APRA – Margining for non-centrally cleared derivatives
It is almost two years since I wrote about the Final US Rules on Margin for Non-Cleared Swaps. How time flies and since then we have seen implementation of this rule in the US and equivalent rules and regulations in many other jurisdictions. Today I will look at the Australian regulation recently made final by […]
FCM Rankings & Concentration: Q2 2017
We have Q2 data for Clearing Brokers, showing any changes in the US clearing landscape. Let’s dig into the data, starting with our count of FCMs by various metrics: Showing 63 firms registered (down 1 from Q1 2017), and 56 firms with any Client Requirements. Other headline metric is total client required margins, which trended […]