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The Options Clearing Corporation: OCC April 2021 Total Volume Up 29.7 Percent from a Year Ago


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Highest April volume on record and fifth highest month in OCC s history
OCC, the world s largest equity derivatives clearing organization, announced today that April 2021 total cleared contract volume was 715,606,410 contracts, up 29.7 percent compared to April 2020 and the highest April volume on record. Year-to-date average daily cleared contract volume through April was 40,143,253 contracts, up 44.1 percent compared to April 2020.
Options: Total exchange-listed options cleared contract volume was 711,388,828, up 29.6 percent compared to April 2020. Equity options cleared contract volume was 674,204,936 contracts, up 30.7 percent compared to April 2020. This includes ETF options cleared contract volume of 189,417,683, a 20.6 percent decrease compared to April 2020. Index options volume was 37,183,892, up 12.4 percent compared to April 2020. OCC s year-to-date average daily cleared options volume is 39,899,937 contracts. ....

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Tokenist Expands IG Partnership to Include Nadex, Amplifying U.S. Derivatives Coverage


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CHICAGO, April 23, 2021 /PRNewswire/
The Tokenist, a dynamic fintech and blockchain gateway into the world of finance, has added another entity to its growing list of partnerships: Nadex. Standing for North American Derivatives Exchange, Nadex is formerly known as Hedge Street. Following the Tokenist s
strategic milestone with IG US, partnering with Nadex is the logical next step as this CFTC-compliant exchange is owned by London s IG Group.
While IG Group represents the world s top forex ecosystem, Nadex is all about high-frequency options trading in stock indices, forex pairs, and commodities. Furthermore, Nadex holds special importance for US day traders as it constitutes one of the very few US-based exchanges to offer the more exotic binary options trading. ....

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CFTC Adopts Comprehensive Amendments to Bankruptcy Rules


Tuesday, February 2, 2021
The Commodity Futures Trading Commission (CFTC) recently adopted final amendments to Part 190 of the CFTC s regulations (the Final Rules ), governing bankruptcy proceedings with respect to commodity brokers.
1 The Final Rules represent the first comprehensive update to the CFTC s bankruptcy rules since the Part 190 rules were initially adopted in 1983. Approved unanimously, the Final Rules serve to modernize and revise the CFTC s regulations to reflect changes in the commodity brokerage industry over that time.
Subchapter IV, chapter 7 of the Bankruptcy Code ( Code ) sets out the essential provisions governing the liquidation of a commodity broker in bankruptcy. However, the CFTC is authorized under section 20 of the Commodity Exchange Act (CEA), notwithstanding the Code, to adopt rules that provide, among other things: (1) that certain cash, securities, other property or commodity contracts are to be included in or excluded fro ....

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