Top stories

  • Fed: bank capital costs will keep CDS basis wide

    Persistent dislocations between the CDS and cash bond markets are only likely to continue, because of the increased cost of regulations, limited balance sheet capacity at banks, and relative illiquidity in the cash bond markets, according to a staff report from the New York Federal Reserve.

    • 19 Jul 2016

  • ISDA, Markit settle CDS antitrust probe

    IHS Markit and the International Swaps and Derivatives Association (ISDA) have struck a deal with the European Commission that will open up access to the rights of their intellectual property, in a settlement over an anti-trust probe that has been ongoing since 2011.

    • 20 Jul 2016
  • Puerto Rico has triggered credit event, rules ISDA

    US territory the Commonwealth of Puerto Rico has triggered a failure to pay credit event, the International Swaps and Derivatives Association’s Determination Committee has ruled after a week of deliberation.

    • 19 Jul 2016
  • Bank bosses report booming Brexit numbers

    US banks, which opened second quarter reporting this week and last, said Brexit had driven ‘new peaks’ in volumes at trading divisions, with signs of market share gains for the US houses as well.

    • 21 Jul 2016
  • CEO of ICAP unit steps down

    The chief executive of ICAP’s EBS BrokerTec has stepped down from his post, and is set to leave “in due course,” according to the company.

    • 21 Jul 2016
  • Mizuho Americas names new fixed income trading head

    Mizuho Americas has hired Thomas Harnett as senior managing director and head of fixed income sales and trading.

    • 19 Jul 2016
  • iTraxx on track to perform despite upheaval

    The iTraxx indices are set to benefit from the increasing likelihood of a compromise between Italian authorities and the EU over a bailout or recapitalisation of its banks, as well as the support the European Central Bank’s purchase programmes are giving to cash bonds.

    • 18 Jul 2016
  • LSE/Deutsche Börse merger points to Frankfurt clearing win

    The proposed merger of the London Stock Exchange and Deutsche Börse looks set to allow Frankfurt to prise euro swaps clearing away from London, amid rising expectations that regulators will require the combined entity to move euro business back within the eurozone.

    • 14 Jul 2016
  • Equity and credit arb traders suffer sharp unwind

    Big moves in credit, equity and foreign exchange markets this week were magnified by mass unwinding of previously popular trades as investors capitulated to a reversal of fortunes for Japan and European banks.

    • 14 Jul 2016
  • Brexit brings pre-crisis flashback for US/EU credit

    In the heady days of 2004-2007, before the Great Moderation came to a shuddering halt, it seemed set in stone that European investment grade credit default swaps traded tighter than their North American counterparts.

    • 14 Jul 2016
  • OpenDoor brings change to bond markets: interview

    OpenDoor Trading has completed a second investment round as it stays on course for an October launch. GlobalCapital spoke to chief executive officer Susan Estes about the firm’s aims not only to help revive liquidity in the US Treasury market but also to become the first US bond trading platform both majority owned and controlled by women.

    • 14 Jul 2016

Latest awards

  • The winners: GlobalCapital Americas Derivatives Awards 2016

    GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2016. The results were revealed at a gala dinner at New York’s Metropolitan Club on June 2. Thank you to everyone who supported the event by attending and for taking part in the pitches that decided who were the best and brightest in US, Canadian and Latin American derivatives over the last 12 months.

    • 03 Jun 2016

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  • Regulators' next big question: who knows what?

    Transparency has been among the top priorities of regulators and policy makers in the post-crisis era, but they don’t seem to understand what kind of information is important or when it becomes so.

    • 24 Nov 2015

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Jul 2016
1 JPMorgan 203,356.29 803 8.49%
2 Citi 181,038.79 642 7.55%
3 Bank of America Merrill Lynch 172,284.96 582 7.19%
4 Barclays 170,294.98 538 7.11%
5 HSBC 153,401.08 603 6.40%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2016
1 UniCredit 17,972.82 85 6.51%
2 HSBC 15,472.49 70 5.60%
3 Barclays 14,090.61 26 5.10%
4 SG Corporate & Investment Banking 13,689.22 64 4.96%
5 Citi 13,185.70 46 4.77%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2016
1 JPMorgan 9,247.73 50 9.54%
2 Goldman Sachs 7,585.06 47 7.83%
3 Citi 6,898.60 35 7.12%
4 Morgan Stanley 6,370.84 33 6.58%
5 UBS 6,174.97 31 6.37%