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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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The US Commodity Futures Trading Commission has sanctioned trader and CFTC-registered floor broker Benjamin Cox for alleged spoofing.
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The US Commodity Futures Trading Commission has appointed Malcolm Clark Hutchison III as director of its clearing and risk division.
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CLS, the US foreign exchange settlements company, has launched a same-day settlement service, with JP Morgan and Goldman Sachs being the first banks to sign up.
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UBS and Citi trader Tom Hayes was jailed for 11 years for manipulating Libor. But while the trader argued that he was made a scapegoat for the financial crisis, perhaps the rate he rigged is a bigger victim.
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Equity derivatives clearer the Options Clearing Corporation has appointed Susan O'Flynn and Stuart Bourne to its board of directors.
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UniCredit is to launch two exchange-traded funds on indices that combine a factor strategy with environmental, social and governance considerations.