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Bank intermediaries eye resurgence in profitable trades
◆ UK rule change cheers covered bonds... ◆ ... as it shelves Taxonomy plans amid wider transition shift ◆ Digital markets: what makes a swap smart
Supporters claim smart derivative contracts remove need for central counterparties
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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.
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Intercontinental Exchange has launched nine marine fuel futures contracts ahead of the implementation of new sulphur cap regulations by the International Maritime Organization.
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Invesco has made two hires, Ali Zouiten and Derek Steeden, to bolster its derivatives-based solutions.