Russia's financial market watchdog FSFR has become poised to
ease back office pains for derivatives desks by allowing them
to streamline their clearing infrastructure.
At present, stock exchanges are required to settle deals in
derivatives and underlying securities or other assets
separately. But, this requirement was expected to be waived
within next few months, according to FSFR deputy chief
The current regulation, introduced in 2002, stemmed from
perception of the derivatives sector as an activity distinct
from the securities market. Operators were allowed to engage in
it only if they segregated futures trading risks from those
inherent to dealing in other instruments.
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