Libor Alternative Is Winning Over Derivatives Traders – The Wall Street Journal
Efforts to replace the troubled London interbank offered rate are showing signs of progress. Trading in derivatives tied to Wall Street’s preferred alternative, the Secured Overnight Financing Rate, surged 78% in August, according to TD Securities. The increase comes ahead of a year-end deadline to phase out Libor, which helps set interest costs on trillions […]
ION expands derivatives business with Clarus Financial Technology acquisition – The TRADE News
ION Markets has confirmed it has acquired derivatives analytics specialist Clarus Financial Technology in a deal that will boost the firm’s post-trade processing platform. The real-time margin and risk management analytics for cleared and uncleared OTC derivatives will be integrated with ION’s clearing, settlement and reporting platform, XTP, as part of the acquisition. Terms of […]
Amidst Binance Debacle, Eightcap Steps in as the Largest Crypto Derivative Offering – NewsBTC
This last month has not been an easy one for crypto derivatives traders. This is because Binance, one of the largest crypto exchanges, announced that it would no longer offer derivative trading to its users in Hong Kong. This came after similar services were suspended in European countries like Germany, Italy, and the Netherlands. According […]
German finance ministry raided in money laundering probe – CNBC
09 September 2021, BERLIN: Camera teams stand outside the Federal Ministry of Finance. The Osnabrück public prosecutor’s office has been searching the Federal Ministry of Finance and the Federal Ministry of Justice in Berlin since Thursday morning. Christophe Gateau/picture alliance via Getty Images German prosecutors raided the finance and justice ministries on Thursday as part […]
