- +44 (0) 20 7542 4578
The first Bitcoin derivatives transaction on a regulated exchange was completed this month between digitalBTC – a digital currency solutions firm and liquidity provider for the new swaps contracts – and an undisclosed hedging counterparty.
The Financial Stability Board has issued a set of guidelines addressing the order of funding sources that a central counterparty clearing house should tap in the event of its own insolvency or that of a member firm.
Europe’s key swaps regulator has leapfrogged its US counterparts with plans to push foreign exchange contracts through central counterparty clearing firms as soon as September 2015. The surprise move has triggered a rush to connect to services in a market that some believe lacks the necessary infrastructure to support a clearing obligation (see “ESMA lightens frontloading burden”, IFR 2053 p63).