Can CFTC play nice with European regulators on margin?

Exchange shorts

European regulators and the CFTC are close to a deal on transatlantic clearinghouse margin requirements, according to newswire MLex. The deal would be a step in the right direction for the harmonized rules on derivatives trade that is expected in September.

Saudi Arabia Capital Markets Authority is seeking feedback from government ministries on the proposed opening of its bourse to direct foreign investment, according to Bloomberg. The draft rules will go for a wider consultation with banks, market participants, and the public once government ministries have responded.

Indian government published draft rules giving FMC (Forward Markets Commission) more power over intermediaries in the commodities derivatives market. Reported

LCH.Clearnet’s SwapClear named Marcus Robinson as head in Australia in an effort to increase its presence.

BM&F Bovespa SA (BVMF3) will book a one-time charge of BRL63.1m as it adheres to the Refis back-tax collection program. The discussion is in connection with the secondary equity offering of its shares in 2007 tax deductions.

The Australian Stock Exchange (ASX) reported fiscal year 2014 earnings-per-share of AUD 0.1985 (+1.5% year over year), on revenues of (AUD658m (+6.6% y/y), and operational expenditure of AUD154 million (-5.1% y/y). BoD announced a final dividend of 89.9¢ per share, totaling 178.1¢ per share for the FY14, an increase of +4.6% y/y.

ICAP launched its coking coal derivatives desk. The first transaction, conducted between a bank and a Singapore-based trading company, was cleared through CME Group.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at 

Equity Research Desk ( provides fundamental analysis of global capital markets related entities to support the investment process of buy-side analysts at hedge funds and traditional money managers. The company focuses its coverage on securities exchanges, discount brokers, trading platforms, asset managers, financial-related technology companies and intellectual property assets in the US, Europe, Asia, and Latin America.

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