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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
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New contracts cannot yet be traded in US
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  • Jason Feasey and Jenna Collins, two former proprietary traders from Bank of America Merrill Lynch, have joined Brevan Howard, the London-based hedge fund.
  • An all-to-all format of pricing and trading over-the-counter derivative swaps could lead to a flash crash in the interest rates market, according to Peter Fisher, vice chairman at BlackRock.
  • Investors in equity tranches of baskets of corporate credit default swaps are lengthening the tenors of their trades.
  • Regulators need to allow derivative endusers the opportunity to opt-out of utilizing an omnibus style clearing account with its clearinghouse in a swap post-Dodd-Frank, said Roger Liddell, ceo of LCH.Clearnet at TabbForum’s Derivatives Reform: Preparing for Change conference yesterday in New York.
  • The European Securities and Markets Authority has written to the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission to express fears over plans for the registration of non-U.S. swap data repositories.
  • The Commodity Futures Trading Commission will likely have to delegate some Dodd-Frank Act implementation to self-regulating organizations and not necessarily just the National Futures Association, according to Commissioner Scott O’Malia.