This is expected to improve traceability, aggregation and systemic risk monitoring of OTC transactions include FX derivatives, FX derivatives include FX forwards, FX swaps - are used for hedging currency exchange rates. Rupee interest rate derivatives include overnight index swaps, MIBOR-linked swaps used for managing duration and repricing risks in bonds. The RBI had issued a draft on UTI in October 2025. Until now, while OTC derivative transactions were mandatorily reported to the trade repository ope ...

Market participants will be required to use a Unique Transaction Identifier (UTI) for all over-the-counter (OTC) derivative transactions from January 1, 2027, per the final RBI guidelines on UTI use.The draft circular on UTI for OTC Derivative Transactions in India had proposed that the instructions on its use will come into effect from April 1, 2026.The extended timeline in the final circular is intended to provide sufficient time for market participants to build the necessary technical capabilities.UTI ha ...

Core Insights - A federal regulator, the Commodity Futures Trading Commission (CFTC), is asserting its jurisdiction over prediction markets, particularly in response to state regulators' concerns about these markets being akin to illegal sports betting [2][5]. Group 1: Regulatory Landscape - CFTC Chair Mike Selig emphasized the agency's commitment to defending its authority over prediction markets, stating that it filed a legal brief in support of Crypto.com in federal court [2]. - Selig's op-ed in The Wall Street Journal highlighted the agency's stance against "overzealous state governments" that may undermine its regulatory power over prediction markets [2]. - The legal debate centers on whether prediction markets, which involve events contracts with binary outcomes, should be regulated by state gambling authorities or fall under the CFTC's jurisdiction as derivatives [5]. Group 2: Market Dynamics - Prediction markets are rapidly gaining attention and are implementing marketing strategies, such as offering free groceries, to enhance their visibility and business ventures [3]. - Key players in the prediction market space include Polymarket and Kalshi, with other companies like CME Group, Robinhood, Coinbase, and DraftKings also entering the market [6]. - Robinhood's chief noted that their venture into prediction markets is the fastest-growing initiative in the company's history [6]. Group 3: Political and Public Reactions - Pennsylvania Senator Dave McCormick praised prediction markets for their potential benefits to businesses and individuals [4]. - Utah Governor Spencer Cox criticized the CFTC's authority over prediction markets, suggesting they are harmful to families and young men [4]. - The ongoing debate has sparked reactions from both supporters and critics of prediction markets, indicating a contentious environment as regulatory battles intensify [7][8].

Perpetual futures, often called perps, are a type of derivatives contract that let traders take leveraged exposure to an asset without an expiration date. Unlike traditional futures, which settle on a fixed schedule and must be rolled over, perps stay open indefinitely and track the price of the underlying asset through a funding mechanism that balances long and short positions. That structure is a big reason perps gained traction in crypto markets. They remove the need to constantly manage expirations w ...

2026年上海两会如期召开，代表委员们聚焦上海国际金融中心建设这一核心议题，各抒己见、建言献 策，为城市金融发展注入智慧力量。 上海市人大代表、国泰君安期货有限公司计划财务部总经理助理马炜，结合自身行业经验，围绕金融衍 生品复合型人才培育提出建议。 其二，打造行业实训与继续教育平台。依托上期所、行业协会等，建设"上海金融衍生品人才实训基 地"，面向高校学生、在职人员开展国际化规则、产业套保、数字风控等专项培训。设立实训专项补贴 资金，对中小企业从业人员、高校学生给予培训补贴，开发线上平台提供"随选随学"课程。 其三，健全人才评价与激励机制。制定上海金融衍生品人才评价标准，将跨境交易能力、产业服务经 验、数字工具应用水平等纳入评价指标，建立行业人才库。对入库高端人才，在户籍落户、住房补贴、 子女教育等方面给予支持。 其四，强化高端人才引育力度。实施"上海金融衍生品高端人才计划"，面向全球引进高端人才，给予安 家补贴等扶持政策。支持本土人才参与国际行业交流、考取CFA（特许金融分析师）等国际资质并给予 补贴，培育本土国际化人才。 马炜表示，金融衍生品人才是上海国际金融中心建设的核心要素，也是衍生品市场服务实体经济 ...

As CME's futures market closed on Friday, the bitcoin (BTC) derivatives were priced at $84,445 on the exchange. When trading resumed Sunday evening, they opened at $77,385 reflecting the largest cryptocurrency's spot-market slide to as low as $75,000 on Saturday. This price discrepancy created a gap in the CME bitcoin futures pricing. A CME gap is the difference between the futures price at closing time and the price when the exchange next opens. Because, unlike spot BTC, the futures do not trade 24/7, s ...

Core Insights - Coinbase Markets has officially launched Copper and Platinum futures on Coinbase Derivatives, allowing users to trade these commodities to diversify their investment portfolios [1] Company Developments - The introduction of Copper and Platinum futures on the platform signifies Coinbase's expansion into commodity derivatives, enhancing its offerings for users [1]

Core Insights - Prediction markets are under scrutiny following a significant bet on Nicolás Maduro's political fate, raising questions about potential insider trading and market manipulation [1][4][10] - The regulatory landscape for prediction markets in the U.S. remains unsettled, with ongoing lobbying and legal battles [4][6][9] - The Commodity Futures Trading Commission (CFTC) is the primary regulator for prediction markets, but existing rules may not adequately address the unique nature of these markets [5][6][7] Group 1: Market Dynamics - Prediction markets are gaining mainstream attention, with their data being featured on major news networks like CNN [3] - There is a growing debate on whether insider trading could enhance the accuracy of prediction markets, contrasting with traditional views on market integrity [10][11] - Operators of prediction markets are forming coalitions to establish regulations that prevent insider trading and ensure fair participation [10] Group 2: Regulatory Challenges - The CFTC has the authority to shut down contract categories deemed contrary to public interest, but the definition of "gaming" remains contentious [7] - Recent legal actions have involved state gambling regulators asserting authority over sports-related event contracts offered by prediction markets [8] - The Supreme Court may ultimately resolve the regulatory status of prediction markets, as they assert federal regulation [9]

Core Insights - A new derivatives platform, Perpetuals.com (PDC), specializing in machine learning and AI, is set to begin trading on Nasdaq [1] - The platform was developed by leaders who were co-founders of FTX's European Union operation and offers regulated 24/7 self-clearing and blockchain-based settlement technology [2] - The creation of Perpetuals was facilitated by the acquisition of Perpetual Markets Ltd. by Earlyworks Co. and the recovery of assets from FTX EU after its bankruptcy [3] Company Overview - Perpetuals has developed an AI system trained on one of the largest datasets of retail trading behavior, analyzing over 10 million individual trading histories from major cryptocurrency exchanges [4] - The platform aims to provide innovative alternatives to the regulated Contract for Differences (CFD) and perpetual futures markets, which are often criticized for being predatory [4] Market Disruption - Perpetuals intends to disrupt traditional trading markets with AI-enhanced products that protect retail users from losses in historically unfair trading environments [5] - The AI model identifies patterns in market sentiment to calculate win/loss probabilities for individual traders, which can assist financial market participants in optimizing hedging strategies [5]

Core Viewpoint - CME Group is expanding its cryptocurrency offerings by adding futures contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9, pending regulatory review [1] Group 1: New Product Offerings - The new futures contracts will be available in both standard and micro sizes: 100,000 ADA and 10,000 for micro; 5,000 LINK and 250 for micro; 250,000 XLM and 12,500 for micro [1] - CME Group's existing crypto offerings include Bitcoin, Ethereum, Solana, and XRP futures and options, highlighting its established role in the crypto derivatives market [4] Group 2: Market Context and Demand - Giovanni Vicioso, CME Group's global head of cryptocurrency products, noted that clients are seeking trusted, regulated products to manage price risk due to the record growth of crypto over the past year [2] - As of the latest data, ADA was trading at $0.398, LINK at $13.91, and XLM at $0.231, reflecting recent price declines of 5%, 3%, and 4.5% respectively [3] Group 3: Trading Volume and Industry Impact - Crypto options and futures reached record-high trading volumes in 2025, with an average daily contract volume of 278,300, representing $12 billion in notional value, and average open interest at 313,900 contracts, equivalent to $26.4 billion [6] - Justin Young, CEO of Volatility Shares, expressed excitement about the availability of more regulated financial products for trading and risk management in the crypto space [6]