The companies, products and regulatory developments shaping the broker industry.
A capital-based margin add-on and a conditional loss test support OCC’s wider product-eligibility framework. Its current guidance distinguishes overnight index products from early-morning equity and ETF options.
CME’s public advance notice sets out custody, conversion and legal-rights conditions for tokenized collateral. It proposes risk-based adjustments, not automatic margin relief, and remains subject to regulatory review.
The November order permits conditional recognition of net omnibus Treasury margin in broker reserve calculations. The amount must equal the least of collected margin, required margin and eligible collateral delivered.
A $2.28 billion increase transformed the investment mix in nine months, moving it away from central-bank accounts without changing the matched obligation to clearing members
A clearing-rule change produces a modest systemwide net increase but member-level Gap Risk Charge jumps of up to 750%, exposing a redistribution concealed by the aggregate figure.
ICE’s clearing cash and invested deposits rose 43% and dwarfed its US$936m of unrestricted corporate cash, but equal obligations and clearing rules prevent the balance from being treated as shareholder liquidity.
The public agreement shows a 120% capital floor, omnibus clearing and divided responsibilities. Fully paid securities are expressly protected from Apex liens, while Webull retains key compliance and deficit obligations.
UK CCPs may apply to use token forms of already eligible collateral, but finality, realisation and custody risks remain subject to supervisory review.
The new XAUUSDT24/7 contract creates weekend exposure with distinct terms; exchange opening hours and the liquidity underlying a broker quote remain separate issues.
Two Eurex Clearing circulars put margin and liquidity-calibration changes on the same date; these are parameter updates rather than a new clearing model.
HKEX says its listed-derivatives clearing houses accepted more than RMB400m of eligible mainland bonds as collateral on the new service’s first day.
Scope Markets is offering 24/7 MetaTrader 5 CFDs linked to indicative pre-IPO valuations, but customers buy derivatives rather than OpenAI or Anthropic shares.
The highest leverage applies to the first 50,000 USDT of exposure on 21 currency pairs. Larger positions require additional margin at progressively higher rates, and temporary limits can apply around economic announcements.
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.
Unlike an earlier product preview, a 28 October securities filing says the higher eligible-customer buying-power feature began during October and identifies greater broker credit exposure.