The Background: Pre-hedging has been the subject of significant debate within the financial industry in recent years, with concerns often raised over potential conduct and market integrity issues. The ...

On November 3, 2025, IOSCO released its anticipated Pre-Hedging Final Report (“Final Report”) detailing its assessment of current pre-hedging market practices and setting out recommended guidance for ...

Recent actions by a number of exchanges have focused on the often-blurry line between sanctioned hedging and pre-hedging that represents a form of market abuse. Regulators have been seeking to define ...

The pre-hedging controversy surrounding guaranteed VWAP bids prompted UBS to send a letter to its clients that discloses its trading practices. The full-disclosure letter says that UBS does not use ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Feb 1 (Reuters) - Australia's corporate regulator on Thursday rolled out supervisory directions for market intermediaries on pre-hedging practices, just a day after a court found Westpac WBC.AX, the ...

On November 3, the International Organization of Securities Commissions published a series of recommendations to act as guidance for regulators in crafting rules around pre-hedging. The ...

Though pre-hedging has been lauded by some across the markets as a key way to improve market efficiency, the buy-side continue to have reservations as to its empirical use. The mechanism allows ...

The Chicago Board Options Exchange, as part of its drive to win order flow away from the over-the-counter market, got a big boost from the Securities and Exchange Commission. The regulator approved a ...

Thibault Gobert, head of liquidity pool at Spectrum Markets, talks about the paradigm shift in market making over the past decade – and why pre-hedging should be the topic on everyone’s lips right now ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Westpac will pay the maximum penalty of $1.8 million in relation to the ...