OTC derivatives Archives - The Industry Spread

Market Fragmentation on G20 Agenda

April 17, 2019

FSB and IOSCO have launched an initiative to identify the sources of harmful market fragmentation as one of the priorities of Japan’s G20 presidency.

FCM Shrinkage Alarms CFTC

October 17, 2018

For futures, the number of FCMs has declined from 100 CFTC-registered entities in 2002 to 54 as of August 2018, with the top five and ten FCMs holding 54% and 73% of total client margin, respectively. For swaps, the client clearing landscape is concentrated further to less than 20 FCMs.