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Tradeweb Markets Inc.: Tradeweb Appoints James Sun as Head of Asia
Tradeweb Markets Inc. (Nasdaq:TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the appointment of James Sun as Managing Director, Head of Asia.
Based in Shanghai, Mr. Sun will be responsible for all of Tradeweb s business operations in Asia, including offices in Hong Kong, Tokyo, Singapore. He will report to Enrico Bruni, Managing Director, Head of Europe and Asia Business, and work closely with Li Renn Tsai, Managing Director, Head of Product and Sales.
Most recently Mr. Sun served as CEO and Board Director of Harvest Global Investments, where he led the company and its subsidiaries on global strategic partnerships, branding and market penetration across the Asia Pacific region. Prior to that, he spent 17 years with Charles Schwab as Managing Director, Asia Pacific.
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The Japan Securities Clearing Corporation’s (JSCC) skin in the game increased more than 9% over the third quarter, following the integration of the Japan Commodity Clearing House (JCCH).
Own funds held by JSCC to handle a participant collapse amounted to ¥27.6 billion ($266 million) at end-September. This is up from ¥25.3 billion at end-June. The additional ¥2.4 billion was posted to cover the default of participants in the newly-integrated commodities clearing services.
The integration of
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Discussions with CFTC over bankruptcy protections for US clients are ongoing Print this page
Derivatives regulators in the US and Japan are working on an arrangement that would allow US customer accounts to clear swaps trades at the Japan Securities Clearing Corporation (JSCC).
New rules adopted by the US Commodity Futures Trading Commission in September give non-US central counterparties (CCPs) two options for servicing US clients. The first is to apply for exempt status, which would allow them to clear swaps for US clients via non-US clearing members. The second is alternative
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TriOptima Completes First Benchmark Conversion Risk Replacement Trades at Japan Securities Clearing Corporation
LONDON and NEW YORK and TOKYO and SINGAPORE, Dec. 18, 2020 /PRNewswire/ TriOptima, a leading infrastructure service that helps to lower costs and mitigate risk in OTC derivatives markets, has announced the completion of the first triReduce enhanced compression Japanese yen cycle, which includes Tokyo Overnight Alternative Rate (TONA) risk replacement trades. The cycle took place on December 4, 2020 at the Japan Securities Clearing Corporation (JSCC).
The triReduce benchmark compression service allows swap market participants to reduce their gross and net exposure to legacy benchmarks while increasing their adoption of alternate benchmarks through risk replacement trades.