The companies, products and regulatory developments shaping the broker industry.
Comparing CFTC Staff Letters 26-26 and 26-30 reveals two distinct types of conditional relief: a six-country securities-custody route for Eurex swaps and a wider but settlement-specific trust-company position for derivatives clearing houses.
Eurex has described a forthcoming hybrid CCP structure for eligible digital bonds and conventional repo collateral; live settlement performance and eligibility depend on later notices.
Deutsche Börse says its clearing house will integrate digital instruments into repo and margin workflows instead of isolating tokenised assets in a separate liquidity pool.
The clearinghouse is replacing individual server-certificate downloads with a certificate-authority trust model for FpML, trade-entry, margin and FIXML interfaces.
Release 22.0 will change reports, interface schemas and portfolio workflows; Eurex's 27 October circular identifies the production-day handover precisely.
The revised timetable moves selected C7 SCS 6.0 functions to 23 November. The key change would let qualifying ISA Direct Light rollovers use incoming cash before new trades require gross funding.
The planned GC Pooling transfer is automatic, but tax certification, powers of attorney and eligible holdings still determine operational readiness.