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Derivatives: Struggling Into the New Era – Outlook 2013/14

The past few years have been challenging for the global economy but it seems as though the derivatives industry sustained more than its share of insults and injuries over the past year or so. Still reeling from the trauma of MF Global in October of 2011, exchange-traded volume went into its first nosedive in decades.

Urgent regulatory requirements added intense cost and time pressures to company staffs that were already stretched. A non-clearing FCM, Peregrine Financial, collapsed in scandal. OTC derivatives struggled with complex regulatory mandates and weak volume.

Perhaps the only positive for the year was that mergers and acquisitions at both the macro and micro level imply that innovation and creativity are still powerful industry drivers. That in turn suggests that the creative dynamism that has characterized the derivatives industry for so many years still has some innings to go.

Read the detailed report about Derivatives market outlook, challenges and issue of big deals, exchange mergers and new start ups, customer protection, Regulatory,Extraterritorial and Tax problems  and more. 

Source: WEF 25.04.2013 by Nicolas Ronalds

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CFFEX and Deutsche Börese signe Co- Operation Agreement

Deutsche Börse and China Financial Futures Exchange (CFFEX) today signed a Memorandum of Understanding (MoU) in Beijing. The parties agreed on a co-operation and an extensive exchange of information in order to facilitate the further development of both financial markets.

In accordance with the MoU, the two exchange organizations are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments. Further elements of the co-operation agreement include joint training and education initiatives, as well as an employee exchange program and regular visits from each exchange’s senior management.

“We are very pleased to have signed this agreement with CFFEX and look forward to deepening our relationship with leading institutions and authorities of China’s financial markets,” said Andreas Preuss, Deputy CEO Deutsche Börse and CEO of Eurex, the derivatives arm of Deutsche Börse.

Source: MondoVisione, 17.05.2012

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China Financial Futures Exchange & NYSE Euronext sign MOU

Exchanges enter agreement to develop futures and options markets in Europe, US and China

Beijing, Hong Kong, London, New York – NYSE Euronext (NYX) and the China Financial Futures Exchange (CFFEX) have signed a Memorandum of Understanding (MOU) to promote a bilateral partnership to support the development of the exchanges futures and options markets.

The agreement was designed to explore opportunities for extending the reach of both exchanges. The MOU will enable the two exchanges to explore opportunities for information sharing; exchanging and training employees; as well as business cooperation such as joint research into developing strategies for the derivatives market.

“Asia is a strategic priority for NYSE Euronext and we are delighted to partner with Mr. Yuchen and his colleagues at the China Financial Futures Exchange,” said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. “This agreement deepens our long term commitment to the region, and by sharing best practices and working collaboratively, CFFEX and NYSE Euronext will further promote the development and advancement of both the Asian and global financial markets.”

Garry Jones, Group Executive Vice President and Head of Global Derivatives, NYSE Euronext, said: “We have customers who trade our derivatives contracts all over Asia and this MOU with the China Financial Futures Exchange – along with our physical presence in Hong Kong, Singapore and Tokyo – further illustrates our commitment to Asian markets. We look forward to unlocking efficiencies and trading opportunities in both markets by working closely and sharing expertise with the CFFEX.”

“This collaboration will further develop both exchanges derivatives markets and facilitate the experiences of our customers and NYSE Euronext’s,” said Zhu Yuchen, Chief Executive Officer , Chinese Financial Futures Exchange.

Source: Automated Trader, 16.05.2012

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