At the LSEG General Meeting held earlier this month more than 99% of Shareholder votes were in favour of acquiring Refinitiv. The deal is an all share transaction valued at approximately US$27 billion.
Fortuna (https://www.fota.top), a start-up based in Singapore aims to revolutionise the OTC market and solve “several core problems” along the way. According to their whitepaper the OTC market:
This is a follow up to the announcement about going live with a link to Shanghai here, and explains more widely what R5FX are trying to achieve.
R5FX is a marketplace dedicated to emerging market trading, with price distribution that is not restricted by bilateral credit, enabling clients to access the entire FX market. It provides increased speed and access, meaning you can price your customers more accurately and hedge your risk more effectively.
The consequences of a 'no deal' Brexit on CCPs and TRs in the UK is perhaps catastrophic unless other arrangements are made. This FIA impact analysis is an excellent resource on the scenario and mitigations that FIA would like to see put in place.
Not a small project - defining the products and product lifecycle of the entire OTC market
The team here at The OTC Space are pleased to announce the availability of the downloadable PDF edition of Rocket 9 featuring four articles on Uncleared Margin Regulation plus 8 articles on a regulation, trading, clearing and post-trade. Get your free copy here, and send one to your colleagues.
A great deal of change is coming to the collateral management world over the next few years. With mandatory clearing and non cleared margining already well on their way to implementation, a good deal of firms whose relationship with collateral management may well be tangential will need to start thinking about it. Specifically Tier 2 banks, corporates, pension funds and buy-side firms will either need to expand or create their collateral management capability in order to satisfy regulation. Implementation of regulation is on a sliding scale all the way to 2020, so understanding when your operations will be hit is key.