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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
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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  • The U.K.’s uncertain political future helped push the sterling to a 10-month low against the U.S. dollar before inching back.
  • As demand for hybrid structures picks up, end users such as insurance companies may look to structured notes with embedded longevity swaps to smooth their liability costs in line with health and population longevity trends.
  • Bank of New York Mellon’s Evolution Currency Option Fund last month bought three to six month call spreads on the Brazilian real against the U.S. dollar.
  • Standard & Poor’s is considering downgrading a series of synthetic collateralized debt obligations on which Lehman Brothers Special Financing Inc. served as swap counterparty.
  • Crédit Agricole Corporate and Investment Bank, formerly Calyon, has promoted Fréderic Meron to head global equity and fund-linked derivatives and Ahmed Kachenoura to run global sales for the group as well as all flow and delta-one sales and trading.
  • Kenneth Hon, head of Asia equity derivatives trading for Citigroup in Hong Kong, left the firm last week.