Latest news

  • LedgerX wins CFTC approval as crypto derivatives come of age

    The future of cryptocurrency derivatives looked bright this week as digital currency exchange and clearing house LedgerX won its derivatives clearing organisation (DCO) licence, complementing the swap execution facility approval it received from US regulators three weeks ago. While the fledgling asset class still has a lot to prove, a united effort from US regulators could mean it will be difficult to slow its momentum.

    • 27 Jul 2017
  • FCA puts markets on alert as Bailey lays out plan for end of Libor

    The end of Libor moved from committee group debate to hard reality on Thursday as the Financial Conduct Authority’s chief executive Andrew Bailey gave the reference rate a five year deadline for removal.

    • 27 Jul 2017
  • CFTC bans futures trader for spoofing

    The US Commodity Futures Trading Commission (CFTC) has banned a trading software executive from trading on any CFTC regulated market and fined him $650,000 for spoofing in the gold, silver, copper and crude oil futures markets.

    • 27 Jul 2017
  • CME to develop new repo rate derivatives

    CME Group will start offering derivatives on the broad US Treasuries repo financing rate, which will replace Libor in many contracts, as soon after the start of the daily publication of the rate as possible. This is expected to be in the first half of 2018.

    • 27 Jul 2017
  • Eurex helped by interest rate derivs trading

    Deutsche Börse reported second-quarter earnings on Wednesday that showed increased trading of interest rate derivatives offset lower activity in equity and index derivatives.

    • 27 Jul 2017
  • CFTC extends no-action relief on transaction requirements

    The Commodity Futures Trading Commission has this week issued a letter extending no-action relief for non-US dealers still working to comply with transaction-level swap requirements.

    • 26 Jul 2017
  • LedgerX brings Bitcoin further into fold with CFTC approval

    The Commodity Futures Trading Commission (CFTC) on Monday granted LedgerX, a digital currency exchange and clearing platform, a derivatives clearing organisation license.

    • 25 Jul 2017
  • MOEX expands membership with EDB admission

    Eurasian Development Bank (EDB) has become the first international financial institution to gain admission to the Moscow Exchange (MOEX) derivatives market.

    • 25 Jul 2017
  • LedgerX has done well, but Bitcoin is still young

    When one thinks of volatility, few asset classes stand out as much as cryptocurrencies. But the fledgling nature of these decentralised digital currencies has meant that interested derivatives users have had to navigate equally volatile attitudes from global regulators.

    • 25 Jul 2017
  • TP ICAP chooses Bloomberg Entity Exchange for MiFID II

    TP ICAP has chosen Bloomberg Entity Exchange as its outreach platform in preparation for the Markets in Financial Instruments Directive II (MiFID II), the interdealer broker announced on Monday.

    • 24 Jul 2017
  • ADGM opens up business to DGCX

    The Dubai Gold and Commodities Exchange (DGCX) and its connected clearing service were granted “remote recognition status” by Abu Dhabi Global Market (ADGM) regulators on Sunday.

    • 24 Jul 2017
  • MOEX committee decides on index changes

    The Moscow Exchange Index Committee this week agreed on changes to the calculation method for the indices that it hosts.

    • 21 Jul 2017
  • EEX fires up new power derivative products

    The European Energy Exchange (EEX) will launch new German, Austrian and Eastern European power derivatives and will offer inter product spreads for Central and East European power futures.

    • 20 Jul 2017
  • PREPA credit event throws up municipal considerations

    ISDA’s Americas Credit Determinations Committee has turned away from its usual diet of corporate events to pass judgement on Puerto Rico Electric Power Authority (PREPA) municipal bonds.

    • 20 Jul 2017
  • ECB and holdco inclusion bode well for banks

    European Central Bank president Mario Draghi seems to have kept low volatility alive for the summer at least, with financials also set to benefit from index changes, writes Gavan Nolan.

    • 20 Jul 2017
  • ESMA eases to more supervision of Indian CCPs

    The European Securities and Markets Authority (ESMA) on Thursday announced a new cooperation agreement with the Securities and Exchange Board of India (SEBI), that will secure it information on the ongoing compliance of Indian central counterparties (CCPs) with European Union regulation.

    • 20 Jul 2017
  • Power derivs activity fizzles at EEX

    Power derivatives activity in the first half of 2017 at the European Energy Exchange (EEX) declined as a result of uncertainty created by the split of the German-Austrian price zone.

    • 19 Jul 2017
  • CME clears its first rupee and won swaps

    The Chicago Mercantile Exchange (CME) this week cleared its first Korean won and Indian rupee OTC currency swaps, taking its clearing offering for interest rate swaps to 21 currencies.

    • 19 Jul 2017
  • Capitalab gets first combined compression

    Capitalab, a BGC Partners division, has extended the compression service it operates to include a combined cycle for swaps and option positions.

    • 18 Jul 2017
  • CDSClear offers high yield index clearing

    CDSClear, a clearing subsidiary of LCH, has extended its offering to cover the Markit CDX North American high yield index.

    • 18 Jul 2017
  • LME strikes gold with new futures

    New gold and silver futures contracts launched by the London Metal Exchange (LME) on Monday of last week have had a “promising start”, according to its precious metals head.

    • 17 Jul 2017
  • ASIC reveals plans for benchmarks

    The Australian Securities and Investments Commission (ASIC) has laid out the foundations for its licensing of new index benchmarks, with five already in line to be classified as “significant”.

    • 17 Jul 2017
  • GlobalCapital Global Derivatives Awards 2017: the nominees

    GlobalCapital is pleased to announce the nominees for its Global Derivatives Awards 2017. The shortlist has been built from market soundings and research. Winners will be unveiled at a gala dinner at One Whitehall Place in London on September 20. Nominees are now invited to pitch for each award over the coming weeks. A GlobalCapital editorial panel will decide the winners. These awards honour the companies, platforms, services and products that have grown, innovated and strengthened the global derivatives market during the last 12 months. Each category will be decided by considering innovative products and services, commitments to new markets, improvements in efficiency, liquidity and market stability, as well as client guidance.

    • 13 Jul 2017
  • Euro clearing debate rages on as ESMA and lobbyists speak up

    The clearing of euro denominated derivatives after the UK leaves the EU re-entered the limelight this week, as regulators and industry advocates issued statements about the issue.

    • 13 Jul 2017
  • Aeroflot futures take off, adding to Moscow Exchange's offering

    Aeroflot futures started to trade at the derivatives market of Moscow Exchange (MOEX) on Thursday, with 933 contracts active by mid-afternoon.

    • 13 Jul 2017

More Derivatives

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%