Archive for futures SmartBlogs
Singapore Exchange and Korea Exchange have decided to collaborate in an effort to develop over-the-counter financial derivatives clearing capabilities. SGX, which has been clearing OTC financial derivatives since late 2010, has cleared close to $300 billion notional of OTC financial derivatives including interest rate swaps and non-deliverable Asian foreign exchange forwards. Meanwhile, KRX plans to begin clearing OTC derivatives in the middle of 2013 as part of an effort to attract a more global client base.[…] Continue Reading »
Financial derivatives are sometimes a savior, but in other times, a curse. Although their earliest documented use was in the form of rice futures in the 1700s, they have grown in popularity in recent times for hedging known risks, but have also drawn criticism as a tool of speculation. American International Group, for example, lost $18 billion on credit default swaps during the financial crisis.[…] Continue Reading »
The collapse of MF Global Holdings made the protection of customer funds a hot topic for the futures industry. Dan Maguire, head of SwapClear U.S., participated in the “New Models for Protection of Customer Funds” panel at the 37th International Futures Industry Conference. SmartBrief caught up with Maguire after that panel to discuss customer protection and other market trends.[…] Continue Reading »
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