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December
The financial turmoil of the past year has focused the attention of the derivatives markets on counterparty risk, but what about the risk of fraud? Siân Williams asks whether the downturn has led to a financial crime wave.
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In the first of a new series in which FOW visits the derivatives communities of European cities, Siân Williams reports that Parisians still fear the brain drain to London, but believe the flow of talent might be turning in Paris’s favour.
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November
IntercontinentalExchange has scooped both prizes for clearing houses in FOW’s Awards for Innovation 2009, while its legal adviser Shearman & Sterling has taken the law firm Award.
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When planning FOW's awards for innovation, we felt it was only right to consider the regulators - a category of market participant that probably bulks larger in the futures and options world than it does in many other areas of financial services.
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October
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Shanghai Futures Exchange’s steel futures have been a phenomenal success – but what of the London Metal Exchange’s equivalent? As China’s is a semi-closed market, the rest of the international steel market could presumably use a liquid benchmark future. Or could it? Agnieszka Troszkiewicz reports.
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September
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Russia has suffered keenly in the global financial turmoil, including its booming derivatives market. A year later, there is plenty of vigour in the market, with new contracts and hopes of regulatory and tax improvements.
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July
When the Boston Options Exchange and London Stock Exchange’s EDX wanted a new matching engine, they turned to Sola, a system built by TMX Group. The result: TMX owns stakes in both exchanges. But as Tom Kloet, the Canadian exchange group’s CEO, tells Colin Packham, that is not the only winner in his hand. Canada’s options market has hardly begun and, with the regulators sympathetic, there is everything to play for. And Kloet even has a word of advice for the regulators on central clearing.
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The head of the world’s fastest growing exchange in 2008 is anything but boastful. Yet as the Prague Energy Exchange’s David Kucera tells Agnieszka Troszkiewicz, the PXE hopes to be the nucleus of a regionwide electricity trading network.
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European Commodity Clearing, the Leipzig-based clearing arm of the European Energy Exchange, has said it will provide a clearing and settlement service for the Central European Gas Hub
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The battle to offer central clearing of index and single name CDS by the European Commission’s July 31 deadline is heating up.