Derivatives - All Articles

  • Coronavirus fears spark put trading as investors mull longer term disruption

    Fear in financial markets at the spread of the coronavirus is making many investors reconsider how to position for the year's first quarter.

    • 30 Jan 2020
  • Nigeria FX weakening raises hedging question for OMO trade

    A popular frontier market trade in Nigerian open market operations (OMOs), central bank securities, has been faltering on the back of local currency depreciation, which if deepened will force foreign market participants to consider eating into their returns with an FX hedge.

    • 30 Jan 2020
  • BIS calls for boosted buy-side adoption of FX code

    The Bank for International Settlements (BIS) has pushed buy-side firms to engage more fully in adopting the FX Global Code, an ethical framework for the FX market.

    • 30 Jan 2020
  • Ex-UBS structuring head emerges at digi assets firm

    Shane Edwards, former global head of solutions and structuring and global head of equity derivatives at UBS, has joined Diginex, a digital asset firm.

    • 29 Jan 2020
  • Ex-DTCC policy head joins MIAX

    Mark Wetjen, formerly head of global public policy at the Depository Trust and Clearing Corporation (DTCC), has joined the Miami International Securities Exchange (MIAX).

    • 28 Jan 2020
  • More calls for lenders to take Libor transition stance

    Corporate debt advisers have joined the call for lenders to make clear their plans for the transition away from Libor, as frustration takes hold among some bank clients that a solution still seems far away.

    • 28 Jan 2020
  • BSE signs Brent agreement with ICE

    BSE, formerly the Bombay Stock Exchange, will use the Intercontinental Exchange’s ICE Brent Index as the final settlement price for its Brent futures contract.

    • 27 Jan 2020
  • FIA begs for clarity on margin treatment

    The Futures Industry Association (FIA) has called on the US Commodity Futures Trading Commission (CFTC) to change its rules to provide more clarity on the margin treatment for separate customer accounts.

    • 23 Jan 2020
  • Equities takes shine off SGX results

    Singapore Exchange (SGX) has reported mixed quarterly results from derivatives trading and clearing, with weakness in its equities derivatives segment contrasting with strength in currency and commodities.

    • 23 Jan 2020
  • People moves in brief

    No more Vice at ICE — Barclays places Hill at risk — HSBC picks head of new illiquid credit syndicate unit

    • 23 Jan 2020
  • Vice leaves ICE

    Charles Vice is standing down as vice-chairman of Intercontinental Exchange, ending a 20-year career with the company.

    • 22 Jan 2020
  • Clearstream Germany CSD wins licence

    Clearstream has obtained a Central Securities Depositories Regulation (CSDR) licence for its German central securities depository (CSD), Clearstream Banking AG.

    • 22 Jan 2020
  • CME breaks volume record

    CME has declared record international average daily contract volumes, driven by growth in equity and interest rate products.

    • 21 Jan 2020
  • Clearstream takes over Fondcenter

    Clearstream has agreed to acquire a majority stake in UBS's fund distribution platform Fondcenter.

    • 21 Jan 2020
  • Revenue risk hedging for airlines to take flight

    Airbus is setting up a new trading hub to enable the airline industry to hedge its exposure to the variability of air travel ticket prices.

    • 20 Jan 2020
  • Citadel Securities makes four on BGC platform

    Citadel Securities has become the latest market maker to sign up to the BGC Partners Fenics GO electronic trading platform.

    • 20 Jan 2020
  • HSBC names head for illiquid credit syndicate unit

    HSBC has appointed Vinay Raj as head of illiquid credit syndicate, a new structure within the firm's global syndicate operations focused on distributing structured finance, infrastructure, real estate and distressed debt.

    • 20 Jan 2020
  • Tradition brings CLOB to the masses with dealer to client platform

    Interdealer broker Tradition is opening the doors to central limit order book trading for buy-side swaps market participants with its Trad–X D2C platform.

    • 16 Jan 2020
  • Markets must face up to new deadlines for Libor transition

    Banks should stop issuing loans and bonds linked to Libor by October, according to the Bank of England’s Working Group on Sterling Risk-Free Reference Rates. But the scale of the challenge facing firms, particularly in the loan market, is causing concern.

    • 16 Jan 2020
  • People moves in brief

    Ex-Goldman's Weber joins Middle East boutique — Giancarlo turns up at Federal Housing Finance Agency — Ferdane takes over coverage job at BNP Paribas

    • 16 Jan 2020
  • ISDA chief stresses 'critical' importance of Chinese netting

    The International Swaps and Derivatives Association's CEO has called for more clarity on close-out netting in China.

    • 16 Jan 2020
  • Morgan Stanley and compatriots raise the FICC bar

    Morgan Stanley more than doubled its revenue from fixed income sales and trading in the fourth quarter of last year, completing a stellar set of earnings for US banks in that business after a year in which they appear to have cemented their dominance in Europe.

    • 16 Jan 2020
  • Prime brokerage boosts TriOptima to record FX compression

    TriOptima has hit record compression levels with its FX forwards service, as the winds of regulatory change drove prime brokerage business its way.

    • 15 Jan 2020
  • Laying it on FICC: trading helps Goldman and Bank of America

    Fixed income, currencies and commodities trading (FICC) has been the clear area of strength in US bank results so far when compared with the fourth quarter of 2018, particularly in rates and mortgages. Underwriting fees have also come in high, but advisory earnings have suffered.

    • 15 Jan 2020
  • CFTC fines Mirae Asset Daewoo for spoofing

    South Korea’s Mirae Asset Daewoo has been ordered to pay $700,000 after a US Commodity Futures Trading Commission investigation found one of its traders had engaged in spoofing.

    • 14 Jan 2020
  • Safe eases onshore FX derivs hedging for foreign investors

    The State Administration of Foreign Exchange (Safe) will allow foreign investors to participate directly in the interbank FX derivatives market so they can hedge their foreign exchange risks from investing in onshore renminbi bonds, according to a Monday notice.

    • 14 Jan 2020
  • Lombard hires for absolute return push

    Lombard Odier Investment Managers has appointed Alex Maubourguet to take charge of its new absolute return strategy.

    • 13 Jan 2020
  • LSEG hires Roos for capital markets

    Murray Roos, former joint head of equities at Citi, has turned up at London Stock Exchange Group.

    • 10 Jan 2020
  • Brexit is just beginning

    While voters who wanted to get Brexit done won a clear path to leave the European Union in December’s general election, the financial industry should be preparing itself for a protracted period of scattered and gruelling negotiations.

    • 09 Jan 2020
  • ESMA releases reaction to Nasdaq CCP blow-up

    The European Securities and Markets Authority has published the outcome of its analysis and follow up actions on central clearing counterparties' membership criteria and due diligence in the wake of the 2018 default at Nasdaq Clearing.

    • 09 Jan 2020
  • Commodities position limit debate to kick off again as NGOs eye ESMA consultation

    As market participants sent in their final responses to the European Securities and Markets Authority's consultation on MiFID II’s commodity derivatives position limits, NGOs look set to fight against financial industry suggestions. An Oxfam official said he was “worried and disappointed” by the exercise.

    • 09 Jan 2020
  • Aker BP flexes new muscles and targets IG buyers

    Norwegian oil exploration and production company Aker BP took advantage of its second investment grade rating, out of three, received in November, to position itself as an investment grade issuer and print a dual tranche five and 10 year deal this week.

    • 09 Jan 2020
  • People moves in brief

    Funding Circle picks up former securitization syndicator — Campbell moves from HSBC to RBC — Long-time DCM banker turns up at Aramco

    • 09 Jan 2020
  • GlobalCapital Americas Derivatives Awards 2020: the nominees

    GlobalCapital is delighted to announce the nominees for this year’s Americas Derivatives awards.

    • 09 Jan 2020
  • LCH marks record 2019 across CCPs

    LCH shrugged off worries about its place in euro clearing after Brexit to notch up record clearing volumes across its clearing houses in 2019.

    • 09 Jan 2020
  • NatWest Markets joins leveraged loan swap market

    NatWest Markets has started to offer currency swaps on leveraged loans, with its first ‘perfect asset swap’ traded in December. It joins just two other banks regularly offering the product, which is crucial for connecting the sterling leveraged finance market to the deep demand created by euro-based CLO buyers.

    • 09 Jan 2020
  • EEX completes platform link-up

    The European Energy Exchange has completed the full integration of its Powernext and Gaspoint Nordic energy platforms.

    • 08 Jan 2020
  • ESMA puts out final SFTR report

    The European Securities and Markets Authority has published its final report and guidelines on reporting under the Securities Financing Transactions Regulation.

    • 07 Jan 2020
  • MSCI launches ESG and factor indices

    MSCI has launched a range of new indices aimed at corporate bond investors that want to increase their environmental, social and corporate governance and factor exposure.

    • 07 Jan 2020
  • KommuneKredit hires treasury manager for funding and derivatives

    KommuneKredit has recruited a senior treasury manager to focus on the Danish agency’s funding and derivatives business.

    • 07 Jan 2020
  • ISDA hires new policy head

    The International Swaps and Derivatives Association has appointed Su Yen Chia as its new head of Asia Pacific public policy.

    • 06 Jan 2020
  • FICC boss leaves Citadel Securities

    Brian Oliver, head of EMEA and APAC FICC distribution at Citadel Securities, has left the market making firm and begun gardening leave.

    • 06 Jan 2020
  • FIA members call for commercial-institutional compromise on IM models

    The US commodities members of the Futures Industry Association have called on the US Commodity Futures Trading Commission to overhaul regulation to address operational challenges on swaps margin management.

    • 03 Jan 2020
  • SGX adds new member with 'internationalisation' strategy

    Singapore-based Orient Futures International has become the latest trading and clearing member of the Singapore Exchange (SGX) derivatives market.

    • 02 Jan 2020
  • Banks warned dragging feet on Libor transition could lead to PPI-style claims

    Banks have been warned that their tardiness in switching away from the Libor benchmark could leave them open to compensation claims, similar to those that followed the UK's £50bn scandal of banks mis-selling payment protection insurance. However, bankers involved in the process say they are working hard to complete the transition.

    • 02 Jan 2020