-
December
Galen Stops find few barriers to completion for the industry's best kept secret.
-
2013 is shaping up to be an exciting year for futures and options in London with a raft of new platform launches. We take a look at each of them.
-
David Wigan looks at the next evolution in low latency trading as firms implement microwave technology to increase their speed.
-
Derivatives regulation is pushing outsourcing of trade processing to custodian banks, finds Dan Barnes.
-
Galen Stops looks at the strategies behind the recent moves by NASDAQ OMX and NYSE Liffe.
-
Galen Stops looks at the collateral requirements in the world of OTC clearing and warns that the most exposed firms could be the least prepared.
-
November
Galen Stops looks at the recent developments in the MF Global bankruptcy in both the US and the UK and questions what the industry has learnt from the FCMs collapse.
-
Today the ban on short selling in the European Union comes into force. It will have potentially harmful effects on market quality, while producing few benefits, argues Fidessa's Dr Christian Voigt.
-
October
William Mitting looks at the possible implications of the news that OFT has stopped the clock on the LSE's takeover of LCH Clearnet.
-
Fidessa's Steve Grob looks at the obstacles and opportunities that are likely to arise as a result of the new regulations
-
September
Six Securities Services' Tomas Kindler looks at the phasinng in of interoperability in Europe and expects future consolidation amongst CCPs.
-
August
Derivatives volumes in Scandinavia has suffered in recent years, but as David Wigan found out, innovation in the region could help restore its fortunes.
-
Hong Kong Exchanges and Clearing failed where many others trod in the game of international exchange consolidation. However, as the dust settles on its £1.388bn acquisition of the London Metal Exchange, many in the market are claiming that it overpaid.
-
Galen Stops examines the state of the European interest rate markets and questions whether Nasdaq can break the duopoly of Liffe and Eurex.
-
Unfinished regulation is leaving new entrants cautious about their approach to the market but technology will be a key differentiator, finds Dan Barnes.
-
Fidessa's Steve Grob on the similarities with the best execution mandate in Mifid and shopping for baked beans.
-
The recent exchange outages are an inevitable consequence of keeping up with today's markets, writes Galen Stops
-
Galen Stops looks at industry responses to the Knight Capital disaster and argues that regulators are trying to solve the wrong problem.
-
Eurex is set to launch a new platform to trade interest rate derivative products. The gauntlet has been thrown in the next evolution of the markets, says William Mitting.
-
Baringa Partners’ Dr Oliver Fleming and Matt Clay examine the implications and the Fundamental Review of the Trading Book consultation.
-
All eyes are on client fund segregation following the fraud at PFGBest. But many barriers remain to what has long been the Holy Grail of transparency.
-
July
Galen Stops looks at the reasons behind the recent decline in volumes on Western derivatives exchanges.
-
Galen Stops looks at how segregation of funds is under the spotlight once more and the paths the industry could take to restore confidence.
-
Paul Caplin on the bright future ahead for single-dealer platforms.
-
NYSE Euronext has shelved plans for a retail focused electronic CFD platform just months after it was announced, FOW has learned.
-
European rulemakers should explore the middle ground when it comes to open access to benchmarks, says William Mitting.
-
Sungard's Claudio Capozzi on how new regulations will increase costs for firms in the energy sector.
-
Galen Stops look at how the price disconnect between WTI and Brent has opened the door for a new oil benchmark.
-
“I think the stimulus rally will fade, perhaps in this coming quarter.”
-
June
Dan Barnes looks at the potential for claims following the Libor fixing scandal.
-
Sungard's Magnus Almqvist looks at the implications of Guildeline 2012/122.
-
The battle for dominance in clearing interest rate swaps in Europe heated up yesterday with the news that Eurex’s new platform EurexOTC Clear will be rolled out in the second half of the year. William Mitting looks at the challenge and opportunity for Eurex.
-
May
The departure of Garry Jones, global head of Liffe, which was announced today by parent company NYSE Euronext, comes after a tough start to the year for the exchange, says William Mitting.
-
Submit your application for the FOW Awards and the FOW Awards for Asia.
-
April
Fidessa's Steve Grob on why regulation of HFT is best left to the market.
-
The G20 OTC clearing mandate has accelerated the race for domination among exchange owned clearing houses. Portfolio margining will be at the heart of success and the London Stock Exchange has taken an early lead.
-
Amid the doom and gloom across Europe at present, Poland is an island of optimism, writes Galen Stops.
-
The German derivatives market operator is undergoing a technology revamp that promises to surpass the demands of a transformed industry. Dan Barnes reports.
-
Theo Casey looks to Europe to hedge tail risk.
-
March
Why the Competition Commission's decision conflicts with EU regulation.
-
Liffe CEO Garry Jones on his plans for the exchange following the collpase of the NYSE/DB merger.
-
Dry freight derivatives took to central clearing like a Capesize vessel to water. But as innovators attempt to increase the volumes of screen trading, the market transition remains slow. William Mitting looks at how brokers, ISVs and exchanges are innovating to boost the volumes of FFA deals executed on screen.
-
February
When Deutsche Terminboerse successfully wrangled the bund contract from its London rival, it represented more than just a repatriation of the German rates contract. The migration of the bund heralded a new age of electronic trading and very nearly brought down the slow moving beast that was Liffe, remembers John Parry.
-
Brutus, whilst not universally admired, surely got it right when, in Shakespeare’s Julius Caesar, he claimed that there was a “tide in the affairs of men, which, taken at the flood, leads on to fame and fortune”.
-
Following the collapse of Lehman Brothers in September 2008, central counterparty LCH.Clearnet had the unenviable task of taking and closing out the brokerage’s outstanding positions, and managing the risk. Over a frenzied two weeks, LCH staff worked to mitigate the damage of the largest corporate bankruptcy in history. Dan Barnes looks at how those frantic days unfolded.
-
As well as a top class management team, a sandwich shop, 3500 telephone lines and a huge glass box were all integral to the launch of the London International Financial Futures Exchange. John Parry recounts the remarkable story of the launch of Liffe.
-
Bidders for the LME may have to preserve its contract specifications and open outcry. But will that be possible in the face of competition from Asia?
-
Did the Competition Commission misunderstand the nature of competition between Liffe and Eurex?
-
January
What does it say of equities that inverse ETFs have become good long-term bets? Flawed construction aside, Theo Casey notes short EURO STOXX funds gained steadily in 2011. Here he shares a short selling candidate for the year ahead.