Derivatives Market last traded price, closing price, high/low price, trading volume & turnover of individual futures and options contract series on the Futures Exchange as well as individual stock options contract series on the Stock Exchange.
Derivatives Market. Commission proposes clearing rules for OTC trading On 15 September 2010, the European Commission has tabled a proposal for a Regulation (COM (2010)484/5) on derivatives. • Trades in over-the-counter derivatives will have to be reported to trade repositories. Regulators in the EU will have access to these repositories, in order to monitor the market and detect potential risks. The newly estab- lished European Securities and Markets Authority (ESMA) will be responsible for the surveillance of trade repositories and for the supervision of derivatives’ registration. Trade repositories will also have to publish aggregate positions by class of derivatives. • Standardised derivatives (i.e. derivatives which respond to eligibility criteria) will have to be bought, sold and cleared through cen- tral counterparties (CCPs), which in prac- xxxx act as mediators between buyers and sell- ers. • In case a contract is not eligible to be traded through CCPs, different risk management techniques must be applied: electronic means to ensure timely confirmation of the OTC de- rivative contract, exchange of collateral, hold- ing of capital. The proposal also requires market participants to mitigate risks when operating on derivatives mar- ket, for example using electronic means to confirm the terms of OTC derivatives contract. The Regulation is scheduled to apply from the sec- ond half of 2012.
