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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
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New contracts cannot yet be traded in US
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  • The U.S. Commodity Futures Trading Commission has fined Connecticut-based futures broker Interactive Brokers USD225,000 “for failing to calculate the amount of customer funds on deposit, the amount of funds required to be on deposit in customer segregated accounts.”
  • Min Park is retiring as Credit Suisse’s head of equity derivatives and convertible sales for Asia-Pacific after four years.
  • Four in 10 central banks said they are considering clearing their over-the-counter derivatives at a central counterparty, even though they are exempt from the requirements in the U.S. and Europe.
  • New York Supreme Court Justice Shirley Werner Kornreich has dismissed a lawsuit filed against UBS by Loreley Financing investment vehicles to recoup losses on four collateralized debt obligations.
  • Gleacher is exiting its mortgage-backed securities and rates and credit products business, and is in talks to possibly combine with a third-party.
  • S&P Dow Jones Indices has launched three new credit spread indices based on the S&P500 and has licensed trueEX to create futures contracts based on the index.