Americas

Axoni, a New York based start up firm specialising in distributed ledger infrastructure for capital markets and derivatives, has hired a former Citadel executive as its chief operating officer.

HSBC has begun offering a clearing collateral service for over-the-counter (OTC) derivatives to help clients comply with G20 swap reforms.

Crédit Agricole CIB said on Tuesday that it had received approval for a branch in Canada.

Export Development Canada is to print a long four year sterling bond as demand for paper in the currency defied fears of a possible UK's exit from the European Union.

Mexican hotel operator Grupo Posadas reopened its dollar bonds due 2022 for a further $50m on Monday in a drive-by trade that will be used mainly to refinance the $38m left under its outstanding 2017s.

Banco Hipotecario is set to demonstrate the immediate benefits that Argentina’s corporates could receive from the sovereign’s return to bond markets when it taps its 2020s on Tuesday.

Debt capital market bankers have long preached that diversifying into the US investor base is the next stage of development for Chinese issuers. But with recent transactions failing to resonate with stateside accounts, Chinese names should give up on US investors for now.

OpenDoor Trading, a trading platform that aims to improve liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS), has hired an experienced capital markets strategist to a senior position.

CME Group is adding to its base metals business with an aluminium alloy futures contract.

European-listed exchange traded funds had their busiest month ever on Tradeweb in April, the marketplace firm said.

Post-crisis regulation, funding pressures and liquidity demands are leading investors to favour derivative products over underlying assets in novel ways, said analysts.

The City of Buenos Aires is set to become the third Argentine sub-sovereign to tap international bond markets since the sovereign sold $16.5bn of debt in April.