Swap

OKEx adds real-time settlement for ALGOUSD, ATOMUSD and 20+ coin-margined perpetual swaps

OKEX, Futures contract, Arbitrage, Swap, Option, Finance, Money, Financial markets
Thursday, January 14, 2021 - 7:05am

Real-time settlement brings numerous benefits to OKEx users including improved capital efficiency and greater cross-exchange arbitrage opportunities, and it has already proven popular on OKEx's coveted ADAUSD perpetual contract.

Key Points: 
  • Real-time settlement brings numerous benefits to OKEx users including improved capital efficiency and greater cross-exchange arbitrage opportunities, and it has already proven popular on OKEx's coveted ADAUSD perpetual contract.
  • Real-time settlement is being rolled out to cover all perpetual swaps, futures and options contracts on the OKEx exchange to improve the trading experience.
  • "We are really pleased to be able to extend this important feature to further perpetual swap contracts on the OKEx exchange.
  • Throughout the ongoing real-time settlement operation, OKEx reserves the right to temporarily close the real-time settlement function of some currency contracts in the case of extreme market conditions.

OKEx adds real-time settlement for ALGOUSD, ATOMUSD and 20+ coin-margined perpetual swaps

OKEX, Futures contract, Arbitrage, Swap, Option, Finance, Money, Financial markets
Thursday, January 14, 2021 - 6:35am

Real-time settlement brings numerous benefits to OKEx users including improved capital efficiency and greater cross-exchange arbitrage opportunities, and it has already proven popular on OKEx's coveted ADAUSD perpetual contract.

Key Points: 
  • Real-time settlement brings numerous benefits to OKEx users including improved capital efficiency and greater cross-exchange arbitrage opportunities, and it has already proven popular on OKEx's coveted ADAUSD perpetual contract.
  • Real-time settlement is being rolled out to cover all perpetual swaps, futures and options contracts on the OKEx exchange to improve the trading experience.
  • "We are really pleased to be able to extend this important feature to further perpetual swap contracts on the OKEx exchange.
  • Throughout the ongoing real-time settlement operation, OKEx reserves the right to temporarily close the real-time settlement function of some currency contracts in the case of extreme market conditions.

Knock Home Swap™ Expands in Florida, Now Available in Jacksonville

Swap
Thursday, January 7, 2021 - 10:57am

Since the Knock Home Swap first launched in July 2020, it has grown to a total of 15 markets nationwide.

Key Points: 
  • Since the Knock Home Swap first launched in July 2020, it has grown to a total of 15 markets nationwide.
  • "Buying a new home when you have one to sell is fraught with stress and uncertainty," said Knock Co-Founder & CEO Sean Black.
  • Kristy Burchell and her husband, Stan, recently used the Knock Home Swap to purchase their new home in Arlington, Texas.
  • In Jacksonville, Knock is partnering with Keller Williams Atlantic Partners to enable homeowners to "swap" their current house for their dream home.

SEC Issues Substituted Compliance Order for Germany and Notice of Substituted Compliance Application and Proposed Substituted Compliance Order for France

Cardiovascular physiology, Compliance, Respiratory physiology, Federal Financial Supervisory Authority, Swap, Hester Peirce, Government
Tuesday, December 22, 2020 - 3:07pm

First, the Commission is publishing a final substituted compliance order in response to an application by Germanys Bundesanstalt fr Finanzdienstleistungsaufsicht (BaFin).

Key Points: 
  • First, the Commission is publishing a final substituted compliance order in response to an application by Germanys Bundesanstalt fr Finanzdienstleistungsaufsicht (BaFin).
  • In addition, the Commission is publishing a notice of application and proposed substituted compliance order in response to an application by Frances Autorit des Marchs Financiers (AMF) and Autorit de Contrle Prudential et de Rsolution (ACPR).
  • The French application similarly seeks substituted compliance for French security-based swap entities based on compliance with French and EU requirements.
  • Substituted compliance is a critical component to the workable yet effective regulation of the global OTC derivatives markets, said SEC Commissioner Hester Peirce.

Lion Announces Entry into Share Subscription Agreement in Connection with Private Placement of Common Shares

Swap, Subscription business model
Monday, December 21, 2020 - 12:30pm

Lion expects to use the proceeds from the Share Subscription Agreement to develop, among others, its total return swap trading business in which the parties shall co-operate with each other.

Key Points: 
  • Lion expects to use the proceeds from the Share Subscription Agreement to develop, among others, its total return swap trading business in which the parties shall co-operate with each other.
  • Pursuant to the Share Subscription Agreement, in addition to the capital contribution of $10 million, Yun Tian shall dispatch a team of talents in the areas of finance, technology, marketing etc.
  • Both parties will commence the business cooperation upon the execution of Share Subscription Agreement.
  • Lion cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

OSC Panel approves settlement with Bloomberg Trading Facility Limited and Bloomberg Trading Facility B.V.

Financial markets, Swap, Security, Bloomberg L.P., Finance
Friday, December 18, 2020 - 9:38pm

TORONTO, Dec. 18, 2020 /CNW/ -A Panel of the Ontario Securities Commission (OSC) today approved a settlement agreement with Bloomberg Trading Facility Limited (BTFL) and Bloomberg Trading Facility B.V. (BV), two foreign-based firms that operate multilateral trading facilities for fixed income securities and swaps.

Key Points: 
  • TORONTO, Dec. 18, 2020 /CNW/ -A Panel of the Ontario Securities Commission (OSC) today approved a settlement agreement with Bloomberg Trading Facility Limited (BTFL) and Bloomberg Trading Facility B.V. (BV), two foreign-based firms that operate multilateral trading facilities for fixed income securities and swaps.
  • As part of the settlement agreement, BTFL and BV have paid an administrative penalty of CAD $2,506,011.80 and disgorged $663,305.20.
  • The payments take into account, among other things, BTFL and BV's level of cooperation with OSC Staff.
  • To provide transparency to market participants, OSC Staff have included detailed descriptions of how these sanctions were calculated in the settlement agreement.

TriOptima Completes First Benchmark Conversion Risk Replacement Trades at Japan Securities Clearing Corporation

Financial markets, Settlement, Benchmark, Swap, Derivative, Clearing, Option, Economy
Friday, December 18, 2020 - 9:00am

The cycle took place on December 4, 2020 at the Japan Securities Clearing Corporation (JSCC).

Key Points: 
  • The cycle took place on December 4, 2020 at the Japan Securities Clearing Corporation (JSCC).
  • The triReduce benchmark compression service allows swap market participants to reduce their gross and net exposure to legacy benchmarks while increasing their adoption of alternate benchmarks through risk replacement trades.
  • "We are very pleased to support JSCC in offering the triReduce benchmark conversion service to its membership, including yen risk replacement trades for the first time," says Philip Junod, Senior Director, triReduce and triBalance Business Management.
  • "We are very pleased to see completion of the first triReduce benchmark conversion service as part of JSCC's December compression cycle,"says Takehiro Hosomura,Executive Officer of Clearing Planning and OTC Derivatives Clearing Services, JSCC.

TriOptima Completes First Benchmark Conversion Risk Replacement Trades at Japan Securities Clearing Corporation

Financial markets, Settlement, Benchmark, Swap, Derivative, Clearing, Option, Economy
Friday, December 18, 2020 - 9:00am

The cycle took place on December 4, 2020 at the Japan Securities Clearing Corporation (JSCC).

Key Points: 
  • The cycle took place on December 4, 2020 at the Japan Securities Clearing Corporation (JSCC).
  • The triReduce benchmark compression service allows swap market participants to reduce their gross and net exposure to legacy benchmarks while increasing their adoption of alternate benchmarks through risk replacement trades.
  • "We are very pleased to support JSCC in offering the triReduce benchmark conversion service to its membership, including yen risk replacement trades for the first time," says Philip Junod, Senior Director, triReduce and triBalance Business Management.
  • "We are very pleased to see completion of the first triReduce benchmark conversion service as part of JSCC's December compression cycle,"says Takehiro Hosomura,Executive Officer of Clearing Planning and OTC Derivatives Clearing Services, JSCC.

SEC Adopts Clearing Agency Rule to Limit Potential for Overlapping or Duplicative Regulation

Finance, Money, Financial markets, Swap, Security, Broker-dealer, U.S. Securities and Exchange Commission, Commodity Futures Modernization Act, Securities market participants
Wednesday, December 16, 2020 - 10:55pm

Washington, D.C.--(Newsfile Corp. - December 16, 2020) - The Securities and Exchange Commission today announced that it has adopted a rule to limit the potential for overlapping or duplicative regulation within its security-based swap regulatory regime.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - December 16, 2020) - The Securities and Exchange Commission today announced that it has adopted a rule to limit the potential for overlapping or duplicative regulation within its security-based swap regulatory regime.
  • Specifically, the rule exempts certain activities of security-based swap execution facilities and security-based swap dealers from triggering the requirement also to register as a clearing agency, in line with similar exemptions for broker-dealers and national securities exchanges.
  • In seeking this result, the rule also should help the Commissions regime for security-based swaps launch smoothly when dealer registration begins next year.
  • Both the exemptions from and exclusions to the definition of clearing agency are designed to ensure that the entities are subject to appropriate regulation.

Frost & Sullivan Recognizes Gogoro with the 2020 Global Company of the Year Award for the Swappable Battery Electric Scooter Market

Gogoro, Convenience store, Coffee, Swap
Wednesday, December 16, 2020 - 2:00pm

Gogoro has grown from 70 GoStations in 2015 to nearly 2,000 stations in 2020, accessed by nearly 360,000 customers every month.

Key Points: 
  • Gogoro has grown from 70 GoStations in 2015 to nearly 2,000 stations in 2020, accessed by nearly 360,000 customers every month.
  • Gogoro strategically places these stations every 500 meters in places such as malls, convenience stores, parking structures, and coffee shops.
  • It has established consumer battery swapping on a mass scale, performing 265,000 battery swaps each day (135 million to date).
  • "The company expects to build the service out in several cities outside of Taiwan," said Vishwas Shankar, Research Director at Frost & Sullivan.