Derivatives - All Articles

  • Trade associations call for benchmark regs rethink

    Four trade bodies have called for the EU Benchmarks Regulation (BMR) to be changed, in order to prevent what they see as the potentially disastrous consequences of third-country benchmarks ceasing to be allowed from the end of 2021.

    • 30 Jun 2020
  • Covid claims another conference, as ISDA cuts AGM

    The derivatives industry has lost another of its major conferences after the International Swaps and Derivatives Association (ISDA) was forced to cancel its annual general meeting amid the spread of the coronavirus and related travel restrictions.

    • 25 Jun 2020
  • Commissioners support end of name give-up rule

    Post-trade name give-up on swap execution facilities (SEFs) is set to be consigned to history as a majority of commissioners on the Commodity Futures Trading Commission (CFTC) came out in support of a rule that will largely restrict the practice.

    • 25 Jun 2020
  • Exchange chiefs criticise short selling bans

    Exchange leaders have criticised some of the measures that regulators introduced during the height of the Covid-19 crisis that restricted short selling.

    • 25 Jun 2020
  • TP ICAP hires Barclays head for FX platform

    Interdealer broker TP ICAP has hired Holden Sibley, formerly of Barclays, to lead FX Hub, its FX platform.

    • 25 Jun 2020
  • People moves in brief

    Bagshaw heads to HSBC, Deutsche replaces him — Citi's Kemp retires — Karolev moves to JP Morgan

    • 25 Jun 2020
  • EU moves fast on clearing resolution, knocks out open access

    The European Parliament reached a quicker than expected agreement on central counterparty clearing house recovery and resolution on Tuesday night, settling on a framework for second skin in the game requirements and also pushing open-access rules out for another year.

    • 24 Jun 2020
  • Citi clearing chief retires

    Jerome Kemp, global head of futures, clearing and collateral at Citi, and a leading figure in the derivatives clearing market, has retired after 36 years in the industry.

    • 24 Jun 2020
  • CCP resolution talks stumble over second skin

    European Union institutions failed on Friday to reach a deal on a clearing resolution scheme, due to disagreements on whether the second skin in the game should be prefunded or not. The EU Commission is now suggesting a middle way that will be debated on Tuesday evening.

    • 23 Jun 2020
  • EU institutions eye long-awaited CCP deal

    Members of the European Parliament and representatives of member states hope to clear the last hurdles for an agreement on a draft regulation on recovery and resolution of central counterparty clearing houses (CCPs) by the end of this month.

    • 18 Jun 2020
  • Eurex kicks off Asian strategy, clearing first Japanese swap

    Eurex Clearing has cleared its first interest rate swap for a Japanese client as the clearing house pushes its over the counter (OTC) euro swaps business into Asia.

    • 18 Jun 2020
  • EQD investors start to look to US election

    As equity derivatives investors and traders dust themselves off from the Covid-19 panic that gripped the market in spring, thoughts are turning to the US election and how to position for it.

    • 18 Jun 2020
  • SG promotes Agbo-Bloua

    Société Générale has promoted Kokou Agbo-Bloua to global head of economics, cross-asset and quant research.

    • 17 Jun 2020
  • Cineworld cancels Cineplex acquisition to lenders’ benefit

    Cineworld has withdrawn from its proposed acquisition of Canada’s Cineplex, which had been funded by a $1.9bn term loan syndicated in February. With lenders to the transaction sitting on a paper loss of around 30 points, the collapse of the agreement will prove a boon, but break fees, swap costs and litigation could chip away at the chain’s stretched cash resources.

    • 15 Jun 2020
  • Crisis Talk – John Hempton, CIO of Bronte Capital: ‘good things happen to bad people’

    John Hempton, the Australian short seller and self-styled eccentric, believes fraudulent companies will soon become evident in the corporate rubble left by the coronavirus pandemic. Hempton, who has bet against 1,100 companies over the course of his career, explained how his hedge fund Bronte Capital goes about finding rotten eggs in business and finance.

    • 12 Jun 2020
  • ESMA leaves door open to open access extensions

    The European Securities and Markets Authority (ESMA) has given potential leeway to national competent authorities (NCAs) considering the introduction of open access rules next month.

    • 11 Jun 2020
  • Eurex beefs up swap offering to clear inflation

    Eurex Clearing has added inflation swaps to its euro liquidity pool, as the clearing house boosts its interest rate derivatives offering.

    • 11 Jun 2020
  • Cboe taps mini trend with VIX future relaunch

    Cboe Global Markets is seeking to tap into the trend for mini and micro futures contracts by relaunching its mini VIX futures.

    • 11 Jun 2020
  • CME readies for Eurodollar pit reopening

    CME Group has become the latest exchange to signal a return of open-outcry as it announced the reopening of its Eurodollars options pit.

    • 10 Jun 2020
  • Stronger CMU proposed to tackle coronavirus crisis

    A group of market participants and experts selected by the European Commission produced a series of proposals for the Capital Markets Union in a report published on Wednesday, as the coronavirus crisis gave new impetus to the project.

    • 10 Jun 2020
  • Cboe Global Markets delays open outcry return

    Cboe Global Markets has decided to delay its return to open outcry pit trading, amid city closures across Chicago.

    • 04 Jun 2020
  • Tradition makes senior hires to bolster data efforts

    Tradition, the interdealer broker, has made three hires to its data business, including two from outside the IDB world, as it seeks to push out the offering.

    • 04 Jun 2020
  • Learning Curve: The Settlement Discipline Regime and the sell side

    With less than 10 months to go before the expected implementation of the Settlement Discipline Regime in February 2021, the sell-side’s preparations are well underway. Given the potential impact of SDR on banks and broker-dealers, there is extensive ground to cover ahead of the go live date.

    • 04 Jun 2020
  • Crisis Talk — with Christopher Giancarlo, former CFTC chairman

    Chris Giancarlo was the 13th chairman of the Commodity Futures Trading Commission, the US’s top derivatives regulator, until last year. Before his five years at the helm of the CFTC he enjoyed a successful career on Wall Street, which included a 13-year stint as executive vice-president of GFI Group. Since leaving the commission he has focused on digital asset technology, in particular the development of a digital dollar. GlobalCapital caught up with Giancarlo to discuss regulation during the coronavirus crisis and the future of cryptocurrencies.

    • 03 Jun 2020
  • GlobalCapital Global Derivatives Awards 2020: the nominees

    GlobalCapital is delighted to announce the nominees for its 2020 global derivatives awards.

    • 03 Jun 2020