Americas

CME Group will be the first clearing house to clear interest rate swaptions, starting from next month, the firm has said.

Exchange operator Bats Global Markets and T3Index have launched an index measuring expected 30 day volatility in the SPDR S&P 500 ETF (SPY), the most frequently traded security in the world.

Mexican cement firm, Cemex has persuaded its banks to change the leverage covenants on its $1.9bn credit facility after its business suffered in the wake of exchange rate volatility and crashing oil prices.

Mexican telecoms giant América Móvil become the first private sector firm from Latin America to issue international bonds on Monday, raising €1.5bn of euro-denominated paper with a tighter new issue premium than most of the region’s sovereigns have managed recently.

OpenDoor Trading, a trading platform that aims to improve liquidity in off-the-run US treasuries and treasury inflation protected securities (TIPS), has appointed two senior fixed income officials to its board of advisors.

US economic data, despite some positive signals, is consistent with a continuing turn higher in market volatility, quantitative modellers have said.

International Flavors & Fragrances was the only corporate issuer in the euro bond market on Monday as the US company made its debut offering in the currency.

Four banks from four jurisdictions got the FIG market off to a frantic start on Monday, and bankers think many more borrowers could hit screens before the European Central Bank meets on Thursday.

América Móvil, the Mexican telecommunications firm, took advantage of a rally in emerging market debt to open books on its debut euro-denominated bond with a tight concession on Monday.

Hutchison China MediTech (Chi-Med), the drug-making arm of Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa, has opened books for its $100m IPO on the Nasdaq.

The arrest of former Brazilian president Lula da Silva gave new urgency to a strong rally in Brazilian bonds on Friday after the market appeared to take the detention as a sign that president Dilma Rousseff was closer to impeachment.

Citi has hired two executives in equity derivatives from Goldman Sachs.