About the author: Sean McMahon | SmartBlogs

Sean McMahon Sean McMahon edits SmartBrief newsletters on global financial markets and consumer banking.

OpenGamma is developing an open-source method for the calculation of margins on bilateral derivatives transactions, the company has announced. OpenGamma is working with OTC derivatives market participants on the project.

This represents the first time that open access for margining source code will be available across industry participants, enabling full transparency of independent, verifiable margin calculations for OTC derivatives trades that will not be controlled by any entity.[…] Continue Reading »

SunGard has announced the introduction of a new utility to help global market participants meet regulatory pressures related to cleared OTC derivatives and post-trade futures. The utility will leverage technology to gain efficiencies, reduce risks and lower costs for global capital markets firms’ middle and back-office functions.

SunGard’s utility will provide customers with technology services and derivatives clearing operations for trade clearing, lifecycle management, margin processing, brokerage, reconciliation, data management and reporting to meet regulatory compliance needs.[…] Continue Reading »

Nasdaq is aiming to shake up the exchange landscape with the launch the new Nasdaq Futures energy market. The launch of the new market, which was announced on the sidelines of the 40th Annual FIA International Futures Conference, has the support of leading participants and will offer clearing for options and futures based on benchmarks for oil, natural gas, U.S.[…] Continue Reading »

Singapore Exchange plans to expand its suite of foreign exchange futures offerings in the third quarter with the addition of contracts for Renminbi crosses and the Taiwanese dollar. The additions, which were announced on the sidelines of the 40th Annual FIA International Futures Conference, are subject to regulatory approval and fall in line with the latest G20 changes affecting over-the-counter derivatives that call for a movement toward electronic exchanges.[…] Continue Reading »

President Barack Obama traveled to the heart of Silicon Valley on Friday to lay out his vision for improved cybersecurity in a digital age that has seen high-profile cyberattacks make headlines in recent weeks. Joining leaders from various industries at the White House Summit on Cybersecurity and Consumer Protection at Stanford University, Obama stressed the importance of enhancing the public-private partnership already in its infant stages.[…] Continue Reading »