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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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  • Central counterparties offer several benefits but also “can potentially pose significant systemic risk to the market” because of the concentrated risk they take on, according to Finextra.
  • InterncontinentalExchange will launch futures contracts on Indian rupee and Brazilian real on ICE Futures U.S., beginning Jan. 28.
  • The city of Oakland, Calif., is planning to boycott Goldman Sachs after the investment bank refused to cancel a 15-year-old interest rate swap following months of negotiations.
  • India’s Forward Markets Commission, the nation’s commodity derivatives market regulator, has banned the use of algorithmic trading in macro and mini contracts as of Dec. 1.
  • S&P Dow Jones Indices has introduced its Pan-Asian Low Volatility Index, a benchmark of the performance of the 50 least volatile stocks in the region, along with risk-control indices based on the new index.
  • London-based Canaccord Genuity has hired Adrian Haxby as head of European investment banking. Haxby formerly was managing director and head of the U.K. midmarket group at UBS Investment Bank.