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Philip Stafford

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  • Thursday, 1 December, 2022
    London Metal Exchange Ltd
    Surge in nickel prices threatened to blow $2.6bn hole in key LME entity

    Fullest accounting to date of incident in March shows clearing house was under severe strain

  • Wednesday, 30 November, 2022
    Europe Express
    Banks set to resist EU grab for a chunk of clearing business Premium content

    Brussels prepares most ambitious plans post-Brexit to lure derivatives trade away from London

  • Wednesday, 23 November, 2022
    EU financial regulation
    Brussels demands share of London derivatives clearing

    EU-based traders could be required to clear minimum amount of ‘systemic’ derivatives contracts inside bloc

  • Wednesday, 23 November, 2022
    EU energy
    EU gas price cap would deliver $33bn blow to market, says ICE

    Energy traders would be hit with additional margin payments, warns exchanges operator

  • Monday, 21 November, 2022
    EU energy
    Europe’s gas traders and exchanges warn of futures cap risks

    EU plans to set limit for the most widely used contract in an effort to calm markets

  • Wednesday, 16 November, 2022
    Cryptocurrencies
    Crypto broker Genesis Trading halts withdrawals at lending unit

    Group blames ‘unprecedented market turmoil’ in wake of FTX collapse

  • Friday, 11 November, 2022
    FTX Trading Ltd
    ‘Black box’: Sam Bankman-Fried’s trading firm posed big risks to FTX

    Alameda Research owed the vast crypto exchange billions of dollars before both went bankrupt

  • Monday, 10 October, 2022
    ExplainerBank of England
    What is the new Bank of England short-term lending facility?

    The central bank is looking to steady UK financial markets with a new ‘repo’ programme

  • Friday, 7 October, 2022
    Binance
    Binance blockchain suffers $570mn hack

    World’s largest crypto exchange targeted in security breach

  • Thursday, 29 September, 2022
    UK politics & policy
    Truss faces growing Tory pressure as Labour opens 33-point poll lead

    UK prime minister vows to stick to tax-cutting plans despite gilt sell-off resuming

  • Tuesday, 27 September, 2022
    EU energy
    ICE warms to carbon permits to ease Europe’s energy crisis

    Exchanges operator to accept allowances as collateral in its European futures market

  • Thursday, 22 September, 2022
    Energy crisis
    EU casts doubt on ability to intervene in energy derivatives markets

    Brussels concludes big swings in power prices are not due to ‘market malfunction’

  • Friday, 16 September, 2022
    Cryptofinance
    Coinbase turns up the heat on Washington Premium content

    Plus, Do Kwon arrest warrant issued and the Merge options

  • Tuesday, 6 September, 2022
    ExplainerEnergy crisis
    Why are Europe’s power producers running out of cash?

    Despite selling electricity at record prices, the industry is sliding into a liquidity crisis

  • Monday, 5 September, 2022
    Energy crisis
    Power producers call for collateral change to avert ‘Lehman’ moment

    European electricity generators seek urgent action amid ‘grave concern’ over liquidity strains

  • Monday, 29 August, 2022
    Equities
    Global equities drop on warning over sustained rate rises

    Treasury yields rise and currencies weaken against dollar

  • Monday, 29 August, 2022
    Energy crisis
    Uniper and Wien Energie seek state support as energy crisis deepens

    German utility asks for €4bn while Austria’s largest supplier admits to difficulty financing operations

  • Thursday, 21 July, 2022
    EU financial regulation
    EU lawmaker calls for ban on ‘payment for order flow’

    Danuta Hübner backs clampdown on practice that critics say only maximises profits for brokers

  • Wednesday, 20 July, 2022
    FTX Trading Ltd
    How FTX plans to reshape the US futures market with crypto tech

    Exchange is seeking regulatory approval for products that render margin calls obsolete

  • Tuesday, 28 June, 2022
    Citigroup Inc
    Citi tech tweaks halt UK online ETF purchases

    Customers forced to place orders by phone as US bank suffers another systems issue

  • Friday, 10 June, 2022
    London Metal Exchange Ltd
    LME boss may need all his mettle to survive as investors launch law suits

    Chamberlain’s reputation rests on outcome of judicial review claims over momentous decision to cancel nickel trades

  • Thursday, 9 June, 2022
    Citigroup Inc
    Citi suffered tech glitch during height of Covid market stress

    US bank was given grace period for March 2020 margin payment at Intercontinental Exchange

  • Wednesday, 8 June, 2022
    London Metal Exchange Ltd
    Hedge funds file complaint to LME over cancelled nickel trades

    Managed Funds Association says exchange failed to perform its regulatory functions

  • Wednesday, 8 June, 2022
    Special ReportExchanges, Trading and Clearing
    SEC aims to stem trading practice of ‘payment for order flow’

    Regulators are asking whether retail investors are better off when brokers ‘sell on’ their trades to wholesalers, for a fee

  • Friday, 27 May, 2022
    Derivative exchanges
    Did a major financial institution kinda maybe slightly default in March 2020?

    Iceman says so

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