Latest news with #EquityDerivatives
Yahoo
28 minutes ago
- Business
- Yahoo
Liquidnet Expands Listed Derivatives Business
The firm drafts top talents to grow its Listed Derivatives offering across Continental Europe and into Equity Derivatives. LONDON, July 16, 2025--(BUSINESS WIRE)--Liquidnet, a leading technology-driven agency execution specialist, today announced two senior appointments to support the expansion of its Listed Derivatives business across Continental Europe and into Equity Derivatives. This move builds on Liquidnet's existing Equities and Fixed Income capabilities and reflects growing demand from buy-side clients for multi-asset solutions delivered through a single, agency-focused platform. Oliver Deutschmann has joined as Head of Equity Derivatives, EMEA. In this role, he will lead client acquisition across the region and oversee the deployment of Liquidnet's Equity Derivatives capabilities in Europe, the Middle East and Africa. He will also support the expansion of the Listed Derivatives offering throughout Continental Europe. Deutschmann brings over 15 years of experience, most recently serving as Head of Equity Derivatives for Credit Suisse, where he led the redevelopment of the equities flow derivatives business in Germany and Austria. Prior to that, he held several senior roles, including Head of ETD Fixed Income Sales for Germany and Austria at UBS and Sales Trader at Commerzbank. Oliver Deutschmann, Head of Equity Derivatives, EMEA at Liquidnet, commented: "Establishing local teams in key European hubs enhances our ability to deliver a more tailored service offering to buy-side firms while deepening access to liquidity in the region. The move into Equity Derivatives is a natural next step in the evolution of our Listed Derivatives business, allowing us to bring our technology-led, buy-side focused model into new asset classes and unlock meaningful synergies across our network." Juan Ferrer Pons has also been appointed as Listed Derivatives Sales Trader, based in Madrid. He will focus on supporting Members in Continental Europe with tailored liquidity solutions, helping them navigate local markets and optimise execution across the region. Ferrer Pons spent the majority of his career at BBVA, where he held various trading roles across Funds of Hedge Funds (FoHF) and Equity Derivatives. Most recently, he served as Equity Derivatives Broker at TP ICAP, Liquidnet's parent company. About Liquidnet Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world's investors to the world's investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit and follow us on X @Liquidnet. About TP ICAP Group TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence. © 2025 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC/NFA. Liquidnet Europe Limited is authorised and regulated by the Financial Conduct Authority in the UK, is licensed by the Financial Sector Conduct Authority in South Africa and is a member of the London Stock Exchange and a remote member of the SIX Swiss Exchange. TP ICAP (EUROPE) SA is authorised by the Autorité de Contrôle Prudentiel et de Résolution and regulated by the Autorité des Marchés Financiers and is a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. is a member of the Canadian Investment Industry Regulatory Organization and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525. Liquidnet Singapore Private Limited is regulated by the Monetary Authority of Singapore as a Capital Markets Services Licensee, CMSL number CMS 100757-1. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc. View source version on Contacts Sophonie Robichon, Liquidnet Global Marketing + Communications+44 20 3933 0153srobichon@
Times of Oman
08-07-2025
- Business
- Times of Oman
91% individual traders incurred losses in equity derivatives in 2024-25, SEBI study finds
Mumbai: Nearly 91 per cent of individual traders incurred net loss in Equity Derivatives Segment (EDS) at the aggregate level, in the recently concluded financial year 2024-25, a SEBI analysis of profit and loss of such traders suggests. A similar trend was observed in 2023-24 too. This SEBI analysis comes after certain media reports claimed that investor losses had started to reduce, after the markets regulator had on October 1, 2024, introduced some measures to strengthen the equity index derivatives framework. Markets regulator SEBI has analysed the trading activity of all investors and individual investors, for the period December 2024 to May 2025, to present the factual impact of measures to strengthen the equity index derivatives framework introduced in October 1, 2024. The SEBI said index options turnover, year on year, is down by 9 per cent (in premium terms) and 29 per cent (in notional terms). However, compared to the level two years ago, index options volume is up by 14 per cent (in premium terms) and 42 per cent (in notional terms). Turnover of individuals in premium terms in EDS is down by 11 per cent year on year and up by 36 per cent over the similar period two years ago. The number of unique individual investors trading in EDS is down by 20 per cent compared to the previous year and up by 24 per cent from two years ago. "India continues to see a relatively very high level of trading in EDS, compared to other markets, particularly in index options," SEBI said. The financial year-wise trend for a six-year period (2019-20 - 2024-25) along with analysis of profit and loss of individual traders in EDS is covered in the full study carried out by SEBI. Finding that a majority of individual traders are making losses in EDS, SEBI reassured, "Trends in turnover of index options will continue to be observed from the perspective of ensuring investor protection and market stability." In order to ensure that the rapid growth in the derivatives market matches with commensurate risk monitoring metrics, SEBI had on May 29, 2025, introduced certain measures with key objectives: better monitoring and disclosure of risks in derivatives; and reducing instances of spurious ban periods for derivatives on single stocks.
Mint
03-06-2025
- Business
- Mint
MSEI investors uncertain about their bet after Sebi expiry day rule
Broking firms and their founders who backed Metropolitan Stock Exchange of India (MSEI) are uncertain about the fate of their investments after the market regulator limited the weekly expiry of index options to two days, according to executives at two of the four companies. However, these investors have no immediate plan to divest their stakes in MSEI, the executives said on the condition of anonymity. Groww's parent Billionbrains Garage Ventures Pvt; Rainmatter Investments, backed by the Kamath brothers of Zerodha; Share India Securities Ltd; and Securocorp Securities India Pvt Ltd had purchased a combined 19.84% stake in the exchange for ₹238 crore on 24 December last year. The investments were made before Sebi's consultation paper of 27 March seeking public comments on its proposal to limit the weekly option expiry days. On 26 May, Sebi's circular–titled Final Settlement Day (Expiry Day) for Equity Derivatives Contracts–curtailed the expiries for hugely popular index options to Tuesday and Thursday every week. Read more: A loophole lets retail investors bid for some small-business IPOs The investors purchased the stake assuming that Sebi would let each exchange launch index options on one day of their choice every week, per a 1 October circular last year mandating a single expiry per exchange per week, among other things, the executives quoted earlier said. However, Sebi's circular last month mandating two days of expiry for multiple exchanges means that MSEI will be locked in a fight for market share with either BSE Ltd or the National Stock Exchange when Sebi approves a weekly expiry for the bourse. NSE had a three-month rolling market share of 80% in equity options (index plus stock options' premium turnover) as on 30 April, with BSE accounting for the rest, according to NSE data. 'The latest regulation on final expiry day will impact the MSEI plan to gain traction through the weekly expiry option, given the competition the bourse will face from the established exchanges as and when it gets regulatory approval for such a contract," said the first executive quoted earlier. 'This, in turn, will make the fate of our investment uncertain. But, we will not sell our stake because of this new rule as we typically invest for the long term. We will wait and see." 'We are staring at uncertainty over our investment in the exchange," said the second executive. 'When we invested, the idea was that we could have our tailored contracts traded on days there are no expiry from BSE or NSE to differentiate ourselves. But, if our contracts are forced to have expiry on the same day as any of the big exchanges, our derivative products will be a non-starter. It's kind of unfair for Sebi to leave us with little option." Queries emailed to the four investors and MSEI on their plans ahead went unanswered. A Sebi official, too, was unavailable for comment until press time. Renewal of recognition The problems of revival for MSEI come ahead of the exchange's renewal of its recognition by Sebi on 15 September this year. The exchange gets a renewal every year. Of the six Sebi-recognised exchanges, MSEI is the only one that hasn't received permanent recognition from the regulator. The ones permanently recognized by Sebi are NSE, BSE, NCDEX, MCX and the Calcutta Stock Exchange. Queries emailed to Sebi and MSEI on the reason for its annual renewal went unanswered. MSEI has Sebi permission to offer equity, equity derivatives, currency derivatives (including interest rate futures) and debt. Every exchange requires what's known as a segment approval from Sebi to offer products to investors and traders. Other shareholders of MSEI include 10 trading member banks, which held a combined 10.49% as of 31 March 2025. These include Union Bank of India, State Bank of India, Bank of Baroda, HDFC Bank and Axis Bank. Other well-known shareholders include commodity derivatives bourse MCX (5.53%) and co-founder of Enam Holdings Nemish Shah (1.62%). Read more: Only one in five derivative participants trades solely in F&O The bourse offers trading in currency futures, where it had a turnover of ₹2,260 crore against NSE's ₹74328 crore last month, according to Sebi data. There was no trading in equity, equity derivatives and interest derivatives. Shares of MSEI in the unlisted market soared from around ₹2 apiece prior to the stake purchase by the four investors in December to as much as ₹14 in the following weeks before cooling to around ₹8-8.50 currently, according to Narinder Wadhwa, co-founder of SKI Capital Services Ltd.
