Crypto News Platforms 

Former Morgan Stanley Developers Launch Crypto Derivatives Exchange

“Eight former core developers from financial services company Morgan Stanley have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore” writes Joeri Cant for cointelegraph.com. In November, Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), proposed to bring crypto derivatives trading under its purview.As executives from Morgan Stanley, we know what kind of ways, what kind of direction, or what kind of architecture can support high-frequency trading, stability, and low latency.Phemex co-founder Jack Tao said: Tao, who spent 11 years as an executive at Morgan…

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Crypto Futures Markets News Platforms 

Huobi DM to Offer Crypto Perpetual Contracts Next Year

“However, unlike futures contracts, perpetual contracts have no expiration date” writes Arnab Shome for financemagnates.com. Huobi Derivative Market (DM) on Thursday announced its plans to launch perpetual futures contracts for digital assets.These instruments are very similar to traditional futures contracts and grant investors the ability to profit from selling digital assets, either short or long, similar to futures contracts. In September, Huobi also entered the Argentinian market which is struggling with hyperinflation, making it a very lucrative market for crypto.Commenting on the prospect, Jason Lan, vice president of Huobi Group,…

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News 

Canada follows in ESMA’s footsteps, as new rules for highly-leveraged products in store

“On the downside, IIROC already has approval authority over the introduction of highly-leveraged over-the-counter derivatives to retail clients” reports financefeeds.com. The codification of this power and the broadening of its scope to include all highly-leveraged products introduces an important regulatory check that can help ensure that highly-leveraged products with little to no likelihood of profitability aren’t offered to retail clients.On the positive side, IIROC already has been granted this power by certain CSA jurisdictions for contracts for difference products offered to retail clients by its Dealer Members. Source: financefeeds.com

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Crypto Futures News 

Singapore: Crypto Derivatives Set to Come Under Regulatory Oversight

“Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), has proposed bringing crypto derivatives trading under its purview” writes Marie Huillet for cointelegraph.com. According to the MAS, plans to extend its remit to crypto derivatives have been spurred by interest from hedge funds and asset managers engaged in the sector.Bitcoin derivatives trading globally currently sees $5–10 billion in daily traded volume, exceeding spot volume by 10 to 18 times, the report notes, citing data from Skew and BitcoinTradeVolume. Source: cointelegraph.com

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Crypto News 

JPMorgan Automates Derivatives Margin Payments With Blockchain Tech

“In June 2019, major stock exchange operator Nasdaq successfully piloted a blockchain-based proof-of-concept (PoC) providing a 24/7 securities collateral solution” writes Helen Partz for cointelegraph.com. Major global investment bank JPMorgan has developed a new blockchain-based solution for derivatives designed to speed up cash and collateral transfers. The PoC reportedly enabled parties to handle the margin call, the securities collateral delivery and the return process within minutes.Blockchain technology has previously been used in collateral transfers.Integrated with JPMorgan’s proprietary automation system, the new solution reportedly eliminates manual intervention in the collateral process…

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Crypto Futures Markets News 

Tassat Gets CFTC Approval to Issue Bitcoin Derivatives in US

“The registration brings Tassat closer to launching a crypto derivatives exchange with full oversight from the CFTC, where it hopes to list physically-delivered Bitcoin (BTC) derivatives for institutional investors” writes Marie Huillet for cointelegraph.com. New York-based financial technology firm Tassat — formerly known as  trueDigital — has succeeded in overcoming the first hurdle in its bid to launch a fully-regulated crypto derivatives exchange. This summer, another crypto exchange ErisX, procured a derivatives clearing organization license from the CFTC as part of its plans to make digital asset futures contracts available…

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Markets News 

MOEX Reports Weak FX Volume, But Solid Equities in Q3

“MOEX posted a trading volume of RUB 3.3 trillion for the equities market in the third quarter” writes Celeste Skinner for financemagnates.com. During the third quarter, the fee and commission income for MOEX grew to RUB 6.4 billion ($100.3 million).London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now In particular, the equities market recorded a fee and commission income of RUB 604.8 million.The derivatives market noted a fee and commission income of RUB 774.0 million.For the third quarter, the net fee and commission income was…

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ASIC keeps responding to high incidence of misconduct in retail OTC derivatives sector

“In April 2019, for instance, ASIC conducted an extensive information-gathering exercise of the licensed entities active in retail OTC derivatives, covering 18 areas” reports financefeeds.com. ASIC also worked to ensure that retail OTC derivatives providers are complying with foreign laws.The Australian Securities & Investments Commission (ASIC) has earlier today tabled its Annual Report for the 2018-19 financial year in the Australian Parliament.Information obtained is set to help ASIC address key themes and concerns in the sector. Source: financefeeds.com

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Crypto Futures News 

Deribit Launches Weekly Research Publication on Various Crypto Topics

“The Netherlands-based Bitcoin (BTC) futures and options trading platform Deribit is launching a weekly publication called Deribit Insights” writes Joeri Cant for cointelegraph.com. The first research report takes a closer look at the liquidation mechanisms used by cryptocurrency derivatives platforms.The Deribit Insights publication will review cryptocurrency events, delve into recent market developments and explore future advancements of the crypto industry.In a press release shared with Cointelegraph on Oct. 9, Deribit announced that it will be launching a weekly in-depth analytical research publication focused on various crypto topics, tailored for both…

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