Article reports that the Derivatives Service Bureau (DSB) has decided not to change its fee model for 2019 following feedback from its clients. Article reports that the firm’s objective is to develop a fair fee model that does not intentionally penalise users in the system. Article refers to comments by Alex McDonald that governance arrangements for the UPI are reassuring and reflects the success of local operating units for LEIs.
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Article reports that over half of the 29 buyside firms surveyed by Liquidnet have not implemented their Brexit plans due to uncertainty around the direction of Brexit negotiations. Of those surveyed, 83% of the respondents have developed a theoretical plan to respond to Brexit, although 17% are unsure of what to do. Article refers to comments from Alex McDonald around the increasing need for intermediaries to help firms manage uncertainties such as Brexit.
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Article reports that the CPMI and IOSCO are looking into how OTC derivatives data should be treated as industry bodies strive to achieve meaningful information from trade repositories and streamline critical data elements used in OTC derivatives reporting. Article includes mention of how Evia found the latest FSB proposal for UPI “reassuring.”
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Article reports that the Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) are examining options for how OTC derivatives data should be treated as the industry seeks to obtain useful information from trade repositories whilst also streamlining the most important data elements that are used in OTC derivatives reporting. Article refers to comments made by Alex McDonald on how the latest FSB proposed governance framework for the unique product identifier (UPI) is reassuring.
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Article reports that volumes of OTC trades on the UK’s natural gas hub NBP fell to its lowest in 19 months in July, according to LEBA data, and summarises other trends in the industry based on this data.
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Article reports that OTC traded gas volume at the Dutch TTF hub surged 35% in the first seven months of 2018 in comparison to the equivalent period in 2017, according to data published by LEBA, and outlines other trends in energy trading volumes based on LEBA data.
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