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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 International Brotherhood of Teamsters has contacted a dozen Street firms, from dealers to hedge funds, about what it believes are abuses relating to credit default swaps referencing distressed trucking company YRC Worldwide Inc. The union is also considering taking the matter to U.S. regulators.
  • Banks were selling one-year puts on the euro against the U.S. dollar today after spot dropped well below USD1.45 in overnight trading after being at USD1.46 at the start of the week.
  • The U.K. Financial Services Authority this morning fined Toronto Dominion Bank in connection with risk management failures in a CAD96 million (USD89 million) trading loss its credit default swaps desk took last year.
  • Standard Chartered has hired Suresh Menon from Citigroup to run equity derivatives institutional sales for Asia Pacific, a new role for the bank.
  • Hoare Capital, a London-based securities and derivatives broker, is planning to open an office in New York next year in an effort to expand on the interest it has received from U.S. hedge funds in property and longevity derivatives, structured products and asset backed securities.
  • Intercontinental Exchange has announced that it will begin clearing single-name U.S. credit derivatives Dec. 21.