News 

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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Markets News 

Pantera Capital Leads $5M Seed Round of Decentralized Derivatives Startup

“Vega is currently focused on designing and implementing its core protocol for secure and non-custodial decentralized margin trading” writes Marie Huillet for cointelegraph.com. The software aims to disintermediate derivatives trading — eliminating the “rent-seeking middlemen endemic to traditional capital markets” and replacing them with peer-to-peer mechanisms. Source: cointelegraph.com

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News Oil 

Rogue derivatives trader at Mitsubishi Corp’s PDS subsidiary causes $320m loss

“The loss stems from the trades of an employee who was hired locally by PDS to handle its crude oil trade with China” reports financefeeds.com. Because the employee was manipulating data in PDS’s risk-management system, the derivatives transactions appeared to be associated with actual transactions with PDS’s customers.Petro-Diamond Singapore (Pte) Ltd., which engages in the trade of crude oil and petroleum products, has confirmed that it expects to book a loss of approximately USD 320 million from its trade of crude oil derivatives.Since July, the price of crude oil has…

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Crypto News Platforms 

Seed CX Subsidiary Zero Hash Launches Support for Crypto Derivatives

“Zero Hash, a calculation and settlement agent and subsidiary of cryptocurrency platform Seed CX, has added support for derivatives” writes Ana Alexandre for cointelegraph.com. Earlier in September, major cryptocurrency exchange Binance showed growing interest in the cryptocurrency derivatives market by acquiring JEX, a crypto-asset trading platform that offers spot and derivatives trading services.According to a press release published on Sept. 11, Zero Hash now allows the settlement of bilateral derivatives transactions and supports settlement functions for forwards. Source: cointelegraph.com

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News 

Zero Hash Adds Support for Derivatives Settlements

“Meanwhile, in August, another subsidiary of Seed CX, Seed SEF, started user acceptance testing of its physically-settled bitcoin derivatives” writes Arnab Shome for financemagnates.com. Zero Hash, the crypto-focused affiliate of Seed CX, has launched support for derivatives, allowing participants to settle bilateral derivative transactions, the company announced on Wednesday. The company is planning to list the bitcoin swap on Seed SEF with both margined and physically-settled offerings. Source: financemagnates.com

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Crypto Futures News 

CBOE Will Not List Bitcoin Futures in March, Cites Need to Assess Crypto Derivatives

“In the case of the CBOE Bitcoin futures market, the difference is then settled in U.S. dollars” writes Aaron Wood for cointelegraph.com. In December 2017, CBOE launched Bitcoin futures trading, followed closely by its competitor, the Chicago Mercantile Exchange (CME).CBOE said: “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019.Futures contracts give investors exposure to an underlying asset — in this case Bitcoin — without the need to actually own any.Earlier this week, a report from Bloomberg stated that the Bitcoin price could…

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Brokers News 

New Product: As all-new MT-compatible multi asset solution goes live, diversification is now paramount for FX brokers

“Multi-asset trading environments, offering connectivity to massive asset bases is a pre-requisite in order to engage British investors, who are usually well-read, strategic and pragmatic” reports financefeeds.com. Thus, there is now a fully accessible multi-asset solution for retail brokers which allow the trading of spot OTC derivatives on the same platform as multi-asset exchange listed futures and equities.It’s the quiet ones that are often the dark horses, especially among firms that cater toward the financially conservative British retail electronic trading sector.Mr O’Reilly is a veteran FX industry senior figure with…

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Markets News 

IHS Markit Launches OTC Derivatives Valuation Data for FX

“IHS Markit announced this Monday that its over-the-counter (OTC) derivatives valuation data is now available to financial institutions for best execution compliance” writes Celeste Skinner for financemagnates.com. According to the statement, this valuation data will be available for a range of markets – interest rate, equity, forex, credit, commodity and structured product OTC derivatives.The time-stamped data will assist firms in monitoring intraday and historic transaction costs across foreign exchange (forex) and other OTC derivatives.As global regulations clamp down on transparency regarding financial market transactions, the London-based firm has launched this…

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News 

JPX Contines Lacklustre Results in February, Derivatives Volumes Fall

“Specifically, the number of derivatives contracts traded during the month of February was 25,593,715 contracts” writes Celeste Skinner for financemagnates.com. During the month, trading volume came in at 769,249 contracts, which is an average daily volume of 40,487.In terms of trading value, the results don’t look much better.In February, the trading value for derivatives was ¥189.2 trillion (around $1.7 billion).During February, trading value for the segment was ¥3.3 trillion. Source: financemagnates.com

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