Automated Position Limits Monitoring Software

POSITION LIMITS ARE THE HIGHEST NUMBER OF OPTIONS OR FUTURES CONTRACTS AN INVESTOR IS ALLOWED TO HOLD ON ONE UNDERLYING SECURITY.

The limits are set by Exchanges and / or regulatory bodies to prevent the control and manipulation of the market by a few players, and limit excessive speculation that may destabilize the market. The focus is typically on speculative positions and a number of commodity exchanges allow exemptions from these limits in cases of bona fide hedges and certain risk management positions to qualified traders and arbitrageurs.

Regulators in the U.S., Asia and Europe are currently considering whether changes are needed in the regulatory regimes that governs the application of Positions Limits.

KEY DEVELOPMENTS INCLUDE:

MiFID II position limits coming into force in January 2018
CFTC finalizing an expanded position limits regime
HK SFC proposing to enhance the position limit regime

FUNDS-AXIS AUTOMATED POSITION LIMITS MONITORING SOFTWARE

We offer our clients fully Automated Position Limits Monitoring Software.

KEY FEATURES INCLUDE:

Easy implementation
Data provision for all Position limits (including spot, single month and all month limits)
Comprehensive documentation and analysis of all rules
Tracking of all regulatory developments and position limit changes
Comprehensive automated alerts, including against warning thresholds
Full coverage of all calculations, including:

– Calculation based on spot month, single month and all month
– Calculations on net futures-equivalent basis by contract
– Aggregation of contracts into one or more base contracts as set forth in the Table.
– Delta adjustment of options
– Calculations of options on both a “market-side” and “quadrant” basis

Latest News and Whitepapers

Latest News on Position Limits

MiFID Commodity Position Reporting Whitepaper

Understanding Commodity Position Reporting Whitepaper

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EXCHANGES COVERED

ASX – Australian Stock Exchange

CBOE – Chicago Board Options Exchange

CME Group – CME, CBOT and Nymex

EUREX

HKEX – Hong Kong Futures Exchange (HKFX)

ICE – ICE Futures US (IFUS)

Japan Exchange Group (JPX) – Tokyo Stock Exchange & Osaka Stock Exchange

Euronext

Bursa Malaysia

Montreal Exchange / Bourse de Montréal

Nagoya Stock Exchange

Nasdaq OMX

KFE – Korea Futures Exchange

JSE – Johannesburg Stock Exchange (Derivatives)

SGX – Singapore Exchange

TFEX – Thailand Futures Exchange