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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
SSA
New contracts cannot yet be traded in US
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  • The Securities and Exchange Commission is still “a ways off” from figuring out what conditions need to be in place to require mandatory trading and clearing of security-based swaps, according to John Ramsay, deputy director of the Division of Trading and Markets.
  • The Malaysia Securities Commission is looking to hire three experts to oversee the approval process for investment products, including structured products, with varying levels of experience.
  • Arthur Braga, a senior equity exotics and fund derivatives trader at Barclays Capital in London, has joined Goldman Sachs as a Latin American equity derivatives trader in New York.
  • One hedge fund bought USD35 thousand vega notional on a variance spread this week by shorting the S&P 500 exchange traded fund, the Materials SPDR ETF and going long XLB underlying U.S. Steel.
  • Industrial companies that use derivatives have expressed outrage that none of their ranks managed to secure a spot on the 29-member advisory group on implementing market reforms being formed by the European Securities Market Authority.
  • Credit default swap spreads on European sovereign debt widened over concern over countries unable to avoid restructuring.