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Derivatives

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New contracts cannot yet be traded in US
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  • Switzerland’s SIX Group has announced that it has agreed to acquire Oslo Clearing from Oslo Børs VPS Holding in a deal valued at NOK 180 million (USD32 million).
  • The landslide victory of the Liberal Democratic Party-Komeito coalition in Sunday’s general election in Japan has opened an opportunity for Nikkei and vanilla basket conviction trades, according to BNP Paribas.
  • Regulatory proposals for initial margin requirements for non-centrally cleared derivatives will severely impact liquidity and could increase systemic risk, according to trade associations.
  • Nicolas Andine, the ex-principal in credit, equity and mergers and acquisitions at StormHarbour Partners in London, has left the firm and joined Dubai-based Legatum Group, an investment group that offers asset management, private equity and research, amongst other areas.
  • Derivatives are among the financial instruments included in the Financial Industry Regulatory Authority’s new regulation barring broker-dealers from front-running, or trading a security when it has nonpublic information about an impending block transaction of more than 10,000 shares.
  • Equity derivatives will likely benefit next year from investors seeking better yields as the instruments offer reduced volatility, principal protection or capital efficiency not available in cash markets.