DB1: Eurex CEO Andreas Preuss stated that the EU’s decision to delay the introduction of its OTC clearing mandate to 2015 is “unfortunate” and creates an “implemented disadvantage” for the aim of increasing safety in the sector, as reported in Risk.net.
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to an indispensable tool for managing risk as well providing an alternative investment to traditional stock and bond portfolios.
The CFMA meant different things to different groups and to the Futures Industry Association and the large bank future commission merchants that had come to dominate its leadership, it meant the potential of delinking clearing from exchanges.
Traders' View of the World: High-frequency trading has created a push-back to markets focused on efficiency. World leaders are looking to create resilient markets, and the two don’t always go together.