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New contracts cannot yet be traded in US
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
The derivatives market gathered in London on Thursday night to celebrate its leading players
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  • The U.S. Department of Justice has offered to protect from criminal charges former UBS traders in its investigation of alleged manipulation of the London interbank offered rate in exchange for their cooperation in the probe.
  • Mervyn King, governor of the Bank of England, says the system of using the London interbank offered rate to measure lending costs between banks stopped working after the financial crisis and that a solution is needed to support “an enormous stock of contracts.”
  • The U.K.’s Financial Services Authority has made permanent the appointment of Tracey McDermott as director of enforcement and financial crime, a position she has held on an interim basis since April 2011.
  • Bursa Malaysia Derivatives has relaxed requirements for becoming a futures broker representatives by cutting in half the number of years of necessary experience from 10 to five.
  • New York Portfolio Clearing has announced that it is expanding its one-pot cross-margining platform include futures on the DTCC GCF Repo Index, followed next year by interest rate swaps cleared by LCH.Clearnet.
  • NYSE Euronext said its global derivatives trading volume fell 12% in July from a year earlier and was down 15.8% from the preceding month.