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The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
The derivatives market gathered in London on Thursday night to celebrate its leading players
Internal restrictions mean SSAs issue fewer CMS-linked notes
JP Morgan and Dutch pension fund PGGM transacted derivatives margin trade
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The Commodity Futures Trading Commission has slammed current efforts for mutual recognition of clearing regimes when European buyside firms attempt to access US clearinghouses. Ananda Radhakrishnan, director of the division of clearing and risk at the CFTC, called on the IntercontinentalExchange and LCH.Clearnet to clear its futures contracts exclusively at US designated contract markets, removing the need for equivalence in Europe.
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Forcing clearinghouses to connect to rival venues under the revised Market in Financial Instruments Directive may have the unintended consequence of stifling competition among clearinghouses, leading to a small number of incumbent houses holding large amounts of risk.
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Hedge fund investors are entering one-year capped variance and volatility swaps on baskets of stocks and exchange-traded funds with the view that some correlated underlyings will disperse in the near future against those that are likely to remain stable.
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Stoxx has licensed its two Minimum Variance Indices to Resona Bank. The indices will be deployed in passive funds that will be used by Japanese pension funds.
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Firm Chinese inflation data backed paying in mid-sector CNY swaps on Tuesday and the 1s/5s curve steepened as a result. In the long end, 10 year swaps were better offered as short positions were closed, writes Deirdre Yeung of Total Derivatives.
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Trad-X, the interest rate swaps trading platform run by Tradition, has hit record trading volumes for dollar IRS, with volumes exceeding $290 billion since the inception of $ products in February 2013.