Derivatives - All Articles

  • US-EU trading venue deal could signal path to come for UK

    A decision by the US Commodity Futures Trading Commission (CFTC) last week regarding European Union multilateral trading facilities (MTFs) and organised trading facilities (OTFs) could be a glum preview of the UK’s cross-border regulatory affairs.

    • 30 Jul 2020
  • Lira dip raises spectre of currency crisis for Turkey with banks in crosshairs

    Falls in the Turkish lira have reignited concerns about a currency crisis this week, with the Central Bank of the Republic of Turkey’s (CBRT) unorthodox exchange rate policy raising questions from investors about the robustness of the country’s respected banking sector. Mariam Meskin and Ross Lancaster report.

    • 30 Jul 2020
  • Sofr trading at 3% of US mart as transition looms

    Just 3% of dollar interest rate risk was executed with Sofr trades in June, and the Japanese Libor transition has also been sluggish, according to data released this week.

    • 29 Jul 2020
  • Turkey bond question rises as reserves dwindle

    Despite the success of many emerging market sovereigns in issuing bonds in international markets this year, Turkey, typically a leading issuer, has been notable by its absence. And with its foreign exchange reserves running lower, the risks of it not being able to come to market at all could be mounting.

    • 28 Jul 2020
  • CFTC commissioners back cross-border swaps retreat

    The US Commodity Futures Trading Commission (CFTC) was set to back a significant revision of its cross-border mandate on Thursday, pulling back from overseeing non-US swap transactions.

    • 23 Jul 2020
  • EC looks to accelerate position limit loosening

    Commodity derivatives trades are primed for a fillip from European regulators as the European Commission plans to relax position limits on their trading.

    • 23 Jul 2020
  • Commission to unveil ‘quick fixes’ for MiFID II

    The European Commission is looking to change its rules on research unbundling and other aspects of MiFID II to ease the post-coronavirus recovery in the EU. It is also set to present tweaks to rules on securitization and prospectuses.

    • 23 Jul 2020
  • iTraxx Main prints tightest since Feb on low supply

    European high grade non-financial credit spreads dipped to their lowest levels in around five months this week, though corporate bond bankers said it is the lack of primary bond market activity rather than the breakthrough in EU fiscal stimulus that has ground spreads tighter.

    • 22 Jul 2020
  • Margin calls could increase regulatory scrutiny on CCPs

    Central counterparty clearing houses (CCPs) could face increased attention and greater regulation after coming through the Covid-19 crisis in good shape, Fitch Ratings analysts said this week.

    • 22 Jul 2020
  • Derivatives can support EU's ESG goals, says ECMI report

    Derivatives stand to play a crucial role in the European Union’s green deal and transition to a low carbon economy, according to a study by the European Capital Markets Institute that was released on Thursday.

    • 16 Jul 2020
  • Hedging costs could make US fertile ground for euro investors

    Favourable moves in the cross-currency basis swap and rates markets have created opportunities for European investors to play in the US fixed income markets, said Amundi investors this week.

    • 16 Jul 2020
  • RJ O’Brien targets swaps biz with new hire

    RJ O’Brien, the futures brokerage and FCM, is aiming to break into the dollar swap market by hiring rates veteran Mark Donlon.

    • 15 Jul 2020
  • GlobalCapital Americas Derivatives Awards 2020: the winners

    GlobalCapital is pleased to announce the winners of this year’s Americas Derivatives Awards. This year’s pitching process was one like no other as the Covid-19 crisis swept throughout the world.

    • 15 Jul 2020
  • LCH SA's repo arm wins first supranational as EIB signs up

    The European Investment Bank (EIB) has become the first supranational institution to join LCH’s French repo clearing service.

    • 09 Jul 2020
  • CFTC’s name give-up rule causes confusion

    A new US Commodity Futures and Trading Commission rule to restrict post-trade name give-up on swap execution facilities (SEFs) is causing some confusion in the market as participants work to a tight deadline.

    • 09 Jul 2020
  • European Commission grants CCP equivalence ahead of Brexit

    The European Commission has given the derivatives clearing market some hope, as it signalled on Thursday that it was going to extend its equivalence agreement with the UK.

    • 09 Jul 2020
  • Another fresh start at Commerz as leaders call it quits

    Commerzbank’s future strategy is up in the air after it was announced that its chief executive and chairman would be leaving after its “5.0” strategy received a poor welcome.

    • 09 Jul 2020
  • Commodity broker prints Swissie T2 with stock mart upside

    Marex, a commodity and derivatives broker, has raised tier two capital in the Swiss franc market through a structured note, which it says is the first to combine a tier two host with an embedded structured product — in this case, exposure to the SMI, the Swiss equity market index.

    • 09 Jul 2020
  • Gordian Knot team plan return with corporate receivables venture

    Nicholas Sossidis and Stephen Partridge-Hicks, the founders of investment manager Gordian Knot and pioneers of structured investment vehicles, are planning the firm’s comeback in the securitization market, with a new venture focused on corporate receivables ready to launch.

    • 09 Jul 2020
  • Trad-X wins more electronic converts with new sign-ups to rates CLOB

    Tradition’s Trad-X dealer-to-client central limit order book has won two more members, as UniCredit and Actiam have joined the electronic rates trading platform.

    • 08 Jul 2020
  • Structured products to remain under scrutiny at French banks

    Société Générale and Natixis may face more questions over their equity derivatives businesses when they release their second-quarter results. The issue is whether their structured products are inherently problematic or simply suffered from freak events.

    • 02 Jul 2020
  • Critical hedge fund sees better way to do ESG

    Environmental, social and governance investors have been patting themselves on the back this year because their funds have tended to outperform during the coronavirus crisis. But a San Francisco hedge fund believes they are doing a poor job of shielding investors from the general risk of the stockmarket and more quantitative methods would improve the outcome.

    • 02 Jul 2020
  • Cboe plans new derivs market within a year

    Cboe Global Markets intends to launch a new equity futures and options exchange in the first half of next year, following the completion of its purchase of EuroCCP.

    • 02 Jul 2020
  • Deutsche Börse shuffles roles at Eurex, Frankfurt Stock Exchange

    Deutsche Börse has announced a handful of job changes, triggered by Hauke Stars leaving the company.

    • 01 Jul 2020