US firms returning to iron ore derivatives after SGX and CFTC clear regulatory obstacles
The CFTC’s no-action relief letter issued late last year and SGX’s upcoming iron ore futures contract have ended uncertainty and brought back hesitant market participants
US hedge funds have resumed using Singapore Exchange's (SGX) AsiaClear platform for iron ore swaps since the Commodity Futures Trading Commission (CFTC) granted no-action relief until the end of 2013, brokers have confirmed.
Similarly, non-US firms that remain wary of the current uncertain regulatory climate and do not want to trade swaps with US-based entities are looking to the SGX's upcoming launch on February 25 of iron ore futures to help avoid registration as swap dealers or major swap
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Metals
Interview: Can Matthew Chamberlain rescue the LME?
London Metal Exchange CEO identifies problems, awaits contract and fee structure revamp feedback
Base metals dealer of the year: BNP Paribas
French bank expands hedging and finance solutions to mainland China
Asia precious metals house of the year: Citi
Citi builds full-service Asia strategy as others exit market
LME Clear ‘welcomes scrutiny’ of CCP risk management
Oversight from clearing members is good for central counterparties, says LME Clear CEO
Metals house of the year: SG CIB
Barclays and Jefferies Bache deals highlight bank’s commitment to metals
Metals traders shun clearing due to Emir, says LME chief
Emir segregated accounts pushing firms to trade OTC, says Jones
LME eyes Asian growth while dealing with regulation
Garry Jones on China, warehouses, clearing and financial regulation
Energy Risk Asia Precious Metals House of the Year: ANZ
ANZ connecting physical players with reach and structuring ability
