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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 increasing likelihood of the five-year CMS rolling down in two years’ time, driven by inflation and potential quantitative easing from the European Central Bank, has opened up the opportunity to sell two-year in-the-money digital caps on the underlying.
  • The volume of interest rate swap trading on swap execution facilities dropped by between 30%-40% during the first week of mandatory trading, according to Colby Jenkins, research analyst at TABB Group.
  • Institutional investors that acquired vanilla options on sterling against the US dollar ahead of the Verizon-Vodafone deal that took place on February 21 have moved to sell the instruments back into the market due to a lack of volatility in the currency pair.
  • CME Clearing Europe is adding a series of new interest rate swaps to its existing interest rate swap offering ahead of the start of mandated clearing in Europe, which is slated for later this year.
  • Electronic networks for trading over-the-counter financial instruments such as swaps are set to become much more efficient after the FIX trading community adopted a standardisation initiative on Thursday. The move will help firms with the transition from manual to automated dissemination of information between dealers and clients.
  • A spike in dollar/renminbi (onshore) following fixings from the People’s Bank of China has opened an opportunity for investors to go long renminbi volatility via one-month at-the-money straddles, buying a call and selling a put with the same strike.