposed change to client margin segregation
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
Buy-side favours low-cost clearing, says UBS
Findings of UBS equity analysts stoke fears of race to the bottom among over-the-counter derivatives clearing firms
Eurex freezes marketing of CDS clearing
Eurex has halted the marketing of its credit default swap (CDS) clearing operation after failing to attract sufficient business, Risk understands.
Updated Isda CDS novation process to boost efficiency while minimising risk
Revised rules replace laborious consent-then-confirm novation process
Singapore’s commodities derivatives exchange to go live
Singapore’s central bank Monetary Authority of Singapore (MAS) gives the green light for new commodity and currency derivatives bourse
Clearing dilemma for CCPs
Dealers have made progress towards clearing swaths of the over-the-counter derivatives market. But market participants are likely to have to clear more awkward products to satisfy regulators’ demands. Mark Pengelly investigates