Latest news

  • Brexit breakdown spurs derivs innovation

    Concerns that a ‘hard Brexit’ will lay waste to the pound and ratchet up UK inflation are furnishing a wave of innovation in structured products, as market participants look for more sophisticated ways to play a breakdown in previously dominant correlations between different asset classes, writes Dan Alderson.

    • 20 Oct 2016
  • Credit vol premium in focus ahead of Italy vote

    There is no shortage of factors that have troubled market participants this year: Brexit; US monetary policy direction; fragility in European banks; oil prices. All of these issues, and others, have caused credit spreads to widen at various intervals in 2016.

    • 20 Oct 2016
  • Eurex and CME expand push into futures

    Eurex and CME Group both lined up new futures contracts this week as the market assessed a generational shift from bilateral derivatives towards cleared, exchange traded products.

    • 20 Oct 2016
  • DTCC replaces solutions head

    The Depository Trust & Clearing Corporation has named the replacement for a departing senior official from its solutions and sales business.

    • 20 Oct 2016
  • CME Europe adds six FX futures to range

    CME Group is set to introduce six currency futures on its European exchange, taking the number of crosses it has available to 36.

    • 19 Oct 2016
  • Blockchain group turns sights on equity derivatives

    A group of banks and service providers, led by New York based start-up Axoni, have completed a test of blockchain technology and smart contracts to manage affirmations and post-trade lifecycle processing for over-the-counter equity swaps, building on similar work done earlier this year for credit derivatives.

    • 19 Oct 2016
  • ICE blocked: CMA demands Trayport sale

    Intercontinental Exchange (ICE) is weighing up whether to appeal a decision by the UK’s Competition and Markets Authority (CMA) that the exchange operator should sell its recent Trayport acquisition to preserve competition in wholesale energy trading.

    • 18 Oct 2016
  • When the repo calls: Margin rules will bring more reg risk

    The coming market rush to comply with margin rules on uncleared swaps will be a big challenge in itself, but regulators need to think hard about the unintended repo risks they are creating by requiring collateral building at breakneck speed.

    • 18 Oct 2016
  • Futures record from poor rapeseed crop

    Rapeseed futures have hit peak trading volume, with Euronext reporting successive records last week.

    • 17 Oct 2016
  • Small firms shut out by derivs reg drive, finds ISDA

    Rising costs for derivatives clearing and difficulties gaining access to dealers present a mounting challenge for small end users in the US and Europe, some of which may have to find other means to hedge risk, a study by the International Swaps and Derivatives Association has found.

    • 17 Oct 2016
  • Going Loco: ICE ups pace for gold futures

    Intercontinental Exchange is aiming to beat the London Metal Exchange in a race to offer a London gold futures contract, by rolling out a product in February to support central clearing.

    • 17 Oct 2016
  • BNPP moves listed derivs to Fidessa

    BNP Paribas has brought together its global listed derivatives businesses on a single platform hosted by UK software and services company Fidessa.

    • 17 Oct 2016
  • CFTC cross-border rules only a first step, say lawyers

    Rules proposed by the US Commodity Futures Trading Commission this week on cross-border swap trading are a good first step, according to lawyers, but more clarity is needed on how Dodd-Frank requirements will apply.

    • 14 Oct 2016
  • Icap expands reporting push with Abide acquisition

    Icap has bought Abide Financial, a global regulatory reporting specialist.

    • 14 Oct 2016
  • Clearing frenzy as EU fast-tracks swaps margin rules

    The acceleration of Europe’s push to impose margin on uncleared derivatives trades has galvanised big banks to ramp up clearing across products as they face a tighter deadline to comply than expected. The European Council’s timeline for approving the rules makes a January rollout likely, writes Dan Alderson.

    • 13 Oct 2016
  • Tale of two currencies as peso gets boost while pound slumps

    Political wrangling on both sides of the Atlantic this week produced contrasting fortunes for two currencies in futures markets, with the Mexican peso receiving a boost and the British pound slumping to some of its worst ever levels against the US dollar.

    • 13 Oct 2016
  • Unilever price hikes that sparked row with Tesco did not cover its FX costs

    Unilever’s attempt to raise prices on goods it sells to UK supermarkets would not have covered all of its costs from the recent depreciation of sterling, a Unilever executive has told GlobalCapital.

    • 13 Oct 2016
  • IFC ready for renminbi return

    Already a pioneering issuer in the currency, the International Finance Corporation (IFC) believes greater regulatory clarity will provide a fresh boost to its onshore and offshore renminbi funding plans, Monish Mahurkar, director for treasury market operations, told GlobalRMB.

    • 13 Oct 2016
  • ESMA schedules benchmarks hearing

    The European Securities and Markets Authority (ESMA) is to hold an open hearing on its plans to introduce an industry benchmarks regulation, having recently published draft technical standards.

    • 12 Oct 2016
  • Swap wrangles hold up Chile power line loan

    The expected closing date of a loan to finance a 379 mile transmission line in Chile has been pushed back as negotiations over interest rate swap provisions continue.

    • 12 Oct 2016
  • Tight deadline as EU fast-tracks margin rules

    The European Parliament will fast-track its approval of margin rules for uncleared swaps, adding certainty to the deadline for implementation but also accelerating the workload for the first wave of major banks that will need to comply.

    • 11 Oct 2016
  • Mexican peso futures pumped by Trump's slump

    Mexican peso futures surged on Monday following the second US presidential debate, rising to their highest level in almost a month as Republican candidate Donald Trump failed to knock a dent in Hillary Clinton’s polls lead.

    • 10 Oct 2016
  • trueEX gets real on Brazilian swap trading in SEF first

    trueEX, the interest rate swap trading platform, claims to be the first swap execution facility to execute dealer to client Brazilian real interest rate swaps.

    • 10 Oct 2016
  • Templeton powers up currency fund with derivatives

    Forwards and Futures trading will form a big part of a fund that Franklin Templeton Investment has launched, which focuses on long and short term exposure to global currencies in both developed and developing markets.

    • 10 Oct 2016
  • European margin rules finally get EC approval but with pushback

    There was both palpable relief and vexation among derivatives market professionals this week as the European Commission approved, albeit with amendments, rules for collecting margin on uncleared derivatives. Although this traversed a key hurdle as Europe seeks to catch up with Canada, Japan and the US, it also brought into question why there had been a delay in the first place.

    • 06 Oct 2016

More Derivatives

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 317,793.98 1355 8.72%
2 Citi 301,114.13 1092 8.26%
3 Barclays 259,580.63 846 7.12%
4 Bank of America Merrill Lynch 258,842.43 934 7.10%
5 HSBC 224,273.23 905 6.15%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 29,669.98 55 6.95%
2 UniCredit 28,692.62 136 6.73%
3 BNP Paribas 28,431.90 139 6.66%
4 HSBC 22,935.49 112 5.38%
5 ING 18,645.88 118 4.37%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 14,593.71 79 10.38%
2 Goldman Sachs 11,713.19 63 8.33%
3 Morgan Stanley 9,435.23 48 6.71%
4 Bank of America Merrill Lynch 9,019.27 40 6.41%
5 UBS 8,763.73 42 6.23%