Today's market｜August 11

Singapore Exchange goes live with  the National Stock Exchange of India

Singapore Exchange (SGX) goes live with NSE IFSC-SGX, the equity derivatives trading link service with the National Stock Exchange of India (NSE), which will be responsible for trading and clearing Nifty equity derivatives. The NSE IFSC Clearing Company of the National Stock Exchange of India will perform the clearing part of the work, with SGX Derivatives Clearing Company acting as the central counterparty.

CME Clearing Adds Short-Term ETFs to Collateral Coverage

Chicago Mercantile Exchange (CME) announced that its clearing platform, CME Clearing, has further expanded the collateral it accepts by allowing clearing members to deposit short-term Treasury Exchange Traded Funds (ETFs) to meet initial margin requirements. The addition of short-term ETFs will enhance the efficiency of clearing members and their clients in managing collateral costs.

Arraco approved to launch Dublin venue for European derivatives

Arraco Global Markets, the commodities firm started by a former TP ICAP energy broker, has received regulatory approval to build a European derivative trading venue in Dublin. The firm has been granted a Markets in Financial Instruments Directive (MiFID) license from the Central Bank of Ireland for its Irish subsidiary to operate a European headquarters in Dublin and allow European Union firms to trade on its organised trading facility (OTF). Tom Roberts, group chief executive of Arraco, said in a release. “The EU OTF license enables us to develop new markets where previously we would have had to partner with an exchange to do so.”