StoneX Enters Top 10 FCM Rankings After RJ O’Brien Integration StoneX Financial has ascended to the eighth-largest futures commission merchant (FCM) by customer funds following the successful migration of trading …
Clearing
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Affiliate repo transactions—trades executed between entities sharing the same parent financial institution—represented approximately 16.6% of the U.S. repo market during the second half of 2025. According to an Office of …
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Bank of England Rejects Wholesale Adoption of US Treasury Clearing Mandates The Bank of England (BoE) will not mirror the US Securities and Exchange Commission’s (SEC) recent Treasury clearing mandate …
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Regulatory Challenges and Uncertainty Impact Client Offerings in Financial Services Regulatory complexity and uncertainty over contract terminations are creating significant challenges for financial firms, according to recent reports. The dual …
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Bank of England Shifts Stance on Cross-Product Margining to Boost Gilt Repo Liquidity The Bank of England (BoE) is signaling a significant pivot in its regulatory strategy, aiming to improve …
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The Push for 24-Hour US Stock Trading: Navigating the Operational Hurdles The vision of a 24-hour US stock market is inching closer to reality, yet significant questions remain regarding whether …
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European Commodity Clearing Maintains Risk Strategy Amid Market Volatility For participants in the global energy markets, the current geopolitical climate has created a period of heightened sensitivity. As tensions persist …
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ESMA’s Supervisory Role and Market Reform Debates The European Securities and Markets Authority (ESMA) remains a pivotal player in the EU’s financial regulatory landscape, but recent discussions highlight concerns about …
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Clearing Firms Struggle to Explain New VAR-Based Margin Models at CME and ICE Why the Shift to Value-at-Risk Margining Is Causing Headaches The transition from traditional Standard Portfolio Analysis (SPAN) …
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CME-FICC Cross-Margin Program Faces Scrutiny Amidst Clearing Mandate The cross-margin arrangement between CME Group and the Fixed Income Clearing Corporation (FICC) is drawing attention from hedge funds and clearing members …