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New contracts cannot yet be traded in US
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  • The European Securities and Markets Authority plans to launch later this week a consultation on exchange-traded funds that will scrutinize synthetic ETFs.
  • Credit derivatives trading volumes are down significantly today as the market waits for news from the Thursday meeting of Eurozone leaders on a funding plan for Greece.
  • The outstanding notional of over-the-counter derivatives in South Korea grew 8.3% over the 12 months to KRW6,970 (USD6.57 trillion) through to the end of first quarter, according to Financial Supervisory Service figures.
  • UBS has expanded its equity structuring team and created a regional and global heads structure in an effort to expand product offerings and revenue.
  • Central clearing of over-the-counter credit default swaps is set to start in Japan tomorrow (July 19) with five inaugural members – Daiwa Securities Capital Markets, Nomura Securities, Mizuho Securities, Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities.
  • The Securities and Exchange Commission should carve out a safe harbor in its plan to impose new anti-fraud and anti-manipulation requirements on security-based swap transactions, according to the Securities Industry and Financial Markets Association.