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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
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New contracts cannot yet be traded in US
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  • BlackRock’s new Strategic Funds Emerging Markets Absolute Return Fund will invest at least 70% of its assets in equities, derivatives and other equity-related securities.
  • The U.S. Commodity Futures Trading Commission has scheduled for Jan. 31 a public roundtable to discuss the so-called “futurization” of the swaps market. Topics to be discussed include, among others, clearing
  • The Financial Industry Regulatory Authority has begun reviewing the activities of broker-dealers and firms that trade options to determine whether their electronic-trading practices may have helped them avoid fees due to exchanges.
  • Banca Monte dei Paschi di Siena has denied comments by Nomura that top officials of the Italian bank reviewed and approved a derivatives deal that eventually resulted in a loss of EUR220 million (USD292.8 million)last year.
  • Odey Asset Management has launched the Dublin-domiciled Odey Orion Fund, which will be able to invest in derivatives as well as equities, commodities and currencies, among other instruments.
  • Lower rates and attractive levels of volatility on the Thai baht swap curve give investors the opportunity to buy 1y2y 3.25% receiver swaptions, according to the Royal Bank of Scotland.