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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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  • A proposal by the U.S. Securities and Exchange Commission that would impose higher capital requirements on banks securities derivatives has come under criticism by regulator watchers.
  • Citigroup has reached a deal to sever the liquid funds of its discontinued Citi Capital Advisors businesses as it prepares for a ban on proprietary trading under the Volcker Rule, according to the bank’s third-quarter regulatory filing.
  • Barclays is the biggest seller of retail structured products in Europe and shares the top spot in the U.S. with HSBC and JPMorgan Chase, according to Greenwich Associates.
  • Credit Suisse is considering a sale of its exchange-traded funds unit as it has been unable to gain market share this year, with no inflows since the beginning of the year.
  • Structured finance deals originated in Europe, the Middle East and Africa and in the Asia-Pacific will see lower losses than those in other regions because of “strong performance of consumer assets,” according to Fitch Ratings.
  • The European Union has released a 447-page report, explaining its decision to block a merger of Deutsche Boerse and NYSE Euronext, stating that the combined entity would make it hard for new entrants in the field to compete.