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JP Morgan and Dutch pension fund PGGM transacted derivatives margin trade
◆ Chinese bank treasury shift from USTs to dollar callables considered ◆ Some European SSAs face cross-currency limitations ◆ Previous market staple 'almost non-existent'
Bank intermediaries eye resurgence in profitable trades
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Dovish comments from the People's Bank of China (PBoC) and the inverted 1s/5s slope backed paying interest in the belly of the CNY swap curve on Monday. Meanwhile, two year swaps have outperformed on the recent improvement in liquidity conditions, writes Deirdre Yeung of Total Derivatives.
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Firms with trade reporting obligations can save resources allocated to complying with reporting requirements by outsourcing their requirements to a third party provider. This can reduce initial system building costs, as well as provide better adaptive abilities in the future, according to Sapient Global Markets.
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Corporate bond indigestion, overstuffed dealer inventories, a Greek showdown and new rules on bank bail-inable bonds created a perfect storm of volatility that caught some traders offside after a busy iTraxx index roll.
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Swaps market participants face new challenges with delegated reporting liabilities as trade reporting requirements have evolved globally, according to research from Sapient Global Markets.
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Asset managers and the funds that they manage do not present systemic risk according to a letter to the Financial Stability Oversight Council from two trade associations, and as a result, should be independently reviewed by the Securities and Exchange Commission.
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IInvestors are shifting their trading strategies from options on indices to single name stocks and exchange-traded funds on the back of pessimism regarding first quarter earnings results.