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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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  • Short-end CNY swaps have been offered on foreign profit-taking flows while data-related paying pressure from the mid-sector has steepened the 1s/10s curve slope, writes Deirdre Yeung of Total Derivatives.
  • Market participants have been active in trading options on the euro against the US dollar, playing the view that the currency pair will move lower. The highlight of the flow was one investor picking up a sizeable at-the-money straddle on the pair.
  • Overall credit default swaps notional that was reported to swap data repositories last week fell 19% from the previous week, according to data from the International Swaps and Derivatives Association. Overall interest rates derivatives trading that was reported also dropped by 28%.
  • UBS has launched a new delta hedged short volatility strategic index that seeks to replicate a series of short S&P 500 options, allowing investors to earn implied vs realized volatility via one total return swap.
  • Trad-X, the interest rate swaps trading platform run by Tradition, has hit a record notional high for dollar IRS in June, with volumes exceeding USD 50 billion, and the number of trades executed surpassing 750 trades. The trades executed electronically accounted for 33% of all US dollar trades at Tradition.
  • SEFs: Yesterday, today and tomorrow… By Scott Fitzpatrick, chief executive of Tradition SEF and chairman of the Wholesale Market Brokers Association Americas (WMBAA)